New Trends in the Fishery Market

The seasonal fish market is in full swing, with the advent of the Easter Lenten season. However, like other seasonal fish, the year round market for fish is still strong. However, with the growth of the population and the spread of industry, fish populations in some rivers and lakes are falling. Runoff from flower farms is said to be one of the reasons that fish populations in Lake Ziway, although it is only one reason that the fish market is floundering, as SAMSON BERHANE, FORTUNE STAFF WRITER, reports.

The Saga of Unemployed Graduates

Youth unemployment has been a hotly debated topic in Ethiopia, particularly after the announcement of the revolving Youth Fund by President Mulatu Teshome last year. However, youth in areas outside of Addis Abeba, who have been educated, but have not managed to find jobs, are finding themselves increasingly frustrated with their situation. For some, the Youth Fund represents new possibilities. Some others are less optimistic. Youth in the areas southeast of Addis Abeba represent both views, as SAMSON BERHANE, FORTUNE STAFF WRITER, reports.    

Road Maintenance Divides Addis Residents

Road maintenance in Addis Abeba has been a bone of contention between city authorities and residents for many years. The rapid flow of people from rural areas into the city means that more people than ever are sharing the streets, whether they are drivers, or pedestrians. The Addis Abeba Roads Authority’s program of repairing and upgrading the streets of Addis Abeba has found some admirers among the city residents, as MENNA ASRAT, FORTUNE STAFF WRITER, reports.

Late Payments Derail Machinery Rental Business

Ashenafi Beza has been in the business of renting out construction machinery  for the past five years. Like many others, it was Addis Abeba’s construction boom that attracted him to…

Businesses Buckle Under Forex Crunch

Foreign exchange shortage has been gripping Ethiopia for almost the past decade. Essential imports, such as medicine and grain, as well as forex generating industries such as manufacturing have been receiving priority to access foreign currency. The country’s swift economic growth and the growth of its manufacturing sector has put pressure on foreign currency reserves; a situation which is not expected to be alleviated for another 15-20 years. However, smaller import businesses, such as furniture and gift importers are being left behind and made to rethink their business models, as MENNA ASRAT, FORTUNE STAFF WRITER, reports.

Bright Prospect for Local Mobile Assemblers

  Birhan Abera’s electronics shop is one of a few mobile phone distributors located inside Addis Abeba Mall. Her shop has been an agent for a local mobile assembler called…

New Waste Pickup System Causes Headaches

The sanitation and garbage management of Addis Abeba has always been a subject of scrutiny for its residents. Controversies about landfills and waste disposal have hung over the city and its administration in recent years. However, now, there is a new system that is being implemented for managing the city’s voluminous waste: compactor trucks. So far four districts have implemented them, with more to follow. However, residents are not finding that they are any better than the usual systems, as MENNA ASRAT, FORTUNE STAFF WRITER, reports.

ATM Woes Plague Customers

Since ATM’s were introduced to the banking system in Ethiopia almost a decade ago, people have enjoyed the ease in which they can access their accounts. More customers have become accustomed to using an ATM machine nearby to make a quick withdrawal. But, lately, ATM’s around Addis Abeba have been experiencing glitchs leading to dysfunctional and unpredictable service. Now they are causing problems for customers trying to withdraw money, with some not being able to get their cash, a MENNA ASRAT, FORTUNE STAFF WRITER reports

Hiccups in Remittance Flow Around Holidays

Holidays are mostly considered by the Banks to be a peak season when it comes to remittance flows. Among other things, Banks will rush to have the biggest pie from the cake using different strategies from aggressive promotions and to sometimes providing gifts for those who use their bank channel to attract customers. However, anecdotal evidences indicate that the week before the Ethiopian Christmas was struck by a slow down in the volume of the remittance , reports, DAWIT ENDESHAW, FORTUNE STAFF WRITER.

Christmas Trees : A festive season must have

Christmas trees are a recent, but popular phenomenon in Ethiopia. Families shop for the best quality trees that they can find to decorate their homes with. The popularity of the decoration has spread beyond households into a growing competition among businesses for customers’ attention. The larger the display, the bigger the crowd it draws, and the more revenue it attracts. With displays getting bigger and more elaborate, every year, some business are having to reach newer heights to keep customers coming back for more, as BEZAWIT ADMASU, FORTUNE STAFF WRITER, reports.

Workers’ Safety a Growing Concern

Occupational injuries, especially on construction sites, have become frequent headline news in recent weeks. Disagreements between employers and employees are also being reported at a higher rate, with more workers coming to the point of either litigation or mediation. So far there has been no comprehensive national policy regarding workplace safety, although a draft policy has recently been unveiled. The new policy aims to fill the gaps in health and safety procedures in the workplace, although there are still many cases of health and safety risk in industrial situations that aren’t being addressed properly, as DAWIT ENDESHAW, FORTUNE STAFF WRITER, reports. 

Dam if You Do, Dam if You Don’t

Ethiopia is counting on a great leap forward by going big on massive dams.The Gibe III project was just completed and inaugurated. It is now able to generate electricity at its complete capacity. However, there have been many complaints about the effects that the Gibe III dam would have on the environment and the people to live next to and with the Omo river from Ethiopia into Kenya. Although great efforts have been made to mitigate the effects that the dam would have on the local community, it may be too soon to tell, as MENNA ASRAT, FORTUNE STAFF WRITER, reports.

The Tangled Tale Behind Sugar Shortage

In recent weeks, there has been a shortage of sugar in Addis Abeba, leading many to wonder if the problem doesn’t stem from the much discussed but seldom changing issue of domestic sugar production. According to industry experts there are issues on both the supply side and the distribution side. But household consumers are not the only ones being affected by the shortage. Confectionery factories that produce candies and chocolates have also not received the sugar they need for their products. The issues on all sides have affected consumers from the industrial to the household level, as DAWIT ENDESHAW, FORTUNE STAFF WRITER, reports.

Rise in Parallel Forex Market Raises Concern

As shortage of foreign exchange intensifies in Ethiopia, many are forced to turn to the black market. This comes as local hotels appeal to the Prime Minister to help them lift advisories placed on the country as a result of the recent civil unrest by a number of foreign countries. In the mean time, the World Bank is calling for the devaluation of the local currency to help curb the shortages and kick-start the local economy, FORTUNE STAFF WRITER, DAWIT ENDESHAW reports.

A Hike on Price, Demand for Three Wheeler Vehicles

Rickshaws are expanding their outreach across almost all the major cities, towns and even in rural parts of Ethiopia, while at the same time pushing aside classic transportation systems such as horse-drawn carriages. Although they’re not commonly visible in the inner city areas of Addis Abeba, these small three wheeled vehicles have become the face of cities and towns across the country. With a variety of brands available, demand and price are escalating. However, the market environment and competition in the industry are rapidly changing, FORTUNE WRITERS, DAWIT ENDESHAW & BEZAWIT ADMASSU report.

Night Time Blues Getting Better

A state of emergency was declared in Ethiopia in October 2016. Since then, many parts of the business and industry sector have been airing their grievances about its effect. In the midst of the business slowdown, people who make their living at night have been feeling the pinch more than most. However, with tensions lightening and people feelings free to go to their favourite night time haunts again, night businesses are almost completely back to normal as HAWAZ MERAWI, FORTUNE STAFF WRITER, reports.


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