Addis-Ababa-to-herald-Leather-Congress.jpg

Tirualem.aJuly 30, 20211min300

The fifth World Leather Congress and International Union of Leather Technologists and Chemists Society IULTCS is set to feature Skylight Hotel in Addis Ababa, from November 1 to 5, 2021. Ethiopia was picked for the event, after fulfilling various requirements among interested peer African countries. The annual episode was skipped in 2020, due to covid19.


Post-covid-Africa-Needs-60-million-Jobs-Annually-2.jpg

Ashenafi EndaleJune 29, 20211min2230

Africa needs to create 60 million jobs in post covid19, annually, in a bid to clear the backlogs, according to Vera Songwe, Executive Secretary of the Economic Commission for Africa (ECA). She stressed on Africa’s recovery during the ministerial meeting of Lamu Port-South Sudan-Ethiopia-Transport (LAPSSET), in Addis Ababa, where the three states signed agreement to form a steering committee.



Ethiopian Business ReviewJune 15, 20211min470

Frontier technologies are being used to provide services via digital platforms that have spurred the creation of a ‘gig economy’. Some of this work is locally based, but there is also ‘cloud work’ that can be performed anywhere via the Internet. Using, adopting, and adapting frontier technologies requires sufficient ICT infrastructure, especially since AI, IoT, big data, and blockchain are internet-based technologies.


Ethiopias-Thorny-Quest-for-Public-Investment-Finance-.jpg

Ashenafi EndaleJune 15, 20212min500

Ethiopia’s sources of finance are thinning, calling into question the sustainability of the large government-financed GDP expansion of the last fifteen years. The recent decision of the US to impose economic sanctions on Ethiopia has only worsened the situation of Ethiopia’s external financial sources, already crippled with high debts.

In a bid to maintain the 10Pct average annual growth, government needs to invest 37Pct of GDP—very difficult to fulfill from only tax and FDIs weakened by conflict and COVID-19. Even the highly expected telecom license sale did not garner expected amounts.

New investments are critical to maintain the pace of growth and fulfill the demands of a fast-growing population and fend off soaring inflation and unemployment. Finalizing the megaprojects of the past decade needs further investment and starting new ones seams dreamy. EBR’s Ashenafi Endale navigates alternative venues left for development financing.


Brook-Taye-PhD.jpg

Ashenafi EndaleJune 15, 20212min370

Brook Taye (PhD), Senior Economic Advisor to the Minister of Finance

Brook Taye (PhD) is part of the pragmatist team serving Ethiopia’s swift economic reform and privatization process with great zeal. After concluding his education in comparative law and economics and high growth firms in three European universities, he worked as a regulatory analyst for an equity firm in Miami and other companies.
He argues that the telecom privatization which garnered a lot of interest only ended up with two bidders mainly because they failed to fulfil the requirements. He in fact claims that only four of the 12 interested bidders fulfilled requirements. He also argues the shift from state-led growth to a private-led one is not the result of Western pressure to liberalize the economy but a dire necessity to revamp and create a sound economy. The following are excerpts from EBR’s time with him.


Golfs-Resurrection.jpg

Abiy WendifrawJune 15, 20211min430

Though birthed during the period of Ethiopia’s last emperor, the sport of golf was dealt an almost deadly blow ensuing the revolution as it was classified as bourgeoise. Slowly resuscitating for the past three decades, the infant sport is looking for a revival in these new-normal pandemic and post-pandemic times. It is being courted not only for its mental and physical health benefits, but also as a medicine for the economy through sport tourism. Two recent tournaments have given energy to the sport and its backers and believers. EBR’s Abiy Wendifraw takes a swing at the sport and its potential.


Noahs-Ark-of-Art.jpg

Samuel HabtabJune 15, 20211min520

In less than half a century, traditional arts which were the core of the fabric of Addis Ababans, shied away as the capital was flooded by Western cultures and negative governmental pressure. However, few like Fendika Cultural Center, surfed against the odds and have managed to become a museum of traditional art in the center of fast-urbanizing Addis Ababa. Fendika is a repository of genuine traditional music, art, poetry, books, and handicrafts. It is also a hub for tourism and enjoyment, for both foreigners and ethnographic enthusiasts.

Melaku Belay is Founder, Owner, and Manager of Fendika. He is also an acclaimed Dancer, Choreographer, and Founding President of the Ethiopian Dance Association. He made traditional art as strong as gravity in attracting audiences. He is planning on expanding his establishment even further. EBR’s Samuel Habtab visited Fendika and chatted with Melaku and traditional art enthusiasts.



Abdulmenan MohammedJune 15, 20211min390

Over the past few decades, financial inclusion has remained among the top global agendas. In 2011, public institutions in 40 countries signed the Maya Declaration of Alliance for Financial Inclusion aimed at broader access to financial services at lower costs. Similarly, the World Bank began publishing comprehensive reports on financial inclusion in 2011. Ethiopia developed “The National Financial Inclusion Strategy” in 2017, containing several targets.



About us

Ethiopian Business Review is first class and high quality monthly business magazine.


CONTACT US

CALL US ANYTIME



Newsletter





This site is protected by wp-copyrightpro.com