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GRIPPING DIPLOMATIC MANEUVER


A handshake between Foreign Minister Taye Atsqeselassie and his Saudi counterpart, Prince Faisal bin Farhan bin Abdullah, seems to have concluded a meeting in Riyadh last week. The backdrop to this meeting includes Ethiopia's ongoing efforts to repat...

May 25 , 2024


Fortune News

Soaring Debt Breeds Sour Solutions

Ethiopia's domestic debt has surged past the 1.2 trillion Br mark, triggering a contentious debate in the federal legislative house. During his nine-month report to Parliament last week, Finance Minis...

May 25 , 2024

Fortune News

Land Rush Bidders' Paradise, a Mirage for the Many

The long-awaited land auction in Addis Abeba drew hundreds of developers eager to secure prime plots across the city, marking an event in the capital's urban development evolution. Over nine days last...

May 25 , 2024

News Analysis

Nib Insurance Breaks Billion Barriers Among Industry Titans, Despite Turbulence

Nib Insurance has carved out a space between industry giants and new entrants in the competitive insurance market. The past year marked a major chapter in its 22-year history as the company surpassed...

May 25 , 2024


Latest Updates

Tigray Authorities Thwart Fake Fertiliser Distribution

A disturbing discovery of counterfeit fertiliser that infiltrated Tigray Regional State earlier this...

May 25 , 2024


A Bold Bet on Affordable Housing Faces Skepticism, Financial Roadblocks

The federal government is embarking on an ambitious venture with the "Chaka Satellite City" project...







Agenda

Degrees of Disconnect

Landing a dream job in electrical engineering felt like a given for Meseret Dereje, a 28-year-old graduate from Meqelle University. Five years of rigorous study painted a clear picture in her mind - a "high-paying", "stable career" awaited. That was...

May 25 , 2024


The Condom Conundrum

Declining donor funds and a global squeeze have created a condom shortage in Ethiopia. While needing 250 million condoms annually, the country manages to supply...

May 20 , 2024


Fatal Cracks Expose Addis Abeba's Underbelly

A group of young boys, dressed in tattered clothing, huddle around a traffic light asking passing drivers for spare change, around the C.M.C. area near the Sal...

May 11 , 2024







Editorial

Celebrating Inflation "Triumphs" While the Economy Gasps for Air

For a long time, the debate among Ethiopia's policymakers and those in the academia centred on the effectiveness of monetary policy measures in impacting the real economy, particularly inflation. In a country where the majority live on a subsistence...

May 25 , 2024


Sleek Offices, Lavish Roads Makeover in Shaky Economy During Fiscal Frugality

Prime Minister Abiy Ahmed (PhD) took a handful of his cabinet members last week to the newly illuminated offices of Chaltu Sani, the minister of Urban & Infrastructure Development, on Ras Abebe Aregay Road, near the National Theater. The Prime Minister pos...

May 18 , 2024

From Mines to Mortgages, PPPs Can Be Antidotes of Progress, Not Touch-and-Go Pitfall

The ruling Prosperity Party - the Prosperitians - has its leaders turned to the Public-Private Partnerships (PPPs) model, a strategic tool for economic development. The focus of these partnerships has recently shifted from traditional sectors like mining and e...

May 11 , 2024







Exclusive Interview

BGI Ethiopia Stirs the Pot with Bold Moves, Sour Realities

Herve Milhade, the CEO of BGI Ethiopia, believes he is steering the company toward a more consumer-centric focus. He emphasises that his goal is not to be a leader in paying taxes but to “become the leader in the heart” of consumers. His tenure began as Ethiopia emerged from a bloody and brutal...

May 11 , 2024


Cloudy Horizons in the Digital Ecosystem

With a background in cybersecurity, CEO Charly Bahaous is from Israel and relocated to South Africa in 2006. Under his watch,  Touchnet has grown to encompass over 300 employees across various sub-sectors. The Company's portfolio includes a fibre management a...

Jan 27 , 2024

Inside the Quirky World of Ethiopia's Tech, Finance Mavericks

ABREHAM TILAHUN (Kacha) Abraham Tilahun, 40, married and a father of four, is an alumnus of Addis Abeba and Jimma universities and graduated in Banking & Finance and Accounting. Under his leadership, Kacha is the first private payment instrument issuer...

Jan 7 , 2024







Viewpoint

What Fiscally Sound Industrial Policy Can Do

I recently discussed industrial policy at the International Monetary Fund (IMF). The IMF has historically been a sharp critic of industrial policy. However, as many of its client countries embrace the concept, the Fund has recognised the need to clarify its position and update its guidance. IMF economists have long worried that industrial policy can cause undue harm to a country's fiscal positi...

May 19 , 2024


Is the High Cost of Digital Convenience Eroding Cognitive Abilities?

Along with some colleagues, our company assigned me a few weeks ago as an invigilator for a regional recruitment assignment at a prominent public university outside of Addis Abeba. The University auditorium was filled with over 3,000 candidates who qualified...

May 25 , 2024

What Fiscally Sound Industrial Policy Can Do

I recently discussed industrial policy at the International Monetary Fund (IMF). The IMF has historically been a sharp critic of industrial policy. However, as many of its client countries embrace the concept, the Fund has recognised the need to clarify its po...

May 18 , 2024


My Opinion

Does Massinga's Bombshell Remarks Set to Shake Up Diplomatic Scene?

U.S. Ambassador Ervin Jose Massinga has become a familiar name, akin to the prominence once held by Mike Hammer, Washington's Special Envoy for the Horn of Africa. The Ambassador earned this reputation after his speech two weeks ago, which focused on human rights and conveyed his government's views on Ethiopia's ongoing political turmoil. His remarks, while diplomatically polished, were perceived...

May 25 , 2024


How Reliance on Western Powers Undermines AU's Founding Vision

Two weeks ago, the U.S. State Department made a customary diplomatic trip to address the political crisis in several countries in the Horn of Africa, aspiring to shape the region according to Washington's strategic interests. The Special Envoy for the Horn...

May 18 , 2024

Museveni Hits Out at World Bank Amid Calls for Economic Revamp

President Yoweri Museveni's recent remarks at the World Bank summit in Nairobi sharply encapsulate a long-standing debate about the direction of Africa's economic development. By invoking the term "sustainable underdevelopment," Museveni shed light on the cont...

May 11 , 2024






Featured

MASTERING LIFE - MORE THAN LUCK

The feel-good life coaching industry would have people believe that success is not only about showing up in the swirling whirl of modern life, where essentials like health, shelter, and education twirl alongside transportation and capital formation. After all, the industry was estimated to be worth 2.4 billion dollars in 2022, growing by 19pc a year. Its gurus insist that success is about meticulous planning, a dash of wit, and a good deal of nerve. However, these sectors do more than meet basic...

May 3 , 2024


Commentaries

New WHO Guidelines Bring Hope to Millions Battling Liver Cancer in Africa

In late March, the World Health Organization (WHO) released new guidelines on preventing, diagnosing, and treating chronic hepatitis B (HBV) infection. As a person living with HBV, I welcome the changes, which could significantly reduce deaths from liver cancer in Africa. The story of Wisdom, a father and the founder of one of the best private schools in his hometown in Nigeria, demonstrates the need for a new approach to treating HBV. After trying to donate blood to his sick cousin, Wisdom...

May 25 , 2024


News Analysis

Nib Insurance Breaks Billion Barriers Among Industry Titans, Despite Turbulence

Nib Insurance has carved out a space between industry giants and new entrants in the competitive insurance market. The past year marked a major chapter in its 22-year history as the company surpassed the billion-Birr mark in Gross Written Premiums (GWP). The London-based financial analyst Abdulmenan Mohammed (PhD) praised Nib's management for this rebound, noting that the 55.8pc increase in gross premium to 1.1 billion Br, along with gains in investment and commission revenues, boosted the in...

May 25 , 2024


Delicate Number

88

The value in Birr of a post-harvest loss of milk amounting to approximately 2.2 million litres annually. Milk loss at this scale results from severe inefficiencies in handling, transportation, and storage systems.  

May 25 , 2024


Fineline

Leaders of the National . . .

Leaders of the National Election Board are in a charm offensive mood, of a sort. Last week, they organised a rare tour for members of the media, showcasing what polling stations will look like during the upcoming national elections; and they took the...

Oct 3 , 2020


Verbatim

"Baffling and disappointing."

Jawar Mohammed, the polymathocrat of Ethiopia's politics, said this in response to the Ministry of Foreign Affairs statement last week, rebuking the U.S. Ambassador to Ethiopia, Ervin Massinga, for his call for dialogue between the federal government and the various insurgencies.  



View From Arada

When a Bite Ripples to Sustenance

Food waste represents a loss of economic value throughout the supply chain. Farmers lose revenues, consumers waste money, businesses incur costs while governments invest resources to manage...

May 18 , 2024




Fortune Video




Sunday With Eden

Our Children, Our Responsibility

After two blissful years of raising their son, my neighbours began a daycare search deciding that it was time to return to work. Their ideal setting was a facility with cameras accessible to parents, offering a comforting glimpse into their child's day. Unfortunately, such transparency seemed nonexistent. Settling for a centre near the grandparents' house for emergencies, they embarked on a visit...

May 18 , 2024


Our Children, Our Responsibility

After two blissful years of raising their son, my neighbours began a daycare search deciding that it was time to return to work. Their ideal setting was a facility with cameras accessible to parents, offering a comforting glimpse into their child's day. Unfort...

May 18 , 2024

Unhooking the Liquid Gold Taboo

Motherhood has a way of unveiling unexpected truths. Following the birth of my daughter, I was confronted with a striking realisation: the prevalence of misinformation and stigma surrounding breastfeeding. It was a realm where I encountered surprising perspect...

May 11 , 2024


Life Matters

Stuck in the Paper Chase

I recently caught up with a former classmate from my postgraduate program, and our conversation took an unexpected turn when she revealed a shocking truth - she no longer possessed her degree. I was stunned, recalling her successful defence a day before mine. She explained that an examiner suggested revisions that might improve her grade. Initially hesitant, especially being close to giving birth...

May 18 , 2024


Stuck in the Paper Chase

I recently caught up with a former classmate from my postgraduate program, and our conversation took an unexpected turn when she revealed a shocking truth - she no longer possessed her degree. I was stunned, recalling her successful defence a day before mine...

May 18 , 2024

Breaking the Persistent Venting Cycle

A lengthy phone call with a close friend recently left me surprised. She brought up a familiar issue, seeking advice even though we had discussed it before. I recall that we had talked it through, reaching a seeming resolution about a year ago. However, the s...

May 11 , 2024





Radar

Rural Land Proclamation Comes to Light

A landmark legislation that grants title holders in rural areas the right to use the property as collateral was unanimously ratified by Parliament last week. It primarily focuses on extending access to finance for farmers and pastoralists, through a structured land title system. It also introduces criminal penalties for the illegal transfer of property. Replacing the 18-year-old proclamatio...

May 18 , 2024


Mobile Apps Streamline Container Handling

A Chinese private logistics company availed its multilingual mobile applications designed to streamline container handling processes for local businesses. Dubbed arl-shipping.com, the apps are available in Amharic, Oromo, Somali, and Tigrigna, with a competitive monthly fee. Company managements aim to tackle inefficiencies by scanning truck license plates, container IDs, and other details, redu...

May 25 , 2024

In Picture

SHIFTING PAVEMENTS

Fresh pavements are laid around the Bole area, partly suited for pedestrians and bicycles. This lays the ground for a grand corridor development project 10Km long and 47.5hct wide by the Addis Abeba City Administration. The capital has been transformed in a matter of months after the project was initially kicked off with the demolition around Piassa. Closely supervised by Prime Minister Abiy A...

May 18 , 2024


SLIDING ROOFS

A makeshift cafe around Senga Tera caters to the coffee needs of the residents from a nearby building. The tilted corrugated roof masks cosy accommodations. Addis Abeba is home to a vibrant informal economy providing hundreds of thousands with daily income and employment. According to a recent study by the African Cities Research Consortium, the capital generates 29pc of Ethiopia's urban GDP and ...

May 25 , 2024




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