Ethiopian Business Review

Addisu Menegesha, 29, posed for a photo infront of a white board at Esmile Internet Café in Autobis Tera district of the capital, Addis Ababa.

Addisu was having his picture taken for an electronic form to enter a United States Government run visa lottery program. In this lottery program, commonly known as Diversity Visas (DV), people worldwide enter their applications online. US officials say a computer-generated, random lottery drawing picks the winners.

Wednesday, 20 February 2013 09:38
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Addis Ababa concluded celebrating its 125th founding anniversary recently. Though the city managed to become the permanent diplomatic hub of Africa in the second half of the 20th century, it is far from becoming the economic and cultural center of the continent. It seems that the city has missed the essential ingredient its name carries which literally translates to being a fresh flower. Such a connotation alludes to neatness, being livable in terms of social and economic infrastructure like schooling, health, water and sanitation, electricity, housing, and transport facilities. The development of the city is not up to its history writes Mango B., Ethiopian Business Review Special Contributor, though it is on fast track to catch up with its peers in the developed world.

Monday, 18 February 2013 07:57
Published in Economy & Finance
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  • Surpassed last year’s earning by 14 per cent
  • Earning shows 69.14 per cent of the plan
  • The gap between plan and accomplishment alarms realizing GTP

The direct relationship between export and country’s economic growth is apparent. Economists also insist that if export figures (quantity or earning) fluctuate year after year, uncertainties will emerge in the economy. In turn, these uncertainties build unfavourable pressure on investment. These might, in the end, have negative repercussions on overall growth. Balance of payment crisis also turns out to be the other effect.

For economists or others with related professional background, the accomplishment of the Ethiopian 2011/12 export does not seem to make them say wow; perhaps it would ignite several questions.

Wednesday, 21 November 2012 07:35
Published in Economy & Finance
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Last modified on Friday, 21 December 2012 07:47

Ethiopian Revenues and Custom Authority (ERCA) is planning training of more than 1200 logistic operators in November, 2012 Ethiopian Business Review learned. Applicants have paid 6528.84 birr each to receive training. Upon completion, the trainees will receive certificate of competence which will make them eligible to get license for transit and logistics services.

The authority set the new training after considering repeated request by importers and exporters.

Thursday, 15 November 2012 14:26
Published in Revenue & Custom
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Ethiopia’s Major Tax Revenue Sources in 2011/12

Ethiopia’s Major Tax Revenue Sources in 2011/12
Source:ERCA
Illustration by EBR

Thursday, 01 November 2012 11:45
Published in Revenue & Custom
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In mid February 2010, Ministry of Finance and Economic Development (MoFED) representatives attended a workshop in Mombasa, Kenya. The Workshop was about Integrated Financial Management Information System (IFMIS), which MoFED had planned months earlier.

IFMIS, which is expected to raise efficiency, effectiveness and transparency in financial sector has “successfully” finished its pilot phase, after two years. The pilot project, which consumed USD 19 million, had been running under close supervision of MoFED. Since last September, the project has been moving to implement the system in selected ministries, federal agencies and regional bureaus.

Thursday, 01 November 2012 11:11
Published in Economy & Finance
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Ethiopian Airlines will extend the Addis Ababa - Bangkok route to Kuala Lumpur on October 31, 2012 with a frequency of three flights per week, the airline said in an email response to Ethiopian Business Review. The airline has also postponed the launching of flight to Sao Paulo, Brazil from its original schedule in December 2012 to March 2013. Ethiopian needs to finalize formalities with the Civil Aviation Authority of Brazil to get regular landing permission at Latin America’s busiest city.

Ethiopian Airlines will be the second African Airline to operate flights to both destinations after South African Airways.

Thursday, 01 November 2012 09:19
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Awash International Bank (AIB) has set a new organisational structure throughout its head and branch offices. The structure integrates job descriptions and specifications, job grades and titles, salary scale and benefits packages, Ethiopian Business Review learned. The bank has also started grading branches into four classes.

Thursday, 01 November 2012 07:35
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  • UNDP, EU and Other Development Partners Sponsor MoFED

For fast growing economies like Ethiopia, economic forecasting is very crucial. Making strategic decisions with uncertainties means that nations are frequently in need of forecasts. This effort can be put into practice at the macro level for country’s GDP, inflation, unemployment or fiscal deficit. It can also be applied at the micro level for specific sectors in the economy or even specific firms. But doing this is not as such an easy task, especially, in developing countries. The lack of analytic forecasting experts of their own, forces least developed countries to rely on global institutions such as the World Bank and International Monetary Fund (IMF).

Thursday, 01 November 2012 06:23
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