Ethiopian Business Review

Pirates of Addis

Saturday, 15 December 2018 03:00 Published in Focus

Street vending has become a part of everyday life in Addis. On almost every major pedestrian road, there are many young people displaying their wares, from electronics, to shoes, and calling out to city residents to visit them. While these products are cheap and convenient for many, street vending is becoming the gathering place for unemployed youth who move to the cities looking for new opportunities. At the same time, the sourcing of the products is feeding into the problem the country is experiencing with contraband, as many of the items sold on the streets are illegally smuggled into the country. Addressing these issues is a big part of the city administration’s agenda, as EBR’s Ashenafi Endale reports. 

Khat

Saturday, 15 December 2018 03:00 Published in Focus

Cursed Business, Blessed Money

Khat has become one of Ethiopia’s most lucrative exports, recently surpassing even coffee. However, the impact of Khat becoming more profitable is that farmers are starting to steer away from traditional staple crops in favor of growing it. Even so, the government still doesn’t have a cohesive strategy or supports to ensure that the country is getting the greatest possible benefits, as EBR’s Ashenafi Endale explores.

A consultant and attorney at law, Tadesse Kiros has had decades of experience in a wide range of legal expertise such as taxes, mergers and acquisitions, and energy as well as infrastructure finance, among others. Tadesse served as deputy chief justice of the Supreme Court of Ethiopia under the Transitional Government of Ethiopia. Prior to that he served as a member of the Legal Committee formed under the Office of the President of the Transitional Government between 1991 and 1992. He later established the Tadesse Kiros Law Office, one of the most successful de-facto law firms in the country, and a leading service provider, both in coverage and organizational capability. 

Tadesse believes that his office would have been even more effective had the government allowed lawyers to be organized into law firms. His efforts, as well as the efforts of other lawyers, to persuade the government to provide the necessary legal framework for the establishment of law firms has borne no fruit so far, but he is optimistic that Prime Minister Abiy Ahmed’s administration will address the issue as a matter of urgency. EBR’s Samson Berhane sat down with him to discuss the challenges facing the legal sector and recent reforms made by the government. 

Trend Setting in Business

Saturday, 15 December 2018 03:00 Published in View Point

Businesspeople are in business to see the change they want to bring to the world. They know what you want to achieve and walked some steps to achieve that. Two things might happen. Their business might get attention and a lot of customers may love it and adopt it very fast. It is also possible that, despite all the efforts and endeavors, they are nowhere close to their goal. There is nothing pleasing than seeing your products or services being appreciated and gain traction. The products we got from Microsoft, Apple and Google, Facebook are examples of this. They succeeded in being the mainstream of hardware, software, search engine and social media. They set the trend of their business. 

Top 10 African Countries with High External Reserves 2017

Saturday, 15 December 2018 00:00 Published in Statistics

In 2017, the reserves of many African countries showed increases due to better commodity prices. In particular, increased oil and export earnings helped reverse the downward trend in Africa’s reserve position in 2016. Africa’s external reserves declined by 9.4Pct in 2016 to USD396.63 billion, while in 2017 it showed a 6.3Pct increase reaching USD421.53 billion. 

Ethiopia's Neglected Sports

Saturday, 15 December 2018 00:00 Published in Sport Biz

Cultural games have been played for many years in Ethiopia. They have been passed on from generation to generation. While some sports are more indigenous played in one area or community others have a nationwide coverage. Although their benefits are immense, traditional sports still have little attention in Ethiopia as EBR Adjunct Writer Abiy Wondifraw reports. 

ICE Cream Delight

Saturday, 15 December 2018 00:00 Published in Focus

Addis Ababa has long been a friendly place for more dessert minded people. With cafes and bakeries on almost every corner catering to all kinds of tastes, sweets are a cherished part of everyday life. However, in the last few years, ice cream, an afterthought in cafes and relegates to the status of children’s treat, has started to make a comeback. With higher standards for quality, and more variety in flavour, ice cream has started to come back into the consciousness of city residents who have fond memories of it from their childhoods. New shops, dedicated solely to ice cream, have started to spread across the city, as EBR’s Menna Asrat reports.

Maintenance Skills Gaps Add to Construction Burden

Saturday, 15 December 2018 00:00 Published in Investment

Until recently, the construction sector has been instrumental in catapulting the nation to higher levels of development. The sector has been catalyzing the burgeoning of all the economic sub sectors such as modern agriculture and manufacturing. However, the construction sector is slowing down nowadays due to various factors such as political unrest and shortages of construction machineries as well as scarcity of finance and hard currency. On top of this, the sector is now confronting another hurdle: shortage of skilled manpower available to handle the maintenance and repair of construction machineries, as EBR’s Ashenafi Endale explores.

The New Normal

Saturday, 15 December 2018 00:00 Published in Society

Ethiopia's Flirtation With Hard Drugs 

Issues with drug abuse are not new to developing countries. Often affecting the poorest and youngest members of society, hard drugs are starting to become a risk to public health. In Ethiopia, hard drug use was almost unheard of until the past few years. Nowadays, it is more common to see young teenagers on the street drinking or abusing solvents out in the open. However, the ‘traditional’ drugs such as khat and alcohol are not the only substances being abused by young people anymore. Foreign drugs, such as cocaine and ketamine are becoming more widely consumed, especially amongst young people. EBR’s Menna Asrat reports

Ethiopian Renaissance End of the Road in Sight?

Saturday, 15 December 2018 00:00 Published in Commentary

Not much is being said about the ‘Renaissance Movements’ in the world today, especially in Western Europe where the movement was born. However, the story of the Ethiopian Renaissance Movement currently seems to stretch either too long or is on the verge of sudden death. A number of authors have defined the renaissance movement as a bridge between the middle ages and modern history. However, in Ethiopia’s case, it seems to assume a reverse meaning.

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