Ethiopian Business Review

"Chinese Companies do not Abuse Employees"

Friday, 15 February 2019 06:00 Published in Focus

John Snow, 43, is the General Manager of J&S Metals, the only company in Ethiopia that produces steel roofing nails. J&S Metals exported steel nails to Ethiopia from China for ten years before it established a factory on the outskirts of Addis Ababa five years ago. The company, which currently employees 130 people, produces roof nails. Snow sat down with EBR’s Ashenafi Endale to reflect on the challenges manufacturers are facing particularly in relation with the labour force.

Alemayehu Tadesse

Friday, 15 February 2019 03:00 Published in Art & Life

Reflecting on Drama

Alemayehu Tadesse is one of Ethiopia’s most accomplished actors and playwright. Having worked in television, film and theatre, as well as being a producer and writer, Alemayehu has seen the ups and downs of Ethiopia’s arts scene for two decades. Through his involvement in plays like Babylon beSalon, and radio stories like Efoyta, Alemayehu has become one of the most popular actors and producers in the country. In addition, as one of the members of the committee that reviews new plays submitted to the National Theatre, he is well positioned to reflect on the development of the dramatic arts in Ethiopia. EBR’s Menna Asrat spoke with him about the roadblocks dramatic arts is facing and what the future holds for Ethiopia’s acting industry.

The Glamorous Modelling Profession

Friday, 15 February 2019 03:00 Published in Art & Life

Modelling has been an established career in much of the world for a long time. Involved in advertising, runway shows, and everything in between, models have cultivated a reputation as being well paid and respected in many parts of the world. However, in Ethiopia, modelling was not seen as a career with a future, as was the case with many creative careers. In fact, it is only within the past decade or so that modelling has started to come into the mainstream, with televised competitions, and schools dedicated to the subject. EBR’s Menna Asrat spoke with industry insiders to understand how modelling is developing.

Belayneh Densamo

Friday, 15 February 2019 03:00 Published in Sport Biz

The Celebrated Marathon Runner

Born in 1965, Belayneh Densamo is one of Ethiopia‘s legendary 

marathon runners. Although he won many tournaments since his first international marathon in Japan in 1986, none of them compare to Belayneh’s victory in Rotterdam in 1988, where he broke the world record with a finishing time of 2:06.50. Belayneh held this world record for 10 years, the third longest span without the record being broken since the event was organized at the 1896 Olympics. EBR Adjunct Writer Abiy Wondifraw spoke with him about his victory in Rotterdam in 1988 and his disappointment about not running in the 1988 Seoul Olympic Games.

The Mounting Illicit Capital Out Flows From Ethiopia

Friday, 15 February 2019 03:00 Published in Topic

Illicit financial flows (IFFs) have become a major concern globally, especially in recent years. Ethiopia is not an exception in this regard. The country loses between USD1.3 billion and USD3.2 billion annually in the form of IFFs. This figure accounts for up to 29Pct of the country’s total international trade or 97Pct of the total aid inflows. There are a variety of reasons for capital flight from Ethiopia, including political reasons, decline in economic stability or stricter capital regulation. However, the most prominent causes in Ethiopia are related to the informal sector, crime, trade mis-invoicing and tax evasion, as EBR’s Ashenafi Endale reports.

Fuelled partly by exchange rate depreciations and widening fiscal deficits, average inflation across Africa stood at 7.2Pct in 2017, increasing from 5.6Pct in 2016, according to the African Trade Report published by the African Export-Import Bank  in July 2018. However, there was wide variation across countries. For instance, inflation remained high in several economic giants such as Egypt, Nigeria and Angola. On the other hand, countries like Swaziland, Mali and Cameroon exhibited the lowest inflation rates in 2017.

“We Are Not Ready.”

Friday, 15 February 2019 03:00 Published in Interview

Addisu Habba, president of Debub Global Bank (DGB) is the current president of the Ethiopian Bankers’ Association (EBA). He was re-elected by the professional association of bankers in March 2018 to continue in the post for the next three years. Addisu, a married father of two, has had immense experience in the banking sector. He is a graduate of Economics from Addis Ababa University and holds Master’s degree in Banking and Finance from Italy. In the past, Addisu held several positions at the former Construction and Business Bank, including as a credit clerk and internal auditor, before rising to the post of President. He then became president at the Bank of Abyssinia and served for five years. Three years ago, he joined DGB, one of the later entrants into the banking sector. EBR’s Samson Berhane sat down with him to learn more about the challenges and successes of the industry, as well as the activities of EBA.

Hyundai is More Than A Brand

Friday, 15 February 2019 03:00 Published in Investment

With our Cars customers have Peace of Mind

Marathon Motors, established in 2009, is the leading importer of Hyundai brand cars into Ethiopia. Recently, after extensive talks and collaboration with Hyundai Korea, the importer opened a car assembly plant in the country with an investment of half a billion birr. The first cars rolled off the line in October 2018. Even though production has been relatively slow so far, the plant has a full production capacity of 36 cars a day. Hyundai and Marathon are making cars available to the Ethiopian market that have been specifically engineered for the country’s climate, altitude and driving conditions, without compromising safety features. However, Marathon’s journey to building the plant, and indeed the whole company, has not been an easy one. Their path has been dogged by issues of electricity provision, government support and foreign currency shortages, as have many businesses in the country. The Company’s founding CEO & Managing Director, Melkamu Assefa, discusses the decade journey of the company and the brand he represents.

The Spread of free to air Channels in Ethiopia

Friday, 15 February 2019 00:00 Published in Focus

These days, free-to-air satellite television channels are increasing in Ethiopia. Contrary to the picture five years ago when only a few government sponsored television channels were operational, 16 private limited companies have currently received licences to broadcast their programs. However, governmental policy, access to quality content and huge capital requirements are jeopardizing the survival of TV channels especially those that have recently joined the sector as EBR’s Kiya Ali reports.

Business Manipulation, Conspiracy

Friday, 15 February 2019 00:00 Published in Commentary

Corporate loyalty and discipline is an important part of doing business. This means business organizations and their personalities should behave in a responsible manner while doing their job. However due to different factors, there is a strong belief in the business world that ‘bad and good go together`.  Business manipulation and conspiracy motivated by the motive for lucrative profit and undue benefit are not uncommon in today’s globalized world where the business community is on the verge of revolution. The purpose my article therefore is to show how businesses may behave badly to conspire at the expense of the lawful business as well as the social and economic capital; and the possible factors thereof. 

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