Craving for Reform of the Insurance Industry


The restriction of foreign capital flow in the Ethiopian insurance industry was said to protect the sector from foreign competition until the local insurers developed sufficient financial strengths and insurance expertise to compete with the foreign insurers. However, while the rationale is too good to be true, nothing has materialised to fulfil that objective regarding finance or capacity building since the restriction, writes Eyobed Tibebu Lisanework (eyosono@gmail.com), who also recommends that going back to square one as it was during the Imperial Government could help improve the insurance sector.


Is It Worthwhile for Development Partners to Invest in Industrialisation?

The development community having an approach of trying to act as guardian of the market or protector of the state would not help achieve the desired goals. Filling the real gaps in human, technological, and organisational capacities that Ethiopia lacks is the right place for the development community to invest its money which would facilitate a far better and smooth functioning of the market and the state, writes Getachew T. Alemu (getupfront@gmail.com).


The Less Rewarding Trend of Insurance Regulations in Ethiopia

While regulatory interventions and control are necessary to the healthy functioning of an insurance industry, they will not materialise in the absence of adequate regulatory structure, resources, sufficient playground, and most of all independence, writes Eyobed Tibebu (eyosono@gmail.com), who also reminds us that insurance and banking businesses are not similar, except for both belonging to the financial industry.


Why Africa Should Go Cashless

Close to 80pc of Africa’s adult population uses no formal or informal financial services. In Africa, stashing bank notes under a mattress is the norm which is no way to safeguard families’ savings or enable households to gather enough capital to escape chronic poverty. To attract the youth population to the formal economy and challenge poverty, Africa must move towards a cashless society writes Carl Manlan, an economist and Chief Operating Officer of the Ecobank Foundation and a 2016 Aspen New Voices Fellow.


Social Auditing Imperative Going

While it is extremely important both for the general public and for businesses, business owners in Ethiopia never think of social auditing nor do the Tax Authority Bureaus require them to present it, unlike financial auditing which people are increasingly becoming serious in reporting regularly, argues Mekonnen Teshome (mokish03@gmail.com)


The Need to Boost Corporate Bond Issuance in Ethiopia

Even though the commercial code of Ethiopia recognises corporate bonds, Ethiopian companies are reluctant to raise their funds through debt instruments, writes Zena Abera (zenanews25@gmail.com), who also suggests government and companies take legal and institutional measures to improve the situation.


The Northern Star in Two Decades

I had the pleasure of travelling to Meqelle, the seat of the Tigray Regional State, last week and the Southern Zone of the region on a five-day fieldwork assignment. Before…


A World Turned Inside Out

Slowly but surely, a bruised and battered global economy now appears to be shaking off its deep post-crisis malaise. If the International Monetary Fund’s latest forecasts are borne out –…


Deterioration of the Tana High-Level Forum

The Tana High-Level Forum, which is an esteemed platform for politicians to have discussions on issues concerning Africa, has been falling short of achieving its target lately. The Forum’s selection of participants and invited guests is poor and based on criteria’s that are not beneficial to the discussion but rather for personal gain argues Tesfaye Girma, a peace and security consultant. He can be reached at tesfayegirma386@gmail.com


Long Way to go for Autism in Ethiopia

Although there is more awareness about autism in Ethiopia than before, the disorder is still misunderstood and stigmatised. The public does not support or respond well to people with autism and their families, which have the biggest burden of dealing with the disorder. Autism is a big issue that needs as much attention as children and women rights writes Getaneh Abera, an Education Specialist. He can be reached at get_abera@yahoo.com


Central Bank Fair Game for Its Fallout with Native Ethiopians

Recently, the National Bank of Ethiopia (NBE) had announced the mandatory sell of bank shares owned by foreign nationals of Ethiopian origin; this came as a shock for the shareholders. The way the process was handled raises questions of fairness and transparency


Investing in the Horn of Africa: Navigating a Potentially Difficult Landscape

A key obstacle to development will be the lack of necessary infrastructure and the institutions to support it. Outside investors will almost certainly be required to participate in the development of ports and transportation networks.

A key obstacle to development will be the lack of necessary infrastructure and the institutions to support it. Outside investors will almost certainly be required to participate in the development of ports and transportation networks.

A key obstacle to development will be the lack of necessary infrastructure and the institutions to support it. Outside investors will almost certainly be required to participate in the development of ports and transportation networks.

A key obstacle to development will be the lack of necessary infrastructure and the institutions to support it. Outside investors will almost certainly be required to participate in the development of ports and transportation networks.

A key obstacle to development will be the lack of necessary infrastructure and the institutions to support it. Outside investors will almost certainly be required to participate in the development of ports and transportation networks.


Outdated Ethiopian Brand Needs Facelift

Branding is an important part of marketing. The way a product is presented and packaged to potential customers determines the success and failure. In the case of Ethiopia, there is a lot of work to be done to update the brand, which is the perception the country creates on MNC’s and tourists in order to be competitive argues Niftalem Fikre, a certified digital marketer. He can be reached at neftalemfikre@gmail.com


Another Liquidity Crisis within Three Months!

Can the private commercial banks sustain the blow from runaway of deposit to the state-owned Commercial Bank of Ethiopia (CBE)? How much longer before they start to get scared enough to run on banks, questions Zafu Eyessuswork Zafu, the veteran finance man in the country. He can be reached at zafueyessus@gmail.com


Staying the Course in Building Resilience

Once again Africa is making headlines for drought. The continent is currently experiencing the worst droughts in 60 years with East African countries being the worst hit by the disaster. The most concerning is the child malnutrition which is very costly writes Patrick Kormawa (PhD), FAO sub-regional coordinator for Eastern Africa and FAO representative to the AU and UNECA.


Qoshe Landslide Avoidable Mishap

The recent landfill disaster that claimed the lives of hundreds of Ethiopians could have been avoided. Now, that such a catastrophe has taken place, it is time to look at government officials entrusted with providing safety and making sure accident like the Qoshe landslide do not happen. They need to be held accountable for their oversight in preventing the tragedy writes Temesgen Zewdie, former member of Parliament (MP) He can be reached at temzewdie2015@gmail.com.


Editorial

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Having their roots deeply entrenched in the leftist...


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View From Arada

On May 25, 1963, 54 years ago, the OAU was established. During the fina...


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