Ethiopian Business Review

Ethiopia's Hydra Untangling a Multifaceted Challenge for Long-Term Development Ethiopia, a nation steeped in rich history and ancient tradition, struggles against a multi-headed hydra. This mythical beast embodies the complex and interconnected problems that threaten the nation’s stability and long-term prosperity. Unlike the mythical creature slain by Hercules, Ethiopia’s hydra has three distinct yet intertwined heads, each representing a critical challenge demanding long-term, systematic solutions. The first head of this formidable tribulation is the relentless surge of exponential population growth. Since the early 1970s, Ethiopia’s population has tripled, transforming it into Africa’s second most populous nation, exceeding 120 million already. Projections paint a sobering picture – by 2030, this figure is expected to reach 145 million, ballooning further to 205 million by 2050 and a staggering 294 million by the year 2100. This rapid expansion within a subsistence economy’s framework creates immense pressure on essential resources. Read more: https://ethiopianbusinessreview.net/ethiopias-hydra/

📚 New Edition Alert: EBR Volume 130 🚀 Soar into the heart of Ethiopia's economic transformation with our latest edition of EBR! Featuring an in-depth look at the country's journey 'From Crisis to Control' as it tackles the inflation challenge. ⚽️🌍 Witness the triumphant return of sports in the Tigray region after the war, and explore how Chinese construction companies are shaping Ethiopia's urban landscape, for better or for worse. 🏭💼 Dive into Ethiopia's bold import substitution strategy, fueling economic growth, and uncover the policy changes surrounding industrial parks and trade liberalization. 🩺Gain insights from an interview with Dr. Solomon Teferra as he shares his expertise in 'Battling Substance Use Disorders'. 🛍️ From consumer empowerment to domestic business challenges, EBR Volume 130 tackles the complexities of Ethiopia's evolving economic landscape. 📖 Immerse yourself in this captivating edition, available now at leading supermarkets and bookstores. 📞 For more info, call +251 96 141 4141.

Ethiopia's Beautiful Game Goes Global With DSTV Deal Boosts League but Challenges Remain For the past few years, the Ethiopian Premier League has received coverage on Africa’s largest direct broadcast satellite service, DSTV. This coverage has been instrumental in helping Ethiopian players gain attention and exposure on the international stage. Additionally, fans have had the opportunity to follow their favourite teams closely. The coverage has also provided journalists with valuable experience in covering live games. However, despite this deal’s numerous benefits, some believe the league company needed to fully capitalize on the opportunities presented. In a detailed analysis, EBR’s Dr. Brook Genene examines the impact of DSTV’s coverage of the Ethiopian Premier League and the challenges faced by the league company. Read more: https://ethiopianbusinessreview.net/ethiopias-beautiful-game-goes-global-with-dstv/

Electrifying Addis Ababa The Future of Public Transport is Greener Addis Ababa, Ethiopia’s capital, is embracing a transportation revolution by introducing electric buses and minibuses; th e future s e ems greener for Addis. This shift promises a more sustainable and efficient public transport system, potentially reducing traffic congestion and pollution. The large-scale electric vehicle (EV) import and local assembly plan presents challenges and opportunities. EBR’s Eden Teshome writes that this future envisions EVs coexisting with traditional taxis and minibuses, ultimately improving commutes and promoting a more sustainable urban environment. Read more: https://ethiopianbusinessreview.net/electrifying-addis-ababa-the-future-of-public-transport-is-greener/

Taking Ethiopian Music on the Global Stage was My Mission Mulatu Astatke, the “Father of Ethio-Jazz,” is an iconic musician and cultural ambassador whose innovative blend of Ethiopian musical heritage and jazz improvisation has captivated audiences worldwide. While there’s no exact starting date, Mulatu Astatke’s musical interests emerged in the early 1950s and blossomed into active playing in the 1960s. This long career span has allowed Mulatu to leave an indelible mark on the global music scene. His compositions and performances showcase the beauty and complexity of Ethiopian music, fusing traditional scales, rhythms, and instruments with the harmonic structures and improvisational spirit of jazz. Through collaborations with renowned artists and his pioneering album “Mulatu of Ethiopia,” he has brought Ethio-Jazz to the forefront, shaping the cultural narrative... Read more: https://ethiopianbusinessreview.net/taking-ethiopian-music-on-the-global-stage-was-my-mission/

Concentration of Credit A Double-Edged Sword The recent findings of the National Bank of Ethiopia (NBE) Financial Stability Report have brought to light a significant trend: the ten largest borrowers hold a substantial portion, 23.5%, of the banking industry’s total loans and advances. This concentration of credit, while potentially beneficial, also poses substantial risks to the stability and health of Ethiopia’s financial system. Read more: https://ethiopianbusinessreview.net/concentration-of-credit-a-double-edged-sword/

Coopbank Revolutionizes Digital Banking with Cash Recycler Machine and Dx-Valley 2.0 Cooperative Bank of Oromia (Coopbank) has taken a significant step forward in enhancing its digital service offerings with the launch of the Cash Recycler Machine (CRM) and the Dx-Valley 2.0 digital innovation incubation center. The CRM is designed to provide seamless cash withdrawal and deposit services, operating continuously regardless of working hours or power outages. Equipped with its own battery and solar panels, the machine ensures uninterrupted service and improved accessibility compared to traditional ATMs. Read more: https://ethiopianbusinessreview.net/coopbank-revolutionizes-digital-banking-with-cash-recycler-machine-and-dx-valley-2-0/

"Taking Ethiopian Music on the Global Stage was My Mission" Mulatu Astatke, the “Father of Ethio-Jazz,” is an iconic musician and cultural ambassador whose innovative blend of Ethiopian musical heritage and jazz improvisation has captivated audiences worldwide. While there’s no exact starting date, Mulatu Astatke’s musical interests emerged in the early 1950s and blossomed into active playing in the 1960s. This long career span has allowed Mulatu to leave an indelible mark on the global music scene. His compositions and performances showcase the beauty and complexity of Ethiopian music, fusing traditional scales, rhythms, and instruments with the harmonic structures and improvisational spirit of jazz. Through collaborations with renowned artists and his pioneering album “Mulatu of Ethiopia,” he has brought Ethio-Jazz to the forefront, shaping the cultural narrative... Read more: https://ethiopianbusinessreview.net/taking-ethiopian-music-on-the-global-stage-was-my-mission/

Council of Ministers Passes Crucial Decisions on Loans, Taxes, and Banking Reforms In its 35th regular meeting today, Ethiopia's Council of Ministers discussed and approved several important bills and reform plans. Firstly, the Council approved a loan agreement with the International Development Association to obtain USD 207.2 million in interest-free funding for the second phase of the country's urban drinking water and sanitation projects. This loan will be repaid over 38 years with a 6-year grace period. Read more: https://ethiopianbusinessreview.net/cabinet-of-ministers-passes-crucial-decisions-on-loans-taxes-and-banking-reforms/

Cabinet of Ministers Passes Crucial Decisions on Loans, Taxes, and Banking Reforms In its 35th regular meeting today, Ethiopia's Cabinet of Ministers discussed and approved several important bills and reform plans. Firstly, the Cabinet approved a loan agreement with the International Development Association to obtain USD 207.2 million in interest-free funding for the second phase of the country's urban drinking water and sanitation projects. This loan will be repaid over 38 years with a 6-year grace period. Read more: https://ethiopianbusinessreview.net/cabinet-of-ministers-passes-crucial-decisions-on-loans-taxes-and-banking-reforms/