Ethiopian Business Review

Samson Berhane

Samson Berhane

Editor-in-Chief

samson.b@ethiopianbusinessreview.net

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Zero Hour

Saturday, 16 February 2019 03:00 Published in Topic

Ethiopia's Economic Slowdown Takes A Toll

Ethiopia been praised by the global community for its outstanding economic performances for decades.  Although the country has registered one of the highest economic growth rates in Africa, the economy has been slowing down in recent years. In December 2018, the International Monetary Fund announced that Ethiopia’s economic growth dipped to 7.7 pct in 2017/18, due to political uncertainty and severe foreign exchange shortages. Now, Ethiopia’s economy seems to be at a crossroads. While the decline of exports, a rise in prices, a drop in construction activities and the disruption of main trade routes signal that the economy is indeed slowing down, experts are worried that decreasing state involvement, coupled with the drop in government spending, will make the problem worse, as EBR’s Samson Berhane reports.

Tewodros Shiferaw, 44, is a businessman with a huge appetite. The father of four lived in Japan and China for 12 years working as an exporter and importer, among other activities. In 2008, he came to Ethiopia and established Rosetta General Business, a company engaged in real estate development, hotels, import and export as well as media and communication. Tewodros, who is in the real estate sector, built 142 villas and transfered them to the owners on time despite the huge inflation at the time. However, not all his endeavours have been successful. In fact, two of his hotel projects in Addis Ababa and Hawassa didn’t materialise because the authorities couldn’t give him land on a lease basis. He is now more visible in the broadcasting industry. In fact, Tewodros was a partner at ARTS and a year ago acquired Nahoo TV, a privately owned entertainment TV channel operating in Ethiopia. EBR’s Samson Berhane sat down with Tewodros to learn about his successes and failures

“We Are Not Ready.”

Friday, 15 February 2019 03:00 Published in Interview

Addisu Habba, president of Debub Global Bank (DGB) is the current president of the Ethiopian Bankers’ Association (EBA). He was re-elected by the professional association of bankers in March 2018 to continue in the post for the next three years. Addisu, a married father of two, has had immense experience in the banking sector. He is a graduate of Economics from Addis Ababa University and holds Master’s degree in Banking and Finance from Italy. In the past, Addisu held several positions at the former Construction and Business Bank, including as a credit clerk and internal auditor, before rising to the post of President. He then became president at the Bank of Abyssinia and served for five years. Three years ago, he joined DGB, one of the later entrants into the banking sector. EBR’s Samson Berhane sat down with him to learn more about the challenges and successes of the industry, as well as the activities of EBA.