Abenomics is a recently coined word to re- fer to the massive planned spending by the new Japanese Prime Minister Shinzo Abe to relieve the country’s economy from more than two decades of stagnation. To start the economy going and achieve some level of growth, the plan envisages investing tens of billions of dollars on infrastructures, among other things. Even though it is still a challenge to do this in an era of austerity, the Japanese government can go with its plan, thanks to a variety of deficit financing mechanism and its sophisticated financial market.

Tuesday, 30 April 2013 12:53
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Mengistu Worku, the late renowned Ethiopian Footballer, ones said, ‘‘we used to play for the passion of the sport not for the money that we get from it’’ and he reminisced about how the late Yidnekachew Tessema, refered by some as the father of Ethiopian football, used to give him ten or twenty five cents for transport after training. Such stories were common in the amateurish, early stage of the ‘beautiful game’ in Ethiopia. In those days, formal organization and structure were absent, but recently, following the trend in other sectors of the economy, some changes are occurring in the Ethiopian football, though it still has a long way to go before becoming fully professional.

Wednesday, 20 February 2013 11:49
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Addisu Menegesha, 29, posed for a photo infront of a white board at Esmile Internet Café in Autobis Tera district of the capital, Addis Ababa.

Addisu was having his picture taken for an electronic form to enter a United States Government run visa lottery program. In this lottery program, commonly known as Diversity Visas (DV), people worldwide enter their applications online. US officials say a computer-generated, random lottery drawing picks the winners.

Wednesday, 20 February 2013 09:38
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Yonas Gebrekidan 38, whose name has been changed, is one of the printer cartridge importers in Addis Ababa. He has been doing this business for the past five years. As the business has been expanding, he has lately opened shops in regional towns. But recently, his business has been seriously challenged. “Business has come to a ground halt” he said. “The banks have not been allowing enough foreign currency to import the necessary materials we need.”

Wednesday, 20 February 2013 06:39
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Addis Ababa concluded celebrating its 125th founding anniversary recently. Though the city managed to become the permanent diplomatic hub of Africa in the second half of the 20th century, it is far from becoming the economic and cultural center of the continent. It seems that the city has missed the essential ingredient its name carries which literally translates to being a fresh flower. Such a connotation alludes to neatness, being livable in terms of social and economic infrastructure like schooling, health, water and sanitation, electricity, housing, and transport facilities. The development of the city is not up to its history writes Mango B., Ethiopian Business Review Special Contributor, though it is on fast track to catch up with its peers in the developed world.

Monday, 18 February 2013 07:57
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  • Surpassed last year’s earning by 14 per cent
  • Earning shows 69.14 per cent of the plan
  • The gap between plan and accomplishment alarms realizing GTP

The direct relationship between export and country’s economic growth is apparent. Economists also insist that if export figures (quantity or earning) fluctuate year after year, uncertainties will emerge in the economy. In turn, these uncertainties build unfavourable pressure on investment. These might, in the end, have negative repercussions on overall growth. Balance of payment crisis also turns out to be the other effect.

For economists or others with related professional background, the accomplishment of the Ethiopian 2011/12 export does not seem to make them say wow; perhaps it would ignite several questions.

Wednesday, 21 November 2012 07:35
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Last modified on Friday, 21 December 2012 07:47

Ethiopian Revenues and Custom Authority (ERCA) is planning training of more than 1200 logistic operators in November, 2012 Ethiopian Business Review learned. Applicants have paid 6528.84 birr each to receive training. Upon completion, the trainees will receive certificate of competence which will make them eligible to get license for transit and logistics services.

The authority set the new training after considering repeated request by importers and exporters.

Thursday, 15 November 2012 14:26
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Ethiopia’s Major Tax Revenue Sources in 2011/12

Ethiopia’s Major Tax Revenue Sources in 2011/12
Source:ERCA
Illustration by EBR

Thursday, 01 November 2012 11:45
Published in Revenue & Custom
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In mid February 2010, Ministry of Finance and Economic Development (MoFED) representatives attended a workshop in Mombasa, Kenya. The Workshop was about Integrated Financial Management Information System (IFMIS), which MoFED had planned months earlier.

IFMIS, which is expected to raise efficiency, effectiveness and transparency in financial sector has “successfully” finished its pilot phase, after two years. The pilot project, which consumed USD 19 million, had been running under close supervision of MoFED. Since last September, the project has been moving to implement the system in selected ministries, federal agencies and regional bureaus.

Thursday, 01 November 2012 11:11
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