Ethiopian Business Review

Samson Berhane

Samson Berhane

Editor-in-Chief

samson.b@ethiopianbusinessreview.net

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Uphill Climb

Friday, 16 November 2018 18:00 Published in Topic

Fight Against Illegal Currency Trading 

Over the recent months, the government has undertaken several measures to wipe out the parallel exchange market. But none of the measures were effective in arresting the spread of black market transactions. The first step was spreading a false rumor that the government would adjust the exchange rate. In doing so, it managed to temporarily weaken the black market and narrow the gap between it, and the official exchange market to as low as five cents. This was short-lived though. Black market players, who saw that the government did not keep its word, started raising the exchange rates again. Frustrated by their actions, the government, in an unprecedented move, shut down businesses engaged in the informal exchange market. But that also didn’t work, as the gap between the parallel and official market widened by almost eight birr. EBR’s Samson Berhane investigates. 

Ethnicity Trap

Friday, 16 November 2018 12:00 Published in Focus

Can Ethiopia Break Free?

With the escalation of violence resulting in the death and displacement of millions of people, the humanitarian situation in Ethiopia has deteriorated over the past six months. The number of internally displaced people in the country, which started to increase last December, reached an historic peak in April 2018. Many attribute the problem to the ethnic based politics that the country has been pursuing since 1991. Since then, politicians have especially been using ethnicity as an instrument to advance wide ranging political and economic interests. EBR’s Samson Berhane explores.

Face-To-Face Marketing

Friday, 16 November 2018 06:00 Published in Investment

Can it help commercial banks mobilize more deposits?

Commercial banks in Ethiopia are currently engaged in ever-more stiff competition to mobilize deposits. Most notably, almost all of the banks have begun to use face to face marketing to gain the attention of new customers. It is now not unusual to see tellers from various commercial banks pleading with people in streets, cafes and other public places to open bank accounts at their respective branches. Experts argue that such methods of deposit mobilization are not effective or sustainable, and criticize banks for not coming up with products and services for the unbanked population, as EBR’s Samson Berhane writes.