Ethiopian Business Review – Page 39 – Ethiopian Business Review

In a late Sunday afternoon a couple of weeks ago, at Mesale Café, Bar, Restaurant and Lounge, a high-toned place around Bole Medhanealem in Addis Ababa, several people were watching a football game transmitted through the DSTV Super Sport channel. Emotions were high as the game transmitted live was between the defending champions Manchester United, a club that has huge fans in Ethiopia, and one of the strongest English Premier League (EPL) outfits Totenham Hotspur from the White Hart Lane. There were 15 LCD televisions at every corner and a big screen in the main lounge. Every seat including the hallway and the corners and even the inside of the balcony was full. Tables were overflowing with bottles of beers and soft drinks. A considerable number of men were also guzzling high alcoholic content liquors including whiskies.

How MSEs are Failing to Support the Manufacturing Sector

When his career hit a bump in the road a decade ago, Dagnachew Bayabill, 36, moved to Bahir Dar for a fresh start, andbrought with him, his ample experience in the shoe manufacturing industry. After settling in the capital of the Amhara regional state, he started making traditional sandals. Business was good due to the availability of cheap raw materials and lack of competition. Years later in 2007, when Dagnachew and his colleagues asked the city administration for a piece of land for their workshop, the administration suggested that they organize themselves as a micro and small enterprise. This resulted in the establishment of Edget Behibret Leather and Leather Products Enterprise, with a total capital of ETB18,000. Currently, the enterprise has more than ETB one million in capital, and employs more than 50 permanent workers; it has graduated to a “transitional level” that will enable it to join the medium manufacturing industry.

Taking Over the Services of Iddirs

Recording videos and taking photographs of a wedding ceremony is quite common, as passing time watching these videos and studying these pictures will give one the chance to remember the good times. Nowadays, people attach such videos and pictures on their facebook pages for others to see, giving those who did not attend a chance to view the festivities.

Ethiopia’s Bid to Host the 2021 African Cup of Nations

January 21st 1962 was the greatest day in Ethiopian football history. Ethiopia was able to win its first and last African Cup of Nations (AFCON), after beating United Arab Republic (Egypt) 4-2 in additional time, in one of the most entertaining games ever played in African football history. Ethiopian football legends like Mengistu Worku and Italo Vassalo quenched the trophy thirst of the spectators packed at the then Haile Selassie Stadium.

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.

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.

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.

Seeing Tadesse Mesfin’s painting – Kelem Kebiw [The Painter] at the age of 16 was a life changing experience for Henok Getachew. Since then, he was immersed in art. Born in 1976, Henok later on went to the Alle School of Fine Arts and Design and graduated with a certificate in General Art in 1997. Since then, Henok has painted dozens of paintings, mainly on the walls of new hotels and restaurants in town and worked for beverage companies as a sign painter. He started doubting his artistic acumen and whether he will be able to live off his promotional paintings when digital art and signage took over the pictorial advertisement business.

Rwanda, Uganda and Kenya agreed to begin issuance of a single tourist visa, aimed at easing and promoting tourism among the three states. The resolution to issue a single visa to tourists came after delegates from the three countries held a two-day long meeting in Kigali on August 1 and 2.

British oil and gas explorer, Tullow Oil has confirmed commercial viability of Kenya’s oil and announced that it will start negotiations with the Government on development and production.

Tullow, which has been prospecting with Africa Oil, another Canadian explorer, said that results of drilling, wire line logs and samples of reservoir fluid confirmed a new oil discovery with net pay of over 40 meters in the Auwerwer and Upper Lokhone targets.

Live Football Show: A Business Boomer for Restaurants, Others

Micro Indeed

How MSEs are Failing to Support the Manufacturing Sector

Funeral Homes

Taking Over the Services of Iddirs

Back to the Future

Ethiopia’s Bid to Host the 2021 African Cup of Nations

The Two Musketeers: Huawie, ZTE, their Scramble for Africa

The late Prime Minister Meles Zenawi

5.2 Billion

Cashin’ net Painting The Emerging Demand for Local Arts

Single Tourist Visa for Rwanda, Uganda, Kenya

Tullow Confirms Commercial Viability of Kenya’s Oil, to Start production Negotiations