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A BOLD BET ON AFFORDABLE HOUSING FACES SKEPTICISM, FINANCIAL ROADBLOCKS
The federal government is embarking on an ambitious venture with the "Chaka
Satellite City" project, which will incorporate thousands of "affordable housing
units" through a new public-private partnership (PPP) initiative. Consulting
firms are und...
May 18 , 2024
Read more >>
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Fortune News
REAL ESTATE DEAL FALLS THROUGH: ANXIOUS INVESTORS LEFT WITH PURPOSE BLACK'S
PROMISES
A Federal Higher Court ruling has ended the legal battle between BGI-Ethiopia
and Purpose Black, marking the end of property acquisition and dashing the
dreams of thousands who invested in a p...
May 18 , 2024
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Fortune News
PROCURED WITH PRIDE, DELIVERED WITH PERIL
With the impending Meher season, lawmakers' focus shifts to the distribution of
fertilisers. The conversation during the Ministry of Agriculture's nine-month
performance report has shifted from purcha...
May 18 , 2024
Read more >>
News Analysis
NYALA INSURANCE THRIVES DESPITE A STORM OF CLAIMS, REGULATIONS
In a year marked by remarkable growth, Nyala Insurance surged ahead, buoyed by
impressive gains in investment income and life insurance. While navigating
fierce industry competition and regulatory con...
May 18 , 2024
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LATEST UPDATES
SAVING LIVES, ONE SHORTAGE AT A TIME
Behind the nondescript facade of a drop-in centre in Addis Abeba, a quiet
struggle unfolds nightly....
May 18 , 2024
Read more >>
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ADDIS ABEBA'S GRAND PLAN TO OUTSMART ITS OWN CHAOS
Officials of the Addis Abeba City Administration are advancing a series of
ambitious urban developme...
May 11 , 2024
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ABUNDANCE IGNORED, QUALITY IN PERIL
A downturn in demand from the cement manufacturing sector has resulted in an
unforeseen surplus...
May 11 , 2024
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BRAINS CHART REBUILDING COURSES
Ethiopia's parliament established an 18-member think tank focused on addressing
the construction...
May 11 , 2024
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AGENDA
THE CONDOM CONUNDRUM
Declining donor funds and a global squeeze have created a condom shortage in
Ethiopia. While needing 250 million condoms annually, the country manages to
supply less than half. The result is a decline in giveaways – universities,
restaurants, and p...
May 18 , 2024
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FATAL CRACKS EXPOSE ADDIS ABEBA'S UNDERBELLY
A group of young boys, dressed in tattered clothing, huddle around a traffic
light asking passing drivers for spare change, around the C.M.C. area near the
Sal...
May 11 , 2024
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PROGRESS PUSHES OUT SHEEP VENDORS AS HOLIDAY SPIRIT WANES
Beneath the shadow of a gleaming development, the festive spirit of the holiday
market dims. Displaced sheep vendors deal with dwindling sales, while a nearby
c...
May 4 , 2024
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EDITORIAL
SLEEK OFFICES, LAVISH ROADS MAKEOVER IN SHAKY ECONOMY DURING FISCAL FRUGALITY
Prime Minister Abiy Ahmed (PhD) took a handful of his cabinet members last week
to the newly illuminated offices of Chaltu Sani, the minister of Urban &
Infrastructure Development, on Ras Abebe Aregay Road, near the National Theater.
The Prime Mi...
May 18 , 2024
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FROM MINES TO MORTGAGES, PPPS CAN BE ANTIDOTES OF PROGRESS, NOT TOUCH-AND-GO
PITFALL
The ruling Prosperity Party - the Prosperitians - has its leaders turned to the
Public-Private Partnerships (PPPs) model, a strategic tool for economic
development. The focus of these partnerships has recently shifted from
traditional sectors like mining and e...
May 11 , 2024
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TAX AUTHORITIES' SISYPHEAN SAGA OF SHRINKING REVENUE, GOV'T SOARING AMBITIONS
For successive generations of Ethiopia's tax authorities, the chore of tax
collection is proving to be a Sisyphean task. Despite efforts to rake in more
revenue, the country's tax-to-GDP ratio has shrunk from a high of 13.5pc, during
the heydays of Melaku Fent...
May 2 , 2024
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EXCLUSIVE INTERVIEW
BGI ETHIOPIA STIRS THE POT WITH BOLD MOVES, SOUR REALITIES
Herve Milhade, the CEO of BGI Ethiopia, believes he is steering the company
toward a more consumer-centric focus. He emphasises that his goal is not to be a
leader in paying taxes but to “become the leader in the heart” of consumers. His
tenure began as Ethiopia emerged from a bloody and brutal...
May 11 , 2024
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CLOUDY HORIZONS IN THE DIGITAL ECOSYSTEM
With a background in cybersecurity, CEO Charly Bahaous is from Israel and
relocated to South Africa in 2006. Under his watch, Touchnet has grown to
encompass over 300 employees across various sub-sectors. The Company's portfolio
includes a fibre management a...
Jan 27 , 2024
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INSIDE THE QUIRKY WORLD OF ETHIOPIA'S TECH, FINANCE MAVERICKS
ABREHAM TILAHUN (Kacha) Abraham Tilahun, 40, married and a father of four, is an
alumnus of Addis Abeba and Jimma universities and graduated in Banking & Finance
and Accounting. Under his leadership, Kacha is the first private payment
instrument issuer...
Jan 7 , 2024
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VIEWPOINT
WHAT FISCALLY SOUND INDUSTRIAL POLICY CAN DO
I recently discussed industrial policy at the International Monetary Fund (IMF).
The IMF has historically been a sharp critic of industrial policy. However, as
many of its client countries embrace the concept, the Fund has recognised the
need to clarify its position and update its guidance. IMF economists have long
worried that industrial policy can cause undue harm to a country's fiscal
positi...
May 19 , 2024
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WHY 'BILLIONS TO TRILLIONS' WON'T SOLVE THE CLIMATE CRISIS, DEVELOPMENT GOALS
The international development sector has become fixated on calculating financing
gaps. Hardly a day goes by without new estimates of the funds low- and
middle-income countries (LMICs) need to meet their climate targets and achieve
the United Nations Sustainabl...
May 18 , 2024
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FERTILISERS WILL NOT FIX AFRICA'S FOOD CRISIS
The world is confronting an unprecedented food crisis, exacerbated by the
COVID-19 pandemic, Russia's war against Ukraine, and worsening climate
conditions. However, the problem is most acute in Africa, where 61pc of the
population faced moderate or severe foo...
May 11 , 2024
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MY OPINION
MUSEVENI HITS OUT AT WORLD BANK AMID CALLS FOR ECONOMIC REVAMP
President Yoweri Museveni's recent remarks at the World Bank summit in Nairobi
sharply encapsulate a long-standing debate about the direction of Africa's
economic development. By invoking the term "sustainable underdevelopment,"
Museveni shed light on the continent's struggle against economic models that
have historically not served its best interests. This critique points to the
deeper issue of e...
May 11 , 2024
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FIFTY YEARS OF IMMUNISATION SUCCESS CALL FOR 50 MORE
There is a good chance of knowing that one of the 154 million people who have
been saved from preventable death by routine immunisation over the past 50
years. In the past half-century, it has been hard to identify a public health
tool that has had a more posi...
May 3 , 2024
Read more >>
THE DARK SIDE OF BIAS UNDERMINE SOCIETAL SOLIDARITY
In the daily rhythm of work and life, it is not uncommon for a single negative
comment to overshadow an otherwise positive day. The tendency to dwell on the
negative — a trait deeply ingrained in human psychology — plays an oversized
role in shaping societ...
Apr 28 , 2024
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Featured
MASTERING LIFE - MORE THAN LUCK
The feel-good life coaching industry would have people believe that success is
not only about showing up in the swirling whirl of modern life, where essentials
like health, shelter, and education twirl alongside transportation and capital
formation. After all, the industry was estimated to be worth 2.4 billion dollars
in 2022, growing by 19pc a year. Its gurus insist that success is about
meticulous planning, a dash of wit, and a good deal of nerve. However, these
sectors do more than meet basic...
May 3 , 2024
Read more >>
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Commentaries
HOW SOARING INTEREST RATES PROPEL ECONOMIC GROWTH AGAINST CONVENTION
The U.S. experience challenges traditional economic theories and suggests that
higher interest rates can coexist with robust economic growth. The importance of
flexible and dynamic economic policies that adapt to changing circumstances is
evident. As the global economy evolves, policymakers must consider diverse
strategies to promote sustainable growth, ensuring that economic benefits reach
all segments of society, write Andrea Sequeira (austinesequeira@gmail.com), an
independent consultant, and...
May 18 , 2024
Read more >>
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News Analysis
NYALA INSURANCE THRIVES DESPITE A STORM OF CLAIMS, REGULATIONS
In a year marked by remarkable growth, Nyala Insurance surged ahead, buoyed by
impressive gains in investment income and life insurance. While navigating
fierce industry competition and regulatory constraints, the firm defied
conservative critiques, with its executives steering Nyala to a rise in gross
written premiums. This was despite economic headwinds evident as its liquidity
soared and paid-up capital climbed, positioning Nyala as a formidable contender
against competitors like United and N...
May 18 , 2024
Read more >>
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Delicate Number
226
The value in Birr of government-guaranteed on-lending debt up until December
2023. This category of loans experienced a nearly 94pc increase in the four
years beginning in 2019/20, which is highly unusual compared to other categories
of debt that showed moderate and steady growth.
May 18 , 2024
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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 media, showcasing what
polling stations will look like during the upcoming national elections; and they
took the...
Oct 3 , 2020
Read more >>
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Verbatim
"THIS MUST END."
In a rare public statement last week, Ervin Massinga, the U.S. ambassador to
Ethiopia, urged all adversaries to resolve differences away from the battlefield
to stop continued displacement, suffering and death.
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VIEW FROM ARADA
WHEN A BITE RIPPLES TO SUSTENANCE
Food waste represents a loss of economic value throughout the supply chain.
Farmers lose revenues, consumers waste money, businesses incur costs while
governments invest resources to manage...
May 18 , 2024
Read more >>
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FILMS REVIEW
NOPE
Few would have imagined that the Peele in Key & Peele, a show on MTV's Comedy
Central, would become a world-class director reminiscent of Alfred Hitchcock and
David Fincher. There is a sketch from Key & Peele, titled Town Hall Audience
Member, one of the funniest outputs of the show, where Jordan Peele shows some
promise as he acts entirely with his eyes to peak comedic effect. Other than
that, at least to this author's eyes, there is nothing to indicate cinematic
genius or even a great...
Sep 17 , 2022
See more >>
RRR: PEAK OF BOLLYWOOD, FOR BETTER OR WORSE
Bollywood has finally peaked. The sentimentalism, chirpy musical numbers,
physics-defying fight scenes and aggressively cheesy romantic plots have all
come into their own in RRR, one of the biggest Bollywood hits in recent memory
to gain an international audience. I would normally object to individual
elements of the movie, including its ludicrous storyline and plot holes. But the
way they have come together is strangely fascinating. RRR, which is short for
“Rise, Roar, Revolt" and must be...
Sep 10 , 2022
See more >>
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SUNDAY WITH EDEN
OUR CHILDREN, OUR RESPONSIBILITY
After two blissful years of raising their son, my neighbours began a daycare
search deciding that it was time to return to work. Their ideal setting was a
facility with cameras accessible to parents, offering a comforting glimpse into
their child's day. Unfortunately, such transparency seemed nonexistent. Settling
for a centre near the grandparents' house for emergencies, they embarked on a
visit...
May 18 , 2024
Read more >>
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UNHOOKING THE LIQUID GOLD TABOO
Motherhood has a way of unveiling unexpected truths. Following the birth of my
daughter, I was confronted with a striking realisation: the prevalence of
misinformation and stigma surrounding breastfeeding. It was a realm where I
encountered surprising perspect...
May 11 , 2024
Read more >>
BETTING ON VIRTUAL SOLUTIONS FOR REAL IMPACT
Since graduating from law school, I have attended countless women's conferences
and workshops. These gatherings offer valuable learning opportunities and
connections with inspiring people and organisations. However, a common thread
weaves through these in-pers...
Apr 28 , 2024
Read more >>
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LIFE MATTERS
STUCK IN THE PAPER CHASE
I recently caught up with a former classmate from my postgraduate program, and
our conversation took an unexpected turn when she revealed a shocking truth -
she no longer possessed her degree. I was stunned, recalling her successful
defence a day before mine. She explained that an examiner suggested revisions
that might improve her grade. Initially hesitant, especially being close to
giving birth...
May 18 , 2024
Read more >>
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BREAKING THE PERSISTENT VENTING CYCLE
A lengthy phone call with a close friend recently left me surprised. She brought
up a familiar issue, seeking advice even though we had discussed it before. I
recall that we had talked it through, reaching a seeming resolution about a year
ago. However, the s...
May 11 , 2024
Read more >>
BREAKING THE PERSISTENT VENTING CYCLE
A lengthy phone call with a close friend recently left me surprised. She brought
up a familiar issue, seeking advice even though we had discussed it before. I
recall that we had talked it through, reaching a seeming resolution about a year
ago. However, th...
May 11 , 2024
Read more >>
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RADAR
RURAL LAND PROCLAMATION COMES TO LIGHT
A landmark legislation that grants title holders in rural areas the right to use
the property as collateral was unanimously ratified by Parliament last week. It
primarily focuses on extending access to finance for farmers and pastoralists,
through a structured land title system. It also introduces criminal penalties
for the illegal transfer of property. Replacing the 18-year-old proclamatio...
May 18 , 2024
See more >>
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MINISTRY PONDERS TAX WAIVERS FOR RURAL ENERGY SOLUTIONS
Tax exemptions for off-grid energy technologies like solar pumps and mini-grids
are under discussion, spearheaded by the Ministry of Water & Energy. Commonly
used by rural households, officials disclose their simultaneous plan to develop
300 mini-grids in the next six years. According to Birhanu Weldu, the lead
executive of rural energy technology development, the initiative tackles the...
May 18 , 2024
Read more >>
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IN PICTURE
TOTTERING TOWERS
A hurried renovation transpires on a conjoined pair of small buildings around
the Mercato area. Many old buildings in the vast marketplace are remnants of
shops built by Yemeni merchants who relocated from the old Arada area in the
1930s. The area has a thriving informal sector economy from which thousands earn
daily bread. According to studies by the Centre for International Private
Enterpris...
May 18 , 2024
Read more >>
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SOULFUL SIDEWALKS
A row of seats and plastic water bottles await followers of the Islamic faith
for preparatory 'Udu' proceedings around the Bethel area. The closely parked
minibus taxis and shops right across also await customers on the cloudy Thursday
afternoon. An aesthetic reformation ambitiously being pursued by the City
administration will see fewer and fewer cars on the street as...
May 12 , 2024
Read more >>
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COVID UPDATE
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Total cases Reported In Ethiopia:
New cases Reported In Ethiopia:
Critical in Ethiopia:
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