NEWS:

Ethiopia Cries

TEXTILE PUZZLE


Despite committing to export 80pc of their total production, local textile manufacturers do not seem to be making good on their promise. Instead, they are focusing on the local market. SNETSEHAY ASSEFA, FORTUNE STAFF WRITER, finds that the main reason stated is the incapability of contending in the international market.


MARKET BUZZ

The extended 55-day lent comes to an end for Ethiopian Christians with a very early breakfast of red chicken stew eaten at three o’clock in the morning, when people come…


Election Campaign Steaming Up

With less than two months to go before Ethiopians go to the polls, contesting political parties are stepping up their campaigns, using traditional as well as social media, though some are constrained by limited funds. As the spectre of a less than free and fair process raises its head with allegations of censorship and travel restrictions. FORTUNE STAFF WRITER, DAWIT ENDESHAW tests the heat of the election campaign waters.


Ethiopian, Egyptian Leaders Flow Smoothly on the Nile

Following the recent signing of a Declaration of Principles governing the way forward, the recent visit of Egypt’s President el-Sisi to Ethiopia is a turning point in relations between the two countries and signals a wind of change regarding historic differences over the use of the waters of the Nile. Ethiopia’s Grand Ethiopian Renaissance Dam seems to have gained an unprecedented level of acceptance but as FORTUNE STAFF WRITER, DAWIT ENDESHAW discovers, there are still many nuances to be worked out.


BELG BEHIND SCHEDULE

Delay in the Belg rainfall season attributed to climate change, causes regional anxiety about shortages in crop production and effects on livestock. However, to the contrary, available data indicate no shortfall in production. Price increases are associated with hoarding by middlemen who benefit from the higher prices. The impact of delayed rainfall is more keenly felt in animal husbandry.


Home Grown Leather Holds Sway at District Level

Consumers at Addis Abeba’s exhibition markets enjoy a variety of leather goods manufactured by small-scale leather producers who are demanding direct access to raw materials. As investment increases and production expands, these items are becoming available for export to other African countries as well as to markets in Europe and the United States. BROOK ABDU, FORTUNE STAFF WRITER takes us on a shopping expedition for locally made leather products and explains the production process


Parties’ Lukewarm Ideological Debate at Addis Abeba University

It seems that as the election process reaches its momentum, political parties have been using every outlet in order to present their ideological, policy and program alternatives to the electorates. As a matter of fact, debates between political parties are known for attracting the feeling of ordinary audiences and some characterised by fierce exchange of words. However, the debate that was held among three political parties had circulated around presentation of hardcore ideologies


Fasting Market Swings

Traders at a Crossroads with Vegetable Price Increase while meat may reign supreme during the rest of the year, it all but hibernates during the fasting season known as Lent. This, of course, creates a change in the market, in this case, giving rise to other food items such as vegetables and fish.


THE SALT IN OUR LIVES

Salt is among the most abundant resources that the country has. It is also the least used resource and the most sensitive commodity in the country. Although the produce at the resource sites is many, the market demand is not able to absorb it all. The production is also not supported by technology thus, leaving the country’s salt iodization uneven. BROOK ABDU, FORTUNE STAFF WRITER, gets into the salt issues that are behind the scenes.


Alle Bejimla: A Game Changer?

The chain of events that led to the establishment of Alle Bejimla are very simple. There was lack of competition in the market, which in turn caused high rates of inflation, which in turn prompted the government to launch Alle Bejimla. But this is not to say that Alle Bejimla has been the answer to the prayers of consumers, retailers and the like. FASIKA TADESSE, FORTUNE STAFF WRITER, looks into why.


The Banking Boom

While it is mostly good news for the private banks in Ethiopia in terms of paid-up capital, there is also a flip side to the coin in terms of earnings per share (EPS). But the bulk of the criticism surrounding the banks stems from their lack of good service as well as the lingering criticism that they have no room for growth. BROOK ABDU, FORTUNE STAFF WRITER, delves deeper into the matter.


The Improved Seed Irony

It has been several years since Ethiopia started using seed improved seeds but, according to some data, only eight percent of farmer in Ethiopia are using improved; In fact, the government claims the number has reached 20pc. Even more, the framers who use improved seeds claim they are facing changes in getting the seeds. Apart from all, the amount of seed which is are produced for distribution is not fully strewn to the farmers, leaving a significant amount of left over seeds stocked annually and the amount roughly goes to 20pc of the total seed production, FASIKA TADESSE, FORTUNE STAFF WRITER explores paradox of improved seeds.


Restrictive Light Rail Fences Lead Businesses to Huge Losses

The two-line electrified railway project, having a 31Km length is in the final stage since its commencement back in 2011, down the line of its commencement, the project is a source of hope for the people who are suffering from transportation problems, but the fence that is installed to separate the rail from the road is becoming a source of disappointment for the businesses located on the side of the rail projects causing decline in their sales, reports FASIKA TADESSE, FORTUNE STAFF WRITER.


Nation falls short of MDGs

The Millennium Development Goals that 189 countries around the world approved at the United Nations Millennium Summit in 2000 and set out to accomplish is going to be concluded by the end of 2015. As only months are left before the deadline, the UN Economic Commission for Africa in partnership with the African Union, the African Development Bank, and UNDPhas published a report that assess and evaluates the progress of Africa towards the MDG. SNETSEHAY ASSEFA, FORTUNE STAFF WRITTER focusing on Ethiopia, will go through the achievement as well as the shortcoming efforts of Ethiopia towards the goal.


Editorial

Foreign currency shortage is a problem that the ruling EPRDFites admit...


Agenda

Despite committing to export 80pc of their total production, local text...


Fineline

There is no love lost between the Revolutionary Dem...


Commentary

History will be remembering Lew Kuan Yew of Singapore and Meles Zenawi...


Viewpoint

Poised to reverse the number of Eritrean refugees leaving the country a...


Opinion

This past Sunday, followers of the Ethiopian Orthodox Tewahedo faith ce...


Capital Insight

The recent anti-corruption crackdown surprised both citizens and analys...


View From Arada

Agriculture is the mainstay of Ethiopian economy. But it is also the ma...


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