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Africa

Hardcore economists believe the mystique power of the ‘invisible hand’ in the market, first conceived by Adam Smith, essentially creates a self-equilibrating market. But our columnist Taye Negussie (PhD) argues such characterization of the market, particularly when it comes to utilization and preservation of natural resources, misses the subtlety of the actual market exchange processes  

  A late August negotiations in Addis Ababa between the Somali government and representatives of the Jubaland administration have given birth to the creation of an ‘Interim Juba Administration’ in Southern Somalia to be led by Sheikh Ahmed Mohamed Islam, a.k.a Sheikh Madobe, who was once a senior member of the Union of Islamic Courts and who spent time in Ethiopian prison. A recent report by the UN called him a “spoiler”, and some within the Somali federal government allege a possible resurgent of a relationship between al-Shabab and  Sheikh Madobe, our editor-in-chief  Tsedale Lemma says that poses a greater security threat to Ethiopia