The Arabs in old times used to say:
Four things separate brothers:
wealth, women, jealousy, and death.
Four things make you lose your value among people: talking too much, laughing too much, lying, & gossiping.
Four things by which a wife ruins her home:
stubbornness, anger,
Instead of watching an hour of Netflix, watch this 2-hour Stanford lecture on AI careers. It will teach you more about winning in the AI race than all the AI content you’ve scrolled past this year.
La hawla wala quwwata illa billah...
NASA shared images of space from Mars.
In the face of the magnificence of His infinite and supreme power, even spending a whole lifetime in prostration (Sujood) to Allah would not be enough.
"Can a foreign country indict Donald Trump in their domestic courts and send in their Special Forces into DC to try and grab the president of the US? This is madness. No one accepts the legal basis for this."
Me on MSNOW today.
Life goes on, with or without you. Be prepared for whatever comes your way. When you least expect it, it will test you & challenge you. How you respond will set the tone for the rest of your life. Don’t take things for granted. Be on guard always because Satan is waiting for you to fall.
Met Prime Minister Abiy Ahmed Ali of Ethiopia during the G20 Summit in Johannesburg. India and Ethiopia share a partnership rooted in history and strengthened by developmental cooperation. We will keep boosting ties in sectors like technology, skilling and more.
@AbiyAhmedAli
Africa has 16 landlocked countries that lack direct access to the sea, meaning they depend on neighboring nations’ ports for trade and imports/exports.
Uganda 🇺🇬
Ethiopia 🇪🇹
Botswana 🇧🇼
Burkina Faso 🇧🇫
Burundi 🇧🇮
Central African Republic 🇨🇫
Chad 🇹🇩
Lesotho 🇱🇸
Malawi 🇲🇼
Mali 🇲🇱
Niger 🇳🇪
Rwanda 🇷🇼
South Sudan 🇸🇸
Eswatini 🇸🇿
Zambia 🇿🇲
Zimbabwe 🇿🇼
"Egypt can no longer claim 100% control over the Nile when it does not contribute a single drop of water to the river." — Amb. @TiborPNagyJr@RAbdiAnalyst
Here’s the IMF’s latest report (verbatim), dated July 2, 2025, on Ethiopia’s economic reforms.
1. Ethiopia has made significant progress in implementing fundamental macroeconomic reforms under the Extended Credit Facility (ECF), approved in July 2024. Economic indicators have improved markedly, with better-than-expected results for inflation, export growth, and international reserves.
2. Strong GDP growth for the next 5 years
2025 7.2%
2026 7.1%
2027 7.7%
2028 8.0%
2029 7.8%
My comment: For comparison, sub-Saharan Africa’s avg. GDP growth between 2025 and 2029: 3.48%
3. Inflation to decline to single digits within 3 years
2025 16.6%
2026 12.0%
2027 9.2%
2028 7.7%
2029 7.2%
My comment: Achieving single digits in the next 3 years and sustaining it at that level will be a huge positive for the economy.
Inflation had been a structural challenge for over a decade & needed to be tackled in order for Ethiopia (the fastest growing of the 5 largest economies in Africa) to achieve its growth potential. New policies implemented the last 3 years achieved significant decline in inflation, from 37.2% in 2022 to 19.9% in 2024, now heading to single digits.
4. All quantitative performance criteria were met. There was overperformance in the accumulation of net international reserves, resulting from strong gold exports. There was no new provision of advances from the National Bank of Ethiopia to the government, accumulation of external arrears, or contracting of non-concessional external debt.
My comment: The country achieved record exports in FY 2025’s 11 months exceeding $7.2 billion, more than 150% compared to the same period in FY 2024.
5. Recent FX policy measures to enhance transparency, reduce costs for market participants, ease restrictions on current account transactions, and strengthen prudential regulations contribute to improving FX market efficiency. Continued policy efforts will be critical to cement the impressive gains from the FX market reform, maintain competitiveness, improve reserve coverage, and gradually tackle the remaining FX restrictions. Maintaining tight monetary and financial conditions and a prudent fiscal policy stance are important for managing inflation.
6. Measures to mobilize domestic revenues, enhance social safety nets, phase out fuel subsidies, strengthen SOEs, and improve fiscal transparency continue to show encouraging results. Maintaining a prudent approach to spending, timely tax revenue reform implementation, and further development of market-based domestic financing instruments are warranted.
7. Ethiopia continues efforts to restore debt sustainability, and is taking steps to secure a debt treatment. Progress made in negotiations with the Official Creditor Committee (OCC) under the Common Framework is welcome. The country is making good faith efforts to reach an agreement with their external commercial creditors on terms comparable to the OCC terms, and consistent with program parameters. The financing assurances received and adjustment efforts made are consistent with IMF policy requirements and program parameters.
8. IMF commended Ethiopia’s significant progress in advancing the homegrown economic reform agenda supported by the Fund’s program, and welcomed the strong macroeconomic outcomes achieved. Noting the downside risks, including potential social discontent, security challenges, and climate shocks, the IMF emphasized the need to maintain the reform momentum, with technical assistance from the Fund and development partners, to consolidate gains and support a more favorable investment environment and diversification. Ensuring societal support for the envisaged reforms and contingency planning would be crucial for the program’s success.
In conclusion:
The IMF’s Executive Board approved Ethiopia to draw the equivalent of about US$262.3 million (SDR 191.7 million) from $3.4 billion ECF. Total disbursements so far, about US$1.873 billion.
See full report at IMF’s website.
🚀 🌍 Africa’s largest dam will generate $1 billion annually—but its impact goes far beyond revenue, Ethiopian officials say.
Here’s why the Grand Ethiopian Renaissance Dam (GERD) is a game-changer 🧵👇
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