Doing Business in Ethiopia

13/06/2020

13/06/2020

I am pleased to present to you the first edition of Doing Business in Ethiopia (DBE). Built to be the most resourceful magazine for investors, business owners, entrepreneurs, professionals, and academia, DBE strives to inform, engage and inspire our readers on investment, business, finance, and the....

13/06/2020

TSEDENIA MEKBIB, MANAGING DIRECTOR, PITTARDS ETHIOPIA DBE: Tell us about Pittards, when was it established and when did it start its operation in Ethiopia? Tsedenia Mekbib: Pittards PLC is a UK based company that specializes in the tanning of leather. The company was established in Sherborne in 1826...

13/06/2020

KEBOUR GHENNA, MANAGING DIRECTOR, PAN AFRICAN CHAMBER OF COMMERCE AND INDUSTRY DBE: What is the definition of privatization, and why do governments choose to privatize publicly held companies? Kebour Ghenna: Privatization is often employed to describe a range of policy initiatives designed to alter....

13/06/2020

PAUL REYNOLDS, DIRECTOR OF INVESTMENT & BUSINESS DEVELOPMENT DBE: Tell us about Inchcape: when was it established? What does its global operation look like and what is its relationship with MOENCO? When did it start its operation in Ethiopia? Paul Reynolds: Inchcape is a business that began in the l...

13/06/2020

TESFAYE HAILEMICHAEL, SENIOR VICE PRESIDENT, CERBERUS FRONTIER DBE: What is a Stock Exchange? Tesfaye Hailemichael: A stock exchange is a platform- a market place, where companies’ shares or stocks are bought and sold; you may have heard of the New York Stock Exchange or the NASDAQ. Companies list...

13/06/2020

MELESE M. TASHU, SENIOR MACROECONOMIC ADVISOR, NATIONAL BANK OF ETHIOPIA DBE: What is included in the Home Grown Economic Reforms, and what was the need for introducing this three-year reform? Melese M. Tashu: Let me first address the second part of your question, i.e. the rationale for introducing....

13/06/2020

DR. FIKRU MARU, CO-FOUNDER, ADDIS CARDIAC HOSPITAL DBE: Tell us about Addis Cardiac Hospital- when was it established, what kind of services does it provide? What makes it different from other public and private cardiac institutions? Dr. Fikru Maru: Addis Cardiac Hospital (ACH) was established in 20...

13/06/2020

TEWODROS MEKONNEN, PHD, SENIOR ADVISOR, NATIONAL BANK OF ETHIOPIA DBE: Give us an overview of Ethiopia's industrialization policy. Tewodros Mekonnen, Ph.D.: Industrial policy, in general, has been at the heart of the development plans in Ethiopia since the time of the imperial period. Emperor Hailes...

13/06/2020

DAWIT ABRAHAM, CEO, CO-FOUNDER, QENE TECHNOLOGIES I first had my idea for Qene Technologies while I was in my final year at Addis Abeba University (AAU): an ambitious 22-year-old eager to change the world and accumulate great wealth by 25. In 2015, I had been interning at iCog-Labs, an AI research c...

13/06/2020

MELAKU SAHLU, PRESIDIO REAL ESTATE REAL ESTATE IN ADDIS HAS SOMEWHAT OF A CHECKERED HISTORY. TO SOME EXTENT, WE MIGHT EXPECT IT IN A RAPIDLY DEVELOPING CITY WHICH IS TRANSFORMING ITSELF INTO A MODERN METROPOLIS BEFORE OUR VERY OWN EYES. ESPECIALLY GIVEN A HIGHLY DYNAMIC URBAN PLANNING DEPARTMENT TO....

13/06/2020

YOSEPH DESTA, ATTORNEY AT LAW, LEGAL ADVISOR Article 11: Probation Period Increased from 45 working days to 60 working days. Both the employer and the worker have the right to shorten the probation period and terminate the contract without notice or reason during this period. Article 12: Obligations...

13/06/2020

ENDALKACHEW SIME, SENIOR ADVISOR, PLANNING & DEVELOPMENT COMMISSION I had a chance to discuss the Ethiopian economy with so many foreigners. After discussing on size of our economy, its growth rate, our productive population size, our agricultural potential, our mega projects like industrial parks a...

13/06/2020

LEA MEHARI, ASSISTANT LECTURER, SCHOOL OF LAW, AAU There has never been a better time to invest in Ethiopia. We stand at a time where there are numerous changes taking place. An increase in foreign direct investment inflow, privatization, and amendments of laws are taking place at a rapid pace. In J...