Ethiopian Business Review
EBR is an expertly and independently written, masterfully designed, and well-circulated magazine.
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01 A Survivor's Fight
Shining A Light on Ethiopia's Mission to Stop Tuberculosis
Ethiopia faces a significant challenge in combating tuberculosis (TB), a highly infectious disease impacting all age groups nationwide. The burden falls particularly heavily (68.1%) on the nation’s productive population, those aged 15-44. This prevalence not only leads to individual illness but also hinders economic growth.The Ministry of Health collaborates with partner organizations to deliver quality healthcare nationwide. However, a large portion of the Ethiopian healthcare system relies on funding from foreign organizations, creating uncertainties about service continuity if funding is withdrawn.USAID is critical in providing substantial financial support for the health system, including TB control programmes. In collaboration with Addis Ababa University and the US Embassy Public Affairs office, USAID recently organized a week-long field reporting...
Read more: https://ethiopianbusinessreview.net/a-survivors-fight/ | 462 | 1 | Loading... |
02 Designing an Equitable Society
Choices on Wealth, Environment, and Public Goods
What is the role of government in modern economies? Is it possible to create a more equal society without sacrificing economic freedom or wealth? Should we emphasize equal opportunities or equal outcomes? The idea of “inclusive growth” seeks to strike this balance.
Since the term can be open to interpretation, let me offer a definition: Inclusive growth seeks to boost national wealth and well-being while reducing poverty, ensuring equity across generations, and preserving economic freedoms.
Read more: https://ethiopianbusinessreview.net/designing-an-equitable-society/ | 675 | 2 | Loading... |
03 Beyond Devaluation
Strategies for a Stronger Ethiopian Economy
Devaluating a currency, which makes one’s currency cheaper and foreign currencies dearer, is a crucial policy intervention in the forex market with severe economic consequences. Of course, the type and degree of these effects depend on the magnitude of devaluation, the level of economic development a country is at and the perception of stakeholders about a currency’s future value.
The Ethiopian currency, the Birr, has undergone devaluation many times. For instance, a 17 % devaluation in August 2010 (roughly from 13.5 birr/$ to 16.5 birr/$). Similarly, a 15 % devaluation was implemented in October 2017 (from 23.9 birr/$ to a little above 27 birr/$). There is no evidence that these measures achieved their target- to reduce the trade deficit in the subsequent quarters, if not years.
Read more: https://ethiopianbusinessreview.net/beyond-devaluation/ | 975 | 3 | Loading... |
04 From Boom to Bust
Ethiopian Banks Brace for New Era of Monetary Policy, Competition
Many Ethiopian banks have enjoyed profit bonanzas for years due to very expansionary monetary policy, which increased the demand for cheap credit loans and advances. However, this has carried negative real lending rates for over a decade. Furthermore, they have been operating in a protected and relatively predictable environment, giving them the easy means to grow and expand.
Read more: https://ethiopianbusinessreview.net/from-boom-to-bust/ | 851 | 2 | Loading... |
05 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/ | 886 | 0 | Loading... |
06 📚 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. | 749 | 0 | Loading... |
07 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/ | 910 | 1 | Loading... |
08 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/ | 975 | 1 | Loading... |
09 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/ | 963 | 0 | Loading... |
10 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/ | 916 | 2 | Loading... |
11 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/ | 1 069 | 4 | Loading... |
12 "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/ | 1 | 0 | Loading... |
13 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/ | 904 | 0 | Loading... |
14 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/ | 1 | 0 | Loading... |
15 The Shadow of Conflict Business and Insecurity in Ethiopia
Once lauded as Africa's rising economic star, Ethiopia faces a persistent challenge: conflict. Over six years, the country has navigated a period of turbulence that has significantly impacted peace and security, posing a formidable obstacle for businesses operating within its borders. This article by EBR's Samuel Getachew delves into the multifaceted impact of these conflicts, exploring the specific hurdles entrepreneurs face. Through consultations with business leaders and a comparative analysis of other countries' experiences, the article proposes potential avenues for addressing these issues and fostering a more conducive environment for business growth.
Read more: https://ethiopianbusinessreview.net/the-shadow-of-conflict-business-and-insecurity-in-ethiopia/ | 885 | 1 | Loading... |
16 GIIG Africa Building Startup Nations and Shaping Africa's Innovative Future
Global Innovation Initiative Group (GIIG). Africa, a catalyst for innovation across the African continent, is at the forefront of driving transformative initiatives such as the Global Startup Awards Africa, the GIIG Africa Foundation, and the GIIG Africa Fund. In an interview with EBR, the co-founder of GIIG Africa, Jo Griffiths, shares valuable insights on fostering collaboration between startups, investors, and government stakeholders, shedding light on the journey of GIIG Africa in empowering emerging startup nations and shaping a global Africa driven by innovation. EBR had the privilege of interviewing Jo Griffiths, the co-founder of GIIG Africa, to explore the organization’s impactful initiatives and gain insights into fostering collaboration among startups, investors, and government stakeholders.
Read more: https://ethiopianbusinessreview.net/giig-africa-building-startup-nations/ | 913 | 1 | Loading... |
17 Jiji Enters Ethiopian Ecommerce Sector, Targets Growth
Jiji, Africa's leading classified platform, has announced the launch of its premium services in Ethiopia. This milestone marks a step in Jiji's growth as it aims to empower small and medium-sized enterprises (SMEs) in the region.
Jiji's premium services offer promotional tools and features that enable businesses to advertise their products and services across key categories such as property, vehicles, and more. The packages, which include Basic, VIP, Diamond, and Enterprise options, provide solutions to meet the needs of businesses.
Read more: https://ethiopianbusinessreview.net/jiji-enters-ethiopian-ecommerce/ | 1 205 | 0 | Loading... |
18 Dashen Bank Recognized for Financial Inclusivity in East Africa
Dashen Bank, one of Ethiopia's leading financial institutions, has been honored as the Best Bank for Financial Inclusiveness in East Africa at the 2024 Africa Bank 4.0 Summit in Nairobi, Kenya. This award recognizes Dashen Bank's innovative efforts to expand access to financial services for underserved populations across the region.
"This award is a testament to Dashen Bank's commitment to ensuring financial inclusion for all," said Asfaw Alemu, CEO of Dashen Bank. "We are grateful to our valued partners Ethio-Telecom, EagleLion System Technologies, and Ethiopian Airlines, whose collaborative efforts have enabled us to deliver impactful financial solutions to our customers."
Read more: https://ethiopianbusinessreview.net/dashen-bank-recognized-for-financial-inclusivity-in-east-africa/ | 1 350 | 2 | Loading... |
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A Survivor's Fight
Shining A Light on Ethiopia's Mission to Stop Tuberculosis
Ethiopia faces a significant challenge in combating tuberculosis (TB), a highly infectious disease impacting all age groups nationwide. The burden falls particularly heavily (68.1%) on the nation’s productive population, those aged 15-44. This prevalence not only leads to individual illness but also hinders economic growth.The Ministry of Health collaborates with partner organizations to deliver quality healthcare nationwide. However, a large portion of the Ethiopian healthcare system relies on funding from foreign organizations, creating uncertainties about service continuity if funding is withdrawn.USAID is critical in providing substantial financial support for the health system, including TB control programmes. In collaboration with Addis Ababa University and the US Embassy Public Affairs office, USAID recently organized a week-long field reporting...
Read more: https://ethiopianbusinessreview.net/a-survivors-fight/
Designing an Equitable Society
Choices on Wealth, Environment, and Public Goods
What is the role of government in modern economies? Is it possible to create a more equal society without sacrificing economic freedom or wealth? Should we emphasize equal opportunities or equal outcomes? The idea of “inclusive growth” seeks to strike this balance.
Since the term can be open to interpretation, let me offer a definition: Inclusive growth seeks to boost national wealth and well-being while reducing poverty, ensuring equity across generations, and preserving economic freedoms.
Read more: https://ethiopianbusinessreview.net/designing-an-equitable-society/
Designing an Equitable Society
What is the role of government in modern economies? Is it possible to create a more equal society without sacrificing economic freedom or wealth? Should we emphasize equal opportunities or equal outcomes? The idea of “inclusive growth” seeks to strike this balance.
Beyond Devaluation
Strategies for a Stronger Ethiopian Economy
Devaluating a currency, which makes one’s currency cheaper and foreign currencies dearer, is a crucial policy intervention in the forex market with severe economic consequences. Of course, the type and degree of these effects depend on the magnitude of devaluation, the level of economic development a country is at and the perception of stakeholders about a currency’s future value.
The Ethiopian currency, the Birr, has undergone devaluation many times. For instance, a 17 % devaluation in August 2010 (roughly from 13.5 birr/$ to 16.5 birr/$). Similarly, a 15 % devaluation was implemented in October 2017 (from 23.9 birr/$ to a little above 27 birr/$). There is no evidence that these measures achieved their target- to reduce the trade deficit in the subsequent quarters, if not years.
Read more: https://ethiopianbusinessreview.net/beyond-devaluation/
Beyond Devaluation
Devaluating a currency, which makes one’s currency cheaper and foreign currencies dearer, is a crucial policy intervention in the forex market with severe economic consequences. Of course, the type and degree of these effects depend on the magnitude of devaluation, the level of economic development a country is at and the perception of stakeholders about a currency’s future value.
From Boom to Bust
Ethiopian Banks Brace for New Era of Monetary Policy, Competition
Many Ethiopian banks have enjoyed profit bonanzas for years due to very expansionary monetary policy, which increased the demand for cheap credit loans and advances. However, this has carried negative real lending rates for over a decade. Furthermore, they have been operating in a protected and relatively predictable environment, giving them the easy means to grow and expand.
Read more: https://ethiopianbusinessreview.net/from-boom-to-bust/
From Boom to Bust
Many Ethiopian banks have enjoyed profit bonanzas for years due to very expansionary monetary policy, which increased the demand for cheap credit loans and advances. However, this has carried negative real lending rates for over a decade. Furthermore, they have been operating in a protected and relatively predictable environment, giving them the easy means to grow and expand.
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/
Ethiopia’s Hydra
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.
Photo unavailableShow in Telegram
📚 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.
Photo unavailableShow in Telegram
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/
Photo unavailableShow in Telegram
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/
Photo unavailableShow in Telegram
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/
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