Blog – Page 79 – Ethiopian Business Review

The timely completion and quality of delivered projects have been a source of pride for the ruling Prosperity Party members. One may not fall far from the truth for assuming that there are not many public appearances of the Prime Minister where he does not mention Entoto Park, Meskel Square, Friendship Park, the National Palace, and other such projects undertaken under his direct watch and without public participation. Of course, these projects have been completed in a timely manner with quality that has contented citizens who at the same time also raise questions of cost to value. However, that does not mean that this tradition has been reciprocated by other public officials and institutions that were given the task of executing projects. Addis Ababa is laden with developments stalled mid-construction and there is still a tradition of starting projects at the beginning of the rainy season knowing full-well the rains will halt work. Rampant corruption and inflation, as well as a struggling economy, pose further challenges to the completion of projects, writes EBR’s Eden Teshome.

Ethiopia is home to not just products that are typical to its various communities, but also in the specific way in which those products are made. Injera is made on the ‘mitad’, loosely translated as pan or griddle. Most cultural attire is also made in unique methods and steps. The handmade and distinctive features have garnered iconic status among Ethiopians, and global markets are slowly giving an eye. But now, there seems to be slowly shifting trends in the way these very Ethiopian foods and clothes are made. While there are new developments in automating injera-making using a machine, the printing of the ‘tilet’ has been quite common for some time now. Further, some other Ethiopian entities such as the Geez alphabet are also taking shape into modern brands, writes EBR’s Trualem Asmare.

The revamping of Meskel Square, turning an abandoned area into Friendship Square, decorating the corridors of main roads, and a new project to be undertaken along the city’s railway have all been done by the current administration to lift the face of the capital. A city that was once insulted by the late Libyan leader Moammar Ghaddafi for being too dirty to host the African Union, has been on a series of facelifting activities in the last couple of years. Beyond aesthetics, the projects also serve individuals, small businesses, and the city administration as a source of income. While these project sites are attracting more and more photoshoots offering beautiful backdrops to seize important moments in citizens’ lives, many fear they have classed out the majority of the city’s residents, writes EBR’s Trualem Asmare.

The Implications of the Beginning of Organizational Advocacy Service in Ethiopia

The provision of organizational advocacy services established as law firms has a long history. Guinness World Records notes that Thomson Snell & Passmore law firm, established in 1570 in the United Kingdom, is the oldest continuously operating law firm. Similarly, the first law firm in the United States was established 12 years after independence from Great Britain. Rawle & Henderson LLP, a law firm headquartered in Philadelphia, Pennsylvania, is the oldest law firm in continuous practice there. Established in 1783, the firm is one of the leading practices in admiralty and maritime law.

Central banks’ efforts to contain high and rising inflation are fueling growth headwinds and threatening to tip the global economy into recession. But the proximate cause of today’s inflationary pressures is a large, broad-based, and persistent imbalance between supply and demand. Higher interest rates will dampen demand, but supply-side measures must also play a large role in inflation-taming strategies.

Over the past year or so, the rollback of pandemic-containment policies has spurred a simultaneous surge in demand and contraction in supply. While this was to be expected, supply has proved surprisingly inelastic. In labor markets, for example, shortages have become the norm, leading to canceled flights, disrupted supply chains, restaurant closures, and challenges to health-care delivery.

The Addis Ababa School of Commerce (widely known as Commerce), which is now under the administration of Addis Ababa University, is located in the area locally known as ‘Senga Tera’. It was established in 1943 as a commercial school in Ethiopia. The area is becoming the business center of the city and the headquarters of most banks, insurances, and the National Bank of Ethiopia.

The establishment of the school was a major contribution to the business sector of Ethiopia, as the country was recovering from the five-year Italian invasion and occupation. It was a school designed to modernize the business sector and meet the knowledge and skills requirement of foreign companies coming to Ethiopia at the time. The importance of the school was of great importance as the establishment of many government offices and businesses at that time also increased the demand for modern office workers, office management and secretarial staff, as well as knowledgeable and skilled workers.

Ethio telecom

Photo Credit: Samuel Habtab

RedFox Solutions Group launched its data center, RedFox Modular Data Center (RFETH-MDC01), in the country’s ICT Park located in Addis Ababa with Adane Kassaye, CEO, stating that “our goal is to be a pre-eminent data center provider in the region. Redfox builds its data centers in phases; our first modular data center, which is now operational will be followed by our build-to-suite server farm.

Looking to find a solution to retailers’ difficulties of selling-out older products, Qinash mobile and web application that serves as an online discount mall has been developed by Ethiopians. Qinash provides a hybrid service where business owners promote and sell all kinds of discount offers and buyers know where to get the right deals. Instead of the poster on a shop’s window—only seen by people passing by—Qinash allows retail businesses to promote seasonal discounts and unique bundle offers to a much bigger market. In addition, Qinash delivers all sales made through its platform and provides a dashboard where sellers can keep track of their transactions. Qinash takes a 5 to 10Pct commission fee for the promotion, delivery, and tracking service it provides sellers.

Kadisco asianpaints factory inaugurated two showrooms to avail its products to customers in a lounge-type setting. Kadisco, which has been manufacturing paint products since 1968 was originally dealing with adhesive and automobile paints, going on to manufacture adhesive using Italian technology in 1979.

With more than 320 employees, the company operates three factories in the Kality Industrial Park.

Project Management Pride Not Whole Story

Business Touch to Typical Ethiopian Ideas

Beauty and the Business

New Law Firms in Town

The Supply-Side Fight against Inflation

Why Not Make Commerce Stand on its Own?

Ethio telecom’s commencement of the implementation of its newly developed Three-years LEAD Growth Strategy and presentation of its 2022/23 Annual Business Plan.

First Local Private Data Center Welcomes First Client

Qinash Discounts Via E-bikes

New Retail Style for Kadisco asianpaints