Ethiopian Business Review

Addis Ababa has been undergoing reconstruction in the past several years. Highway constructions carried out by the City’s Roads Authority has changed the face of the metropolis for good. Even if the end result of the reconstruction is hoped to smooth traffic flow and upgrade the standard of the city, the process has disrupted the comfort of city dwellers and challenged businesses and transport service providers. EBR’s Berihun Mekonnen sat down with Fekadu Haile (Engi.), General Manager of Addis Ababa City Roads Authority (AACRA) and discussed about ongoing road projects, challenges of remaking the city and prospects ahead. Excerpts: 

Friday, 15 August 2014 03:00
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World-class runner Haile Gebreselassie is renowned for his athletic achievements: he’s broken 61 national and 27 world records, has two Olympic gold medals and was even the subject of a Disney film entitled Endurance. He has become a successful businessman; with a billion business enterprise that consists of  coffee plantation, schools, hotels, cinema, mining, automotive industry and real estate. Haile recently announced plans to open a Hyundai assembly plant in Ethiopia. EBR’s Amanyehun Sisay sat down with the runner-turned-entrepreneur to talk about his plans for the plant, other business ventures and his personal life. Next is an excerpt:

Wednesday, 16 July 2014 03:00
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When Zemen Bank’s idea of a single-branch business model was announced back in 2006, it seemed quite odd for many. Bankers and business analysts questioned the viability of the model.  However, the Bank registered robust growth year-on-year with a high rate of return on investment. Even though the Bank has been operational for only six years, it ranked 6th among the top private banks in Ethiopia for high-earnings per share, according to a survey by EBR last February. Although the Bank states that it will stick to its founding principles and business model, there are signs that Zemen’s strategy might be changing. The Bank recently opened its second branch in Hawassa and a third in the Bole Business District in Addis Ababa. It is also preparing to expand into other regions. EBR’s Amanyehun R. Sisay spoke with Ermias Eshetu, Zemen’s Vice President for Marketing and Corporate Services, about the company’s changing business model and where the Bank is headed. Next is an excerpt:

Monday, 16 June 2014 03:00
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