Ethiopian Business Review

Lottery Bonanza

Sunday, 16 September 2018 00:00 Published in Focus

The New Year in Ethiopia brings with it a chance for rejuvenation, and for some lucky people, the chance to win a lot of money. However, many lottery winners don’t stay in the public eye, leading many to wonder what they did with the money they won. Even though everyone who buys a ticket seems to have some kind of plan for what they would do if they won, EBR’s Menna Asrat tried to find out what the reality is for those who strike it rich on these games of chance. 

Nowhere to Run

Sunday, 16 September 2018 00:00 Published in Society

Eritrean Refugees Left Out in the Cold

Migration is still as a big concern in Eritrea. Youths, frustrated by the policies of the government, cross the border in droves, searching for a better life. Ethiopia hosts the highest number of refugees from Eritrea. The absence of rule of law, unlimited mandatory national service and absence of freedom of expression are reasons usually expressed by refuges for fleeing their home country. Even after entering Ethiopia, most of them are not able to join the workforce, partly because the law does not allow it. While the recent peace between Eritrea and Ethiopia renewed the hopes of a few Eritrean migrants, some still fear that the peace could endanger their lives. EBR’s Ashenfi Endale, reports.

The Renaissance of Traditional Dance?

Sunday, 16 September 2018 00:00 Published in Art & Life

In Ethiopia, traditional dances used to celebrate festivals, weddings, and occasions of every kind. With more than 80 traditional dances from all the corners of the country, one of the most widely known forms of Ethiopian traditional dance, known as eskista, has been experiencing some ups and downs in the past few years. However, eskista along with other traditional dances are making their way to global audiences currently. Even some people in Europe and America are learning Ethiopian traditional dances on their own. EBR’s Menna Asrat looks at where Ethiopian traditional dance is today and what the future may hold for the art form.

How to Utilize Eritrean Ports

Sunday, 16 September 2018 00:00 Published in Commentary

Prime Minister Abiy Ahmed (PhD) signed a Joint Declaration of Peace and Friendship agreement with Eritrea in Asmara, on July 9, 2018. The Declaration explicitly allows resuming transportation, trade and communications between the two countries. This opens the door for both countries to utilize the Assab and Massawa ports for their mutual benefit. 

Restructuring Ethiopia’s Insurance Industry

Sunday, 16 September 2018 00:00 Published in Commentary

Just like any other aspects of the economy, the insurance industry had been significantly affected by the overall economic and other policies existed in Ethiopia. Though the potential for growth is strong, the insurance industry is not delivering as expected due to structural bottlenecks and challenges at macro as well as micro levels. 

Equality for All?

Sunday, 16 September 2018 00:00 Published in Commentary

Last month, I was invited to speak at the York Festival of Ideas, an annual forum for debating alternative, predominantly progressive policy goals. I talked about my work on asset-price stabilization. Andy Wood of the consultancy Grant Thornton spoke about inclusiveness in business, Neil McInroy of the Center for Local and Economic Strategies discussed local organizing, and Ander Etxeberria of the Mondragon Corporation told us about their employee-owned cooperatives in the Basque Country. But, most importantly, Wanda Wyporska of The Equality Trust gave a fascinating talk about the principle of “equality for all.”

Globalization with Chinese Characteristics

Sunday, 16 September 2018 00:00 Published in View Point

US President Donald Trump’s erratic unilateralism represents nothing less than abdication of global economic and political leadership. Trump’s withdrawal from the Paris climate agreement, his rejection of the Iran nuclear deal, his tariff war, and his frequent attacks on allies and embrace of adversaries have rapidly turned the United States into an unreliable partner in upholding the international order.

Peter Ferdinand Drucker (1909–2005)

Sunday, 16 September 2018 00:00 Published in Quote

“Whenever you see a successful business, someone once made a courageous decision.” 

Prime Minister Abiy Ahmed (PhD)

Sunday, 16 September 2018 00:00 Published in Quote

“Those [MetEC] who have not  even seen similar dams, let alone construct a project as big as the Grand Ethiopian Renaissance Dam (GERD), cannot compelete the GERD with morale alone.”

“It is a baseless accusation.”

Sunday, 16 September 2018 00:00 Published in Quote

Bereket Simon, Former Deputy Director General, Policy Research Institute

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