Ethiopian Business Review

Samson Berhane

Samson Berhane

Editor-in-Chief

samson.b@ethiopianbusinessreview.net

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Situated 1043km away from the capital in the state of Tigray, Aksum is home to some of the most valuable heritages of Ethiopia. The Obelisks, tombs and churches found in the town as well as the welcoming people are its major characteristics. Even though the remnants of the Kingdom of Aksum portrays the long history the town has, its historical significance is not well-promoted to the world. Now, with the deteriorating condition of the obelisks and other heritages of the town, Aksum is at a risk of losing its status given by UNESCO. EBR’s Samson Berhane, who visited the town last month, writes.

Developmental State Under the Radar

Sunday, 15 September 2019 00:00 Published in Topic

Is it the Right Model for Ethiopia?

When Ethiopia adopted the developmental state as its growth model almost two decades ago, many did not expect the East African nation would reap massive economic gains. However, the country was able to register one of the fastest economic growths in the world for more than a decade. This contributed to the increase in per capita income and significant reduction of poverty.

Many, on the other hand, discredit the achievements because of gross human rights violations, narrowing political space, and a stifling private sector. The development model has also been criticized for making the state a dominant economic actor in the economy by hugely investing in infrastructure development projects. To finance its huge development plans, the government has excessively borrowed from local and foreign sources. This led the national debt to more than USD50 billion as of June 2019. More than half of the loans were acquired from foreign sources.

As the government was pumping huge supply of money in the economy, the situation created a surge in demand amid a huge supply constraint. The supply was poor because equal volume of investment was not made in the productive sector of the economy, agriculture and manufacturing. The result has been a bulge in the trade deficit because of mounting imports while exports remained stagnant or declining in those years. Now, aiming to address these macroeconomic woes, the administration of Prime Minister Abiy Ahmed has been trying to deviate from the past trends of development. EBR’s Samson Berhane investigates.

YouTube for Media A Sustainable form of Income?

Sunday, 15 September 2019 00:00 Published in Focus

Lately, more and more people have been waking up to the fact that YouTube can be considered a serious channel for making a living. Many are seizing the opportunities in the digital media industry, inspired by the growing interest of a large audience to video content. The growth of internet users and smartphone ownership in the country, has also led to a considerable growth in the number of people who use YouTube as a source of news and information. This, in turn, enables many YouTubers with content focused on Ethiopia to earn revenues from views, subscriptions and Advertisments. EBR’s Samson Berhane probes into the matter.