Netsaalem B Gebrie

For China and other advanced economies, gold is a hedge and strategic asset for the future. They buy to store wealth and for industrial applications. For us, it’s a survival asset for the present. We are selling not because of strategic economic choice but as it's one of the few major options to replenish our foreign currency reserves which always trend at near zero.

#Ethiopia #NBE #GOLD The Ethiopian central bank is one of the top countries in selling its gold reserves over the past 5 years, while countries like China and Poland top the buyers list. Thoughts?

Technically speaking, this isn't "bold" it’s a necessary, albeit slow, attempt to catch up with global financial standards. While the new regulations are more relaxed than before, significant restrictions remain. Years of heavy-handed restrictive regulations have forced banks, users, and regulators into a perpetual game of hide-and-seek enabling the parallel market to flourish and leaving our country's financial system lagging behind even our immediate neighbors. The long-term implications are positive, though we should expect some degree of short-term capital flight until trust is fully restored. When restrictions continue to ease (like this one), trust will grow. Banks now have a massive responsibility to modernize their accessibility including international payment cards, internet and mobile banking for international transfers and eliminate insane service charges for outbound wire transfers (4% of the amount of transfer- a fee that doesn't doesn't exist in the global financial system. If the banks remain slow to change, parallel market continue to thrive and the pain from the forex reserve shortage continues. If they adapt fast and succeed, the chronic foreign currency drought could finally become a thing of the past. @EyobTolina

This is bold! What will be the short term, medium and long term consequence of these policy shift? comment below

A government is the “biggest gang,” with a local monopoly on violence. It’s good at preventing and stopping things. It’s bad at building and running things. Its main job is law and order, and a government which fails at that, is a failed government.

🫀 Day 12 — Black Lion Hospital | Mission #4 Update 🇪🇹 Reporting from Black Lion Specialized Hospital, Dr. Tesfaye Telila (Piedmont Atlanta) shared today’s milestone: ✅ 132 life-saving procedures completed so far during this mission — including pediatric cardiac surgeries, transcatheter interventions, and adult open-heart surgeries. The team remains strong, though understandably tired, with three more working days to go. From the cardiac surgery team: 🔹 Dr. Jim Kauten reported 24 open-heart procedures performed across all partner hospitals. Today’s focus is on two mitral–tricuspid cases, with two more planned Thursday and one Friday. “So far, everyone is doing well post-op with good aftercare and steady progress,” he shared. 🔹 Dr. Nish Patel highlighted 78 transcatheter procedures completed between Black Lion Hospital and the Cardiac Center Ethiopia. Four TAVR patients are already stable enough to go home today. 🔹 Mesfin Dollar (Mayo Clinic Perfusionist) added that three bypass surgeries were completed this week, with all patients expected to leave the ICU by this afternoon. While the work has been physically and mentally demanding, the team continues to ride the emotional high of seeing patients recover and thrive. Dr. Telila reminded us that missions go beyond surgery — they involve complex coordination of supplies, adapting to resource limitations, and working outside the comfort of home institutions. Logistics like warehouse access and limited instrument sets have been challenging, but local nurses and technicians have been working tirelessly alongside us to keep the mission moving. 🙏🏽 A huge thank you to the incredible staff at Black Lion Hospital, whose dedication and teamwork have made this progress possible. With just a few days left, the mission continues — healing one heart at a time. 💙 #HeartAttackEthiopia #MissionTrip4 #Day12 #GlobalHealth #BlackLionHospital #CardiacSurgery #TranscatheterTherapies #HealingOneHeartAtATime #MedicalMissions #Teamwork #SurgicalCare #TAVR #BypassSurgery

These are the likely outcomes I predicted would result from the sudden and disorderly implementation of the reform. As anticipated, the IMF appears to be distancing itself now that the economic downward spiral is becoming more evident and will likely shift the blame onto the government. And I agree both are guilty! Here’s what I wrote a year ago x.com/getfreeworld/s…

@stark700AD @EthiopianPolicy @AbiyAhmedAli Both are equally guilty ( The IFIs because they claim to bring development in global south - hypothetical when you see this.)

#Ethiopia: On July 15, 2025, the IMF warned the @AbiyAhmedAli regime that its $3.4 billion IMF bailout-funded “reform” agenda faces significant risks, citing declining donor support & persistent security risks. 1/2 ethiopianpolicy.com/2025/07/15/imf…

35ኛው የሂሊንግ ቫልቭስ ኢትዮጵያ የነፃ የልብ ቀዶ ጥገና ለቶለሺ ከSeattle, Washington, የወንዶች ጉዳይ ማህበር የተበረከተ. ከ6ኛ ክፍል ት/ቷን ያቋረጠችው የ19 አመቷ ቶለሺ በብቸኝነት ከምታሳድጋት ገበሬ እናቷ ጓዳ ለመቅረት ተገደደችው ለልብ ድካም

African countries don't appear in top 30 world's biggest exporters liat; not even close. The combined total export value of the 54 African countries is around $640B that's almost equivalent to the value of South Korea's annual export. See how far behind Africa is? Africa’s export profile remains commodity-heavy, lacking the manufacturing and value-added industries. There is huge potential in the continent, however a collective vision for change is not there whatsoever.

"One advantage of getting older - you become more decisive." @naval

I don't think setting a minimum wage alone will resolve the issue, especially given the rapid debasement of the birr. With birr's purchasing power eroding continuously, a wage set today could become insufficient in just a few months or a year. So, setting a minimum wage gives little real protection for these workers. As a temporary measure, one possible solution could be to establish a baseline wage in birr and peg to the dollar. This at least could preserve the purchasing power and help workers to cope with the inflation. More broadly, however, this is not merely a minimum wage setting issue, it is a deeper macroeconomic challenges that require well thought out structural reforms, not just an IMF/WB driven pseudo reform.

Minimum wage is a must in Ethiopia. I realized this 6 years back while carrying out an in-depth study about minimum wage in Ethiopia. Hawassa ind park was one the places I visited for the study. You have the full report, still relevant, here👇 researchgate.net/publication/38…

🎉 Heartfelt Gratitude to Terumo 🎉 We are beyond grateful to @terumoisuk Cardiovascular for their generous support, providing radial sheaths and Ultimaster stents, which enabled us to perform PCI for ACS and primary PCI for patients in critical need. Thanks to their contribution, we were able to save multiple lives, offering timely and life-changing interventions. The people of Ethiopia and the volunteers are grateful for your kind donation. #HeartHealth #MedicalMission #PCI #SavingLives #Terumo #Gratitude #HeartAttackEthiopia @TTelila @drmerid

Most people live the same six months 100 times in a row and then they die

“It is bad enough that so many people believe things without any evidence. What is worse is that some people have no conception of evidence and regard facts as just someone else's opinion.” — Thomas Sowell

@MarioNawfal Deepseek is not familiar about deepseek and not sure what it is capable of.

🚨🇨🇳BREAKING: DEEPSEEK DROPS JANUS-PRO 7B, NEW OPEN-SOURCE AI MODEL, SHAKES AI MARKET AGAIN Fresh off the chaos caused by its R1 release, China’s DeepSeek just launched another open-source AI model—Janus-Pro 7B—on Hugging Face. This multimodal model claims to match or surpass task-specific AI models and rivals OpenAI’s DALL-E 3 in unified understanding and generation. After R1’s debut wiped nearly 15% off Nvidia’s valuation, DeepSeek has now restricted registration to Chinese phone numbers as demand surges. Another shot fired in the AI arms race. Source: Seeking Alpha

@MarioNawfal Deepseek is hyped. I tried it and it is nowhere even close to chatgpt, grok or Geminai.

🇨🇳DEEPSEEK’S $500M CLAIM: IS IT A FAIRYTALE? Let’s be real—claiming it costs $500M to build DeepSeek feels like a stretch. Why? 1.⁠ ⁠Labor Costs: Chinese labor is about 20% the cost of American labor. Adjusting for that difference alone would push the budget closer to $2.5B. 2.⁠ ⁠Energy Costs: Power in China is 124% cheaper compared to the U.S. 3.⁠ ⁠Construction & Equipment: Cheaper materials and manufacturing costs cut expenses significantly—from 30% to 80%, depending on the project. Sure, building in China is cheaper, but comparing it to something like OpenAI in the U.S is like comparing a house in Wuhan to Trump Tower in NYC. It looks good on paper, but is it really on the same level? Source: statista, famisourcing

#Ethiopia የትኛውም ሀገር በማንኛውም ጊዜና ምክንያት ለሀገራችን እርዳታ ሊሰጥ ወይም ሊከለክለን ይችላል። መቆጨት ያለብን ለምን ተከለከልን/ተቀነሰብን ብለን ሳይሆን፤እንዴት ከተረጂነት መውጣት አቃተን? የኢኮኖሚ አቅም እንዴት እንገንባ ብለን ነው

If you live like no one else, you can live and give like no one else! @MrBeast your generosity is amazing! youtu.be/SM66GDRyIVY?fe…

We have wrapped up an incredible two weeks in Ethiopia where Mission Trip #3 resulted in 83 life-saving procedures and operations! ❤️ ✈️   Dr. Tesfaye Telila gives us a final briefing from a temporary storage room overflowing with donated medical supplies from our U.S. partners. 🏥 Catheters, wires, balloons, and stents – all flown in with our amazing team – are ready to be distributed to our three partner hospitals. 💪 This means local cardiovascular specialists can continue to perform life-saving procedures even after we've returned home.   A huge THANK YOU to Ethiopia for your incredible hospitality, guidance, and invaluable partnerships. 🙏We're already looking forward to our 4th mission trip in July! #HAE #Ethiopia #CardiovascularCare #GlobalHealth @FMoHealth @flyethiopian @TTelila @mmamas1973

@flyethiopian new AIRBUS A351.

Male Out of Stadium Athlete of the Year Winner 🏆 🇪🇹's Tamirat Tola is your Male Out of Stadium Athlete of the Year 🤩 #AthleticsAwards