Ethiopian Business Review

For a long time, restaurants in Ethiopia have been offering a wide variety of stews to their customers. These days, the ‘less is more’ philosophy has taken root in cities like Addis Ababa, where some restaurants are specializing in shiro, while others offer a small handful of options to go with the traditional stew. 

Thursday, 15 March 2018 06:00
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An “instant” or “serviced” office is one that is fully equipped and managed by a company that then rents it out to individuals and businesses. Although instant offices are often found in cities worldwide, it is a new phenomenon in Ethiopia. Driven by the increasing number of foreign investors, business travelers, startup businesses, and non-profit organizations, the business model is now gaining momentum. EBR’s Mikiyas Tesfaye explores the issue.

Thursday, 15 February 2018 06:00
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Access to financial services contributes immensely to economic growth. This is why nations come up with the right mix of policies to expand financial services. Ethiopia, too, has been reforming its financial sector for the last two decades. However, the sector remains immature, even in comparison to other Sub-Saharan African countries.

To ameliorate the situation, the government has been intensifying its efforts to expand financial services. In 2014, the National Bank of Ethiopia (NBE) made it a requirement for financial institutions to increase their branches by 25Pct annually. This resulted in an unprecedented expansion of financial services. A year before that, the bank introduced a mobile and agent banking policy. As a result, close to 2 million clients are now using mobile banking, while 16,000 agents operate in the country.

Furthermore, last April the NBE introduced the country’s financial inclusion strategy, which analyses the state of financial exclusion in the country and highlights the need to create a cogent framework to tackle the problem. EBR explores.

Thursday, 15 February 2018 03:00
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