Fineline | Mar 28,2020
January 19 , 2019
The tale of two dispositions could be what best describes Prime Minister Abiy Ahmed’s public performances early last week, gossip observed. He has had a series of meetings with the nation’s top diplomats who have been called back home from across the world. Another audience he gave was to the senior executives of the finance industry.
Meeting the diplomatic brass, Abiy was seen well prepared and organized, largely talking about foreign policy realism and pragmatism in this rather multipolar world of delicate relationships among nations. He placed the bar high, demanding of them results and delivery, disclosed gossip.
That was until he lost his cool when issues were raised by some of the diplomats about budget matters and the difficulties in selling the country as a bastion of peace and stability due to the ongoing conflicts across the country. The Prime Minister was frank, if not blunt, in bouncing back, claims gossip.
Reminding them that someone in their missions carrying around their Samsonite briefcases is paid, he urged the ambassadors to think about what the country spends in financing missions abroad, gossip disclosed. He lashed out at them, claiming that him making a couple of calls could yield a lot more results for the country than what they have to show for, gossip claims.
If the ambassadors were dumbfounded, because their boss said this to their faces, they could have gained solace knowing what had transpired between the Prime Minister and the big bosses of the nation’s banks and insurance firms, according to gossip.
Many of them had thought that the Prime Minister called them up to assemble at the Lorenzo Te`azaz Road in order to consult on the role of finance in what could be an evolving macroeconomic policymaking, says gossip. Some had in mind, after close to nine months of a rocky journey in the political front, that it was about time to debate finance’s place in charting a course to help the economy cruise in stable waters, gossip observed.
They found the Prime Minister, hurried as he was, with a strong passion for developing the river banks of Addis Abeba, whose cost he had claimed could reach 29 billion Br, gossip revealed. His argument to justify such a massive investment is the promotion of tourism from which firms in the financial sector could benefit, claims gossip.
They were also told that mobilising resources to pay for the project would be less of a headache as he could muster his charm in getting it from a couple of sources overseas, gossip says. It was only that the Prime Minister wants to give them a heads up so that later on they would not be justified in complaining they were not given the first chance, gossip disclosed.
Abiy also informed them of the plan to carry out a significant restoration work on Menelik II Palace up in Arat Kilo with a budget of five billion Birr, before it is opened for public viewing, gossip says. First built by Emperor Menelik, the palace hosts the Prime Minister and his family as their official residence. Abiy wants to see close to 200 species of exotic animals brought in as part of public amusement and attraction to visitors, disclosed gossip. Had it not been for his busy schedule, Abiy told them he would have them get a tour of the 48,000sqm premises where construction work has been in full swing for a couple of months now, according to gossip.
The nation’s senior bankers and heads of insurance firms were caught off guard when they were asked to chip in two-thirds of their aggregate deposits, claims gossip. Some among them, such as Addisu Haba of Debub Bank and president of the Bankers’ Association, tried to raise other issues such as the need to allocate plots for headquarter buildings of the new entrants in the industry, says gossip. Others, such as Eyesusworq Zafu of United Insurance and Bank, were vocal in pronouncing their displeasure and disappointment due to the squandered opportunity of meeting the Prime Minister, claims gossip.
PUBLISHED ON Jan 19,2019 [ VOL 19 , NO 977]
Fineline | Mar 28,2020
Radar | Aug 28,2021
Radar | Mar 09,2019
Fineline | Sep 07,2019
Radar | Mar 16,2019
My Opinion | Jan 12,2019
Featured | Jan 03,2021
Photo Gallery | May 06,2019
Fineline | Sep 28,2019
My Opinion | Jun 01,2019
Fortune News | 41682 Views | Jul 18,2020
Fortune News | 35453 Views | Sep 01,2021
Photo Gallery | 28171 Views | May 06,2019
Photo Gallery | 26383 Views | Mar 17,2019
Commentaries | Oct 23,2021
Life Matters | Oct 23,2021
My Opinion | Oct 23,2021
Sunday with Eden | Oct 23,2021
Agenda | Oct 23,2021
Editorial | Oct 23,2021
October 16 , 2021 . By HAWI DADHI
Residing in a country with no capital market, an organised marketplace for trading se...
August 28 , 2021 . By HAWI DADHI
The streets of Addis Abeba are as varied as they are many, although too many of them have yet to be named. From the narrow alleyways of the...
August 7 , 2021
There are a few without an opinion on Ethiopia’s federal structure, which is arranged along lingo-cultu...
July 24 , 2021
There was an alarming increase in the price of Teffin August 2017. It suddenly skyrocketed from 2,000 Br...
Ethiopia is at a pivotal moment in its history. Its future path is not only vital for...
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 me...
When the country’s most senior diplomats and envoys return back to their posts after two-week debriefings, they leave behind a point or tw...
October 23 , 2021
Ethiopia`s civil war continues to rage, with no sign of respite or a prospect for a n...
October 16 , 2021
For many, the past rainy season was a critical moment in the life of the nation. One...
October 9 , 2021
Public offices have been having a field day in the past few years. From the Prime Min...
October 2 , 2021
Ethiopia`s Parliament will pick up a Prime Minister on Monday, October 4, 2021. The i...
PM Abiy Ahmed (PhD) at a Gala Dinner Called for the Awarding of the Félix Houphouët-Boigny Peace Prize
May 6 , 2019
Friends help us make the most out of life, providing social and emotional support as...
Human societies have come a long way. Just think about it. It was only in 1888 that electricity in our ho...
October 23 , 2021
Beverage companies and commercial banks dominated last week's event held at the Grand Palace up at Arat Kilo. Prime Minister Abiy Ahmed (PhD...
October 23 , 2021 . By HAWI DADHI
The central bank has instructed commercial banks to reinvest returns from bonds maturing next year and on...
Companies setting up data centres at the Addis Abeba ICT Park are embroiled in a dispute over lease payme...
October 23 , 2021 . By TAMRAT G. GIORGIS
The International Monetary Fund (IMF) left Ethiopia out of its economic growth projections for next year...
Or see contact page