Ethiopian Business Review

Francis Fukuyama, born in Chicago, USA in 1952, is an American Author and Political Scientist. He received his B.A. from Cornell University in Classics, and his Ph.D. from Harvard in Political Science. Even if, Fukuyama has extensively written on political development and international political economies, he is more known for authoring the book entitled ‘the End of History and the Last Man’, on which he argued that the worldwide spread of liberal democracies and the free-market capitalism and the lifestyle of the West, may signal the endpoint of humanity’s socio-cultural evolution and become the final form of human government. 
His other famous publication, ‘Political Order and Political Decay: From the Industrial Revolution to the Globalization of Democracy’, is considered a masterful study of political development.

Fukuyama is currently a senior fellow at Stanford University in California. He is the Director of the Center on Democracy, Development and the Rule of Law.
In his latest book dubbed ‘Identity: the Demand for Dignity and the Politics of Resentment’, he asserts that the demand for recognition of one’s identity, which he deems a fundamental human instinct, is a master concept that defines much of the world politics today. In the book, the Japanese-American stated that the universal recognition on which liberal democracy is predicated has been increasingly challenged by narrower forms of recognition based on nation, religion, sect, race, ethnicity, or gender. If people no longer vote according to their values, such as an attachment to liberty, but by their identities, such as their faith or ethnicity, Fukuyama argues that democracy would cease to function. Indeed, identity is gaining centre stage in politics in many parts of the world today. Ethiopia is no exception.

Two months ago, the 67-year old distinguished professor, on his first trip to Ethiopia, met with Prime Minister Abiy Ahmed (PhD) and discussed on different matters. He gave his latest book on identity politics to the premiere.

Earlier this month, Fukuyama returned to Ethiopia again to train private sector developers. He also gave a public lecture at the American centre in Addis Ababa on “Populism and the State of Global Democracy”. In the sideline of the training, EBR’s Haimanot Ashenafi sat down with the global thinker to discuss about Ethiopia’s economic and political situations.

Sunday, 15 September 2019 00:00
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Nassir Dino (PhD), associate professor of software engineering, is chairman of the organizing committee of ‘Zamzam Bank’. He is also the cofounder and president of Higher Learning Center of Excellence (HiLCoE), a specialized centre of excellence in education, research and consultancy in the field of information and communication technology (ICT). The Centre was established in 1997 and has since graduated thousands of skilled professionals.

Thirteen years ago, Nassir started to establish Zamzam, the first Islamic bank in Ethiopia. However, his effort did not bore fruit because the National Bank of Ethiopia (NBE), the financial regulatory body, denied them license to start operations in the final hours.

After 13 years of patience, however, his effort got favorable response from the administration of Prime Minister Abiy Ahmed (PhD). During the holy month of Ramadan, on May 22, Yinager Dessie (PhD), the new governor of NBE, met the founders of Zamzam; and informed them the good news. After more than a decade of stall, the Governor told them to resurrect Zamzam. On the same day, the Premiere also reaffirmed his support for the realization of the bank. This was announced in a historic speech the PM made at the grand Iftar at the Millennium Hall. For Nassir, his team and the tens of millions of Ethiopian Muslims, the ecstasy the news created was unprecedented and is still afresh.

Zamzam has already started floating shares and is set to start operations in about a year. EBR’s Ashenafi Endale discusses with the professor who also studied Islamic Banking and Islamic Insurance in London, the UK, about the prospect of the bank.

Tuesday, 16 July 2019 00:00
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Adefris Worku (PhD), is director of Climate Science Research at the Ethiopian Environment and Forest Research Institute. He has conducted various research on climate change that has sbeen published on local and foreign journals. He blames the government for giving little attention to the forestry sector. Although schemes like carbon trading can have a positive impact on the country’s reforestation efforts, he stresses that it is only after the government focuses on the area that the nation can recover from the adverse impacts of climate change. EBR’s Ashenafi Endale sat down with him to further understand the issues the country is facing.

Sunday, 16 June 2019 02:00
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