Ever since Ethiopia liberalized the financial sector in the 1990s, the country witnessed different waves of banking formation. The first wave was 1994 to 2000. Six private banks were formed during this time. Following the enactment of the Monetary and Banking Proclamation of 1994 that allowed domestic private investments in the banking sector.
one successful country’s experience
Financial reform in Ethiopia has an interesting history. The issue has been an important agenda in the Ethiopian financial sector since the mid-1990s. It was in 1994 that the first financial liberalization measures took place and continued until 1998.
1978 was one of the defining years for China. It was the year the then leader of China, Deng Xiaoping, who took power after the death of Chairman Mao Zedong, launched the economic reform that made China the global powerhouse of today.
Learning and development (L & D) has continued to be the most mission critical and expensive human resource management function. Companies spend millions of dollars to fast track talent development. According to Deloitte insight, nearly every CEO and CHRO report that their companies are not developing skills fast enough or leaders deeply enough. In today’s highly competitive global economy and intensely competitive talent market, the C-suite clearly understands that companies that do not constantly upgrade skills and rapidly build leaders will not be able to execute their business plans. In today’s business environment, learning is an essential tool for engaging employees, attracting and retaining top talent, and developing long-term leadership for the company. However, research has shown that money spent on L & D is often wasted.
The Fourth Industrial Revolution is reshaping the world of work. While policymakers in the West are struggling to respond, the task facing African governments appears even more daunting. In navigating the challenges and opportunities of the digital age, the continent’s policymakers must be willing to adapt and experiment.
Dear Readers,
The Ethiopian Business Review (EBR) is a new English business magazine. It will be published every two months by Champion Communications. We just started the magazine at a time Ethiopia is undergoing historic changes.
It is so saddening that Ethiopia lost Prime Minister Meles Zenawi, its present architect at this point of time. Meles lived and served the cause he believed in. That was worthwhile. Through the way, he has done many great things. Although his passing away at the age of 57 is so saddening, Meles has accomplished much that would keep his legacy alive. On behalf of our editorial team and myself, I would like to extend our deep grief. We wish his soul to rest in peace.
