I had asked @EthzemaLeader the following question after his controversial/deliberate remark against #IslamicBanking/#InterestFreeBanking (as it is called here in #Ethiopia). I have today watched another video of him where he tried to "Clarify" but continued to insult us more. 1/n
First of all, he has tried to defend that he is not an #islamophobe by bringing #Muslim audience & that his grandmother was a Muslim. This is the same reply many persons give when they are confronted with their #Islamophobic attitude. #BerhanuNega is no different. #Ethiopia
2/n
After the promoters of #ZamZam initiated the idea to the #NBE a directive was issued in October 1, 2011 to allow conventional banks only to give the service along with their commercial services. The #NBE's decision has saddened many. 2/n
11 Banks has so far started the service in a window model. Currently, these banks combined has mobilized more than 60 Billion Birr in deposits through 5+ million accounts. It is a huge amount compared to the low attention & investment given to #IFB by all stakeholders. 3/n
I was in my father’s birthplace (‘#Al_Ansha Meda’, between ‘#Boru_Meda’ & ‘#Kuta_Ber’, some 20 minutes drive from #Dessie) with my Dad two months ago. There are more than 1,400+ households in the area who have been deprived of electricity. #Wollo#GERD#AccesstoElectricity
I am not sure they will get electricity when #GERD starts. The residents bitterly complain that the current and previous administration deliberately ignored their plea to access road and electricity despite thier interest to co-finance it. #GoodGovernance#InclusiveGrowth
The paradox is that there is electricity across their village near the main road. Besides, there is also a construction (residential houses )near their village & they are frustrated why they were left behind. #GoodGovernance#InclusiveGrowth#Wollo#KutaBer#AlAnshaMeda#BoruMeda
#Muslims r one of the most financially excluded citizens in #Ethiopia & their primarily reason is #Riba. But I wonder how & where the data for such reports are collected? "Financial inclusion in Ethiopia: 10 takeaways from the latest Findex" tinyurl.com/ydhmd738 via @WorldBank
Citizens who identify themselves as #Muslims account for 34% of the #Ethiopia'n population (CSA, 2007). This large segment of the society was demanding Shari'ah Compliant #finance for long time. Banks first responded by introducing 0% interest A/C #financialinclusion@WorldBank
Banks attracted millions of customers and mobilized billions of Birr in deposits. Sadly, customers were unaware that these deposits are not #ShariahCompliant and they were subjected to successive devaluations which has impacted them a lot. #financialinclusion#Ethiopia@WorldBank