Ethiopian Business Review

2022-06-23 09:28:42 Online Education Business on the Rise

One of the success stories in the Ethiopian education sector is increased reachability over the past fifteen years. At one point, the Ministry of Education declared access to education has reached more than 99Pct. As much as public schools have played a significant role here, private investment in education has also played an indispensable role. Missing in the story, of course, is the quality of education—a point of discussion in most high-level dialogues concerning the nation’s social, economic, and political path. As a fairly recent phenomenon, online businesses have joined the sector in an attempt to offer increased access and quality. Even though their impact, both as a business model and educationalist, is yet to be tested, these new academic business models are believed to offer something unique and untried, writes EBR’s Eden Teshome.

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2022-06-22 11:01:15 Ethiopians Slow Walking Into NFTS

Ethiopian artists have long presented their works for insufficient compensation. The same is true for artists worldwide, to varying degrees.

The idea of non-fungible tokens (NFTs) is now offering alternatives for artists to generate the income they deserve by ensuring the intactness of their artworks’ copyrights. Even though NFTs are a very recent phenomenon, some Ethiopians are slowly introducing themselves to this parallel digital reality. As much as this new world of NFTs offers an immense opportunity, legal, structural, and ethical challenges still remain to be addressed, writes EBR’s Addisu Deresse.

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2022-06-21 09:17:50 "There isn't much difference between local and imported drugs."

Daniel Waktole President, EPMSMA

Daniel Waktole is President of the Ethiopian Pharmaceuticals and Medical Supplies Manufacturers Association (EPMSMA). The PhD candidate in pharmacy is also author of Guide to Pharmaceutical Manufacturing and Marketing in Ethiopia and co-author of the first international edition of the Book-master Guide for Medical Representatives. In 2020, Daniel founded Kilitich Estro Biotech PLC—a joint venture with an Indian pharmaceutical manufacturer. His academic background, coupled with his preeminent role in the sector—both as a Businessman and President of his sector’s trade association—affords him quite an insight into the sphere.

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2022-06-20 08:39:46 Healing the Pharmaceutical Industry

Lack of essential medication is a common recurrence facing patients. Mortality and morbidity caused by shortages of direly needed drugs during surgery and other critical points of treatment have become features of the medical industry. The common reason for the prevailing situation facing drugs is mostly tied with forex shortages and lack of sufficient local supply. Even though there are reports of sabotage in the industry, there has not been a consolidated effort to replace imported drugs and avoid the drug-induced chaos in the health sector. Recently, however, there are signs that that might be slowly changing. With the government’s high attention to the pharmaceuticals industry, there are new entrants in the sector coming with massive investments.

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2022-06-16 09:02:28 Is the Ethiopian banking Sector at a Crossroads?

As per the Prime Minister’s speech on the inauguration ceremony of the Head Quarter building of the Commercial Bank of Ethiopia (CBE), the government plans to open up its banking industry to foreign competition. As per his word, the banking industry has been protected for decades. But it will not continue to be so. Therefore, commercial banks need to be prepared to keep pace with the growth of our world and to compete with the banks of other countries as well.

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2022-06-15 09:38:53 Safaricom Ethiopia will be Bigger than Safaricom Kenya

Anwar Soussa CEO, Safaricom Ethiopia

Anwar Soussa is a senior corporate executive who now serves as the founding CEO of Safaricom Telecommunications Ethiopia, a subsidiary of the Nairobi-based telecommunications and financial multinational, Safaricom.

Ethiopia announced the opening of the telecom sector in 2018. This materialized with the establishment of the Ethiopian Communications Authority (ECA) in the same year and subsequent licensing of the Global Partnership for Ethiopia (GPE) in 2021, which has now become Safaricom Ethiopia. This ends the 128 years of monopoly in Africa’s second-most populous country.

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