Ethiopian Business Review

Insurance is one of the key pillars of a modern economy. It contributes to mobilize savings, transfer risks and reduce financial losses.

The history of modern insurance in Ethiopia, especially the private sector driven one, is at its early stage. However, the sector is crippled with lack of innovative products and services. As a result, the industry lags far behind several African countries. The sector’s growth, especially in recent years, is marred with rising claims and declining premium rates. The stiff price based competition in the market contributed to this situation. EBR’s Ashenafi Endale explores the issue to offer this report. 

Saturday, 02 December 2017 12:00
Published in Economy & Finance
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Ethiopia is endowed with extensive natural resources such as fertile soil, abundant water resources and favorable climatic condition that make the country suitable for the development of different varieties of flowers, vegetables, fruits and herbs. Despite this, the country has not benefited from the sector as expected. 

Lack of adequate attention given to the sector by the government, years of insufficient investment by the private sector, and the absence of skilled human resource and technologies are among the major factors that thwart the country from reaping the benefits of its potential in the sub sector.

To avert the trend, Ethiopia, the second largest flower exporter in Africa after Kenya, recently launched the National Horticulture Development and Transaction Strategy. The strategy highlights the plan to create conducive environment for modernized horticulture development. EBR’s Mikiyas Tesfaye has gone through the document and conversed with major stakeholders to offer this report.

Friday, 01 December 2017 09:00
Published in Investment
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As the Ethiopian economy began to significantly expand in the last fifteen years, the demand for paper and paper products has also witnessed huge growth. In 2016/17 the demand for paper was 219,840 tons. However, the country managed to satisfy only 18Pct of the demand. The balance has always been matched by imports.

There are six companies currently engaged in the production of rolls of paper sheets from pulp and recycled paper. Although a small number of companies operate in the paper conversion sector, there is no paper mill company in the country. As a result, the country spends millions of scarce hard currency to import paper products. EBR’s Ashenafi Endale explores the issue to offer this report.

Wednesday, 01 November 2017 09:00
Published in Investment
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If you’ve ever driven or walked around Addis Ababa, it’s quite clear that the roads are congested and the traffic can be, at times, pretty bad. That’s because there’s been a rather large influx of cars coming into the country – thousands per year, by some estimates. As more and more Ethiopians are gaining access to increasing amounts of money, some are purchasing cars in order to make life and doing business easier. But what are the implications of this trend? EBR’s Berihun Mekonnen spoke with drivers and government officials about the issue.

Wednesday, 10 December 2014 12:00
Published in Society
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The Ethiopian government estimates that it has more than two million Ethiopian-born people who comprise its vast global diaspora, living in the United States, Europe, Australia and the Middle East, among other places. Much of the diasporic migration took place during the Derg regime (1974-1991); before that, during the time of the Emperor, it was common to see Ethiopians attending institutions of higher education abroad and returning home from western countries. 

Tuesday, 09 December 2014 12:00
Published in Investment
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Regular food shortages can hinder the life of rural farmers, continuing the cycle of poverty and making some already destitute situations even direr. The Ethiopian government sought to remedy this problem through establishing the Productivity Safety Net Program. The Program aims to improve food security for poor households in rural farming areas. So far, the Program has had considerable success.  EBR’s Berihun Mekonnen spoke with some of the Program’s participants as well as some critics who think the Program could be doing more. 

Tuesday, 09 December 2014 09:00
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Steep rental fees are making it tough for prominent and fast-growing private banks to expand their enterprise. Strict regulations and increasing rental fees highlight the difficulty that private banks face in trying to grow the number of branches they operate throughout the country. EBR’s Samson Hailu explores the reasons why this problem has come about and what should be done to solve it. 

Friday, 15 August 2014 03:00
Published in Economy & Finance
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As Ethiopia’s restaurant and hospitality industries continue to grow and many European cuisines flourish in main streets of Addis Ababa, the mushroom business is taking root. One can easily witness this from the new trend of advertisements about mushroom almost everywhere. Posted on billboards, electric or telecom polls, and walls and sometimes in the form of leaflets distributed by young boys in the busy streets of the Addis Ababa, information about mushroom products and market access is reaching the public in large numbers. Several companies have also been established recently to produce and collect mushrooms from producers to supply for restaurants, cafeterias and supermarkets.

Friday, 15 August 2014 00:00
Published in Investment
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Steep rental fees are making it tough for prominent and fast-growing private banks to expand their enterprise. Strict regulations and increasing rental fees highlight the difficulty that private banks face in trying to grow the number of branches they operate throughout the country. EBR’s Samson Hailu explores the reasons why this problem has come about and what should be done to solve it. 

Friday, 15 August 2014 00:00
Published in Economy & Finance
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