Ethiopian Business Review

Government Officials and manufacturers have recently held discussions on the market challenges of metals and engineering companies particularly (car assemblies) in Ethiopia. The government blames the society for its impaired attitude about local products while the manufacturers accuse the government of taxing their products twice which contributes to their inability to compete. But the public says if people want to understand the culprit behind their rejection of new, locally assembled cars for much older, used imports one need look no further than the quality of the vehicles, access to maintenance and delivery of spare parts. In fact many people were at first proud of owning a locally made car, however they soon became jaded, writes Berihun Mekonnen, EBR’s editor-in-chief. 

Wednesday, 16 April 2014 06:00
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The saying; ‘a burnt child dreads the fire’ applies to many people who have given their money to real estate developers in Ethiopia because they have been burned repetitively. 

More than a few legally registered real estate developers have sold out the land, they have leased from the government to build homes, illicitly, pillaging millions of birr in profits in a villainous process. Then, several other developers who have made promises and deals to deliver finished houses were not able to finish the job on time. They made their clients wait in vain and incur extra costs. Still today, there are some real estate companies that collected pre-payments over seven years ago and haven’t delivered the houses yet.  

Saturday, 15 February 2014 06:00
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Neither be a lender nor a borrower, for money you lose both your friend [the borrower] and the money itself” has been one of the famous lines from William Shakespeare’s plays. That was many, many years ago. The game has changed now. Not only people, but countries, including the richest ones on earth, from the United States to Japan, from Australia to the UK, borrow a huge amount of money. They have even established institutions that specialize in lending money in massive amounts. Countries borrow money from these institutions and provide loans to one another. 

Wednesday, 15 January 2014 18:00
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