Ethiopian Business Review

Although travel and tourism competitiveness is underdeveloped in Sub-Saharan Africa, the performance of Eastern African countries has been the most improved among the sub regions of the continent, according to the Travel and Tourism Competitiveness Report published by the World Economic Forum. Neighboring countries such as Kenya, Tanzania, Rwanda and Uganda were among Sub-Saharan countries that made it to the top ten list.  Mozambique, which rose eight places to 122nd, was the most improved nation in Sub-Saharan Africa. 

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Gross written premium in the insurance industry showed a significant rise in the first half of the current fiscal year. The aggregate premium written by all private insurance firms reached five billion birr during this period. The lion’s share of the premium, accounting for 90Ppct of the total, is collected from general insurance lines of businesses such as Motor Insurance. The remaining comes from life insurance.

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Ethiopia has experienced a steady stream of internal displacement over the years, but the number of people affected rose sharply in 2016 and the first half of 2017. This was due to natural disasters and conflict, according to a newly report released by the Internal Displacement Monitoring Centre entitled Africa Report on Internal Displacement.

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