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Ethiopian Business Review

Гео и язык канала: Эфиопия, Английский

Категория: Бизнес и стартапы

EBR is an expertly and independently written, masterfully designed, and well-circulated magazine.

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Ethiopian Business Review

14 Feb, 17:05

Over 60 Companies to Showcase Healthcare Innovations at the 9th Ethiopian Health Exhibition & Congress.

The 9th Ethiopian Health Exhibition & Congress, a premier event spotlighting advancements in healthcare, medical supplies, and digital health, will convene at the Millennium Hall in Addis Ababa from February 20-22, 2025. Organized by Prana Events, this year's congress anticipates participation from over 60 companies, showcasing cutting-edge technologies and solutions.

According to organisers of the event, this pivotal event serves as a platform for introducing new suppliers and fostering technology and knowledge transfer within Ethiopia's burgeoning healthcare sector.

The congress is expected to draw over 2,000 conference attendees, including healthcare professionals, policymakers, and industry leaders, while the exhibition anticipates over 4,000 visitors from across the health sector. The event helps to explore the latest innovations shaping the future of healthcare in Ethiopia and beyond.

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Ethiopian Business Review

14 Feb, 16:30

Heineken's journey in Ethiopia exemplifies the power of strategic investment and a commitment to local markets. Entering with a modest 5% market share 13 years ago, Heineken's substantial investments, exceeding USD 500 million, and focus on local brands like Walia, a popular Ethiopian beer, propelled it to a dominant 38% market share, crowning it as the most significant player in the industry.

This success story is built on a foundation of quality, achieved through robust processes, employee training, and collaboration with local and global suppliers. Beyond brewing, Heineken demonstrates a deep commitment to sustainability, investing in carbon-neutral brewing systems and water conservation initiatives. These initiatives not only benefit the community but also contribute to the company's success. The company's focus on community development, through housing projects and job creation programmes, further solidifies its positive contributions.

As Ethiopia's second-largest taxpayer, following only ethio telecom, Heineken plays a pivotal role in the nation's economic growth. This demonstrates that responsible business practices and market leadership can indeed coexist. Looking forward, Heineken is optimistic about Ethiopia's potential and is ready to seize future growth opportunities while continuing to contribute to the nation's prosperity.

EBR editors had an exclusive interview with Bart De Keninck, Managing Director of Heineken Ethiopia, under whose leadership the brewer won the Ethiopian Quality Award in 2023 and successfully became the nation's second-largest taxpayer in 2024.

For a comprehensive exploration of business, economic, and social issues, including the full interview mentioned, pick up the latest edition of EBR (Issue 138). EBR offers meticulously researched and insightful content.

Find EBR at leading supermarkets, bookstores, and hotels. For convenient direct delivery to your office, please contact us at +251 961 414 141 or email marketing@championethiopia.com.

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Ethiopian Business Review

14 Feb, 16:30

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Ethiopian Business Review

14 Feb, 16:15

Ethiopia Gains Positive Rating Action Amid Africa’s Economic Optimism

Ethiopia secured a positive rating action from Moody’s in the second half of 2024 (2024H2), marking a shift in investor sentiment following its debt restructuring deal with international bondholders. This was revealed in a report published on February 11 by the African Peer Review Mechanism (APRM), titled Africa Sovereign Credit Rating Outlook – 2024 Year-End Review.

Read more: https://ethiopianbusinessreview.net/ethiopia-gains-positive-rating-action-amid-africas-economic-optimism/

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Ethiopian Business Review

13 Feb, 17:20

Ethiopia's Inflation Declines 13.9 Percentage Points as Exports Reach Record Levels

The National Bank of Ethiopia has announced a substantial decrease in the country's inflation rate, which fell to 15.5% in January from 29.4% a year earlier. This represents a decline of 13.9 percentage points, with food inflation decreasing by 16.6 percentage points and non-food inflation by 10.2 percentage points over the same period. The sharp decline signals that recent economic policies, such as the transition to a market-based exchange rate and tighter monetary controls, are beginning to stabilize price pressures. However, concerns about the cost of living persist for many households.

Read more: https://ethiopianbusinessreview.net/ethiopias-inflation-declines-13-9-percentage-points-as-exports-reach-record-levels/

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Ethiopian Business Review

12 Feb, 20:48

Ethio Telecom Reports Strong Financial Performance in H1 2024

Ethio Telecom has shown significant growth in the first half of the 2024 fiscal year, with notable financial results and investments in infrastructure and service expansion. The company generated ETB 61.9 billion in revenue, achieving 90.7% of its target. Revenue from international services totaled ETB 64.4 million, while mobile data usage increased by 48.8% to 642.2 billion MB, and mobile voice usage grew by 12.7% to 83.6 billion minutes. The telebirr platform registered 5 million new users, bringing the total to 51.5 million. It facilitated ETB 1.03 trillion in electronic money transactions during the period, contributing to a cumulative total of ETB 3.58 trillion since its launch.

Read more: https://ethiopianbusinessreview.net/ethio-telecom-reports-strong-financial-performance-in-h1-2024/

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Ethiopian Business Review

30 Jan, 18:49

Ethiopia’s Customs Revenue Exceeds Target, Hits ETB 203.75 Billion in Six Months

Ethiopia’s Customs Commission has surpassed its revenue collection target for the first half of the 2017 fiscal year, securing ETB 203.75 billion—6% more than the planned ETB 190.9 billion.

Read more: https://ethiopianbusinessreview.net/ethiopias-customs-revenue-exceeds-target-hits-etb-203-75-billion-in-six-months/

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Ethiopian Business Review

29 Jan, 12:44

Thursday Has Arrived!

The FINTEX global exhibition for furniture, interior, and construction finishing products, services, and technologies will grandly open tomorrow, Thursday! Are you ready?

Many major organizations will be showcasing their products and services, creating new market opportunities and presenting industry advancements from January 30 to February 2 at Millennium Hall—and they are waiting for you!

FINTEX is your ultimate opportunity to witness groundbreaking innovations in furniture, interior design, and finishing materials. This platform allows industry professionals to collaborate and contribute to sector growth. Don't miss out!

📌 Register for free at https://bit.ly/fintexregistration or call us now at +251 913 356 709 or +251 929 308 364!

🌐 Visit our website: www.fintexaddis.com

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Ethiopian Business Review

25 Jan, 12:59

Ethiopia’s Population Boom
A Ticking Time Bomb of Resource Scarcity & Ethnic Tensions

Since the early 1970s, Ethiopia’s population has tripled, growing within a subsistence economy and fragile institutions. Today, it is the second most populous country in Africa and 10th in the world, with over 120 million people. Projections indicate it will reach 130 million by 2032, underscoring the urgent need for resource management.

Large populations mean greater overall demand for essential resources like food, water, and energy, even if the growth rate remains slows. This is particularly problematic for countries that already face resource shortages. A country with a population of 120 million will need far more food, water, and healthcare than one with 20 million, even if both are growing at the same rate.

Read more: https://ethiopianbusinessreview.net/ethiopias-population-boom/

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Ethiopian Business Review

24 Jan, 12:59

Collateral Crisis a Pressing Challenge for Ethiopian Banks

As the Ethiopian government initiates a new corridor development plan, banks find themselves at the epicentre of a collateral crisis. However, it’s important to note that the banking sector in Ethiopia has shown remarkable resilience in the face of these challenges. Recent studies by the National Bank of Ethiopia (NBE) reveal that the industry heavily relies on securing immovable properties as collateral for loans. With the prevailing lending practice and the concentration of collaterals along main roads, banks often prioritize these properties for security.

Read more: https://ethiopianbusinessreview.net/collateral-crisis-a-pressing-challenge-for-ethiopian-banks/

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Ethiopian Business Review

23 Jan, 12:59

Towards Safer Healing Navigating the Challenges of Orthopedic Care

One major challenge in orthopaedic practice is the complications that may arise from traditional bone-setting methods among trauma patients. Many pediatric patients who experience trauma often visit local bone setters for repeated massages before eventually going to a hospital when complications arise. By this point, it may be too late to save limbs, forcing doctors, in many instances, to amputate to preserve the patients’ lives. This may result in permanent disability and impairment. EBR’s Dr Brook Genene examines how these traditional treatment methods can cause more harm than good in many cases. He explores potential solutions.

Read more: https://ethiopianbusinessreview.net/towards-safer-healing-navigating-the-challenges-of-orthopedic-care/

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Ethiopian Business Review

22 Jan, 12:59

Canal+ Ethiopia A Brief, Impactful Journey

In March 2021, right after the COVID-19 lockdown and restrictive public activities ended, Canal +, a French premium television channel, announced the launch of its services in Ethiopia. The channel, launched in November 1984 and broadcasts to Metropolitan France, decided to open its office in Ethiopia. The large French TV company already had operations in Francophone countries in West Africa and identified Ethiopia as a unique market with a large, youthful population passionate about football and eager for entertainment options. However, after over three years of broadcasting, CANAL+ Ethiopia has announced that it will shut down its services. EBR’s Dr. Brook Genene takes a closer look at the operations of CANAL+ Ethiopia and the challenges faced along the way that ultimately brought its service down.

Read more: https://ethiopianbusinessreview.net/canal-ethiopia-a-brief-impactful-journey/

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Ethiopian Business Review

21 Jan, 12:59

More than Just a Library
Abrehot's Impact on Addis Ababa's Intellectual and Professional Landscape

Drawing people from all walks of life, Abrehot Library has become a sanctuary of learning and connection in Addis Ababa. From eager students seeking quiet study spaces to ambitious business owners looking for a hub of innovation, this Library has transformed into a cherished haven. Its state-of-the-art facilities, rich collection of resources, and inviting atmosphere have created a magnetic pull, making it the go-to destination for the capital’s curious minds and entrepreneurs alike. EBR’s Mintesinot Nigussie walks through the wonders of Abrehot Library, uncovering how it has become more than just a library but a beacon of opportunity in Addis Ababa.

Read more: https://ethiopianbusinessreview.net/more-than-just-a-library/

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Ethiopian Business Review

20 Jan, 12:59

Lost in Transition
The Plight of Stray Dogs Amid Addis Ababa's Corridor Development

The corridor development in Addis Ababa has transformed the city with its modern aesthetics, improved pedestrian pathways, and advanced transit systems that enhance connectivity and foster economic growth. However, this urban transformation has come at a high cost, as many neighbourhoods have been demolished, displacing numerous families. In the wake of this upheaval, many domesticated animals, such as cats and dogs, have been abandoned, left to roam the streets in confusion, searching for owners who can no longer care for them. These animals’ struggles highlight the often-overlooked costs of progress and raise essential questions about our responsibility toward those affected by urban development. EBR’s Mintesinot Nigussie sheds light on the impact of these changes, sharing the real-life stories of these animals and their displaced families.

Read more: https://ethiopianbusinessreview.net/lost-in-transition-2/

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Ethiopian Business Review

18 Jan, 08:22

IMF Backs Ethiopia with $3.4 Billion to Anchor Private Sector-Driven Growth

The International Monetary Fund (IMF) has approved a $3.4 billion financing package under its Extended Credit Facility (ECF) for Ethiopia, with an immediate disbursement of $1 billion. The four-year arrangement aims to support Ethiopia’s Homegrown Economic Reform (HGER) Agenda, which targets macroeconomic stability, external debt sustainability, and inclusive, private sector-driven growth.

Read more: https://ethiopianbusinessreview.net/imf-backs-ethiopia-with-3-4-billion-to-anchor-private-sector-driven-growth/

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Ethiopian Business Review

17 Jan, 12:59

What Will Weed Out Ethiopia's Young Banks, Capital Regulation Or Liquidity Crisis?

In the business world, a merger refers to joining two companies into one entity. The concept has made headlines recently because the government is preparing to open the sector to foreign competition. This is the second time in recent years that the issue has taken Centre stage in Ethiopia’s financial news after the two state-owned banks – the Commercial Bank of Ethiopia (CBE) and the Construction and Business Bank (CBB)– ‘merged’ in December 2015. Advocates of mergers say they provide several benefits to the financial sector, the least of which is weeding out young banks, thereby strengthening the overall sector. Others, however, think that the concept may be too cumbersome for Ethiopia’s nascent private banking industry, which needs more time to mature.

Read more: https://ethiopianbusinessreview.net/what-will-weed-out-ethiopias-young-banks-capital-regulation-orliquidity-crisis/

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Ethiopian Business Review

16 Jan, 12:59

Ethiopia's Tax Dilemma
Balancing Revenue Goals with Business Sustainability

In Ethiopia, the recent recognition of loyal taxpayers shines a light on the government’s efforts to enhance tax compliance amid ambitious fiscal goals. This recognition should make taxpayers feel appreciated and valued. However, as the country implements significant tax reforms to generate additional revenue, concerns arise from the business community regarding the fairness and impact of these changes, particularly on small enterprises. EBR’s Eden Teshome explores the dual perspectives surrounding Ethiopia’s tax landscape, highlighting the achievements celebrated during the recognition ceremony and the challenges businesses grapple with, such as increasing tax burdens and a complex regulatory environment.

Read more: https://ethiopianbusinessreview.net/ethiopias-tax-dilemma/

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Ethiopian Business Review

15 Jan, 16:57

Dashen Bank Launches Ethiopia's First Banking Super App

Dashen Bank has launched the Dashen Bank Super App, the first of its kind in Ethiopia. This platform aims to change digital banking by offering an all-in-one solution designed to improve customer experience and streamline banking operations.

Read More: https://ethiopianbusinessreview.net/dashen-bank-launches-ethiopias-first-banking-super-app/

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Ethiopian Business Review

15 Jan, 11:59

Ethiopia's Investment Conundrum A Tale of Promise, Peril

Once a darling of foreign investors, Ethiopia faces a complex web of challenges hindering its economic growth. Despite ambitious reforms and a promising future, the country’s investment landscape is marred by a series of setbacks.

Why has the much-anticipated influx of foreign investment yet to materialize? How have recent policy changes impacted domestic investors? What role does political instability play in deterring investment? And what can be done to revitalize Ethiopia’s economic potential, emphasizing the need for stable policies and peace for sustainable economic growth?

Read more: https://ethiopianbusinessreview.net/ethiopias-investment-conundrum-a-tale-of-promise-peril/

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Ethiopian Business Review

15 Jan, 03:52

A Perfect Storm
Ethiopia’s Banking Sector Navigates Uncharted Waters

Ethiopia’s banking sector is currently grappling with a severe liquidity crunch, causing significant distress to individuals and businesses. The effects are palpable, with delayed transfers, restricted cash withdrawals, and challenges in securing loans becoming the norm.

Why are banks struggling with liquidity? How have the government’s recent economic reforms impacted the banking sector? What are the real-world implications for businesses and consumers? And what steps are being taken to address the crisis? These are the pressing questions that need answers.

Read more: https://ethiopianbusinessreview.net/a-perfect-storm/

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