Blog – Page 127 – Ethiopian Business Review

New Trend in Present Day Ethiopia

Regional governments are waking up and responding to burning economic issues. Unlike the top-down economic command chain under the former centralized government, regions have started strategizing on how to tap into and benefit from the huge opportunities in the economy. To end this and in contrast to trends of the past decade, they have set up separate offices for international relations and have started dealing with neighboring countries and non-regional towns. While such practices are welcomed by those calling for the economic sovereignty of states, it is feared that this would further sour the relations between the central and regional governments. EBR’s Ashenafi Endale writes.

Contemporary dance is growing in Ethiopian cities and towns. Talented youth in relatively large numbers join the dancing world despite the absence of specialized institutions or training centers teaching the art. It is also becoming a source of income for youngsters, although the payment is not ‘commensurate’ with their efforts. EBR’s Kiya Ali explores.

Guided by the want to get fit and build body mass, many of Ethiopia’s urban youths are using unregulated, and possibly, illegal products to forward and quicken their dream. The government, on its part, seems to be oblivious to the fact or unwilling to take a deeper look. But the damages could be long-lived and thus need serious consideration. Though getting fit is an applauded endeavor, the shortcuts taken by youths to this end arise from both push and pull factors. EBR’s Abiy Wendifraw explores.

The miracle of South Korea is an earth breaking economic phenomenon witnessed over the past half-century. Before stepping into the miracle story of the Han River, we need to bow to the man who made the impossible possible, Park Chung Hee. This is the man who led the foundation of the miracle by seizing power through the orchestration of the May 16, 1961 military coup in Seoul. At that moment, Korea was one of the poorest countries globally by pure virtue of registering a per capita income of just USD79. In 1963, Park won the democratic election and extended his leadership for four election periods until he was assassinated 13 years later.

There have been notable recent strides in Ethiopia with regards to the political participation of women. A gender balanced cabinet as well as the appointment of the first woman president has shifted the narrative on political participation and presented a ‘new normal’ where young girls can now view high-level political positions as achievable. These are all noteworthy progresses that have resulted from the current administration and deserve applause. However, given that inequality in political spaces is systemically entrenched, the progressive strides require structural enablers for sustainable equality to take root in an institutionalized manner.

Ethiopia assures that it will continue participating in current the US-brokered Nile dam negotiations as long as it does not harm its national interest. The country affirmed that only negotiation can resolve the current deadlock over the dam, while explaining that dropping out of the US-brokered talks will not be beneficial.

This comes just three days after the country expressed its dismay over the statement of the US that cautioned Ethiopia to refrain from filling and testing its giant dam on Nile before reaching an agreement with Sudan and Egypt.

The government of Ethiopia, in a statement released today, affirms that it will commence first filling of Grand Ethiopian Renaissance Dam (GERD), in parallel with construction of the dam, without causing significant harm on Egypt and Sudan.

While expressing its dismay over yesterday’s statement of treasury department of the United States, The government explained that it does not accept the characterization that the negotiation on the guidelines and rules on the first filling and annual operation of the Grand Ethiopian Renaissance Dam is completed.

The United States of America cautions Ethiopia to refrain from filling and testing its giant dam on Nile before reaching an agreement with Sudan and Egypt.

The US Treasury Department, in its statement released yesterday after a meeting with ministers of Sudan and Egypt in the absence of Ethiopia, said final testing and filling of the dam should not take place without an agreement.

Egypt affirms its participation during the meeting in Washington scheduled to be held on February 27 and 28 in a bid to resolve disputes over the Grand Ethiopian Renaissance Dam (GERD), despite Ethiopia’s absence. This comes just two days after the government of Ethiopia announced that it is not going to take part in the ministerial meeting because of ‘unfinished consultation with national stakeholders.’

Ethiopian Airlines Group grossed an unaudited profit of ETB7.8 billion (USD260 million) during the first half of the current Ethiopian financial year, Public Enterprises Agency announced. The Airlines also registered revenues of ETB68 billion in the same period, the same source said.

Economic Sovereignty of States

New Trend in Present Day Ethiopia

Contemporary Dance Loosening Up the Shackles

Body Bulking, But Health Minimizing

Mirroring South Korea in Reference to Ethiopia

What do Global Trends Portray for Ethiopia’s Upcoming Elections?

Ethiopia Committed to Participate in US-brokered Dam Negotiation Amid Heightened Tensions

First Filling of GERD Will Commence in Parallel with its Construction: Ethiopia’s Government

Filling of Grand Ethiopian Dam Shouldn’t Begin Without Agreement: USA

Egypt to Participate GERD meeting in Washington despite Ethiopia’s Pullout

Ethiopian Airlines Posts USD260 million Profit in Six Months