Ethiopian Business Review

At a time when the government is only left with a year and half to fulfil its export targets set in the Growth and Transformation Plan (GTP), the textile sub-sector, the third largest manufacturing industry in the country in terms of value addition after food processing and beverage and the leather sub sectors, registered another dissatisfactory export performance in the last six months of the current fiscal year. The nation’s six month export revenue released by the Ministry of Trade (MoT) last February revealed that textile companies operating in the country exported only USD57.5million worth of garments and textiles. This has increased the combined export revenue from the sub sector to USD301.9 since the launching of GTP.

Saturday, 15 March 2014 06:00
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Jafar Shifa owns a book store and it keeps him constantly busy. At Jafar Bookstore located at the back of the Ethiopian National Theater, on Ras Abebe Aregay St. in Addis Ababa, he distributes books for retailers and street book venders and also sells to individual customers. Though he started the business by selling books on the streets a decade ago, now he has one of the biggest book stores in the city and “business is very good” for him. He even struggled to find a few minutes to talk to EBR and requested humbly to be called after 9:00pm, when the hectic business hours ended.  

Saturday, 15 February 2014 09:00
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The world’s 85 richest people own the same amount of wealth as the bottom 3.5 billion, Oxfam revealed in a new report released January 20th, before the opening of the 2014 Davos World Economic Forum. These 85 people have USD 1.7 trillion, similar to the wealth of the bottom half of the world’s population. 

Saturday, 15 February 2014 06:00
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