Ethiopian Business Review

Adama Industrial

Friday, 16 November 2018 21:00 Published in News

In a bid to industrialize its economy, Ethiopia has embarked on the development of Industrial Parks (IPs) in recent years. The first phase of the Adama Industrial Park, which was inaugurated a couple of months ago, is a testament to the path the country has chosen. 

Uphill Climb

Friday, 16 November 2018 18:00 Published in Topic

Fight Against Illegal Currency Trading 

Over the recent months, the government has undertaken several measures to wipe out the parallel exchange market. But none of the measures were effective in arresting the spread of black market transactions. The first step was spreading a false rumor that the government would adjust the exchange rate. In doing so, it managed to temporarily weaken the black market and narrow the gap between it, and the official exchange market to as low as five cents. This was short-lived though. Black market players, who saw that the government did not keep its word, started raising the exchange rates again. Frustrated by their actions, the government, in an unprecedented move, shut down businesses engaged in the informal exchange market. But that also didn’t work, as the gap between the parallel and official market widened by almost eight birr. EBR’s Samson Berhane investigates. 

Top 10 Happiest Countries in Sub-Saharan Africa 2018

Friday, 16 November 2018 15:00 Published in Statistics

Finland has taken the top spot as the happiest country in the world, according to the World Happiness Report 2018, which ranked 156 countries by their happiness levels, and 117 countries by the happiness of their immigrants.

Industrial Parks

Friday, 16 November 2018 12:00 Published in Investment

Shortcut to Industrialisation? 

The recent unveiling of the industrial park in Adama was just the latest in Ethiopia’s bid to open an industrial park in every region. The plan for industrial parks has always been to attract foreign investment into the country, and thereby start Ethiopia on the road towards industrialization, and eventually to middle-income status. However, many experts warn that the problem of industrializing the country reaches further than just providing a place with reliable electricity and infrastructure. In the face of nearly overwhelming optimism about industrial parks, some still have reservations, as EBR’s Ashenafi Endale reports.

Ethnicity Trap

Friday, 16 November 2018 12:00 Published in Focus

Can Ethiopia Break Free?

With the escalation of violence resulting in the death and displacement of millions of people, the humanitarian situation in Ethiopia has deteriorated over the past six months. The number of internally displaced people in the country, which started to increase last December, reached an historic peak in April 2018. Many attribute the problem to the ethnic based politics that the country has been pursuing since 1991. Since then, politicians have especially been using ethnicity as an instrument to advance wide ranging political and economic interests. EBR’s Samson Berhane explores.

Currently, Ethiopia is striving to construct 30 industrial parks in the next two years, as shortcut to cope with late industrialization. However, Birhanu Gizaw (PhD), who has been an industrial engineer both in the academic and private sector for 30 years, the last 15 of which he has spent in Germany, boldly argues that Ethiopia needs to revise its industrialization policy. He argues industrialization is about a fundamental change in mentality, and manufacturing products and technology that simplify the life of each and every citizen, rural and urban alike.  Currently, he is developing a technology park in collaboration with Jimma University, the first of its kind. In addition he is a lecturer at the Addis Ababa institute of Technology, and is chairperson for the Society of Electrical Engineers.  He recently sat down with EBR’s Ashenafi Endale to discuss the country’s industrial efforts. The following is an excerpt:

Danger Behind Every sip

Friday, 16 November 2018 09:00 Published in Focus

How Safe is Bottled water? 

In the past decade, the bottled and mineral water industry has registered enormous growth. From less than 10 a decade ago, the number of companies in the industry has grown now to 70. However, even more operators who bottle water without licenses are filling the market, exposing consumers to health related risks. EBR’s Ashenafi Endale reports.

Face-To-Face Marketing

Friday, 16 November 2018 06:00 Published in Investment

Can it help commercial banks mobilize more deposits?

Commercial banks in Ethiopia are currently engaged in ever-more stiff competition to mobilize deposits. Most notably, almost all of the banks have begun to use face to face marketing to gain the attention of new customers. It is now not unusual to see tellers from various commercial banks pleading with people in streets, cafes and other public places to open bank accounts at their respective branches. Experts argue that such methods of deposit mobilization are not effective or sustainable, and criticize banks for not coming up with products and services for the unbanked population, as EBR’s Samson Berhane writes.

Senait Bogale

Friday, 16 November 2018 06:00 Published in Sport Biz

Success in the Face of Stereo Types

Just two months ago, Senait Bogale was crowned the Ethiopian Broadcasting Corporation Sports Personality of the Year in the female footballers’ category. Inspired by her siblings, four of whom are professional footballer players, Senait’s journey to success began at the age of 13 when she entered a local football training project where only boys were welcome. It did not take long for her to win the hearts of recruiters and win the Women’s Premier League title and other trophies with Dedebit Football Club. She was also part of the U20 national team in 2016. EBR Adjunct Writer Abiy Wendifraw sat down with the 20 year-old footballer to learn about her journey and future hope.

Bruktawit Tigabu

Friday, 16 November 2018 06:00 Published in Art & Life

The Entrepreneur Behind the Educational TV Show for kids

Bruktawit Tigabu is the mastermind behind one of the most popular television shows in Ethiopia- Tsehay Loves Learning- which is estimated to reach up to five million children every week. The gaps in the country’s early childhood education system prompted her to establish Whiz Kids Workshops, a social business that produces Tsehay Loves Learning and other educational materials. Bruktawit is also among the few social entrepreneurs in Ethiopia. EBR’s Menna Asrat sat down with her to learn what makes the 37 years old tick. 

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