Ethiopian Business Review

Exactly a year after the Population and Housing Census Commission unveiled the results of inter census population sample survey, the House of Federation on May 30, 2014,  approved a revised federal subsidy budget allocation formula for regions. The new formula will be used starting from the next fiscal year up to 2016/17.

Wednesday, 16 July 2014 00:00
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Ethiopia is a country of paradox that it frequently lacks what it possesses abundantly. As one of the top producers of oil seeds which are the main inputs for cooking oil production, the country should have been a major producer of the product. But the country imports a large amount of edible oil. Four years ago with the skyrocketing prices of this dearly needed household consumption, the government interfered to ban all importers and started importing and distributing the item through its own channels.

Wednesday, 16 July 2014 00:00
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Employees in Ethiopian financial institutions switch working places primarily in search of better pays and benefit packages. This was aggravated as banks, particularly public-owned ones, didn’t put in place effective staff retention strategies. However, several of these banks have recently started to offer attractive salary and benefit packages. The move is helping the banks to stay competitive. 

The high increase of salaries and benefit packages is, however, becoming a critical challenge for new entrants. These banks have two options: offering higher, often exaggerated, salaries and benefits to the few skilled professionals in the industry or devote resources to train fresh graduates. 

Although both options have merits and demerits, human resource experts advice a right mix of strategies. 

Wednesday, 16 July 2014 00:00
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