Ethiopian Business Review

2022-07-07 09:01:49 Local, Global Challenges Choking Import, Export

The impact of insecurity on the Ethiopian economy has been ongoing since 2013. Following the coming to the helm of a new prime minister, a pandemic and all-out war have continued to challenge the already weak economy. Recently, a new directive by the National Bank of Ethiopia has sent shock waves within exporters’ circles—the nation’s global traders who help ease the forex famine and elevate the hopes of importers. All these challenges are being faced at a time of global supply disruption caused by the Russia-Ukraine war. At such an important moment of unprecedented internal and external challenges, the government’s approach to the matter has a potential to define the economy, and hence, the country’s sustainability, writes Bamlak Fekadu.

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2022-07-06 13:39:09 E-Commerce Trading away Middlemen

No person or thing seems to have been blamed for continuous price hikes in the Ethiopian economy like middlemen. Whether gas or groceries inflation, both current and past administrations have a way of blaming these players for their failed attempts to establish a strong and resilient market structure. Even though various factors may contribute to the failure to sufficiently tackle price increases, middlemen have indeed had their fair contribution to the problem.

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2022-07-06 12:59:39 International Trade Fair Coming to Ethiopia

Addisbuild is to be held at the Millennium Hall in May 2023. Endorsed by the Ministry of Urban Development and Infrastructure, the exhibition will showcase opportunities across Ethiopia’s construction sector, which currently contributes 5Pct towards Ethiopia’s workforce, according to the Central Statistics Service (CSS).

Organized by dmg events and its local partner Ethel Events and Communication, and part of The Big 5 global series of events, the three-day exhibition is to host local, and international attendees that are intent on taking part in Ethiopia’s growing construction sector. The goal of The Big 5 Construct Ethiopia is to accelerate construction industry innovations and complement Ethiopia’s economic growth, investment, and a sustainably built environment.

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2022-07-04 14:45:15 Ethiopian Business Review pinned a photo Open / Comment

2022-07-04 13:31:19 Not many have been as pioneering in the Ethiopian business sphere like Addis Alemayehou. From Afro FM to Kana TV to 251 Communications, Addis is an impactful business personality progressing over the years to now lead a holding company. Grab your copy to read this and several other interesting stories in EBR Edition № 108. Find EBR at major supermarkets and bookstores. Call 0961 41 41 41 for subscription. Open / Comment

2022-06-29 13:25:21 Huawei, Partners Exchange Tech Info

The Chinese technology giant, Huawei, held a program at the Hilton Hotel in Addis Ababa to promote and certify its technologies with its partners and institutions in Ethiopia. In attendance were Huria Ali, State Minister of the Ministry of Innovation and Technology alongside senior officials from Huawei and organizations and domestic partners. The minister stated that Huawei is contributing to the realization of the Ethiopian Digital 2025 Strategy by bringing the best technology in the world to Ethiopia, including the recently launched 5G network.

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2022-06-29 10:41:41 Top 10 Cumulative Infrastructure Investment in Sub-Sahara Africa from 2007 - 2020

In addition to being Africa’s biggest trading partner, China is building the future of the continent’s urban landscapes almost single-handedly. Between 2007 and 2020, China’s two main overseas development banks invested USD23 billion in infrastructure projects on the continent which is USD8 billion more than what the other top eight lenders combined, including the World Bank, African Development Bank, and US and European development banks, contributed.

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2022-06-28 10:19:41 Clarence Seedorf Throphy Tour

Ethiopians have used their lifestyle itself to stay fit: they walk in abundance to and from schools and markets; they spend hours running up the hills and down to the rivers while attending to their livestock on the pastures. That lifestyle seems to be changing in recent decades and years. Now, urban settings are hosting modern gyms which house people exercising with the goal of being fit. These scenes in gyms also bring strong women of various backgrounds. From the fit looking to get fitter and the overweight looking to trim some fat, gyms entertain various individuals with divergent mental and physical stances. Abiy Wendifraw shares an uplifting story of one of these strong women whose life has been changed by just going to the gym.

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2022-06-27 09:28:28 Ethiopians Creeping Into Crypto

The idea of digital currency has been in the making for long. Still, challenges are ever-present in realizing the idea no matter how powerful the digital world has grown throughout the years, especially post-Covid. Recently, however, digital currencies are slowly taking shape to allow transactions across borders and the decentralizing of trading—abolishing the role of middlemen as well as regulations from financial institutions and governments. In similar fashion to the trade of hard currencies in financial markets, digital currencies including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Tether (USDT), among others, are being traded on online digital currency markets for the end purpose of buying and selling goods and services in the physical world.

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2022-06-24 10:57:24 Areqie Local Alcohol Cutting Dreams, Lives Short

Eating meat and drinking arekie—one of the hardest local alcohols in Ethiopia—as a means of speeding up digestion, has been tradition for ages. In some parts of the country—like the highlands of Shoa—areqie is also used as a means of survival against the cold weather. Even though this local alcohol has been around for long, its growing consumption among young boys in urban settings that were supposed to be part of the workforce is a rather grim image. Apart from stealing their courage to fight the hardships of life, the new trend of increasing alcoholic beverage consumption in the capital is also causing early health challenges, writes Henok Engida.

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