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African Perspectives Debunks Biases, Maps Shifting Global Terrain


African Perspectives Debunks Biases, Maps Shifting Global Terrain

The growth of extremism across Africa was indicated as an alarming development, at the first of what will become a monthly gathering centred around global challenges and emerging geopolitical trends hosted by the Belgian Embassy. A need to revise European biases in viewing Africa as a country and not a continent, its residents as passive victims, its leaders as representatives of their people and the self-perception of 'good samaritan' by Westerners was forwarded. As part of the "Geopolitical Conversations in Addis Abeba" series, two professors from the Egmont Institute of International Relations highlighted the evolving dynamics of politics, trade and an increasingly multipolar world, which inspired lively discussions under Chatham House Rules. Participants s The discussion last week pitted the demerits of Western policy, marked by high-interest loans to developing countries in Africa, to the infrastructure targetting adjustable loans that China provides. Ideas revolved around pressures on the existing world order, which was birthing a new balance of power marked by a shift from the post-Second World War domination of the West and the recent reshuffle in trade dynamics caused by the Russo-Ukraine war.

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Radar

Freight Forwarders Earn FIATA Diplomas as Sector Eyes Global Stage

The Ethiopian Freight Forwarders & Shipping Agents Association (EFFSAA) has graduated a new cohort of professionals from the internationally recognised FIATA Diploma Programme, bolstering efforts to strengthen Ethiopia's logistics and freight forwarding sector. EFFSAA President Dawit Wubshet (PhD) said the association has trained more than 495 professionals since launching the programme. He noted that EFFSAA is working with international partners to expand digital learning and introduce o...


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Parliament Backs Italian, French Loans for Reform, Infrastructure

Parliament has ratified two loan agreements worth a combined 124.6 million euros with the governments of Italy and France, approving both proclamations unanimously during its second emergency session of the fifth parliamentary term. The larger agreement secures a 70 million euro loan from Italy to provide direct budget support for the government's economic reform agenda. The concessional financing carries a 30-year repayment period, including a 16-year grace period, with no interest or servic...


Radar

Ethio Re Seeks Capital Reset for Regional Expansion

Ethiopian Re-insurance Share Company (Ethio Re) is seeking a strategic capital adjustment to support its next growth phase as it marks a decade of operations. CEO Netsanet Lemessa said the company's capital has quadrupled over the past ten years but has declined in foreign currency value. Established in 2016 as the country's first indigenous reinsurer, Ethio Re has retained more than 90 million dollars in foreign exchange for the economy. Its assets have grown from 82 million Br to 5.3 billio...