Economy

In Ethiopia curtains can be the reflection of your home from the outside. So you need them to be clean and crease-free! Don’t know how to clean them at home? Don’t worry; in Ethiopia we’ve got your back! Most ready-made curtains and blinds have a manual that tells you how to care for them. Otherwise, you can ask any curtain manufacturer in your area or even google it! Or read this article! How...

It was reported by Dawit Endeshaw and edited by Giulia Paravicini, George Obulutsa, and Mark Potter that there have been 389 confirmed COVID-19 cases and trolled into 5 deaths with 69,507 tests conducted until May ‘20. But the Ethiopian telecommunications sector is set to issue licenses of two new telecom operators despite the novel coronavirus outbreak within a population of 110 million. At the...

Confirming the launch of the leading as well as in all probability the most contested African hydro-electrical complex, the Ethiopian Prime Minister Abuy Ahmed made the announcement," Without bothering and hurting anyone else; we have completed the first dam filling." For Ethiopia, this is a democracy issue mainly revolving around two levels, political and economic. The economic aspect mainly revolves...

Real estate sector in Africa has been experimenting an impressive growth. On average, 10,000 accommodations miss each year in most of these countries, and despite some governmental endeavors, the shortfall is still important. According to several studies, African population is going to increase over threefold during the next 40 years. This demographic growth will inevitably go with a strong development...

Ethiopia is the African country where is the most important number of millionaires. This comes from the success of the economic growth based on subcontracting. The number of millionaires increased by 108% between 2007 and 2013 and reached 3,000 people. This growth is more important than anywhere else in Africa. One might explain it is due to the GDP growth that was two digits during the 2000’s. The...

Flooring minimum wages is a global challenge. It is complex as several variables have to be considered. This is vital as it promotes fair resources distribution, protects workers against unduly low wages and solves the inequality in living standards. Minimum wage floor is also an element for policies development seeking to reduce poverty levels. This issue proves quite challenging to developing countries...

Reports from Global Economic Prospects (GEP) released early this year forecasted 3.2 percent growth acceleration in Sub- Saharan Africa this year. This would be an increase from the 2.4 growth percent recorded last year and the preceding slowed growth rate in 2016 at 1.3 percent. The World Bank’s GEP report indicated that Ethiopia would be the fastest growing country compared to others in the region....

On January 30, 2018, Addis Ababa hosted African Business and Investment Forum. The one-day event featured discussions related to energy, trade, health, agribusiness, and diversification. The platform links the US and African heads of state, representatives of multilateral institutions, ministers and other stakeholders with similar interests. The organization of the conference paved the way for leaders...

Ethiopia is known as one of the African countries with a stable and steady economy. The stability in its economy can be credited to the cordial working relationship between the state and the foreign investors. Sources have it that Ethiopia has a good number of international investors from Asia, Gulf and European nations which are believed to have the most reliable economic pillars. An investment...