የአዲስ አበባ ንግድ ምክር ቤት/ አዲስ ቻምበር/ ከራሺያዋ ሴንት ፒተርስበርግ ከተማ ለመጡ ዓለም አቀፍ የቢዝነስ ትብብር አባላት በኢትዮጲያ እና በአዲስ አበባ ስላሉ የንግድ እና ኢንቨስትመንት አማራጮች ገለጻ አደረገ፡፡ የአዲስ ቻምበር ዋና ጸሃፊ አቶ ጌታቸው ረገሳ በሀገሪቱ ስላለው የግል ዘርፍ ሁኔታና እምቅ አቅም ማብራሪያ ሰጥተዋል፡፡ በውይይቱ ላይ በምክትል ከንቲባ ማዕረግ የመንግስት አገልግሎት ሰጪ ተቋማት አስተባባሪ አቶ ጃንጥራር አባይ እና ሌሎች የአዲስ አበባ ከተማ አስተዳደር ከፍተኛ አመራሮች ተገኝተዋል፡፡
Addis Ababa Chamber of Commerce & Sectoral Associations signed memorandum of understanding (MoU) agreement with the city administration to work in partnership, Sheraton Addis, Jan 14, 2021.
The broad objective of the agreement is to support the private sector and enabling it to highly contribute for the national economy. It also aims to solve the main bottlenecks of the private sector and the way forward in improving the public-private partnership.
Before considering liberalization, Professor Alemayehu Geda suggested that the Government of Ethiopia needs to address issues such as inflation, to avoid mistakes of liberalization in the neighboring Kenya, which worsened the country’s high inflation and made real deposit rate negative.
“In the case of Kenya, despite the interest rate liberalization since 1989 interest rate spread remained high. The initial positive real interest rate also quickly returned to negative,” stated the latest study by Professor Alemayehu, entitled, ‘Deregulation and Liberalization of the Ethiopian Financial Sector: Possible Risks and Lesson from Experience’. This assessment is commissioned by the Addis Ababa Chamber of Commerce.
“This situation is strikingly similar to current Ethiopian situation where inflation is high, the Birr is depreciating quickly and the Government and the IMF are planning on attaining positive interest rate with liberalization of interest rate. Thus, it goes without saying the outcome would also be similar – non-achievement of the intended result of efficiency,” noted Professor Alemayehu.
“Upgrading the regulatory and supervision capacity at NBE is key to avoid Kenya-type financial sector crisis following liberalization,” the study stated. Professor Alemayehu noted that the related policy of liberalization of foreign exchange market and trade on top of the interest rate deregulation made regulators weak and unable to handle the challenge of the liberalization.
He also advised the Government of Ethiopia to avoid privatization of the state owned banks – Commercial Bank of Ethiopia and Development Bank of Ethiopia, which have around 60 percent market share in the industry at the moment.
“The Ethiopian government needs to watch out for development-oriented banks (Commercial Bank of Ethiopia and Development Bank of Ethiopia) so as to keep them from failure and privatization by international financial institutions.
There is no single country that grew without development banking (Asia/China, Korea, Taiwan, Germany etc being some of the examples). It is in your national interest to have a healthy public banking sector as it is key for national development (so look the big picture),” Professor Alemayehu advised
August 12, 2020 By Ashenafi Mitiku Since officially declared as pandemic in March 2020, COVID 19 has disrupted the life and socio economic activities of humanities across the globe. In addition to infecting millions and killing hundred thousands people across the world, the pandemic has affected the income and livelihoods of many more millions in different parts of the world. Ethiopia is no exception to this state of affairs.
In Ethiopia, sectors such as hotel and tourism hit hard by the pandemic compelling many to lose their job including the government. The pandemic strangely affected all kinds of business be it small or big. Yeshi,who is in her forties and mother of three, earns her income by selling earthenware products. She is also one of the thousands of beneficiaries of Timret le Hiwot Ethiopia,( coalition for life) anon-governmental charity organization with social enterprise wing, based in Ethiopia. In its wider project, Timret le hiwot Ethiopia have benefitted women who are destitute and neglected. These women, numbering more than 5000, have taken life skill and entrepreneurship trainings in various fields such as pottery, weaving, hair dressing among others so that they produce and sell their product and earn income to support their families.Yeshi is one of them who earns income from earthenware products. Unfortunately, the working hands of Yeshi could not feed her family member due to the current pandemic. “There is no market for our products due to COVID 19 and we lost our income facing hardship”, says Yeshi with sad voice.
Mesfin Kifle is the social enterprise manager at Timret le Hiwot Ethiopia who said that there used to be a market linkage to sell their produce before the outbreak of the pandemic but not anymore. He further says some women are more vulnerable for poverty due to their loss of income.
Hearing the news of this story, Addis Ababa chamber of commerce and sectoral association board of directors and senior managers paid a visit to the working site of these women on 7th August 2020, donated food and edible oils for 150 women who lost their market due to COVID 19. Since the outbreak of the disease, Addis Chamber took numerous measures in creating COVID awareness for the business community as well as carrying out in depth survey report with the intention of mitigating the impacts of COVID 19 in business communities.
This is the latest intervention of Addis chamber in reaching out affected business communities in the capital Addis Ababa. While delivering the food items ,Mesenbet Shenkute, the president of Addis chamber said that the donation will help only to satisfy the urgent need of the women however Addis Chamber intends to support these women permanently by designing new projects in partnership with the local and international partners, further says the president. She further states that ,Addis chamber encourages and supports such kinds of women not to give up for any kinds of challenges further says in her encouraging speech.
“These are my heroes who never stretch their hands for food aid but now they face hardship due to the global pandemic”, says Kibret Abebe , the renowned social entrepreneur and board member of Addis chamber. The working hands of these strong women should be supported and they should feel people are on their side at this critical period,Kibret further explains. Aid has never been the solution in alleviating poverty, it is rather the way out for escaping poverty,and as such should be encouraging and supporting such kinds of brave members of society should continue, Kibret adds. Women like Yeshi and many others are working in a difficult working environment hoping better days to come soon.
(ነሃሴ 12፣2012) የአዲስ አበባ ንግድና የዘርፍ ማህበራት ምክር ቤት የኮቪድ 19 ወረርሽኝ መከሰቱን ተከትሎ በሽታውን ለመከላከል የሚያስችሉ ምላሾችን እየሰጠ ይገኛል፡፡
ከዚህ ጋር ተያይዞ ምክር ቤቱ በኮቮድ 19 ምክንያት ተጋላጭ እና ተጎጂ የሆኑ የህብረተሰብ ክፍሎችን ከሚመለከታቸው ባለድርሻ አካላት ጋር በጋራ በመሆን ድጋፍ በማድረግ ላይ ይገኛል፡፡
የዚህ አንድ አካል የሆነው ማእድ የማጋራት ፕሮግራም ሽሮሜዳ ለሚገኙ 150 ለሚሆኑ አቅመ ደካሞች እና በኮቪድ ምክንያት ገበያ ላጡ ሸክላ ሰራተኞች የመጀመሪያውን ዙር 150 ሺህ ብር ወጪ በማድረግ የምግብ እና የዘይት ምርቶችን በመስጠት ማህበራዊ ሀላፊነቱን ለመወጣት ሞክሯል፡፡
በቀጣይም በልደታ እና በአራዳ ለሚገኙ ተጋላጭ የህብረተሰብ ክፍሎች ለመድረስ እቅድ ይዟል፡፡
በቀጣይም የሽክላ አምራቾቹ ዘላቂ በሆነ ሁኔታ የሚደገፉበትን እና ምርታቸው በዘመናዊ መልኩ የሚያመርቱበትን መንገድ እንደሚመቻች የንግድ ምክር ቤቱ ፕሬዚዳንት ወ/ሮ መሰንበት ሸንቁጤ ተናግረዋል፡፡
የምክር ቤቱን ፕሬዚዳንት ጨምሮ የዲሬክተሮች ቦርድ አባላትና ማኔጅመንቱ እንስራ ተባለውን የሸክላ ማእከል ጎብኝተዋል፡፡
The Addis Ababa Chamber of Commerce and Sectoral Associations (AACCSA) launched a five-year policy plan that it hoped will help the country create a robust private sector, ENA reported. Herewith the links for all media houses reported about this important policy alternative document.
በአዲስ አበባ ንግድና የዘርፍ ማህበራት ምክር ቤት በምክትል ዋና ፀሃፊነት እና በልዩ አማካሪነት ያገለገሉት አቶ ተፈሪ አስፋው ከዚህ አለም በሞት መለየት ምክር ቤታችን የተሰማውን ጥልቅ ሀዘን እየገለጸ ለባልደረቦቻቸው እና ወዳጅ ዘመዶቻቸው መጽናናትን ይመኛል፡፡
አቶ ተፈሪ አስፋው ከ1992 ዓ፣ም ጀምሮ በምክር ቤቱ በተለያዩ የሀላፊነት ቦታዎች ያበረከቱት አስተዋጽኦ የሚደነቅ መሆኑን እየገለጽን በምክር ቤቱ የተዉት አሻራም ለወደፊቱ በታሪክ የሚታወስ ይሆናል፡፡
የምክር ቤታችን የዳይሬክተሮች ቦርድ አባላት፣ ማኔጅመንትና መላው የምክር ቤቱ ሰራተኞች በአንጋፋው ባልደረባችን ድንገተኛ ህልፈተ ህይወት የተሰማንን ጥልቅ ሀዘን በግሉ ዘርፍ ስም እየገለጽን ለንግዱ ህብረተሰብም ላበረከቱት የላቀ አስተዋጽኦ ክብር የሚሰጠው ነው፡፡
The Addis Ababa Chamber of Commerce and Sectoral Association (AACCSA) has created a new virtual model of training to assist its member companies during the pandemic. The online trainings were prepared in partnership with the European Chamber of Commerce and Industry (ECCI) and cover topics such as international economics and finance, information technology, business ethics, and international business law. When companies successfully complete their trainings, ECCI will confer each participant with an internationally accredited Global Commerce License certificate.
In addition to offering new online trainings, the AACCSA has also been busy listening to member needs and developing COVID-19 exit strategies to bring the nation’s economy back on track. The Chamber released a proposal on how the private sector can work to curtail the pandemic, as well as a catalog with policy initiatives that will help cushion industries from its economic effects. Among these proposed initiatives: additional tax relief for affected industries, the securing of imports of raw materials, the temporary suspension of exports of essential agricultural goods, the lowering of interest rates, and the price regulation of goods in extreme demand. The Chamber also played a facilitating role in the German Federal Ministry of Economic Cooperation and Development’s pledge to provide financial support for measures undertaken by privately owned companies that significantly alleviate some of the negative impacts of the pandemic in Ethiopia. Suitable projects will be funded with up to 200,000 EUR.
The Chamber has also taken on a prominent role in disseminating communications that promote economic and pandemic recovery. For example, they prepared and dispatched a summary report of the pandemic’s effect on the private sector, COVID-19 Impact on the Economy and Business: Lessons on Necessary Actions for Businesses. The Chamber has also produced news spots, advertisements, and programs on the importance of the participation of the business community and associations in fighting and controlling COVID–19, including awareness programs from prominent voices in the business community. Additionally, the Chamber has developed and disseminated promotional and educational videos and audio recordings to fight the epidemic directly.
The AACCSA has completed sensitization tasks on the importance of corporate social responsibility and handed out protective and essential sanitary materials such as soaps and hand sanitizers to local businesses. The Chamber has developed brochures and newspapers to advertise the recommended policy initiatives to galvanize wide support.
The information, education, and communication materials on COVID-19 developed at the Chamber are available to be shared by members in mainstream and social media. The Chamber has also completed regular communication updates on COVID-19 and its evolving implications for business, sharing experiences and lessons pulled from businesses in different countries. Addis Chamber TV, radio, and newspapers have undertaken a 360-degree media campaign to further broadcast these messages on critical issues in the business community during and post-pandemic as they begin to look towards recovery.
Shouldn’t we start with questions about what has happened to the economy — and what is likely to happen to it — in a structural sense, and what that might require of policy, rather than starting with well-worn answers and working backwards?
The COVID-19 pandemic has now spread to over 180 countries, including several countries in sub-Saharan Africa. Ethiopia reported its first COVID-19 case on 14 March 2020. A month after the detection of first case, the economic impact of the pandemic is already being felt. Recently the international monetary fund/IMF/ lowered its 2020 growth forecast to around 6 per cent. Among the key sectors most strongly affected are aviation, hospitality, tourism, and horticulture. Generally, the export sector, is likely to be adversely affected.
In fact the government has been rightly praised for its quick economic response to the economic slump triggered by the virus, the actual economic effect is still playing out in many sectors of the economy.
Ethiopian Businesses are still battling through the processes of working out what support they are entitled to, negotiating with staff and banks, trying to establish just what is a viable path through for the next few months and year.
We are still only just getting a picture of how the virus has affected different states, industries and workforces. The government should underscored the need to support the private sector and protect many thousands/million jobs at risk, particularly in the manufacturing and service sectors across the nation.
Some interest and principal payments on corporate debt, leases, extended credit facilities, refinancing schemes and guarantee facilities should to think to partially at least to waive, restructure and provide additional liquidity in the near future for some critical sectors including agro industries, tourism, hotel and travel, imports and exports, pharmaceuticals.
A liquidity line should also be made available to the private sector to ensure the continuity of essential purchases and all SMEs that are dependent on trade can continue to function.
Various fiscal and monetary policy response measures should be taken to protect incomes and cushion the economy. COVID-19 is now understood as a major challenge across Africa, given resource constraints, limited facilities, and fragile health systems. Both short- and long-term measures are needed to address the serious impacts of the pandemic in Ethiopia.
In the short-run, budgetary reallocations towards critical sectors and the provision of safety nets to the most vulnerable are most needed. In the long term, Ethiopia ought to think of strategies for re-engineering the economy and minimizing the impact of future shocks on poor and vulnerable groups.
It is time to provide more incentives to supply local needs through local production and innovation. There is already an on-going initiative to produce masks and personal protective equipment locally. This idea can be expanded for other essential products and will boost supply chains and local industries to sustain jobs.
The Addis Ababa Chamber of Commerce and Sectoral Associations has come with new, but known virtual / online/ model of training to assist its member companies. The Trainings are prepared in partnership with European Chamber of Commerce and Industry, according to sources from the Addis Chamber’s Communication and promotion department. After properly complete those trainings, an international accredited Global Commerce License certificate will be delivered by this organization. According to Kassahun Mamo, Manager of the department said, those courses are International Economics & Finance, Information Technology, business ethics, and international business Law. Addis Chamber (AC) also proposed COVID-19 exit strategies to bring the nation’s economy back on track. AC has released recommendations how the private sector curtail the pandemic. Addis Chamber also developed a catalogue with policy initiatives to cushion industries from the economic effects. Among the initiatives/ proposals, according to Kassahun are: Tax relief for affected industries, securing imports of raw materials, temporarily suspension of exports of essential agricultural goods, Lowering the interest rates, price regulation of goods in extreme demand. The Chamber has played a facilitating role that the German Federal Ministry of Economic Cooperation and Development supports measures by privately owned companies that significantly alleviate the negative impact of the corona pandemic in the country. Suitable projects will be funded with up to 200,000 EUR. AACCSA has also prepared and dispatched a summary entitled ‘COVID-19 impact on the economy and business: Lessons on necessary actions for Businesses. Production of news, spots, adverts and programs on the importance of participation of the business community and associations in fighting and controlling COVID -19 and media works were being launched to disseminate relevant information about the pandemic. AC has developed and disseminated promotional and educational video and audio to fight the epidemic. It has also conducted awareness creation programs by influential opinion makers of the business communities about the pandemic in various companies, sources disclosed. It has done Sensitization tasks on the importance of CSR, handing out protective and essential sanitary materials such as soaps and hand sanitizers in each business companies. AC has developed brochures and newspapers to advertise the recommended policy initiatives to galvanize wide support to AACCSA; proposals. AACCSA has developed an information, Education and Communication materials on COVID-19 for use by mainstream and social media and shared to members. Regular Communication updates on COVID 19 have been done. The experiences from different countries are being shared to members. Undertaken media campaign on critical issues of the business communities in times of corona and post corona through Addis Chamber TV and Radio and newspapers. .