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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.


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Winning Strategies for New Entrants

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.



For several decades, markets and market incentives were the main drivers of economic trends and policies. No longer. We have entered an age of political economy, in which the actions of governments and the possibility of drastic policy shifts have become the main determinants of economic performance.



Industrial policy has always been a controversial dimension of growth and development strategies in emerging economies. Now, the introduction of the CHIPS and Science Act, [a US federal statute enacted by the 117th United States Congress and signed into law by President Joe Biden on August 9, 2022. The act provides roughly USD280 billion in new funding to boost domestic research and manufacturing of semiconductors in the United States], and the (misnamed) Inflation Reduction Act in the United States has reignited a similar debate in advanced economies. Unfortunately, it’s a debate that often generates more heat than light.



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.



Over the past few decades, companies have bent over backward to recruit and retain talented workers with enormous pay packages, generous perks, and promises of greater autonomy. As interest rates rise and growth slows, however, corporations are using the current economic upheaval to wrest back control.




Ethiopian Business Review | EBR is a first-class and high-quality monthly business magazine offering enlightenment to readers and a platform for partners.



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