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Oct 5 , 2024 . By Yehualashet Tamiru Tegegn

Currency Shake-Up, Austerity Measures Leave Businesses Reeling

For over two decades, Ethiopians have clung to an optimistic belief that tomorrow will bring better economic prospects. Yet the realisation of this hope seems farther down the road than many anticipated. As economist Ralph George Hawtrey aptly noted...

Oct 5 , 2024 . By Mette Frederiksen and Mia Amor Mottley

Climate Crisis Accelerate. So Must Our Response.

Around the world, we are witnessing the devastating effects of changing temperatures. Droughts, floods, and sweltering heat are taking lives, eroding hard-earned socioeconomic gains, and leaving countries' future hanging in the balance. Worse, those who have contributed the least to the climate crisis are being hit the hardest. The tasks for all...


Sep 8 , 2024 . By Diane Coyle

Will the AI Revolution Lead to Greater Prosperity?

Many hope technological innovation is a potential solution as global economic growth slows. The International Monetary Fund's (IMF) latest World Economic Outlook, for example, highlighted the potential of artificial intelligence (AI) to boost productivity and GDP. But the report also warns that given the uncertainties surrounding the extent of AI's...


Sep 8 , 2024 . By Shang-Jin Wei

Which American Presidential Candidate Be Better for the World Economy?

A major uncertainty looming over the global economy is who will be the next US president. While the United States (US) is home to only five percent of the world's population, and contributes 15pc of global value added, its role in shaping the world economy is unmatched. Given this, the trade policies of the next administration – whether led by Vi...




Viewpoint

Africa's Future Hinges on Revitalising Multilateralism

Sep 1 , 2024      |      By Adekeye Adebajo      |      704 Views

As the United Nations (UN) prepares to host its ambitious Summit of the Future in New York on September 22-23, the three pillars of multilateralism – peace and security, sustainable development, and human rig...

Growing Health Crisis as Trans Fats Slip Through Regulatory Gaps

Sep 1 , 2024      |           |      1005 Views

Ethiopia is confronting a rising tide of non-communicable diseases (NCDs), such as heart disease, stroke, cancer, and diabetes. These are ailments driven by shifts in lifestyle, including unhealthy diets, physi...

Misreading the Impact of Monetary Policy

This year's Jackson Hole Economic Symposium, which brings together central bankers from around the world, is right to focus on the monetary transmission mechanism, the channel through which monetary policy influences broader economic and financial conditions. Although the US Fede...

Aug 25 , 2024      |      By Adam Posen      |      637 Views

Once Champions, Now Chumps, Sports Leadership Turned Gold into Gloom

Ethiopia's sporting legacy, much like the storied reign of Emperor Menelik II, has been evidence of the profound impact of effective leadership in achieving victories. However, that legacy is under threat today as the country's sports community squabbles with a pervasive sense of...

Aug 18 , 2024      |      By Amare Gebru      |      591 Views

Who Should Reap the Rewards for Collective Intelligence?

Collective intelligence is becoming a catchphrase meant to capture the essence of the knowledge economy, where multitudes of people collaborate on difficult challenges, with each bringing something different to the table. The result is continuous experimentation and innovation, l...

Aug 10 , 2024      |      By Mariana Mazzucato      |      1092 Views

Polycrisis Debate During Economic Optimism in a Fragmented World

The humming world economy and recent stock-market euphoria would seem to be at odds with our crisis-torn, fragmenting world. Seemingly irresolvable conflicts in Gaza and Ukraine have produced deep rifts both internationally and within rich, industrialised countries. Unable to agr...

Aug 3 , 2024      |      By Harold James      |      1189 Views

Misreading the Impact of Monetary Policy

This year's Jackson Hole Economic Symposium, which brings together central bankers from around the world, is right to focus on the monetary transmission mechanism, the channel through which monetary policy influences broader economic and financial conditions. Although the US Fede...

Aug 25 , 2024      |      By Adam Posen      |      637 Views

Once Champions, Now Chumps, Sports Leadership Turned Gold into Gloom

Ethiopia's sporting legacy, much like the storied reign of Emperor Menelik II, has been evidence of the profound impact of effective leadership in achieving victories. However, that legacy is under threat today as the country's sports community squabbles with a pervasive sense of...

Aug 18 , 2024      |      By Amare Gebru      |      591 Views

Who Should Reap the Rewards for Collective Intelligence?

Collective intelligence is becoming a catchphrase meant to capture the essence of the knowledge economy, where multitudes of people collaborate on difficult challenges, with each bringing something different to the table. The result is continuous experimentation and innovation, l...

Aug 10 , 2024      |      By Mariana Mazzucato      |      1092 Views

Polycrisis Debate During Economic Optimism in a Fragmented World

The humming world economy and recent stock-market euphoria would seem to be at odds with our crisis-torn, fragmenting world. Seemingly irresolvable conflicts in Gaza and Ukraine have produced deep rifts both internationally and within rich, industrialised countries. Unable to agr...

Aug 3 , 2024      |      By Harold James      |      1189 Views

Better Future Isn't Something to Imagine. It's Something to Create

The G20 is an unlikely champion of social justice. Financial Times journalist Alan Beattie, underscoring the group's lack of clear direction, once likened it to a "pantomime horse manned by a troupe of clowns." But Brazil's presidency offers an opportunity to change this percepti...

Jul 27 , 2024      |      By Kevin Watkins      |      1881 Views

Climate Zealots' Costly Folly of a Fossil Fuel-Free Utopia

Beginning in the 1990s, climate change has become a fixation for rich country politicians and elites. It emerged as the world had seen the end of the Cold War. There was relative peace and trust across the world, broad economic growth, and swift progress being made against povert...

Jul 20 , 2024      |      By Bjorn Lomborg      |      1263 Views

Unleashing the Gig Economy During Regulatory Trailing

A federal legislative assembly recently debated permitting private vehicles to provide ride-sharing services, a previously reserved function for vehicles registered under the commercial code. The move targets platforms like Ride and Feres, which could help alleviate urban transpo...

Jul 20 , 2024      |      By Birhanu Beshah      |      1864 Views

Charting the Course from Desk Jockey Managers to Visionaries Leaders

The economy is creating opportunities for young Ethiopian professionals stepping into managerial roles. While technical expertise is valuable, transitioning from individual contributors to leaders requires a momentous mindset shift. Crucial changes are essential for new managers...

Jul 20 , 2024      |      By Desalegn Tegabu      |      1207 Views

Unmasking Drivers' Errors Fueling a National Tragedy

Alarge number of road traffic crashes can be attributed to human error. Data from the Transport Ministry indicate that drivers are responsible for between 80pc to 85pc of all road crashes, a statistic that fluctuates annually within this range. The high percentage shows the criti...

Jul 13 , 2024      |      By Fanta Tadesse      |      1075 Views

Recasting Policy Favouring Interest Rates Helps to Tame Inflation, Spur Growth

The National Bank of Ethiopia (NBE) is making a notable shift in its monetary policy framework, moving from a traditional approach centred on money supply control and exchange rate stability to an interest-based system. The transition hopes to address persistent economic pressure...

Jul 13 , 2024      |      By Tesfaye B Lelissa (PhD)      |      9090 Views


Most read

Columns

Commentaries | Oct 05,2024

Africa's Food Security Depends on Adaptive Crops

Life Matters | Oct 05,2024

Playgrounds of Neglect

My Opinion | Sep 28,2024

Lofty Ambitions Meet Unflattering Realities in Education Reform

Sunday with Eden | Oct 05,2024

Heedless Urban Development, Neglect Turn Streets into Lethal Hazards

Agenda | Oct 06,2024

Addis Abeba University's Autonomy Shuts the Door on Brightest Minds

Editorial | Oct 05,2024

Birr's Unmoored Descent Threatens to Drown an Economy Awash in Debt


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Editorial

Birr's Unmoored Descent Threatens to Drown an Economy Awash in Debt

Oct 5 , 2024

Not long ago, the sight of exchange bureaus in Addis Abeba was as rare as a cloudless...

Not to Turn the "Land of Origins" into a Land of Uneven Promises

Sep 28 , 2024

In the early 2010s, Ethiopian authorities found themselves at odds with the Internati...

The Civil Service Gets a Pay Boost, But Inflation Laughs Last

Sep 21 , 2024

A nurse in Addis Abeba shares a cramped one-room apartment with three colleagues. Her...

Drowning in Budget Gap, Universities Chase Autonomy. Can They Afford It?

Sep 14 , 2024

Successive regimes share a common legacy: a deep-seated commitment to education as a...

Sunday With Eden

Heedless Urban Development, Neglect Turn Streets into Lethal Hazards

Last week, during an evening drive, my family and I narrowly escaped a catastrophic r...

Phone Addiction, A Silent Epidemic

In today's social media-focused culture, many individuals prioritize their online presence over real-life interactions—with a surprising i...

Life Matters

Playgrounds of Neglect

Choosing a kindergarten for my son was supposed to be a straightforward task, but it quickly turned into a path through a landscape of negle...

ATM Etiquete

The Automated Teller Machine (ATM) has become an essential part of daily life, offering easy access to financial services. Many people visit...

Agenda

Addis Abeba University's Autonomy Shuts the Door on Brightest Minds

Oct 6 , 2024 . By BEZAWIT HULUAGER

For as long as he could remember, 18-year-old Menase Samuel had dreamed of studying s...

Inflation, Insecurity Leave the Tourism Industry Smouldering

Sep 28 , 2024 . By BEZAWIT HULUAGER

For 43-year-old Alemnesh Neri, travels to her hometown of Gumer in central Ethiopia h...

Legacy Businesses Face Succession Struggles, Market Shifts

Sep 22 , 2024 . By AKSAH ITALO

Heleanna Georgalis never anticipated that she would become the fourth-generation prop...

Holiday Market Dampened by Rising Food Prices

Sep 14 , 2024 . By AKSAH ITALO

Atkilt Tera, located in the Haile Garment neighbourhood, has not seen its usual activ...

Gallery

Parliament Approves New Cabinet Members

Oct 6 , 2021

Parliament Approves New Cabinet, Incorporates Opposition Leaders Lawmakers have approved today the nominations of 22 ministers, including three opposition leaders. Two MPs have voted against, while 12 abstained...

2020 in Posterity

Jan 5 , 2021

TIGRAY VOTES DESPITE "NULL & VOID" THREAT

Sep 9 , 2020

IN-PICTURE: LAUREATE'S RECEPTION  

Dec 14 , 2019

PM Abiy Ahmed (PhD) at a Gala Dinner Called for the Awarding of the Félix Houphouët-Boigny Peace Prize

May 6 , 2019

Faces, Voices of Addis Abeba

Apr 26 , 2019

Commentaries

Africa's Food Security Depends on Adaptive Crops

Africa's food systems are facing myriad challenges, from climate shocks and low produ...

How Is the World Really Doing on the SDGs?

Any daily news reader could be forgiven for thinking the world is in decline. Amid so...

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 me...

When the country’s most. . .

When the country's most senior diplomats and envoys return back to their posts after two-week debriefings, they leave behind a point or two...

Fortune news

TRADITION COLOURS CITY'S EVOLVING PULSE

Oct 6 , 2024

On Saturday, October 5, 2024, Mesqel Square transformed into a vibrant venue for colo...

Pharma's Export Ambitions Meet Regulatory, Capacity Hiccups

Oct 6 , 2024 . By AKSAH ITALO

The pharmaceutical industry is moving to export their products overseas, aiming to re...

Capital Market Tax Reform Demands Face Reality Check as Gridlock Mounts

Oct 6 , 2024 . By AKSAH ITALO

Senior officials of the Ministry of Finance are racing to establish a regulatory fram...

Manufacturers Plead for Relief as Delays Stall SEZ Lifeline

Oct 6 , 2024 . By AKSAH ITALO

Manufacturers press federal authorities to speed up the transformation of industrial...

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