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Check FAQAbout Samson
For over a decade, I've had the privilege of shaping public discourse through impactful journalism. My career began by conducting extensive research and producing data-driven analyses for publications covering African markets. In 2016, I stepped into my first journalism role as Research Editor, where I thoroughly examined primary sources to craft compelling narratives exploring complex policy issues. Leaders recognized the insightful perspective I brought, prompting a promotion to Editor-in-Chief a year later. I then served as the Editor-in-Chief of Addis Fortune for another one year until end of 2017. As head of Ethiopia's highest circulated business magazine, Ethiopian Business Review, I led all editorial functions from 2018 to 2020. Under my guidance, the publication broke impactful stories and published many deep dives. It was tremendously rewarding to see our work thoughtfully inform discussions. Eager to expand my experience, I next served as Co-Producer of a show called EthioBusiness at EBS Television- Ethiopia's most popular brodcaster. In this role, I set the strategic direction and oversaw production of their esteemed journalism. Most recently, I've had the honor of serving as Editor-in-Chief at The Reporter Ethiopia - an influential independent newspaper, between 2021 and 2023. Here, I've worked to strengthen our impact through compelling narratives and investigative pieces addressing society's most pressing challenges. Throughout my career, mentoring teams to achieve their full potential has brought me great satisfaction. Leaders consistently note my creative abilities to craft engaging explorations of complex topics and drive organizational goals. After over a decade innovating across various editorial roles, I'm passionate about continuing to use journalism as a catalyst for positive change.
Portfolio
Moving Beyond Personal Ties: The Need to Professionalize Ethiopian Banking
The fine line between lucrative and wasteful transport projects
Ministers, executives, and private sector representatives gathered in Addis Ababa for a historic investment summit led by President Sahlework Zewdie, marking the launch of transport infrastructure projects worth over three trillion Birr. The ambitious ten-year plan aims to create 1.4 million jobs, increase road coverage by 71%, and significantly expand railway and flight infrastructure. However, concerns about feasibility, financial constraints, and past project delays were raised. The Ministry of Transport plans to adopt rigorous monitoring and evaluation procedures to ensure successful implementation, while experts emphasize the need for feasibility studies and prioritization.
Nyala Tops Profit List Among Private Insurers
Nyala Insurance achieved a remarkable net profit growth of 71% to 122.2 million Br, leading among private insurers. The company's market share in general insurance is 6%, and it surpassed Awash Insurance in profit. Key factors for this growth include an overhaul of the risk management system, a prudent underwriting policy, and increased income from investments. Despite a slight decline in retention rate, Nyala's earnings per share rose significantly. The company also saw a decline in paid claims and an increase in gross written premiums. However, rising expenses in salaries and benefits were noted, suggesting a need for cost control mechanisms.
The uphill battle to choke money laundering
Ethiopia has made significant strides in combating money laundering, including demonetizing the Birr and encouraging electronic transactions. Despite being removed from the EU's high-risk list, challenges remain due to legal loopholes, lack of strong institutional integration, and inadequate customer identification procedures. The Financial Intelligence Centre and other agencies are working to address these issues, but further improvements are needed to effectively curb money laundering and terrorism financing.
Amhara Bank in dispute with commercial banks over unpaid interest
Amhara Bank is in a dispute with 10 commercial banks over the repayment of interest on its paid-up capital, which amounts to between 420 million Birr and 780 million Birr. The bank argues that interest should be paid on closed accounts, while the commercial banks claim that the nature of the agreement prevents them from doing so. Amhara Bank has sought intervention from the National Bank of Ethiopia and is considering legal action to resolve the issue.
The Solar Market in Rope Halters
The article discusses the challenges and opportunities in Ethiopia's solar market, highlighting the struggles of rural households like Tinsaye Tenaw's in accessing electricity. It examines the high costs and limited availability of solar products, exacerbated by contraband markets and regulatory hurdles. Despite significant market potential, private investment is hampered by foreign currency shortages and restrictive policies. The article emphasizes the need for better financing mechanisms, government incentives for local assembly, and end-to-end control for solar companies to ensure quality and service delivery.
Coca-Cola’s optimistic strides in Ethiopia
Daryl Wilson, Managing Director of East Africa Bottling Share Company, discusses Coca-Cola's extensive expansion projects in Ethiopia, including new facilities in Sebeta and Hawassa. Despite challenges such as foreign currency shortages and political instability, the company remains optimistic about Ethiopia's economic potential. The merger with Ambo Mineral Water and the impact of COVID-19 on business operations are also highlighted. Coca-Cola plans to introduce new products and increase local production capabilities to meet growing demand.
Traders Await Trade Deal Between Somaliland, Ethiopia To Use Berbera Port
Traders in Ethiopia are anticipating a trade agreement with Somaliland to utilize the Berbera Port for commercial goods. Currently, the port is used for public goods and some factory imports. Talks are ongoing, with hopes for a deal this year. Ethiopia missed a chance to buy a 19% stake in the port, which is primarily owned by DP World and Somaliland. DP World aims to increase Ethiopia's use of Berbera Port to 30% over the next decade. DP World has invested significantly in the port, which is under construction.
Mugher on Risk of Shutdown Despite Production Upturn
Mugher Cement, despite a significant profit increase to 60 million Br and a production boost of 28% in the last fiscal year, faces potential shutdown due to persistent power disruptions at its Tatek plant. The company struggles with a 1.2 billion Br debt to the Commercial Bank of Ethiopia and ongoing operational challenges. The power issues, affecting multiple cement manufacturers including Dangote Cement Industries, are a major bottleneck, with Ethiopian Electric Power denying any deficit. Industry stakeholders emphasize the need for solutions to avoid shutdowns.
Light Railway incurs 4.6 billion Birr in losses
Addis Ababa Light Railway, under the Ethiopian Railway Corporation, incurred a 4.6 billion Birr loss in its first four years, borrowing from the Commercial Bank of Ethiopia to repay its USD 475 million debt. A performance audit by the Office of the Auditor General highlighted financial mismanagement and inefficiencies, including fines for late payments to Chinese Exim Bank. Despite the railway's public service role, the Addis Ababa City Administration has not subsidized its losses. The newly established Liability & Asset Management Corporation will manage the debt of state-owned enterprises, including the Ethiopian Railway Corporation.
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