Ethiopian Business Review

Major issues to consider 

One of the greatest achievements of Prime Minister Abiy Ahmed (PhD) in his short stay in power is bringing peace between Ethiopia and Eritrea, which is an excellent political and diplomatic success. This is also a smart political move on his part to fight established interest groups who could stand against his reform. His visits to Egypt, the UAE and Saudi is also a predictable political underpinning for the success.

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Last month, I was invited to speak at the York Festival of Ideas, an annual forum for debating alternative, predominantly progressive policy goals. I talked about my work on asset-price stabilization. Andy Wood of the consultancy Grant Thornton spoke about inclusiveness in business, Neil McInroy of the Center for Local and Economic Strategies discussed local organizing, and Ander Etxeberria of the Mondragon Corporation told us about their employee-owned cooperatives in the Basque Country. But, most importantly, Wanda Wyporska of The Equality Trust gave a fascinating talk about the principle of “equality for all.”

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Just like any other aspects of the economy, the insurance industry had been significantly affected by the overall economic and other policies existed in Ethiopia. Though the potential for growth is strong, the insurance industry is not delivering as expected due to structural bottlenecks and challenges at macro as well as micro levels. 

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