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Mar 18 , 2023 . By EMMANUEL JORGE

Unilever's Bold Strategy: Invest in Local Production to Shield against Global Disruptions

Q: Unilever was among the top 20 taxpayers a few years ago. However, it did not even reach the top 40 last year. Why? Stefan Cloete: We paid a record level of taxes last year - 85pc more than in 2021. Almost double. If we were omitted, other companies might have paid much higher taxes than in pre...

Mar 4 , 2023

It’s about People, the Planet and Prosperity

Q: When it was established over 77 years ago, the United Nations was created to stop wars. Look at the world today; it is full of violent conflicts from Ukraine to Ethiopia. Do you find it frustrating to work for the UN system in a world still at war? Ahunna Eziakonwa:I do not find it frustrating to work for the UN system. I find it frustrating that we cannot always prevent the ugly consequences of war and the suffering and misery it creates for people. That frustrates me, and it keeps me up at night. But I chose to work for the UN. It was a deliberate and intentional choice. There are m...


Jan 24 , 2023

Inflation, Geopolitical Tension and Climate Change Torment the World

Project Syndicate (PS): You have often pointed out that inflation has been exacerbated by trade protectionism, which weakens the market competition that induces firms to keep prices low, and by immigration restrictions, which lock in labour shortages. At a time when a return to unfettered globalization appears politically unfeasible – as you recently acknowledged, new restrictions on exports to China have received bipartisan approval – which policy changes would have the most impact? Pinelopi Koujianou Goldberg: First, it is important to remember that controlling inflation is not and sh...


Jan 7 , 2023

Offloading Climate Responsibility on the Victims of Climate Change

Question: Climate change is a complex problem, but maybe there is a simple solution. What might that look like? Nnimmo Bassey: Simple solutions are avoided in today's world because they do not support capital. And capital is ruling the world. Life is simpler than people think. The complex problems we have today are all human-made by our love of complexities. But the idea of capital accumulation has led to massive losses and destruction and led the world to the brink. If we are talking about warming, we need a simple solution: Leave the carbon in the ground, leave the oil in the soil, [an...

Interview

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 st...

Oct 15 , 2022

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 Gi...

Sep 10 , 2022

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 l...

Apr 22 , 2022

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 comp...

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...


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Sunday with Eden | Mar 18,2023

Healing Societal Wounds through Clemency

Agenda | Mar 18,2023

Rainy City Calls for Running Water

Editorial | Mar 18,2023

Confronting the Axis of Threat: Diminished Assets, Inflation, and Trade Imbalance


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Confronting the Axis of Threat: Diminished Assets, Inflation, and Trade Imbalance

Ethiopia's economy once hailed as a paragon of growth and development, now faces a conflue...

Editorial | Mar 18 , 2023

Welfare through Intermittent Fasting

Martha Getachew had struggled with her weight ever since attaining 40 years old. Her gradu...

Featured | Mar 11 , 2023 . By AKSAH ITALO

Rainy City Calls for Running Water

Water is a vital utility for Dawit Assefa, a contractor and father of two who lives on the...

Agenda | Mar 18 , 2023 . By BERSABEH GEBRE

Quenching Addis Abeba's Thirst

Residents in the capital are all too familiar with the rationing of running water supply a...

Fortune News | Mar 18 , 2023