These days, for sport fans around the globe, emotional stress is not the only negative impact of watching one’s team lose a game. More and more joe-sport watcher joins the ranks of those who bet on different sports as sport has become more than just a hobby. It will not take long before Ethiopian sport fans could join this growing international scene.
A new company, Dagoo Sports Betting PLC, is on a promotion campaign to introduce a new business in the country. The company has established the first betting platform for Ethiopian football fanatics to wedge on their favorite international teams. It also plans to include local games in the Ethiopian Premier League in the future.
In a recent development, Chinese vendors Huawei and ZTE rolled out a deal valued at USD1.6 billion with the State owned monopoly ethio telecom, deemed as ‘one of the most annoying public enterprises in the country’ by its customers. The telecom has signed vendor finance deals with the suppliers in the last week of July, with Huawei’s share of the deal valued at USD700 million.
The two gigantic Chinese telecom companies make the agreements to expand access to telecom services and add more modern features in to the service, to offer far better telecom services in the country.
The 125 years old Addis Abeba seems to be at a threshold of a major socio-economic shift. As the middle class urbanite poised to reach a significant mass, the city has become a sea of changes, transforming at a breakneck speed. The infrastructure setting and the material needs of this growing cosmopolitan society is growing by the day. Numerous massive infrastructure projects are under way and different buildings are popping up here and there. But, the number of upcoming buildings may not be good enough to tell the whole story any more. Beyond this surprising structural development in the City, life has not just been what used to be for the city dwellers. From automating the daily life to a high demand of a world class comfort, life of the Addis Abebans seems to be changing for the better.
National resolution may be indispensable, but it is not, however, sufficient. If we are to find finance to our development endeavors, we have to raise our financial weight by developing the culture of saving.
Have you ever wondered if Ethiopian music albums are sold in the international market, where foreigners purchase them for a high price? If you are still wondering, this piece of article about the Ethiopiques series is for you.
The Ethiopiques series was started in 1997 by Francis Falceto under the Paris-based music label Buda Musique. At the beginning, it featured Amharic songs that were released during the 1960s and 70s. The first volume was released in 1998 under the title “The Golden Years of Modern Ethiopian Music” which featured various artists. Among the many prominent artists featured in different Ethiopiques volumes, Mahmoud Ahmed (featured 5 times), Mulatu Astatke, Alemayehu Eshete, Asnaketch Worku, Getachew Mekurya and Emahoy Tsegue-Mariam Gebrou are some of them. Eventually, the record started to feature songs besides Amharic ones such as Konso and Oromiffa.
In Birr is the amount of money collected from the public, out of the pledged 10.2 billion for the construction of the Grand Ethiopian Renaissance Dam (GERD), as reported by the National Council for the Coordination of Public Participation. The collected money has covered 23pct of the expenses so far.
In 2012, the Pew Research Center found that 85pct of self-described middle-class adults in the United States believe that it is more difficult now than it was a decade ago for people like them to maintain their standard of living. The share of Americans who say that they are in the lower-middle or lower class has risen from a quarter of the adult population in 2008 to around a third today. And Pew’s research found that only 63pct of those surveyed believe that hard work leads to success, down from 74pct in 1999.
Seeing how the newly constructed eight lane road on Africa Avenue is swamped with cars at rush hours gives an indication as to what is happening in the city’s car market. Every day more than 40,000 cars of different models and brands pass through this corridor alone. Yet this is not unique to this specific street. Every major road in the city is seen crowded with cars almost all the time. As the number of urbanites who are joining the ranks of the middle class is increasing so do the number of cars.
Many obstacles challenge foreign trade in Ethiopia- Logistics and transportation being the major bottlenecks. As much the logistics and transportation sector has undergone reforms, the sector continues to pose a critical challenge for the country’s foreign trade. In this exclusive interview, Berihun Mekonnen, Ethiopian Business Review’s senior editor sat down with Kassahun Abberu (PhD), Director of Transit, Shipping and Transport at Akakas Logistics PLC, a company which he cofounded in December 2000, to discuss the challenges and remedies for the complications in the sector, among other issues.Born in Dessie in 1958, Kassahun received his PhD in Transport Economics from Budapest University of Economic Sciences and Public Administration in 1992. His decades of portfolio include responsibilities at technical and managerial levels at the Federal Express, Hungary, Nib Transport Company, Ethiopian Amalgamated Ltd and others.
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