🇪🇹EthiopiaEast Africa
Ethiopia's insurance industry faces major changes under new proclamation
via The Reporter Ethiopia7 min read
A draft amendment to Ethiopia's Insurance Business Proclamation proposes significant reforms, including ending the provision of general and long-term insurance services under a single license. The draft also aims to establish the Ethiopian Insurance Regulatory Authority, an autonomous body that would take over regulation from the National Bank of Ethiopia NBE. This move addresses long-standing calls from insurers who argue the NBE's focus on banking has hindered their growth. If ratified, the proclamation would require separate licenses for reinsurance and Takaful insurance services. The proposed authority, led by a seven-member board including representatives from the NBE and Ethiopian Capital Market Authority, would be responsible for licensing and compliance. Furthermore, the draft seeks to open the insurance industry to foreign investment, allowing foreign insurers to establish partially or fully owned subsidiaries or acquire shares in existing Ethiopian insurers. Strategic foreign investors would be limited to 40 percent of subscribed shares, while non-strategic foreign nationals could own up to 10 percent. Foreign direct investment in foreign currency would be required for foreign nationals and foreign-owned organizations. The draft also includes provisions for mergers and acquisitions, granting the Authority power to enforce statutory mergers to assist problem insurers or create stronger entities. Financial analyst Abdulmenan Mohamed PhD expressed concerns about the ne
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This summary was AI-generated from a story originally published by The Reporter Ethiopia.
Must ReadAttacks against African nationals in South Africa are more accurately described as Afrophobia, a form of hostility directed at fellow Africans, rather than simply xenophobia. This distinction is crucial for effective diagnosis and response. While ordinary South Africans are generally warm and humane, misleading narratives contribute to this issue, often portraying non-South African Africans as burdens on public resources or job stealers. However, claims about migrants taking jobs are often inaccurate, as many non-South African nationals face significant barriers to formal employment and primarily work in the informal sector. The notion of South African exceptionalism is also problematic, as the country shares similar challenges and potential with other African nations. The persistent labeling of Africans as "foreigners" on African soil undermines continental unity and reinforces exclusionary attitudes. Afrophobia is not merely about economic competition but also a philosophical crisis of African identity, stemming from a deeper failure within the transnational African project. South Africa's advanced infrastructure, a legacy of settler-colonial history, has not benefited the majority, creating a vacuum where citizens are misled into believing they are superior. This contributes to viewing fellow Africans as competitors. The current surge in Afrophobia is also linked to the "long shadow of coloniality," where postcolonial states sometimes perpetuate exclusionary tactics. The u
Ethiopia's Ministry of Health highlights significant transformation in the health sector, including facility expansion, improved disease detection, digital health platforms, and international recognition. However, despite these advancements, the everyday experiences of citizens present a more complex picture. Outpatient service utilization remains limited compared to neighboring East African countries, and many patients bypass primary facilities due to concerns about quality and equipment. Child health indicators also show that many children with common illnesses do not access formal health facilities. Studies indicate patient satisfaction levels range from 51% to 63%, with common issues including drug shortages, long waiting times, and limited communication. There is a growing public perception that quality of care is not improving at the same pace as expansion, impacting trust. The health workforce faces demanding conditions, with fewer than 1 physician per 10,000 people, leading to high patient loads, low job satisfaction, and burnout. Infrastructure expansion, particularly health posts, faces maintenance challenges, with many facilities aging and inadequately equipped. The quality of training for health professionals also requires sustained attention to ensure consistent standards. These observations suggest Ethiopia's health system is in a transition phase, with progress made but new challenges emerging in quality of care, service reliability, workforce support, infrastr
Children worldwide are celebrating the fifth anniversary of Kids' Athletics Day, a month-long campaign in May 2026 designed to encourage young people to be more active. The initiative, which started in 2022, has already reached 1.3 million children through schools, clubs, and communities, and aims to reach a total of two million this year. The 2026 theme, "The Power of FIVE," emphasizes celebration and connection, promoting local creativity while working towards the global goal of increasing children's participation in athletics. The campaign launched with Olympic 200m champion Letsile Tebogo joining 50 children in Botswana for an event ahead of the Debswana World Athletics Relays Gaborone 26. The Botswana Athletics Association also hosted over 400 children at a festival, providing them with tickets to watch the World Relays and the opportunity for some to serve as baton kids, interacting with athletes on the track. Uganda has seen significant participation early in the campaign, with over 37,000 children in 22 activations, while Benin, Brazil, Kenya, and Venezuela have each engaged around 5,000 children.
D.C. United announced a friendly match against the Ethiopia national team, scheduled for Saturday, July 11, at 7:30 p.m. ET at Audi Field. This event marks the third annual Ethiopia Soccer Legacy Match. Previously, D.C. United hosted Ethiopian Premier League sides Coffee Sport Club and St. George FC in September 2024, and the Ethiopia national team in August 2025. Tickets for the friendly are not part of Full Season Ticket Packages, but Season Ticket Members can claim up to four complimentary tickets. A presale window for Season Ticket Members and Audi Field subscribers opened on May 7. Dr. Erkut Sogut, D.C. United Managing Director of Soccer Operations, expressed honor in welcoming the Ethiopian national team, highlighting the unifying power of football. The Ethiopia Soccer Legacy Match was established in 2024 through a collaboration with D.C. United co-owner Eyob Joe Mamo, CEO of Capital Petroleum. This partnership aims to develop future talent in Ethiopia and bring Ethiopian clubs and the national team to Audi Field. Mamo, an Ethiopian native, spearheaded the collaboration with the Ethiopia Football Federation to bridge the gap in Ethiopian soccer and connect the Ethiopian community to soccer in the DMV area. The Ethiopia national football team, known as the Walia Ibex, won the 1962 Africa Cup of Nations. Under head coach Yohannes Sahle, appointed in January 2026, Ethiopia advanced in the 2027 Africa Cup of Nations qualifying with a 4-0 aggregate victory over São Tomé and