Ethiopian Business Review

Mikias Merhatsidk

Mikias Merhatsidk

EBR staff writter

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Teklewold Atnafu, the longest serving governor of The National Bank of Ethiopia (NBE), in his speech on financial liberalization in the country, at the eighth general assembly of the Ethiopian Economic Association (EEA) on July 15, 2000 asked the assembly, “Have we created, through financial sector liberalization, a diversified and deep financial system?” and answers himself “Obviously, there is still a long way to go in this respect. We still don’t have active money and capital markets. The types of financial instruments remain limited. The sector is not well diversified in terms of financial institutions. Competition in the sector is far from being fierce.” Fast forward 13 years and almost nothing is changed, except may be for the competition part, and his institution’s Neanderthal nature and the stifling directives it formulated through the years are partly to blame. And now the sector is facing yet another obstacle.

Love and Royalty

Friday, 15 November 2013 03:00 Published in Art & Life

You know how we hear about the great love stories of great people who lived centuries ago? Like Mark Antony and Cleopatra, Napoleon and Josephine and the list could go on. A lot has been said about such legendary lovers, we recount their all-consuming love and how they united to conquer the world and its imagination. They gave everything and lost everything; it made them and destroyed them.

January 21st 1962 was the greatest day in Ethiopian football history. Ethiopia was able to win its first and last African Cup of Nations (AFCON), after beating United Arab Republic (Egypt) 4-2 in additional time, in one of the most entertaining games ever played in African football history. Ethiopian football legends like Mengistu Worku and Italo Vassalo quenched the trophy thirst of the spectators packed at the then Haile Selassie Stadium.