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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....

May 3 , 2024


Fortune News

No Prospectus, No Play

Brook Taye (PhD), the director general of the newly established Ethiopian Capital Market Authority (ECMA), has issued a stern warning to commercial banks involved in the "securities brokerage business...

May 4 , 2024

Fortune News

Irrigation Dreams Drag in Design Ditches

Dreams of an agriculture sector unshackled from the whims of rain remain tethered to the struggling Ministry of Irrigation & Lowlands. A scathing parliamentary nine-month review exposed a meagre t...

May 4 , 2024

News Analysis

Diverse Investments Pay Off for United Insurance Outpacing Rivals with Stellar Profit Jump

United Insurance has emerged as a powerhouse in the private insurance industry, boasting a notable surge in net profits, making it second only to Awash Insurance. The robust financial performance was...

May 4 , 2024


Latest Updates

Sowing Seeds of Hope with Policy Harvests

A new agriculture policy, spearheaded by Minister of Agriculture Girma Amente (PhD), has made its wa...

May 4 , 2024


Central Bank Clamps Down on Exports to Fight Missing Millions

The National Bank of Ethiopia (NBE) has restricted the use of Cash Against Documents (CAD) for expor...







Agenda

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 cattle market thrives and a well-stocked but deserted agricultural centre struggles to attr...

May 4 , 2024


Higher Learning Hunger Games

Eden Girma, a 21-year-old architecture student at Wolaita Sodo University in Southern Regional State, dreads her daily trek to the cafeteria. Over the past thre...

Apr 28 , 2024


Double Dealing in Cyberspace

Two months ago, a well-dressed man in his thirties walked into Dawit Basazinew's furniture store on Africa Avenue (Bole Road) and selected a long list of items...

Apr 20 , 2024







Editorial

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 M...

May 2 , 2024


Prosperity Party Tries Economic Tightrope Walking Without a Net

The Prosperity Party (PP) - Prosperitians - is charting a course through treacherous waters. The party, which emerged from a fragmented political order, touts a liberal economic agenda in contrast to its conservative social policies and a seemingly disoriented...

Apr 27 , 2024

Governor Mamo Tests Transparency. Will It Pass a Test of Time?

In a departure from its traditionally opaque practices, the National Bank of Ethiopia (NBE), under the stewardship of Governor Mamo Mehiretu, has unveiled a new report mapping the financial sector's stability—a move signalling a broader commitment to transpa...

Apr 20 , 2024







Exclusive Interview

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 and construction business, cybersecurity...

Jan 27 , 2024


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

Marcus Pledges to Offer Modern Ethiopian Experience

Fortune: What does opening a new restaurant feel like? Marcus Samuelsson: It is a homecoming. I have been in hospitality most of my life, so sharing this in my homeland is incredibly gratifying. Both Maya and I are thrilled and grateful for the hard work of...

Dec 23 , 2023







Viewpoint

The High Cost of Low Protection for Migrants on the Margin

In the East and Horn of Africa, a region including 18 countries, migration patterns are profoundly influenced by challenges ranging from armed conflicts and political instability to environmental degradation, climate change, and scarce economic opportunities. This geographic expanse serves as a source, transit, and destination for migrants, recording 7.7 million international migrants as of 2020....

Apr 28 , 2024


How to Rebuild Trust in Public Institutions

As voters worldwide head to the polls this year, many have lost trust in politicians and even in democracy itself. For governments, addressing public disillusionment has become an urgent priority. How can they restore confidence in representative institutio...

May 3 , 2024

The High Cost of Low Protection for Migrants on the Margin

In the East and Horn of Africa, a region including 18 countries, migration patterns are profoundly influenced by challenges ranging from armed conflicts and political instability to environmental degradation, climate change, and scarce economic opportunities....

Apr 28 , 2024


My Opinion

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 societal dynamics and even national policies, with consequential implications for countries like Ethiopia. Research has consistently shown that...

Apr 28 , 2024


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

The Key to Transforming African Health

Despite the relentless stream of bad news from around the world, there are still reasons for optimism. One notable example is the renewed push to localise pharmaceutical production in Africa, demonstrating how even catastrophic events like a pandemic can lead...

Apr 20 , 2024






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


Commentaries

Soaring Hidden Costs Shine Behind Solar, Wind Power

The cost analysis of solar and wind energy often omits a critical factor: reliability. While solar energy might cost less than natural gas, the marginal difference does not factor into the condition of 'when the sun is shining'. Incorporating reliability costs can skyrocket the price of solar energy, suggesting an 11-42 times increase, argued Bjorn Lomborg (PhD), president of the Copenhagen Consensus and a visiting fellow at Stanford University's Hoover Institution. Despite constantly being t...

May 2 , 2024


News Analysis

Diverse Investments Pay Off for United Insurance Outpacing Rivals with Stellar Profit Jump

United Insurance has emerged as a powerhouse in the private insurance industry, boasting a notable surge in net profits, making it second only to Awash Insurance. The robust financial performance was supported by a substantial increase in earnings per share (EPS), outpacing competitors. The firm's focus on retaining a high percentage of its premiums is evident in its retention rate and increased gross written premiums. United Insurance's ability to diversify its income streams through investm...

May 4 , 2024


Delicate Number

4

The value in dollars of an annual financial shortfall derailing the world's efforts to achieve the much-hyped-up Sustainable Development Goals (SDGs) by 2030.  

May 3 , 2024


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


Verbatim

"Africa doesn't need sustainable (under) development."

Youri Museveni, president of Uganda, challenged the mainstream thinking among multilateral institutions about growth, comparing the policy to "sustainable pregnancy." At a finance summit held in Nairobi, Kenya, last week, the President called for the World Bank to support Africa's growth for transformation.



View From Arada

Addis Abeba's Hidden Gems, Upscale Delights

One sunny afternoon, while my car received a much-needed wash near Meskel Square, a craving for something light and flavorful gnawed at me. Lenten options, usually heavy on spice, held littl...

Apr 27 , 2024




Fortune Video




Sunday With Eden

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-person events is hefty price tags. High-star hotels usually host these conferences, and the costs associated with venue rentals, catering, an...

Apr 28 , 2024


Hunger's Grip on Mothers, Children of Addis Abeba

I witnessed a scene that left me heartbroken at the health centre. Several mothers were on the line to get their children vaccinated, their faces etched with worry and their bodies visibly thin. They did not seem to have recently given birth. Their malnourish...

Apr 20 , 2024

Silencing Inner Critic: One Size Does Not Fit All

A couple who had refrained from social interactions paid a visit to my house last week. Observing them interact with my daughter was truly heartening. They bonded effortlessly with her, eliciting joyful laughter and playful interactions. My baby seemed drawn...

Apr 13 , 2024


Life Matters

Just Browsing, Thanks!

While strolling down the supermarket aisles, I found myself torn between sticking to my shopping list and being tempted by items that were not on it. It is a constant struggle to resist the urge to splurge, especially when faced with an array of enticing products. I have to remind myself to stay focused on what I need, as the longer I linger and browse, the greater the risk of impulse buying. I...

May 3 , 2024


Offsetting Recognition vs. Anonymity

Engrossed in thought, I was abruptly pulled back to reality by a booming male voice. The raw passion in his tone was captivating, sparking my curiosity about the source of his fervour. Unknowingly eavesdropping, I discovered he was venting about a lack of r...

Apr 28 , 2024

Untapped Potential of Online Commerce

A young woman residing in Addis Abeba, found herself captivated by the potential of online platforms to transform lives and unlock new economic opportunities. Armed with unwavering determination and a keen eye for a niche market, she embarked on a journey that...





Radar

Addis Chamber Embarks on Leadership Forum

A leadership forum where prominent executives will share their experiences in the business environment is organised by the Addis Abeba Chamber of Commerce & Sectoral Association (Addis Chamber) and SAK Training & Consultancy Firm. Headlining Arega Yirdaw (PhD), president of Unity University, who is expected to address the fortunes and adversities of the leadership ecosystem and share in...

Feb 24 , 2024


Union Urges Meeting with Premier Over Living Cost

Rising living costs that reduce the purchasing power of stagnant workers' wages prompted leaders of the Confederation of Ethiopian Trade Unions (CETU) to urge a meeting with Prime Minister Abiy Ahmed (PhD). Flanked by Minster of Justice Gedion Timotheos, Abiy met with senior members of the Union last year to discuss issues related to freedom of associations, collective bargaining and the imminent...

May 4 , 2024

In Picture

CONCRETE CHIAROSCURO

Arat Kilo area is poised for an aesthetic makeover as a massive corridor construction pulverises through what some consider urban landmarks, and others regard as antiquated vestiges of a bygone era. An interesting optical horizon emerges as the socialist Dergue regime's former base of operations is razed, with the ruling party's headquarters peeking from the backdrop. The area, which has served as...

Apr 1 , 2024


CURVY CORRIDORS

Rows of metal cups offer liquid solace for mourners going to the cemetery around Yeka Michael Church. An eerie optical illusion occurs as the row of cups seem to curve alongside the winding road. Traditional drinks made of cereal variety (Rhamnus prinoides) and Gesho and fermented honey are often served as refreshments in Ethiopian ceremonies of celebration and mourning. While tea and water are al...

Apr 30 , 2024




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