In an announcement made at the Startup Ethiopia event, Ethiopia’s startup landscape is poised for a revolutionary transformation. A series of progressive legal reforms were unveiled, signaling a new era of growth and innovation for the country’s entrepreneurial ecosystem.
The reforms announced at the event are expected to empower aspiring entrepreneurs and pave the way for economic progress.
Arecent analysis of cost of living data by Numbeo, a renowned data and research platform, paints a concerning picture for major African cities. The report reveals the intense pressures countries across the continent face due to a surge in living expenses. Addis Ababa, Ethiopia’s central city, emerges as the most expensive city, followed by others like Harare, Johannesburg, and Cape Town.
Cooperative Bank of Oromia (Coopbank) signed a subscription agreement with the Ethiopian Securities Exchange (ESX) to acquire shares valued at ETB 60 million.
During the signing ceremony held at Cooperative Bank’s Head Office, Mr. Liko Tolesa, Coopbank’s VP of Human Capital and Project Management, emphasized the crucial role of ESX in securing additional financing and nurturing investment opportunities within the nation. He affirmed that the decision to acquire ETB 60 million worth of shares perfectly aligns with Coopbank’s commitment to fostering economic development and prosperity.
The modern workplace, characterized by relentless demands, extended hours, and constant connectivity, is fertile ground for a sinister foe: burnout. This insidious psychosocial affliction transcends specific professions, plaguing individuals across a broad spectrum of fields. Its consequences are far-reaching, impacting not just individual performance and job satisfaction but also physical and mental health, relationships, and overall quality of life.
Burnout’s tentacles reach far and wide, manifesting in impaired job performance, absenteeism, and even presenteeism (working while unproductive). The toll on physical health is equally problematic, with research linking burnout to hypertension, heart disease, and other medical complications.
A State under International Law
States are significant subjects of international law and actors in international relations. Under international law, a state is a legal and political entity with some characteristics. What constitutes a state under international law is defined by the Montevideo Convention. The convention outlines a permanent population, defined territory, government, and the capacity to enter into relations with other states as the definition of a state. The concept of statehood is a fundamental principle in international law, as it establishes the rights and obligations of states in their interactions with one another. Hence, an entity must meet the above criteria to be recognized as a state.
In the burgeoning landscape of Ethiopian cinema, filmmakers like Haymanot Girmay and Moges Asrat are reshaping the industry’s narrative on YouTube. Girmay, a newcomer, invested her passion and resources into her debut film “Honelgn,” delving into societal issues with a personal touch. Meanwhile, Asrat, a seasoned figure, emphasizes the delicate balance between art and profit, learning from his early challenges. Yet, Ermias Hailemichael, a stalwart in the field, expresses concern over YouTube’s impact, citing potential quality compromises and profit-centric motives. As the debate unfolds, these filmmakers highlight the need for industry criteria, fair compensation, and more significant investment to elevate Ethiopian cinema on local and global platforms. The future, they assert, lies in fostering quality content and incentivizing long-term success over short-lived gains, writes Addisu Deresse.
In today’s digital age, acts of charity and giving to the less fortunate have become increasingly intertwined with social media and online platforms. While sharing such acts can raise awareness and inspire others to contribute, reflecting on the potential consequences for the recipients involved is essential. EBR’s Eden Teshome explores the social impact of giving to the less fortunate and the ethical considerations surrounding the exposure and filming of needy individuals.
The most bizarre aspect of the Ethiopian economy is the constant surge in the prices of properties, particularly in Addis Ababa and other major towns. The fast price growth trajectory, which started almost two decades ago, has increased momentum in recent years.
In a properly functioning property market, housing price trends are anchored to some economic fundamentals such as real income and rental value. Defying these economic fundamentals, the price of houses, particularly in the capital, has been soaring to an alarming level, though there is a recent change in the dynamics. Surprisingly, the rent increase is far behind the growth in property value, considerably squeezing the yield (rent/property value). This situation indicates that something serious has gone wrong in the market that calls for policy intervention.
The victory at Adwa is a significant achievement that represents Ethiopian unity. However, the virtues that historic battle — unity, freedom, equality and justice — seem to be eroding. Guzo Adwa, a movement that started in 2013, aims to bring a unique way to commemorate the sacrifice paid for freedom by our brave forefathers as they set out to defend their motherland from the yok of colonial aggression, is trying to reinvigorate the Ethiopian public through an annual journey to the battle site. EBR reprints an updated version of content published in edition 58 by an adjunct writer, Meseret Mamo, who explored how the annual service inspires Ethiopian youth to learn from the heroes of Adwa.
Coopbank Bank of Oromia, a provider of digital financial solutions, has entered into a strategic partnership with Visa, a global digital payment solutions, with the aim of transforming the digital payment landscape in Ethiopia. This collaboration is said will introduce Visa-branded cards for multiple products, offering tailored solutions to meet the diverse needs of Coopbank’s customer base. Additionally, the partnership will lend support to the Ethiopian government’s National ID Project, a pioneering initiative that seeks to integrate digital identification systems with payments.
Eden Teshome
Ethiopian Business Review
Dr. Brook Genene
Shimelash Wondale
Abdulmenan Mohammed Hamza (PhD)