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Oct 30 , 2022

Towards a Progressive Economic Agenda

Project Syndicate: From the start of your recent book, Mission Economy: A Moonshot Guide to Changing Capitalism - you argue that changing capitalism will require us to overhaul “how government is structured,” “how business is run,” and “how public and private organizations interrelate.”...

Oct 15 , 2022 . By TAMRAT G. GIORGIS

Capturing the "Missing Middle"

What makes the lab innovative? And a laboratory? Who selected the advisory board, and how can companies become eligible to get support from the lab? Our Managing Editor, Tamrat G. Giorgis, sat with Gizachew and Zafar to pick up their thoughts. Gizachew Sisay: The innovative finance lab initiated by the UNDP in collaboration with the National Bank of Ethiopia. They realised that the micro-small and medium enterprises (MSMEs) have been underserved or have less access to finance. Studies found that most are missing the middle because they are too big for microfinance institutions and too small...


Sep 10 , 2022 . By RUTH TAYE

SAYAT OFF A STAGE

Fortune: Which holiday do you like most? Sayat: I love all holidays. There is none to pick out. The thing I love about holidays is, on that specific day, you do not see anyone starved or teary. I love our culture when it comes to holidays. You share meals together and feed the hungry. You always give on those days. Tell us about your siblings. How many do you have? How would you describe them, and what is your relationship like? I have three sisters and two brothers. My immediate younger sister, Bethlehem, is my best friend. I am more intimate with her. Our age difference is only two...


Apr 22 , 2022 . By Christian Tesfaye

Focus on Migrants, Families, UN Remittance Head Urges

Fortune: - The remittance inflow to Ethiopia is around three, four billion dollars? This is against a population of a 100 million, and an annual GDP of 100 billion dollars. How do you see this in comparison with other countries at a similar level of economic development? Amil: Remittances are a critical flow of foreign currency to Ethiopia. As for estimates, they are about three billion to five billion dollars, according to the National Bank of Ethiopia (NBE). It is about five percent of GDP. As per reports of multilateral agencies, almost 60-70pc of flows could be through informal channels...

Interview

Feb 12 , 2022

AfDB Boss 'Cautiously Optimistic' about Africa

For the first time in two years, an African Union summit was held in Addis Abeba earlier this month. On the agenda were COVID-19, political instability and debt sustainability. One of the attendants w...

Jan 22 , 2022

CEO of Fintech Firm Finds 'Sleeping Giant' in Africa

Fortune: Your company alludes to the African market's unique set-up from other parts of the world. Why is that? Is it a combination of being unbanked and a lack of monthly subscription models? Or is i...

Dec 11 , 2021

AfDB Sees Resilience in Africa: 'Not Necessarily as Fragile'

Fortune: The COVID-19 pandemic has had a detrimental impact on African economies. What is a sustainable solution for Africa economy-wise, or is the continent stuck with it for the next few years consi...

Nov 6 , 2021

BASF Finds in Ethiopia Opportunity to Diversify its Chemical Empire

Fortune: How is your project in Ethiopia and what has been the biggest challenge? Juliana Hosken Wernek: Ethiopia is a very important country for us. We are happy to be doing business here. It is g...

Oct 9 , 2021

Middle-income Status For the Taking in Ethiopia, with Emphasis on Political Openness

The Legatum Institute, a London-based think-tank, recently released an economic case study of Ethiopia, titled, "Pathway to Prosperity." The report focuses on the economic planning and growth outcomes...

Dec 12 , 2020

Rockstone's Dietrich Rogge Looks to Fit into Addis

Dietrich Rogge, founder and CEO of Rockstone, a German-based real estate developer and investment company, did not want an Anglo-Saxon name for the project it embarked on in Ethiopia. A rare European...

Aug 10 , 2019

Constitutional Tailor Would Prefer Constitutional Court

Hardly anyone matches the intellectual repository and experience of constitution making in Ethiopia as Fasil Nahum (PhD). He was involved in the drafting of three constitutions since the Imperial days...

Feb 15 , 2020

What Keeps AfDB's President up at Night?

The African Development Bank (AfDB) recently published its flagship annual report, the African Economic Outlook 2020, in time for the African Union Summit of Heads of State, where it testified to the...

Feb 8 , 2020

The Minimum States Can Do

Companies, in manufacturing as well as the extractive industries, are no strangers to allegations of human, economic and environmental rights abuses. Weak regulatory capacity and economic and politica...

Jan 4 , 2020

PERSONAL REGRETS, FEARS & WISHES: INSURERS OPEN UP

When insurers are not at their day jobs, controlling risk and ensuring stability, they are engaging in a rich social and personal life. Unlike their colleagues in the banking sector, presidents of Eth...

Jan 5 , 2020

INSURERS OPEN UP: Shimeles Gedlegeorgis, CEO of Ethio Life & General Insurance

Shimeles Gedlegeorgis, 53, married and a father of two, is an economics graduate of Addis Abeba University (AAU). He obtained his master's degree in business management and marketing from a university...

Jan 5 , 2020

INSURERS OPEN UP: Meseret Bezabih, CEO of United Insurance

Meseret Bezabih, aged 54, married and a mother of three, studied for her first degree in economics from Addis Abeba University. She also earned her second degree with a master's of business administra...

Jan 5 , 2020

INSURERS OPEN UP: Kassa Lisanework, CEO of Tsehay Insurance S.C.

Kassa Lisanework, 49, is married and a father of three. He earned a BA degree in accounting from Addis Abeba University (AAU) in 1994. He has worked in the insurance industry for 23 years, starting hi...

Jan 5 , 2020

INSURERS OPEN UP: Yared Mola, CEO of Nyala Insurance S.C

Yared Mola, 50, is married and a father of four. He holds a bachelor of arts degree in management from Addis Abeba University. He also holds a master's of business administration from the University o...

Jan 5 , 2020

INSURERS OPEN UP: Nigus Anteneh, CEO, Nile Insurance Company

The 42-year-old CEO is married and has three children. Nigus studied economics at Addis Abeba University and attended another undergraduate programme in business administration & information syste...

Jan 5 , 2020

INSURERS OPEN UP: Zufan Abebe, CEO, Nib Insurance SC

The 46-year-old Zufan is one of the few female CEOs in the insurance industry. Zufan, a mother of two daughters, studied economics in her undergraduate programme and then completed an executive MBA, b...


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To Liberalize Finance Holy, Regulating It Is Divine

In the wake of the liberalization of the telecom sector, Ethiopian authorities have made a...

Editorial | Nov 26 , 2022

UNCLOTTING CITY ONE STROKE AT A TIME

A tarmac road on the hill from the CMC roundabout to the Wossen roundabout displays a gia...

Featured | Nov 12 , 2022 . By TIZITA SHEWAFERAW and Molla Mitiku,

Truculent Foreign Banks, Fragile Industry, Bullish Central Bank

Zemedeneh Negatu, an investment consultant, had his team approached by boards of directors...

Agenda | Nov 27 , 2022 . By AKSAH ITALO

Truculent Foreign Banks, Fragile Industry, Bullish Central Bank

The entry by foreign-owned banks and non-nationals into the financial sector has reached a...

Fortune News | Nov 26 , 2022