The Role of Private Equity in Enterprise Development and Its Challenges: A Case Study of Access Capital Services Share Company

Several studies have documented that private equity, leveraged buyouts in particular, can fill the financing gap that exists when it comes to risky firms, such as distressed firms. This is, basically, because private equity firms not only provide patient capital but also close nurturing of investments by the financiers-characteristics which other forms of financing such as public equity and debt do not have. However, the role that a private equity firm can play in solving the challenges of risky firms is unknown in Ethiopia. To provide ‗real-life‘ evidences of such role, the case of Access Company Service Share Company, the sole investment firm providing private equity services (to the researcher‘s knowledge) was used. Such role was examined from the point of view of corporate governance, management system, business networks, innovation and access to further finance. For that purpose, in-depth interviews with the general managers of each investee firm were made and few secondary documents reviewed as a supplement. The findings revealed that the main areas in which Access Capital has contributed are in improving the governance and management systems of investees. As it was deemed necessary to provide evidences on the general practises of private equity investments and the related challenges that these pose to investors as well, an assessment of such practises and challenges were also made. For that purpose, in-depth interviews with the vice president at Access Capital and a senior analyst were made, again supplemented by a review of few secondary documents. These have revealed that the most serious challenges faced by Access Capital are disorganized records of investees hindering the smooth undertaking of the deal sourcing and due diligence process, finding a skilled management team for investee firms and the potential challenge of making a fair exit. Even though the study is a quite useful one because of the insights it gives on Private Equity in Ethiopia, it is limited by the lack of financial data. Thus, further research should be done to objectively measure the impacts that Access Capital has in its investee firms

MOTHERS’ HEALTH CARE SEEKING BEHAVIOR FOR CHILDHOOD ILLNESSES IN DERRA DISTRICT, NORTHSHOA ZONE, OROMIA REGIONAL STATE, ETHIOPIA

No abstract - Available on PD

Parents' Perception, Students' and Teachers' attitude towards School Sex Education

Background: Sex education is described as education about human sexual anatomy, sexual reproduction, sexual intercourse, reproductive health, emotional relations, reproductive rights and responsibilities, abstinence, contraception, family planning, body image, sexual orientation, sexual pleasure, values, decision making, communication, dating, relationships, sexually transmitted infections (STIs) and how to avoid them, and birth control methods. This study was conducted to explore perception of parents about school sex education and assess the attitude of teachers and students towards school sex education.Methods: A cross-sectional quantitative and qualitative study was conducted on randomly selected 386 students, total census of 94 teachers and 10 parents in Merawi Town from March 13-27, 2011. Data were collected using self-administered structured questionnaire and in-depth interview guideline. Multiple linear regression analysis was performed using total score to determine the effect of the independent variables on the outcome variable and thematic analysis was used to analyze the qualitative data.Results: All study participants have favourable attitude towards the importance of school sex education. They also agreed that the content of school sex education should include abstinence-only and abstinence-plus based on mental maturity of the students. That means at early age (Primary school) the content of school sex education should be abstinence-only and at later age (secondary school) the content of school sex education should be added abstinence-plus. The students and the teachers said that the minimum and maximum introduction time for school sex education is 5 year and 25 year with mean of 10.97(SD±4.3) and 12.36(SD±3.7) respectively. Teacher teaching experiences and field of studies have supportive idea about the starting of school sex education. Watching romantic movies, reading romantic materials and listening romantic radio programs appear to have a contribution on the predictor of students’ attitude towards the starting time of school sex education.Conclusion: All study participants have a need to start sex education at school. All study participants said that at early age (Primary school) the content of school sex education is abstinence-only and at later age (secondary school) is added abstinence-plus. School Sex education should be under considers the need of students, teachers and parents.Keywords: Sex education, Attitude, perceptionEthiop J Health Sci. Vol. 22, No. 2 July 201

Effects of Sowing Methods, Seed Rates and Sowing Depths on Growth Performance and Grain Yield of Tef [Eragrostis tef (Zucc.) Trotter]

Three field experiments were carried out on black soil (Vertisols) at Debre Zeit Agricultural Research Center during the main season between 2011 and  2013 to determine appropriate sowing/planting methods, seed rates, inter- and intra-row spacings, and planting depth for tef. Each experiment was laid  out in a randomized complete block design with three replications. Data were taken on days to panicle emergence and to maturity, plant height, panicle  length, lodging index, shoot biomass, and grain yield. Combined analyses of variance over years showed that sowing methods had no significant effect  on any of the traits assessed, while sowing methods and seed rates interaction effects were significant for all the traits evaluated. Irrespective of sowing  methods significantly higher grain yields were recorded with higher seeding rates (10-25 kg/ha). Among the spacing treatments, sowing with 10 cm row  spacing showed the highest mean grain (2621 kg/ha) and shoot biomass (21861 kg/ha) yield. Hill planting irrespective of the row spacing gave the lowest  grain and shoot biomass yield, while transplanting, gave intermediate grain and shoot biomass yield comparable to those of row sowing. In the third  experiment that combined row spacing and sowing depth, the highest grain yield (2404 kg/ha) was obtained from 20 cm row spacing by 3 cm planting  depth followed by 20 cm row spacing by 5 cm planting depth (2292 kg/ha). Overall, based on the results of this study, seed rates of 10-15 kg/ha for both  broadcasting and row spacing, and row spacing of 20 cm and sowing depth of 3 cm would be recommended for tef production on black soils at Debre  Zeit and other similar areas. &nbsp

Tef (Eragrostis tef) variety Kora

Tef [Eragrostis tef (Zucc.) Trotter], is a staple food crop of Ethiopians that originated and diversified in Ethiopia. It has existed in Ethiopia throughout recorded history. Annually, it occupies 3.02 million hectares thereby ranking first among all cereals cultivated in the country. However, the national average yield of tef is low 1.6 t ha-1. The use of unimproved local cultivars and biotic and abiotic stresses are partially attributed to the low yield of the crop. Thus, the experiment was designed to develop high yielding and desirable quality improved varieties of tef suitable for diverse agro-ecologies, farming systems and purposes. Fourteen tef genotypes including two checks were laid out in randomized complete block design using four replications for two years (2012 and 2013) at eight locations. The combined data analysis across locations and over the years indicated that candidate variety Kora (DZ-Cr-438 (RIL No. 133B) performed better than the two checks and other test genotypes. Consequently, Kora was identified and approved for large scale production

Tef (Eragrostis tef (Zucc.) Trotter) Variety ‘Felagot’

አህፅሮት  ጤፍ በኢትዮጵያ ከሚመረቱ የብርዕና አገዳ ሰብሎች ዋነኛው ሲሆን ከ65 በመቶ   ለማያንስ ህዝብ ዋና የምግብ ሰብል በመሆን ያገለግላል፡፡ የጤፍ የዘር ቀለም ተለያይነት ያለው ሲሆን በአብዛኛው ነጭና ቡናማ/ቀይ አንዳንዴም ድብልቅ እና መካከለኛ የዘር ቀለም በየዓመቱ ከሶሰት ሚሊዮን ማሳ በላይ በመሸፈን ይመረታል፡፡ ይሁን እንጂ ከሌሎች ሰብሎች ጋር ሲወዳደር  ምርትና ምርታማነቱ ዝቅተኛ ነው፡፡ ለዚህም ዋና ዋና ምክንያት በመሆን የሚጠቀሰው የተሻሻሉ ዝርያዎች በበቂ ሁኔታ አለመኖር ነው፡፡ የዚህ ጥናት ዋና ዓላማ እየጨመረ የመጣውን የቡናማ/ቀይ ጤፍ ፍላጎት ለማሟላት በተለያየ የምርምር አሰራርና ሂደት የተገኘ የጤፍ ዝርያን በመፈተሽ የተሻለ ምርት የሚሰጥና በአርሶ አደሩና በተጠቃሚው ተመራጭ የሆነ ዝርያ ማፍለቅ ነበር፡፡ በጥናቱም አስራ ሁለት የተለያዩ የጤፍ ዓይነቶችን ጨምሮ  አንድ በቅርቡ የተለቀቀ እና አንድ የአካባቢ ዝርያን በማካተት በስድስት ወካይ ጤፍ አብቃይ ቦታዎች ላይ ተፈትሸው ፍላጎት (ደዘ-ክሮስ-442) የተባለው ቡናማ/ቀይ ዘር ቀለም ያለው ዝርያ ከሌሎች ማወዳደሪያ ዝርያዎች የተሻለ ውጤት በማስመዝገቡ በብሄራዊ የዝርያ አፅዳቂ ኮሚቴ ተገምግሞ ለምርት እንዲውል ተወስኗል፡፡ በተጨማሪም ይህ ዝርያ ቡናማ/ቀይ ዘር ቀለም ያለው ዝርያ ከተለቀቀ ከአስራ አምስት አመታት በኃላ የተገኘና የወደፊት የውጭ ገበያ ፍላጎትን ለሟሟላት ከፍተኛ አስተዋፅኦ ሊያበረክት የሚችል ነው፡፡ Abstract Tef [Eragrostis tef (Zucc.) Trotter] is the major cultivated cereal crop in Ethiopia and serves as staple food grain for over 65% of the population. The area under tef cultivation is over three million hectares of land each year. Depending on the type of seed color, tef grains are categorized into white and brown, while some admixtures and intermediate seed colors also exist. However, the productivity of tef is very low as compared to other cereals due, among others, to lack of high yielding varieties. The objective of this study was to evaluate the performance of released brown seeded tef variety called Felagot and to provide unique morphological and agronomic descriptions of this new variety. Twelve genotypes resulting from two independent crossesnd breed for at least seven generations plus local and standard check varieties were tested over two years (2014 and 2015 main season) at six tef growing locations namely: Debre Zeit light soil, Debre Zeit Black soil, Minjar, Adet, Bichena and Holetta using randomized complete block design with four replications. The study found that Felagot (DZ-Cr-442/ RIL-77C) which was obtained from a cross between Quncho (the popular variety) and Gea Lammie (local cultivar) exceled the other genotypes and it was approved for release by the Ethiopian National Variety Release Committee in March 2017. The main advantages of Felagot over the other tested lines were its higher grain yield together with high straw yield and brown seed color. In addition, it was released under the brown seed category after one and half decades. Furthermore, it is anticipated that because of the brown seed color Felagot will command high external market preferences and prices, and thereby contribute for future tef export market

Evaluation of selected semi-dwarf Tef (Eragrostis tef (Zucc.) Trotter) genotypes for yield and yield related traits

Tef is the major staple food crop for Ethiopia which is cultivated by more than 6.7 million smallholder farmers. As an indigenous cereal, it is well adapted to diverse climatic and soil conditions; however, its productivity is very low mainly due to susceptibility to lodging. The objective of this study was to identify stable, high yielding and lodging tolerant tef genotypes for moisture stress areas of the country. A total of twenty genotypes including standard and local checks were tested. The field experiment was conducted using a 2m x 2m area with a completely randomized block design at six locations (Debre Zeit, Minjar, Alemtena, Melkassa, Sirinka and Axum) during the 2019 and 2020 main cropping seasons. Data were taken on plot and individual plant basis on eight pheno-agro-morphological characters including days to heading, days to maturity, grain filling period, plant height, panicle length, lodging index, above-ground shoot biomass and grain yield. The combined analysis of variance showed that the mean squares due to genotypes, locations and genotype interactions were highly significant (P<0.01) for the tested eight agronomical and morphological traits evaluated. Based on the current result, 39% of the tested genotypes had a higher yield advantage over the standard check Boset variety. On the other hand, 44% of the genotypes showed higher yields than the local check. Therefore, the promising genotype for lodging tolerance needs further testing in the variety verification trial and those genotypes are used as representative materials to develop varieties, especially for lodging tolerance

Tef (Eragrostis tef) Variety "Dagim"

Tef is the major Ethiopian cereal grown on 3.02 million hectares annually and serving as staple food grain for over 70 million people. However, the national average yield of tef is low 1.6 t ha-1. This is partially due to the use of unimproved local cultivars, and biotic and abiotic stresses. Therefore the experiment was designed to develop high yielding and desirable quality improved varieties suitable for diverse agro-ecologies, farming systems and purposes. Fourteen tef genotypes including two checks were laid out in randomized complete block design using four replications for two years (2012 and 2013) at eight locations. Results of combined data analysis across locations and over the years showed that candidate variety Dagem [DZ-Cr-387 X Kay Murri (DZ-Cr-438 (RIL No 91A))] performed better than the two check and other test genotypes. Thus, Dagim was identified and released as best promising tef variety for production in the country