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Recent media outlets in Ethiopia and beyond are talking about the possibility of an oil discovery in Ethiopia; the populace is following the story with great interest. As a child it was always my wish for Ethiopia to get oil – perhaps disgusted by the rampant poverty that I witnessed. Now, I think twice about it and tend to think maybe it is not a nice thing after all.  Why? Here is my perspective!

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Consider the first impression in businesses like your first love-you rarely forget them. And most of the time it boils down to simple,  yet very important gestures. Business cards are at the pinnacle of this first impression because that is the first personification of you and your company.

Knowing how to properly mingle and connect with people is an important part of the professional presence and business etiquette. Business card is about business networking and making connections. Some of the worst mistakes at networking events happen to people that don’t understand how to use their business cards.



Even in good financial times, development aid budgets are hardly overflowing. Government leaders and donors must make hard decisions about where to focus their limited resources. How do you decide which countries should get low-cost loans or cheaper vaccines, and which can afford to fund their own development programs?

The answer depends, in part, on how we measure growth and improvements in people’s lives. Traditionally, one of the guiding factors has been per capita GDP – the value of goods and services produced by a country in a year divided by the country’s population. Yet GDP may be an inaccurate indicator in the poorest countries, which is a concern not only for policymakers or people like me who read lots of World Bank reports, but also for anyone who wants to use statistics to make the case for helping the world’s poorest people.


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Investment is a vital engine for economic growth and socio economic transformation. It is one of the main considerations for policy makers, whenever economic development is formulated. Investment incentives to be accorded and the details of the laws and regulations governing the application of the investment policy may vary, depending on the time and circumstance or prevailing socio economic dynamics. The same is true for our investment laws including the latest one: investment proclamation number 769 /2012 and regulation number 270/2012.


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Africa’s share of the global Foreign Direct Investment (FDI) flow is extremely low. Despite the fact that it evolved from an annual inflow of USD two billion in 1983-1987 to USD 55 billion in 2011, it represented a mere four pct of the global FDI and about 10 pct of FDI flow to the developing countries in 2010-2011. There is also a significant variation across regions and countries in Africa. Nigeria, Egypt, Morocco, Tunisia, South Africa, Algeria, Angola, Ghana and Cote d’Ivoire, accounting for a hefty two thirds of the FDI flow to Africa.

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Recent economic development in Africa witnessed impressive economic growth on the continent, averaging above five percent per annum over the last five years. This growth is primarily propelled by accelerating natural resources exports. This places much of the future of Africa’s economic rebound in the fate of mineral rich economies. That may be something of a worry for the sustainability of Africa’s recent growth and economic transformation in the continent.


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While celebrating the 50th anniversary of the OAU/AU (Organization for African Unity/African Union), it is imperative to critically examine the actual efforts exerted by member states in establishing and maintaining the continental body. What has come to pass in the history of the organization truly reflects the extent and level of commitment of African statesmen. Whatever credit is accorded to personalities or governments, or whatever criticisms are directed against these parties, in a way it represents the actual nature of the joint forum Africans have created. In this regard, the process of creating and maintaining the OAU/AU represents the reality on the ground and demonstrates what Africans have managed to accomplish. Here a brief attempt is made to assess Ethiopia’s role in all this.


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The Golden Jubilee celebration of an institution like the Organization of African Unity (OAU) and later on the African Union (AU) is special event. For Africans and non-African partners, it has a greater public importance. It offers an occasion for celebration, but also a unique opportunity for critical introspection and collective reflection on the journey of Africa in the past half century. More crucially, such an opportunity needs to be seized to set a clear vision for Africa, craft a common and widely shared mission to realize this vision and mobilize the necessary commitment and resources to implement it.




Ethiopian Business Review | EBR is a first-class and high-quality monthly business magazine offering enlightenment to readers and a platform for partners.



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