Ethiopian Business Review
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"There is no bad peace!"

Ever since protests began in the State of Oromia back in 2013, Ethiopia has hardly been able to breathe the air of peace. Then, the protests intensified following discontent among the youth claiming the expansion of Addis Ababa into the State of Oromia was detrimental and unfair to farmers in the area. Later, the protests expanded as the youth in the State of Amhara joined the demonstrations.

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Top 10 Countries with the Highest Number of People in Crisis or Worse in 2021

The ten states with food crises in 2021 were the Democratic Republic of the Congo, Afghanistan, Ethiopia, Yemen, northern Nigeria, the Syrian Arab Republic, the Sudan, South Sudan, Pakistan, and Haiti. Nearly 70 Pct of the world’s population is thought to be in crisis or worse or an equivalent situation. Acute food insecurity was the main cause of conflict or insecurity in seven of these countries.

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Africa's GEM Giant Ethiopia Yet to Tap Full Potential

The bars of gold, the diamonds, the gemstones, and the oil were stories Ethiopians have lived with about the riches of their country under the earth. Not materialized enough to change lives, those stories have remained a myth. Even though various administrations admitted the economic value of gemstones and mining in general, the lack of proper policy and legal frameworks, skilled labour, private investment, and market promotion at local and global scale have challenged the robust growth of the sector. This seems to be the thing of the past as the current administration of Abiy Ahmed (PhD) has put the sector at the heart of its ten-year perspective plan.

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New Foreclosure Rules Leave Bankers on Edge

The administration of Abiy Ahmed (Ph.D.), has been undertaking wide-ranging legal reforms as part of its pledged economic liberalization and modernization process. Legislation has been devised or amended to regulate exchange rates, interest rates, demonetization, transaction limits, a loan freeze, and capital thresholds, among others, over the past couple of years. Among the reforms was also a revision of the half-a-century-old Commercial Code that many saw as overdue. However, changes to foreclosure laws in the new Code have left banking executives uneasy, writes EBR’s Bamlak Fekadu.

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Revenue Mobilization Remains Headache for Ethiopian Cities

Urban financing – the process of allocating financial resources to support urban development projects – includes the mobilization of public and private funds to finance infrastructure, housing, and economic development initiatives in cities. The major source of revenue for almost all cities and towns in Ethiopia has been the state’s coffers. Fiscal centralization and a lack of financial autonomy have been hindering efforts at revenue collection, while corruption, inefficient infrastructure, and a lack of political commitment have made matters more difficult. Although there have been recent improvements, much remains to be desired in the collection of local revenues, writes EBR’s Addisu Deresse.

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“…Decentralization Not Accompanied by Fiscal Decentralization.”

Abebe Zeleul is a senior national advisor at UN-Habitat. He has long years of experience in urban development issues working both for the government and in the private sector. He had worked with the former Ministry of Construction & Urban Development as a member of the strategic advisory committee. His expertise in advisory includes urban planning, quality assurance, policy formulation, legal drafting, strategic plan preparation, and more. He had also served the Addis Ababa City Administration as head of the Land Development Bank & Urban Development office. He has lectured at the Civil Service University and given short-term training on various urban issues.

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Fiber Glass
The Lucrative Business Taking Workplace Aesthetics to New Heights

Fiberglass has become nearly ubiquitous over the past century as the strong, lightweight material finds use in the manufacture of everything from boats to buildings and pipes. Though a bit late to the scene, businesses in Addis Ababa are catching on to the profitability and demand involved with fiberglass. From importers and processors to schools that teach their students how to fashion versatile material into marketable products, there is a new wave of activity in the fiberglass line of business. In addition to the lucrative profit margins, fiberglass offers fresh aesthetics to homes and offices, writes EBR’s Eden Teshome.

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Who Let the Dogs Out?

The pet trade has evolved in recent years from individual vendors hawking puppies on the roadside to full-fledged pet stores and social media sites offering high-end breeds to increasingly eager customers. An evolving attitude to dog ownership means that demand continues to grow, with some breeds selling for as much as ETB 250,000. The booming trade is only one side of the story for the dogs of Addis Ababa, as untold numbers of the canines still live on the streets, posing serious public health concerns, writes EBR’s Tirualem Asmare.

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“Streaming Platforms Need to Align Themselves With the Artist!”
Dibekulu, affectionately known by his fans as “Dibe”, is an Ethiopian artist who resides in the vibrant capital of Ethiopia, Addis Ababa. His melodic style, which is simultaneously playful and reflective, is influenced by his love of jazz, classical music, and improvised instrumental music stemming from his African roots. His passion for music was ignited by legendary Ethiopian artists such as Ketema Mekonnen, Tilahun Gessesse, Girma Beyene, Muluken Melesse, Aster Aweke, Asnakech Worku, and Bizunesh Bekele, who to this day serve as his role models and inspirations.

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Why Shareholders’ General Meetings Matter

Especially Under the New Commercial Code

In the period between the beginning of October and the end of December most publicly held companies convene their general meetings. This includes firms in the financial sector, whose high-profile assemblies are often newsworthy. Therefore, this is high time to talk about shareholder meetings and their relevance apart from fulfilling legal requirements.

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Mobile Money-Telecom Decoupling

The Future of Ethiopia’s Economy at Stake

Ethiopia has been seen as one of the last frontiers of untapped growth in Africa. When the federal government decided a couple of years ago to liberalize the telecom sector and put an end to the 125-year-long monopoly held by Ethiotelecom, investors welcomed the news, and citizens for their part leaped for joy. The jubilation was understandable as the quality of the service delivered by Ethio telecom had been substandard, to say the least, and was the main cause, among others, for Ethiopia to be left at the station rather than being onboard the digital economy train.

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Exaggerated Optimism, Concerns toward New Liberalization Reform

Recently, the three-decade-old policy stance on foreign banks’ entry was abandoned – a watershed event since the 1990s financial sector liberalization. A proclamation that would allow foreign banks to join the Ethiopian banking industry is in the pipeline. The proclamation allows four entry modalities: acquiring shares in the domestic banks, setting up a subsidiary, opening a branch office, and opening a representative office.

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“There is no bad peace!”

Ever since protests began in the State of Oromia back in 2013, Ethiopia has hardly been able to breathe the air of peace. Then, the protests intensified following discontent among the youth claiming the expansion of Addis Ababa into the State of Oromia was detrimental and unfair to farmers in the area. Later, the protests expanded as the youth in the State of Amhara joined the demonstrations.

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Top 10 Countries with the Highest Number of People in Crisis or Worse in 2021
The ten states with food crises in 2021 were the Democratic Republic of the Congo, Afghanistan, Ethiopia, Yemen, northern Nigeria, the Syrian Arab Republic, the Sudan, South Sudan, Pakistan, and Haiti. Nearly 70 Pct of the world’s population is thought to be in crisis or worse or an equivalent situation. Acute food insecurity was the main cause of conflict or insecurity in seven of these countries.

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Africa’s GEM Giant Ethiopia Yet to Tap Full Potential

The bars of gold, the diamonds, the gemstones, and the oil were stories Ethiopians have lived with about the riches of their country under the earth. Not materialized enough to change lives, those stories have remained a myth. Even though various administrations admitted the economic value of gemstones and mining in general, the lack of proper policy and legal frameworks, skilled labour, private investment, and market promotion at local and global scale have challenged the robust growth of the sector. This seems to be the thing of the past as the current administration of Abiy Ahmed (PhD) has put the sector at the heart of its ten-year perspective plan.

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