Ethiopian Business Review

Ashenafi Endale

Ashenafi Endale

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Local Edible Oil Producers Thrive in Hard Times

Saturday, 15 June 2019 00:00 Published in Investment

The local edible oil industry is thriving. Reversing the decades-long preference for imported brands, more local oil brands are now available in major trading areas. As consumers start to become wary of the health implications of imported palm oil, opportunities are opening up for local producers. However, the rise in the numbers of local producers does not mean their market share has improved. Because of the low level of attention given to the area by the government, local producers are facing shortages of raw materials. EBR’s Ashenafi Endale spoke to consumers, producers, government officials and experts to shed light on the matter.

Left in Limbo

Wednesday, 15 May 2019 06:00 Published in Topic

The Harsh Reality Facing Firms Accused of Tax Evasion and their Employees

The subject of tax evasion, which refers to illegal practices used to escape from taxation, embraces many dimensions and problems. Global Financial Integrity estimates a sum of USD285 billion economic loss occurs in developing countries a year because of tax evasion. Although the exact figure is hard to find in Ethiopia due to insufficient data and different estimation techniques, tax evasion activities remain one of the major problem in Ethiopia. Even recently, the government announced that 135 companies were implicated in tax evasion activities, totaling around ETB14 billion. However, companies which are accused of involvement in tax evasion, as well as tax experts, stress that the gaps in the tax law is costing businesses unnecessary money, on top of leaving thousands of employees jobless as EBR’s Ashenafi Endale reports.

In recent years, Africa has become the newest frontier for automotive companies from all over the world. Once majorly occupied by Chinese car manufacturers such as Hafei and Geely, Africa is now hosting car makers from Europe and the United States, including BMW, Volkwagen and Ford, all of whom are building production plants on the continent. EBR’s Ashenafi Endale explores the factors behind Africa’s automotive boom and what Ethiopia’s role as an auto manufacturing base.