Ethiopian Business Review

Insurance is one of the key pillars of a modern economy. It contributes to mobilize savings, transfer risks and reduce financial losses.

The history of modern insurance in Ethiopia, especially the private sector driven one, is at its early stage. However, the sector is crippled with lack of innovative products and services. As a result, the industry lags far behind several African countries. The sector’s growth, especially in recent years, is marred with rising claims and declining premium rates. The stiff price based competition in the market contributed to this situation. EBR’s Ashenafi Endale explores the issue to offer this report. 

A marching band constitutes a group of musicians that perform while marching. It is common to see March bands adding the element of entertainment in different occasions. Most marching bands have attractive uniforms often of a military style. Instrument typically incorporated in a marching band includes brass, woodwind and percussion. In Ethiopia, marching bands have a history of more than 75 years.. The Defense and Federal Police March bands are the most known in the country. EBR’s Hiwot Selalew consulted professionals and documents to offer this report.

breast cancer the importance of early diagnosis

Friday, 01 December 2017 09:00 Published in Society

Primary prevention, screening and appropriate follow-up, treatment and provision of palliative care reduce the burden of breast cancer. Ethiopia is also focusing on these preventive methods to reduce the fatal effects of the disease.

However, poor awareness, inadequate cancer-treatment infrastructure and cancer-management options are challenging the country of estimated 104 million from effectively addressing the issue. EBR’s Hiwot Selalew explored the interventions.

Africa Insurance Company is one of the oldest private insurers established in Ethiopia after the partial liberalization of the financial sector. Established in 1994 with ETB15 million paid up capital, the company has been engaged in all classes of insurance -- general and life insurance. 

As the industry is being challenged due to the growing cut throat price based competitions and rising clams, some insurance companies are witnessing a declining profit, Africa Insurance is one of them. EBR had a brief discussion with its managing director, Kiros Jiranie, to learn about the company and the overall development of insurance business in the country. 

Ethiopia is endowed with extensive natural resources such as fertile soil, abundant water resources and favorable climatic condition that make the country suitable for the development of different varieties of flowers, vegetables, fruits and herbs. Despite this, the country has not benefited from the sector as expected. 

Lack of adequate attention given to the sector by the government, years of insufficient investment by the private sector, and the absence of skilled human resource and technologies are among the major factors that thwart the country from reaping the benefits of its potential in the sub sector.

To avert the trend, Ethiopia, the second largest flower exporter in Africa after Kenya, recently launched the National Horticulture Development and Transaction Strategy. The strategy highlights the plan to create conducive environment for modernized horticulture development. EBR’s Mikiyas Tesfaye has gone through the document and conversed with major stakeholders to offer this report.

Education was my only emancipator in life

Friday, 01 December 2017 09:00 Published in Interview

In a country where disability is perceived as inability by many, there are few people who demystify this old established stereotype. Indeed Yetnebersh Nigussie is one among these very few brave personalities. The 35 years old advocate of human rights, inclusiveness and gender equality lost her eyesight at the age of five. 

However, her disability has never deterred her from moving up in education. It did little to stop her from rising to global prominence. It indeed didn’t hamper her from achieving her dreams and aspirations, and making contributions to the betterment of societies. 

Yetnebersh has always been vocal about issues of rights and exercised leadership since she was a teenage girl. While attending secondary school, she had also been vocal through different clubs. Later, when she joined the Addis Ababa University (AAU) in 2001, where she studied law, Yetnebersh’s extracurricular activities expanded. She chaired the AAU Anti-AIDS movement for several years. She later founded AAU’s Female Students Association in 2006 and served as its first president. Yetnebersh who also holds a master’s degree in Social Work promotes human rights fearlessly pushing for the rights of Persons with Disabilities (PWDs) as well as women. She is an outstanding advocate of the rights of PWDs enshrined in the UN Convention.

Over the years Yetnebersh has received a number of national and international awards one of which being the AMANITARE award which she received in 2003 in South Africa for her strong advocacy work for girls’ education. Yetnebersh was recently named a joint winner of the 2017 Right Livelihood Award, the “Alternative Nobel Prize” sharing the honor with Azerbaijani investigative journalist Khadija Ismavilova, Colins Gonsalves, Senior Advocate of the Supreme Court of India, and American environmental lawyer  Robert Bilott. EBR’s Mikiyas Tesfaye sat down with Yetnebersh to talk about her journey in life. 

Although cotton is one of the oldest cultivated agricultural commodities in Ethiopia, recent trends show that the demand from textile factories is only met partially from local sources. Out of the three million hectare of land suitable for cotton, less than 10Pct is currently cultivated. 

In order to reverse the situation, Ethiopia introduced a new cotton development strategy in October 2017. The strategy, which delineates targets and activities to be carried out in the next 15 years, foresees the growth of cotton production to satisfy local demand and engage in export. One of the institutions responsible for the implementation of the strategy is the Textile Industry Development Institute (TIDI). Yared Mesfin, Deputy Director General of TIDI talks to EBR.

Globalization for All

Friday, 01 December 2017 06:00 Published in Commentary

One positive outcome of the trade tensions of recent years is a renewed interest in understanding how trade actually works, in terms of aggregate gains, distributional effects, adjustment costs, and other factors. Governments are increasingly looking for ways to mitigate the negative effects of trade through labor-market policies and broader interventions, and scholars are generating a new wealth of knowledge that could make globalization work for everyone, provided the significant trade-policy risks looming on the horizon are addressed.

The Hidden Wealth of Cities

Friday, 01 December 2017 06:00 Published in Commentary

The world is becoming increasingly urbanized, as more people are choosing to live in towns and cities than ever before. The trouble is, most urban areas are unprepared to manage the influx.

Since the early days of modern trade there has been anxiety about the future of local businesses.  It’s safe to assume that many Ethiopian companies haven’t experienced such a state of flux and uncertainty. Yet, as the economy positions itself to further integrate with the global economy and open its doors to more foreign investors, we must question the sustainability of continuing with the entrenched “business as usual” approach as a long-term option.  

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