Following the BRICS’ recent announcement that it will add Saudi Arabia, Iran, Ethiopia, Egypt, Argentina, and the United Arab Emirates, India faces a big strategic choice. Why should it belong to a China-centric club that will no longer share or serve its own interests, writes Arvind Subramanian, a senior fellow at the Peterson Institute for International Economics and Josh Felman Principal of JH Consulting.
With high debt levels and falling consumer and producer prices, China faces the prospect of a vicious cycle whereby lower demand leads to lower investment, lower output, lower income, and thus even lower demand. To avoid Japanification, policymakers must pursue aggressive aggregate demand stimulus, starting immediately.
The Chaka Project, a development project on over 503 hectares of land in Yeka Sub-City leaning on Yeka hill of the Addis Ababa City Administration, has become a pivotal national project. The project, spearheaded by Prime Minister Abiy Ahmed, is part of a grand ‘Smart City’ Development endeavour that would cost more than 500 billion birrs.
Addis Ababa, the dynamic capital city of Ethiopia, is grappling with an unprecedented housing crisis due to rapid population growth and urbanisation. The allure of Addis Ababa as Ethiopia’s political, economic, social and diplomatic hub has attracted a significant influx of people seeking better livelihoods, safe environment and job prospects. This surge in population, along with other factors, has led to a severe housing, transport and unemployment crisis in the city. It’s even transpiring unheard-of crimes in the broad day, while its impact on providing essential services has grown tremendously.
Globally, the insurance industry is a critical component of the financial services sector, providing risk management and protection to individuals and businesses, funding capital-intensive infrastructure projects and long-term shareholders of listed firms, to name but a few of the activities they are involved in. Long-term contracts and a wide range of products characterise the industry, including life, health, property, and liability insurance. It is highly regulated, with specific rules and requirements for insurers to operate and manage risk. Like all other industries, the global insurance industry is undergoing significant transformation, driven by digitisation, and this represents, for Ethiopia, a window of opportunity to radically re-design its insurance industry, further driving the changes experienced in the banking sector.
In urban planning, few endeavours have sparked as much debate and criticism as the establishment of Sheger City, encircling the vibrant capital of Ethiopia, Addis Ababa. This audacious plan has come under fire from various quarters for many reasons, including its unprecedented nature in city planning, unjust implementation, and questionable long-term sustainability. As stakeholders question its viability, it is imperative to reassess the plan and explore alternative approaches prioritizing equity, inclusivity, and environmental responsibility.
Ethiopia, one of the fastest-growing economies in Africa, is becoming a promising destination for telecom firms looking to expand their business operations. With a population of over 115 million and a growing demand for telecommunications services, the country is attracting an increasing number of new entrants into its telecom industry; however, entering a new market takes work, especially in a highly competitive sector like telecoms. As a new entrant, building a viable business in Ethiopia requires a carefully planned and executed strategy. This article will discuss practical strategies for new entrant telecom firms to build likely enterprises in Ethiopia.
The Sudan crisis that exploded in April is a stark reminder of the far-reaching spillovers of violent conflict in today’s integrated global economy. Beyond the suffering of the Sudanese people, a full-blown conflict would further destabilize the region. Sudan’s neighbours, such as the Central African Republic, Chad, Ethiopia, Libya, and South Sudan, are already facing conflict, civil unrest, and food insecurity.
As cities witness rapid urbanization, concerns regarding environmental sustainability have become increasingly prominent. Addis Ababa, the capital city of Ethiopia, serves as a fascinating case study in understanding the challenges posed by urbanization and the innovative strategies employed to tackle them.
After deepening for two decades, Africa-China’s economic relations are entering a new phase, owing to a variety of global, bilateral, and domestic factors. While China will remain a key player on the continent, African governments will need to keep their options open and be more mindful of a wider set of interests.
EBR