Ethiopian Business Review

Ashenafi Endale

Ashenafi Endale

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Transacting in the Shade

Sunday, 16 September 2018 15:00 Published in Topic

Wide Spread Contraband Trade Cripples Ethiopia

Contraband , part of the shadow economy, is still a threat to Ethiopia’s economy. But even more, it has recently started to affect the well-being of the nation. The recent violence in the states of Ethio-Somali and Benishangul Gumuz shows the severity of the problem. Items from textiles products to precious metals are traded by contrabandists. This has paved a way for a shadow economy to thrive, raising its contribution to the GDP to as high as 40Pct. EBR’s Ashenafi Endale investigates.

Eyob Tesfaye (PhD), a macroeconomist and policy analyst, is among the few scholars who are known for voicing their concerns about the well-being of Ethiopia’s economy. He has served in different governmental positions, including as the Director-General of the Public Finance Institutions Supervisory Agency and Director of the Academy of Financial Studies at the National Bank of Ethiopia. He has been an external examiner of post graduate students at Addis Ababa University and advisor to post graduate students of the London School of Economics and Georgetown University.

Eyob, who is now Program Director at the United Nations Capital Development Fund (UNCDF) believes Prime Minster Abiy Ahmed (PhD), inherited an economy in shambles from his predecessors, and is facing an uphill task. According to Eyob, the PM should devise a plan to put the economy back on track and address the problems that have deterred structural transformation, adding  that the Prime Minister should have his own economic road map, even though it is too soon to conclude whether or not the government should continue with developmental state model. EBR’s Ashenafi Endale sat down with him to discuss the flaws in the economy and the recent reforms.

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.