Ethiopian Business Review

Michael Buerk’s famished Ethiopia of 1984 has become a nation achieving 93Pct GDP growth in six years, finds study.

The television news report by the BBC’s Michael Buerk in 1984 framed Ethiopia for a generation as a place of famine and in need of salvation.

Almost 30 years later the country is hailed by pundits as an “African lion” after a decade of stellar economic growth.

Sunday, 15 December 2013 09:00
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When his career hit a bump in the road a decade ago, Dagnachew Bayabill, 36, moved to Bahir Dar for a fresh start, andbrought with him, his ample experience in the shoe manufacturing industry. After settling in the capital of the Amhara regional state, he started making traditional sandals. Business was good due to the availability of cheap raw materials and lack of competition. Years later in 2007, when Dagnachew and his colleagues asked the city administration for a piece of land for their workshop, the administration suggested that they organize themselves as a micro and small enterprise. This resulted in the establishment of Edget Behibret Leather and Leather Products Enterprise, with a total capital of ETB18,000. Currently, the enterprise has more than ETB one million in capital,  and employs more than 50 permanent workers; it has graduated to a “transitional level” that will enable it to join the medium manufacturing industry.

Friday, 15 November 2013 09:00
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In November 2011, the British Medical Journal published a research article entitled “The financial cost of doctors emigrating from sub-Saharan Africa: human capital analysis”.  The research, which was conducted by a group of medical scientists under the leadership of Edward J. Mills (Prof.), chair of global health at the University of Ottawa, Canada, concluded that Sub-Saharan Africa has lost USD2 billion yearly because of the brain drain related to medical professionals.

Friday, 15 November 2013 06:00
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