Why is modern human’s collective good will and deeds end up, for the most part, unfulfilled and systemically frustrated by those very ones consciously placed to facilitate their lively and virtuous expressions? We admit, the question sounds simplistic and might well be an overwhelming generalization of our myriad conditions. Nevertheless, one has to brave such reflections if one is desirous of understanding current societies’ monolithic and we might add, dangerous trajectory. Various historic systems suggest it is our inherent goodness, however circumscribed, (particularly in light of the man-eat-man social order) that can be relied upon to serve as unfaltering beacon (lightening unknown outliers) in our relentless pursuit to achieve a more harmonious collective social order!
Our considered opinion as well as emotional inclination is to assign the lion’s share of the blame (in these incessantly failing projects—to desired fulfillment) to those whose very makeup makes them inherently antagonistic to almost all concerted efforts towards the betterment of the general human condition. Again, the operating word here is ‘betterment.’ It is utilized in the direction of a more benevolent/altruistic and sustainable social order that tries to bring relative peace and stability across the world, despite the oppressive domination of chronically manipulative and materialistically fixated base that underlies it. At this point, it is wise to interject the crucial reminder; modern humans’ achievements are, literally speaking, results of cheap energy, mostly from non-renewable sources. Going back to the above main problematique, namely the recognition and avoidance of evil, we believe the whole endeavor to salvage humanity from it all, must start by tapping recent scientific findings in modern psychology/medicine, particularly in regards to the abnormal behaviors of global psychopathic and sociopathic rules.
Certain individuals ruthlessly crave to capture and retain power, at whatever expense (amply demonstrable in all modern setups). This seems to be the main underlying problem of all organized criminality, whether applied to aspects of social or material management! Oblivious to the grave danger of enabling such individuals to assume power as well as responsibility, modern societies were and still are made to pay dear price, both in lives and resource destructions. To these individuals, power doesn’t come with responsibility, but only with privileges, privileges to unleash their demented nature on all and sundry. Unless we are willing to understand the very nature of these flawed characters, we will end up repeating the same old mistakes again and again. In this regard, we can mention individuals whose names connote pure evil and unimaginable atrocities, like Hitler, etc. The many modern infrastructures, physical or otherwise, built by humanity to better its general condition, have been used (by such sick individuals) as essential tools for the continuous manipulation of the easily confusable sheeple (the human mass)! To be sure, the ultimate objectives of these psychopaths/sociopaths are (if one desires to delve into their abnormal thinking) the continuous gaming of collective humanity in whatever sadistic endeavors they deliriously want to engage in. These creatures are, in their cores, evil, anti-human and anti-life!
What are some of the tools these sickos use against the gullible and largely benevolent humanity? To start with, they know the average sheeple is always scared of change, however inevitable change is. Obviously, and speaking from the viewpoint of rationality, the whole belief in unchanging scenario is absolutely ridiculous. Ridiculous as it is, it is this salient sentiment of stability, which seems to avail us a semblance of endurance and anchor, in an otherwise fluidly temporal world. Without this rather irrational conviction, the effort of engaging in wholesome societal projects (that can outlast generations) will be rendered farfetched and untenable, rationally speaking! Be that as it may, humanity’s scums of the earth (psychopaths/sociopaths) keep on relying (amongst other things) on the inherent weakness of human’s fear-of-change! Psychopaths are quite aware of this predicament and are ever ready to leverage this primordial failing of ours to the various evil deeds/ends they keep on concocting. These criminally inclined characters pose and present themselves as ‘white knights’ to save humanity from the ‘evil of change’! They falsely insinuate the capacity to keep everything unchanged, appeasing the ever-frightful sheeple. Not that they will ever deliver steady-state static phenomenon, far from it; but they keep leveraging the lie till thy kingdom comes, only to secure power. Psychopaths’ vision of life is obsessive domination tinted with parochial inclinations that are of temporal duration. The ultimate high for these sickos is riding immediate prevailing power, without the consideration of long-term consequences, however devastating these consequences are/might be to collective humanity (anti life)!
The sheeple’s desire is to instinctively secure the future, (the imperative of procreation), while the sickos want to capture the moment. That is why they unashamedly and continuously lie, as if there is no tomorrow. Sure enough, there is no tomorrow as far as they are concerned, but unfortunately the gullible sheeple seem to keep on falling for their dead-end schemes. Some manipulative systems (corporates, political entities, etc.) as well as individuals think of psychopaths as ‘useful idiots’, ‘iron hammers’, etc. to be used and abused for various dirty works of machinations, political or otherwise. Humanity, cautiously but soberly, must become acutely aware of these rare individuals and their dangerous attitudes, which are detrimental to all lives. The earlier we recognize and deal with them the better our chance of (relatively) increased survival. Admitted or not, all political entities do have such characters embedded within their membership. Hence, they must be carefully identified and eliminated, not only from core leadership, but also from the rank and file! Warnings; by proposing outlandish lies, these characters tend to portray knowledge and act knowledgeable, compared to those forthright leaders that are willing to tell difficult truth. As an example, one can compare and contrast the administration of President Carter with the actor-turned president, Ronald Reagan.
Don’t forget, the global status quo, or the more powerful core of this amalgam, namely the “deep state’, is infested with people proven to have psychopathic/sociopathic tendencies. The deep state is essentially anchored on the philosophy/principles of these destructive anti human behaviors. To recall our definition; the deep state is the military-intelligence-industrial-banking-media-complex of the strong states. In its (deep state) core essence, the above concatenation can be translated to power-money-lies. To us, this is where (almost all) the major problems of current humanity lie!
RECOGNIZING EVIL-FINAL
Managing risk: NBE to establish risk based internal audit for insurers
National Bank of Ethiopia (NBE) is going to introduce risk based internal audit (RBIA) for insurers to enhance companies’ soundness. It has also issued a similar directive for banks in the current fiscal year.
According to the information that Capital obtained from NBE, the central bank has been engaged on gathering input from insurers in regard to the upcoming RBIA directive from late last year.
Belay Tulu, Insurance Supervision Directorate Director at NBE, few weeks ago told Capital that NBE has been taking a feedback from stakeholders on the draft directive. He added that further discussion shall be undertaken with sector actors before issuing the directive.
Pundits in the insurance industry told Capital that the draft directive that was sent from the regulatory body is more or less similar with that issued for banks in August last year.
The risk based internal audit directive no. SBB/76/2020 that became effective as of August 24, 2021 on its preamble stated that; it is supplemental to the risk based supervision, enhances soundness of the banking system, and improves the effectiveness of internal control system and enhances corporate governance of a bank.
It added that there is a need to have an internal audit function that not only independently ensures accuracy, reliability, timeliness and completeness of transactions as well as financial and operational information, but also compliance with accounting principles, directives, policies, procedures, relevant laws and efficiency and effectiveness of resources used.
The directive enforces banks to adopt risk based internal audit methodology “and ensure that its importance is understood throughout the bank.”
It has also impose banks to establish independent internal audit function that is directly responsible to the board on all matters related to the performance of its mandate; with sufficient authority as well as structure and staffing commensurate the size and complexity of the company.
Insurance presidents that Capital spoke to about the issue said that such a directive shall be crucial for banks since insurers are already using the scheme by themselves for the sake of existence in the business and prudent operation.
A senior insurance president who leads one of the oldest private insurance firms said that for the last over two decades the company he leads applied strong internal audit, “I hope other insurance companies have similar procedure since the business and its operation by default demands strong controlling mechanism.”
“We reviewed the draft and submitted our input, while it shall differ on terms or wording of what we are doing now,” another long established and most profitable insurance company president told Capital.
Belay told Capital that the directive will be in effect soon.
Ethiopian Red Cross partners with its International committee to strengthen operation
Ethiopian Red Cross Society /ERCS/ announces that it has supported more than 3 million people in need across the country in the year 2021. In addition, ERCS has also signed an agreement with the International Committee of Red Cross /ICRC/ to strength its operation throughout the country.
During the 2021 calendar year, the ERCS together with its partners provided food and nonfood items, cash transfer, COVID-19 prevention ambulance and first aid and emergency shelter worth more than 585 million birr to more than 3.24 million people in need.
As it has been indicated, ERCS has collaborated with its 54 partners. With regards to the emergency food distribution ERCS has distributed for 324,167 beneficiaries found in 7 regions with a cost of 110 million birr with more than 19 partners participating in the support.
On the other end, the emergency Non-food items distribution was worth more than 319 million birr given to 626,321 beneficiaries in 9 regions, with the support of 13 partners.
An emergency cash distribution of 117.8 million birr was disbursed to 22,253 beneficiaries from 6 regions and with the support of 7 partners. Emergency wash and hygiene with the support of 7 partners benefitted 1,695,542 people across 5 regions through disbursement of 18 million birr. For COVID- 19 prevention 3.2 million birr was allocated benefiting 554,450 people.
During the ceremony held at its head quarter on Tuesday January 11, 2022, Ethiopian Red Cross Society and International Committee of Red Cross penned a 180 million birr operation cooperation agreement with the aim to deliver effective humanitarian response for the people affected by the conflict and violence in the country.
The agreement was signed between general secretary of Ethiopian Red Cross Society, Getachew Ta’a and Nicolas Von Arx, head of the ICRC delegation In Ethiopia.
“The agreement shows the long standing partnership of ERCS and ICRC on emergency response, and development of activities in capacity building and rehabilitation works,” stated Getachew, adding, “the agreement will affirm the intervention of Red cross in place where humanitarian need is high.”
Nicolas Von Arx, head of the ICRC delegation In Ethiopia on his part said the ICRC together with ERCS addressed half million people through nonprofit items and cash distribution in 2021.
“Urgent needs include emergency shelter and essential household items, food, cash, health services, psychological support, water, sanitation, and hygiene materials as well as protection services,” Nicholas explained.
The ongoing conflict in Ethiopia has affected the lives and livelihoods of millions of people. The year-long fighting combined with other existing hazards has resulted in a worrying humanitarian situation. The agreement is expected to stay until 2023.
CBO, Kifiya introduce collateral free digital lending
(CBO) and Kifiya financial technologies pen agreements to start providing finance through a collateral free digital lending system called Michu, which is a first of its kind for the country.
During the ceremony which was held on January 12, 2022 at Hyatt regency hotel in Addis Ababa, the heads of the two companies, Deribie Asfaw, President of Cooperative Bank of Oromia and Munir Duri, CEO of Kifiya Financial Technologies PLC inked the revolutionary deal.
The platform is the first kind of uncollateralized digital product powered by Kifiya’s Qena, an Al-driven digital lending platform.
The partnership allows Coop bank to tap into Kifiya’s digital lending technology and gives Kifiya the ability to leverage Cooperative Bank of Oromia’s distribution and financial capacity. It is said that CBO will offer lending solutions targeting Micro, Small, and medium businesses (MSMEs), providing access to credit, through groundbreaking and cutting-edge credit scoring systems.
Michu’s ease of access enables users to apply for loans and receive decisions based on credit scoring logic. The loan application process from eligibility and verification to analysis, scoring, and loan disbursement gets completed within a few minutes.
The Michu platform will have different offerings for Micro, Small, and Medium Businesses both in the form of loans and overdraft facilities. The Microloan is aimed towards the working capital needs of roadside traders and micro businesses with a maximum loan amount of 30,000 birr and has a repayment period of 1-4 months.
Whereas, SME loans targets traders at small and medium levels with a maximum loan amount of 150,000 ETB and has a repayment period of up to one year. Similarly, SME loans are intended to cover the working capital of SMEs. In addition, Michu also offers a consumer loan targeting employees of various organizations.
The non-collateral digital lending platform is believed to be an attractive loan that makes loan provision process swift and easy to access at anytime and anywhere as the solution is able to determine credit worthiness as well as avail a flexible payment method. Michu digital lending application is launching this month and is expected to increase Coop Bank borrowers’ base by 30% during the pilot period.
Research shows that Ethiopia’s MSME Financing to GDP Ratio was 2% in 2020. This ratio is lower than South Africa’s 14% and Kenya’s 6% in 2020. Ethiopia’s poor ratio is attributed to the crowding-out of credit by the public sector and high requirements for a loan to MSMEs by Micro-Finances and Commercial Banks. Financial institutions place high requirements partly due to a lack of credible credit ratings.


