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As large amounts of capital flow into climate-change mitigation and adaptation, policymakers are increasingly recognizing the crucial role of investment in fueling a new wave of technological innovation. Recent trends suggest that the emerging green sector could be the key to addressing Africa’s long-term growth challenges.

As South Africa takes the helm of the G20, the continent’s potential for a green revolution is gaining global attention. With abundant renewable energy and a growing young population, Africa can lead the way in sustainable development. However, overcoming challenges like low investment and high debt is crucial. The G20 must prioritize Africa’s green transformation to unlock its vast potential and contribute to a more sustainable global future.


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By 2035, Africa’s top 100 cities, each with populations exceeding one million, are expected to contribute over 60% of the continent’s GDP. Rapid urbanization will foster more dynamic consumer markets and sophisticated commercial hubs, enhancing industrial production and trade networks. While major urban centres like Cairo, Lagos, and Johannesburg will continue to dominate economically, emerging cities such as Kinshasa, Dar es Salaam, and Addis Ababa will likely experience significant growth driven by infrastructure development and urbanization. The Economist predicts that Addis Ababa will achieve an impressive GDP growth rate of 10.6%, the fastest among the ranked cities. This growth is primarily attributed to the city’s ongoing urban transformation and modernization projects, which are crucial for attracting foreign direct investment and positioning Addis Ababa as a regional hub for multinational corporations and international financial institutions. Ethiopian Airlines, one of Africa’s largest airlines, further solidifies the city’s role as a corporate and MICE tourism destination.



A Dangerous Gamble for Horn of Africa Stability

U’s decision to include Egypt in the African Union (AU) Peace and Security Council to include Egypt as a contributing country to the AU Support and Stabilization Mission in Somalia (AUSSOM), given the current tensions in the Horn of Africa, is a risky gamble. The region is already on edge due to the Ethiopia due to the Grand Ethiopian Renaissance Dam (GERD) dispute, Ethiopia’s agreement with Somaliland, and Somalia’s growing forcefulness. Egypt’s involvement could further escalate these tensions and destabilise the entire region.



Reforming Leadership Criteria in Ethiopia’s Insurance Sector

This analysis is penned sincerely to support the Ethiopian insurance sector, particularly in light of the existing deficiencies and the absence of a comprehensive policy and legislative framework for leadership development. This framework is essential for establishing and enforcing appropriate, non-discriminatory fit and proper criteria for selecting and appointing key personnel in leadership roles, even when compared to standards set by other financial institutions in Ethiopia.



Why Some Nations Lose & Others Gain

An Exploration of Development Dynamics

Stefan Dercon’s “Gambling on Development” offers a refreshing perspective on why some nations prosper while others remain impoverished. Drawing on his extensive experience as a development economist, Dercon argues that the key to understanding development lies in the intricate interplay between political elites and the broader societal context.


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The Story of Michael Belayneh

Michael Belayneh, a celebrated Ethiopian singer born in Addis Ababa, has captivated audiences with his soulful melodies and positive lyrics. His musical journey began at Yared Music School, where he honed his talents before joining Medina Band and launching a successful solo career with his debut album, Ante Godana, in 2005. Known for blending traditional and contemporary styles, Michael’s work reflects a deep emotional connection with his audience. His later albums, including Nafkot Ena Fikir, have garnered critical acclaim, showcasing his ability to evoke nostalgia and love through music. As he embraces the evolving landscape of the music industry, Michael remains committed to creating art that resonates deeply, inspiring a new generation of listeners while celebrating the rich cultural heritage of Ethiopia.

EBR’s Mesfin Feleke sat for an exclusive interview with the singer, delving into his artistic journey and insights, as the signer’s latest album, “And Qal”, [One Word], rocks the music industry by storm.


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The past year in Ethiopia has been a rollercoaster for the real estate sector, marked by significant challenges and opportunities. The credit cap imposed by the Central Bank and the introduction of a floating exchange rate have significantly disrupted the market, impacting the buying power and investment decisions of stakeholders. On the other hand, the government’s plan to open the sector and allow foreigners to own properties has introduced new possibilities. Despite these challenges, the industry has not only weathered the storm but also shown remarkable resilience and adaptability. Innovative strategies from developers and a growing focus on foreign investment offer hope for a more prosperous future.


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Franco Valuta & the Path to Market Liberalisation

Ethiopia’s recent liberalisation of its foreign exchange regime has significantly changed its economic landscape. One of the most notable developments is the expanded use of Franco Valuta imports.

This scheme, which allows importers to settle their obligations with foreign currency outside the domestic banking system, has been controversial. While it offers businesses greater flexibility and potentially relieves pressure on the central bank’s foreign exchange reserves, concerns remain about its potential impact on inflation, parallel exchange markets, and illicit financial flows, reports EBR’s Munir Shemsu.


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Ethiopia’s Economic Dilemma

Addis Ababa’s ambitious beautification projects have undeniably transformed the city, creating a more visually appealing urban landscape. Yet, these aesthetic improvements raise critical questions about their economic feasibility and impact on the city’s residents.

While the gardens, pedestrian walkways, cycle lanes and recreational centres undoubtedly enhance the city’s quality of life, they come at a high cost. With soaring inflation, poverty, and a struggling economy, allocating a large amount of resources to such projects raises concerns about their prioritization. Critics argue that investing in the economy’s productive sector is more crucial to addressing supply-side constraints that have plagued Ethiopia for decades. City residents also ask about the fairness of the running water shortages in many neighbourhoods while the city greening projects enjoy all-day watering.


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Paving the Way for Ethiopia’s Digital Financial Revolution

EthSwitch, Ethiopia’s national switch, plays a pivotal role in fostering interoperability and facilitating seamless digital finance and payment settlement. Led by CEO Yilebes Addis, a seasoned fintech executive with a strong ICT background, EthSwitch has driven Ethiopia’s fintech landscape forward.

With over two decades of experience in banking, technology, and fintech, Yilebes brings a wealth of expertise to his role. Before joining EthSwitch, he held key leadership positions at Kifiya Financial Technology and the Commercial Bank of Ethiopia, overseeing IT projects and training initiatives. His academic credentials, including an MSc and BSc in Computer Science from Addis Ababa University, further solidify his technical prowess.




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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