Tag Archives: finance

Yanis Varoufakis in TED talks: Capitalism will eat democracy – unless we speak up!

26 Jan

By Keffyalew Gebremedhin – The Ethiopia Observatory (TEO)

TED: Yanis Varoufakis thinks we need a radically new way of thinking about the economy, finance and capitalism.

“Have you wondered why politicians aren’t what they used to be, why governments seem unable to solve real problems? Economist Yanis Varoufakis, the former Minister of Finance for Greece, says that it’s because you can be in politics today but not be in power — because real power now belongs to those who control the economy.”
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Open letter to AU leaders: “Don’t just promise development, Deliver it” – IFAD President

22 Jun

Posted by The Ethiopia Observatory (TEO)

Kanayo F. Nwanze’s open letter to African Union heads of state

    “In an Africa where 20 states are classified as fragile and 28 countries need food assistance, the need for a real rural transformation backed by investment and not just words is critical – I have often said that declarations don’t feed people.”
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Ethiopia’s Farms and finance – The Africa Report

28 May

Posted by The Ethiopia Observatory

    The government has a mission to use a strong state to build infrastructure and develop the industrial and agricultural sectors. It argues that it could repeat the rapid growth of East Asia in the 1990s, but critics warn about intimidation of the opposition and the risks of crony capitalism.

The rebel army that chased the Derg military regime out of power in 1991 inherited a time bomb that could easily have spun out of control. Massively poor, plagued with chronic food shortages and with a population explosion around the corner, Ethiopia sat in a region gripped by post-Cold War insecurity.
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Ethiopia & Netherlands sign MoU: How much have Ethiopian producers directly benefitted from their cooperation?

5 Apr

by Keffyalew Gebremedhin

Ambassador Dina Mufti

Ambassador Dina Mufti

This article is based on ERTA news report: Ethiopia, Netherlands sign MoU . It dwells on the remarks of Ambassador Dina Mufti, Spokesperson of the Ethiopian Ministry of Foreign Affairs.

On Thursday April 4, the spokesperson is quoted stating, “Netherlands is one of those countries that have remarkable economic and diplomatic relations with Ethiopia.” By that sentence, I was induced into expecting to read in the next line how much Ethiopia, as a country and Ethiopians as investors and entrepreneurs, have benefitted from that “remarkable economic and diplomatic relations” with the Netherlands.
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Meles says Ethiopia not ready to liberalize key sectors of the economy

8 Mar

By Evelyn Njoroge, Capital FM Business

NAIROBI, Kenya, Mar 5 – Ethiopia insists that it will maintain a foothold on some key sectors despite increased calls from neighbouring countries to open them up.
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Opening parliament, president tells members regime recognizes Meles’s monetary policy has been wrong and harmful

12 Oct

By Keffyalew Gebremedhin

President Girma Woldegiorgis told parliament at the beginning of the week that government would not take loans from the National Bank during the current Ethiopian fiscal year as part of its deficit financing, according to The Reporter. The paper indicated that this change of heart has come because the Meles regime has finally recognized that the lose money policy it has this far pursued has damaged the country’s economy, persistent double-digit inflation destroying the lives of ordinary people.
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