Weaving the Yarn Around GTP II


Industry everywhere is highly dependent on an enabling environment with availability of the necessary infrastructure and utilities to inspire investor confidence. Yet, as FORTUNE’S STAFF WRITER, BROOK ABDU discovers in talking to manufacturers, this sector is fraught with challenges, and it is not clear how the transformation from its dismal performance in GTP I to its hoped-for performance in GTP II will be realistically achieved.


New Trend in Banking

Wegegan Bank and Bank of Abyssinia have joined the ranks of banks concerned to enhance their capacity to compete internationally and improve service delivery to their customers. Both have contracted the consultancy firm Deloitte to provide consultancy expertise in designing new strategies to manage the changing environment and respond to customer demand. DAWIT ENDESHAW, FORTUNE STAFF WRITER, hears from the bankers and their consultants what is required to centralise and modernise banking services.


The Significant Role of Women for Sustainable Development

Of all the visits he could have made, UN Secretary General, Ban Ki-moon opted to prioritise his visit to the women in micro-enterprise for export. This sends a strong signal about this sector and gender in financing the post-2015 development goals. In talking with women about their varied roles and issues in the production process, FORTUNE STAFF WRITER, BROOK ABDU has helped to connect the development dots between women, trade and empowerment in the sustainability equation.


Schools Close, Businesses Open

Summer camps are not only for children. They also provide for parents the answer to their question of how to occupy their children during the long school vacation. They provide new learning, social interaction and fun, creating lasting memories and often forging friendships. FORTUNE STAFF WRITER, HIDAT ARKEBE enters the world of summer camps in Ethiopia and explores not only the interesting programmes they offer but also the business experience of running them.


Custom-Made Coats For A Long Cold Summer

Summer wear in Ethiopia is not light and skimpy as this is the cold, wet season which warrants wearing warmer clothing than the rest of the year. Locally sewn, custom-made summer coats are the latest trend and LUCY KASSA, FORTUNE’S STAFF WRITER explores what this fashion statement means for business as she talks with tailors, designers and retailers of cloth and coats.


ONLINE DESIGN

Information and Communications Technologies have changed the world and business owners who wish to remain competitive comprise the clientele of website hosting and design entities. FORTUNE’S STAFF WRITER, SNETSEHAY ASSEFA discusses the technical and artistic side of this business with Website developers in Addis Abeba.


Motion Picture Music

As Ethiopia’s film industry matures, increasing attention is being paid to the creation and use of movie scores as an integral aspect of the production. They add to audience enjoyment of the films being viewed and as FORTUNE’S STAFF WRITER, SNETSEHAY ASSEFA discovers, they mean new business opportunities for the country’s musicians


Social media in Fifth National Election Campaigns

Social media can be a boon, particularly when freedom of expression is denied. Though some of the parties that contested last week’s election have social media sites, they can use them more strategically to garner a greater number of votes and to educate the electorate. FORTUNE STAFF WRITER, SNETSEHAY ASSEFA explored the terrain not virtually, but face-to-face with party spokespersons and may follow them all on Twitter after this.


Anatomy of democracy

There are signs and indicators of the potential for a culture of democracy to flourish in Ethiopia. One such sign is
the fact of national elections, along with supporting pillars to protect the credibility of institutional governance. FORTUNE STAFF WRITER, LUCY KASSA is educated on the nature of a culture of democracy in this interview with experts and academicians in the aftermath of last week’s election.


Wall Branding Bombardment

Despite its expense, wall branding is gaining traction and it is more effective than billboards, which have been controversially banned from public property since 2012. As FORTUNE STAFF WRITER, BROOK ABDU discovers from advertisers and their clients, wall branding is increasing but its cost is becoming prohibitive.


Music Schools Boom

Music schools cater to the needs of those pursuing careers in classical music or jazz but more so to those who enjoy playing music as a hobby. While the number of private music schools is growing, LUCY KASSA, FORTUNE STAFF WRITER finds out that they are not lucrative businesses as the requirements for licensing are stringent.


THE PRICE OF BEAUTY

Cosmetics are always in high demand as people like to look, smell and feel good about themselves. As FORTUNE STAFF WRITER, SNETSEHAY ASSEFA visits the cosmetic shops in Piassa, both their owners and customers share details about the dynamism of formal and informal trade in the products of the beauty business.


RENT FOR EVENT

W
eddings are not a low-cost affairs nowadays and rentals are bound to feature in the budget, especially when the guest list is long. At this peak wedding season, FORTUNE STAFF WRITER, SNETSEHAY ASSEFA is enlightened by those in the rental business about the costs of wedding rental services they provide.


CONCRETE DEMAND

The stock of the cement traders at Megenagna was almost non-existent up Fortune stepped over to the place to investigate the cement paradox. Exclusive and limited cement brands have dominated the market…


TRADITION TAKES OVER

The period immediately following Fasika is the wedding season and invitation card sales spike in preparation for this time. YONATHAN ABEBE, FORTUNE STAFF WRITER finds out from the printers of these cards that of the available choices, customers prefer traditional designs.


SWEET BUSINESS

The market of Gojam Berenda, which is located within the biggest market place, Merkato, is well known for its varied supply of honey and butter. The usual way of supplying…




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