The Ethiopian Financial Sector Reform

Net Margin is the ratio of net profits to revenues of a company. It is used as an indicator of a company’s ability to control its costs and how much profit it makes for every dollar of revenue it generates. Net Margin is calculated using the formula: Net Margin = (Net Profit / Revenues ) * 100 Net margins vary from company to company with individual industries having typically expected ranges given similar constraints within the industry. For example, a retail company might be expected to have low net margins while a technology company could generate margins of 15-20% or more. Companies that increase their net margins over time generally see their share price rise over time as well as the company is increasing the rate at which it turns dollars earned into profits.

The CanGo Company had experienced many obstacles and conflicts during the development of the proposed online gaming services. It is imperative for CanGo to review or to identify any problems that could threaten the company’s future goal. First of all, All team management of the company need to have a clear vision about the company’s long term planning, and analyze very carefully what audience would be targeted for the online gaming services. Also CanGo needs to perform a reliable analysis about their financial status, and making sure that they have the equipment is fully functional and available necessary before they start on new online gaming project. CanGo should also consider that each staff is fully aware about the CanGo’s mission, and this would be a positive way for the company to successfully achieve its goal.

Adediran and Aruomoaghe (2014), investigated accounting for peace and economic development in Nigeria. The central focus of the study was on economic development rather than national development. A longitudinal survey of the various variables was made from the period of 1994 to 2012. Their findings revealed that cost of peace keeping has a significant impact on wholesale trading and development of the service

An important part of the transformation of the African markets into more productive and effective systems is the upgrading of technology throughout the economy. In addition to serving as a mechanism through which to promote productivity, gains in technology will allow the African economy to engage in more “sophisticated economic activities” like a more robust financial services industry and increase banking levels throughout the

Financial improvement is actualizing new innovations, move from farming based to industry-based economy, and general change in living models. The current improvement circumstance of Africa is dumbfounding. Despite the fact that it is the wealthiest mainland as far as common assets, Africa remains the poorest and the slightest created district of the world., Africa is the last worldwide outskirts that will take after the current developing forces. The economy of Africa of China, India and South America Consists of the exchange, business, farming, and human assets of the continent.the report, simply distributed, says this development has been determined basically by enhanced monetary administration on the mainland and the private part.

Growing up in Ghana in the early to mid-nineties was very challenging for me and most people I came into contact with; yet provided the acumen to make sound personal and professional decisions. Ghana was recovering from an economic recession mainly attributed to series coup d’états that destabilized the economy and crippled most state institutions. As a result of this, the country experienced a protracted period of serious economic decline characterized by lax financial management, inflation rates well over 40%, extensive government involvement in the economy and an extremely high budget deficit. These weak macroeconomic fundamentals influenced the government’s decision to implement a series of strenuous public policies; with the goal to place Ghana back on sound economic and social footing.

1.0 Executive Summary .............................................................................................. 3 1.1 Report objectives .............................................................................................. 4 1.2 The Strategic Drift............................................................................................. 5 1.3 Amazon.com Overview ...................................................................................... 6 2.0 Analysis ................................................................................................................ 7 2.1 External

The bank came into existence on October, 2010 G.C. according to the Commercial Code of Ethiopia, 1960, and the Licensing and Supervision of Banking Business Proclamation 0. 84/1994 (18th annual Report,Number

Nigeria has a population of around 180 million, making it the most populous country in Africa. Nigeria is located in a region with tropical climate and that can grow variety of crops. With their numerous resources and growing technology they have been able to have positive economic advancement. Nigeria has had improvements in five of the ten economic freedoms. This includes Freedom of corruption, labor freedom, and management of government spending ("Nigeria." Economy: Population, GDP, Inflation, Business, Trade, FDI, Corruption.). Nevertheless these large improvements in their economy has not brought human development, where most Nigerians live under the poverty line. This paper will focus on why Nigeria has not been able to use their economic prosperity in the sector of human development, this includes standard of living, health, safety, and basic necessity one needs to live a stable life. We will compare it to the state of Ghana whose economy has also flourished but has been success in human development.

This paper is about Nigeria and their health care, lending institutions and human capital. It is how this country can grow because this country is capable of great things. They need help and It seems that they are trying to fix the problems in their country, but it s very hard to climb yourself out of a hole that seems impossible. They need a assistance but the World Bank and IMF see unable to provide the amount of care that they need or give them the financial push that is required to keep their country a float.

The history of development bank of Ethiopia goes back to 1909 when the first attempts of its kind known as the societe narionale d’ ethiopie pour le development de l’ agriculture et de commerce (the society for the promotion of agriculture and trade) was established in the menelik II era. Since then the bank has taken different names at different times although its mission and business purpose has not undergone significant changes except for occasional adjustment that were necessitated by change in economic development policies of the country. For example, in 1975 when the socialism regime nationalized all the privately owned banks, the development bank of Ethiopia was merged with the investment bank to form the agricultural and industrial development banks. After that it was renamed to development bank of Ethiopia. It is established to spur the national development agenda. The bank’s focal point is the provision of customer focused lending to viable projects in line with government priority areas by mobilizing fund from domestic and foreign sources while ensuring its organizational

It is against this background, that besides the introduction other parts of the paper are structured as follows. Next to the introduction, the paper takes a look at the structure and development of the Nigerian financial system before explaining the role of the financial system in the Nigerian economy. Next to this is the section that addresses the history of banking reforms in Nigeria and the nature of the reforms. The last part concludes the paper after a critical look at development implications of banking sector reforms.

The country is a key investor within the East African commmunity, while the largest chunk of intraregional trade is due to Kenya. However, economic

During 2003-2007, Nigeria attempted to implement an Economic Empowerment Development Strategy (NEEDS). The purpose of NEEDS is to raise the country’s standard of living through a variety of reforms, including macroeconomic stability, deregulation,

From these objectives, it is clear that the Ethiopian government is committed to grow their economy as well as to eradicate poverty. More specifically, the Minister of Finance and Economic Development and the Ethiopian government decided that 70% of the government budget goes to pro- poor sectors which includes education, health, water and roads. Also, after GTP I was implemented, the Ethiopian government has prioritized a few industries to lead its industrialization agenda, which are Agriculture, Industry and service. Those three sectors that the Ethiopian government prioritized through GTP I resulted in Ethiopia’s strong and rapid economic growth in past decades. Since the Ethiopian government rolled out GTP I in 2010, the Ethiopian