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For fast growing economies like Ethiopia, economic forecasting is very crucial. Making strategic decisions with uncertainties means that nations are frequently in need of forecasts. This effort can be put into practice at the macro level for country’s GDP, inflation, unemployment or fiscal deficit. It can also be applied at the micro level for specific sectors in the economy or even specific firms. But doing this is not as such...

Eleni Z. Gabre-Madhin (PhD) is one of the most well known Ethiopian economists living today. The Stanford-trained businesswoman is perhaps best known for conceptualizing, founding and running the Ethiopia Commodity Exchange (ECX), which provides buyers and sellers of agricultural products an organized marketplace in which to trade goods. She’s received numerous awards and accolades for her work in agricultural economics, including being invited to participate in the 2012 G8 Summit,...

Ethiopia has signed an $800m (£510m) deal with Chinese telecom giant ZTE to expand its mobile phone network, state-run Ethio Telecom has said. The agreement would help double the number of mobile phone subscribers to more than 50 million and increase 3G internet access nationwide, it said. Most people in Ethiopia do not have access to phones or the internet. Ethio Telecom is the only mobile operator in a country...

In one of the recent hits of Woody Allen’s thrilling movies ‘Blue Jasmine’, (winner of this year’s Academy Awards for best actress and nominated for best picture and best screen play); there is a scene where the leading character, a sophisticated but broken woman is baby sitting her nephews. She takes them out to a restaurant and tells them to be generous when they are rich and advises them particularly...