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Meet the Ethiopian-American Economic Hitman from Wall Street to Poverty Street in the no man’s land

Meet the Ethiopian-American Economic Hitman from Wall Street to Poverty Street in the no man’s land

How a little-known Wall Road sovereign fund supervisor ended up as a CEO of the Ethiopian Agricultural Transformation Agency to offer improvement and transparency an entire totally different which means explains impunity from lawlessness of all concerned.

Teshome Debalke

Might 21, 2019

“It’s a disgrace when nonsense can substitute for details with impunity” –Lawrence M. Krauss

The Middle for Strategic & International Research (CSIS) current conference in Washington DC titled Building a Massive Tent for Agricultural Transformation in Ethiopia organized  specially for Khalid Bomba, CEO  of the Ethiopian Agricultural Transformation Company is a tale-tale sign; trendy African economic hitmen/ladies notably from the diaspora are out within the open to substitute nonsense for reality to redefine economic improvement and checks-and-balance  to preempt any significant reform in the direction of accountable governance.

The whole PR stent of worldwide finance ‘with out borders’ to socialize the dangers on the individuals and privatize the rewards for fairness buyers within the identify of improvement is best descried by Joh  n Perkins, the previous financial hitman and the writer of the Confession of an Financial hitman (2004) and the New Confession of the Financial hitman (2016). He retreated;

“I assumed concerning the core tools we EHMs used in my day: false economics that included distorted financial analyses, inflated projections, and rigged accounting books; secrecy, deception, threats, bribes, and extortion; false guarantees that we never meant to honor; and enslavement by way of debt and worry. These similar instruments are used in the present day. Now, as then, many parts are current in each “hit,” although that possible is clear only to someone prepared to delve deeply into the story behind the story. Now, as then, the glue that holds all of this together is the assumption that any means are justified to realize the desired ends.”

Within the era the place nothing appears to face on the best way of worldwide finances’ maximizing revenue, corrupt depots that mismanaged their nations’ assets not dangerous funding however companions in Public-Personal Partnership (PPP) ‘win-win’ scheme. Thus, watching trendy economic hitmen of Africa tag alongside to do what they know greatest shouldn’t surprise anybody accustomed to 101 improvement finance.

In her August 19, 2016 article titled ‘A strong and corrupt elite is robbing Africa of its riches’ the Government Director of Oxfam Worldwide Winnie Byanyima confirmed the dark aspect of worldwide finances’ collusion with African financial hitmen you find in many staged conferences organized by the standard suspects. She wrote;

“This is incorrect. We must look at the basis causes and do something to weed them out. Because the Panama Papers present, a lot of the tax avoidance or felony movement of finance on the continent is made potential by a system propped up by a variety of banks, regulation companies and different outfits based mostly outdoors of Africa, working in collusion with African financial and political elites. It’s a system designed within the International North that helps Africa’s few rich and highly effective elites to cheat the rest of us.”

Extra alarming is what the famend Physicist and environmental activist Dr Van Dan Shiva of India in an interview reviled on what she refers because the “Poison Cartel” — multinational finance, knowledge, seed, pharma and chemical industries’ ambition to regulate the world assets led by the world renowned knowledge guru Invoice Gates turned philanthropist ‘working in collusion with African financial and political elites’ in  the identify of  curing illnesses and reworking the economies of poor nations.

Bill Gates with a number of conflicts of curiosity towards his own Basis’s said mission brought the ruling get together of Ethiopia infamous Former Well being and Overseas Minister Dr. Tedros Adhanom Gebreyesus within the WHO prime position to assist the sick and the Former Morgen Stanley sovereign fund supervisor Khalid Bambo as CEO of Agriculture Transformation Company of Ethiopia to feed the hungry along a Former senior policy adviser for Mayor Greg Nickels of Seattle, Washington Haddis Taddese as PR man of the Gates Basis African HQ in Ethiopia.

Sarcastically, the CSIS’s convention that featured CEO Bomba was also sponsored by “the beneficiant contribution of the Invoice & Malinda Basis”  —  giving an entire totally different which means for checks-and-balances of power and conflicts of interests in governance and improvement in Africa; not to point out insult the intelligence and underestimation the individuals of Ethiopia and the world at giant in public. Perceive

Once they say ‘what you possibly can’t say owns you. What you cover controls you’ they weren’t joking.  Bomba and his cheerleading panelists along CSIS’ fellows suspending every rule of governance and improvement with PR stunt rapped with massive jargons’ presentation out of worldwide consultancies’ templet appears to be the brand new and improved PR campaign to preempt meaningful reform.

 Among the many panelists introduced as an ‘unbiased advisor’ was an Ethiopian nationwide by a reputation Dr Getachew Diriba. The Former Program Supervisor for CARE Worldwide and a World Meals Program (WFP) worker in several capability turn ‘unbiased advisor’ and writer to validate Bomba’s PR stunt gave an entire totally different which means for unbiased and writer speaks volumes.

But, his one-and-only guide conveniently titled “overcoming Agricultural  and Food Crises in Ethiopia (2018),  in line with the Norwegian Minster of Overseas Affairs  was revealed with  the ‘help of the Norwegian Government and its Ambassador to Ethiopia opening speech within the launching ceremony on 16 Might 2018. The synopsis of the ebook higher mirror weather it is a scholarly analysis or an advertisement booklet. It reads;

“Ethiopia agriculture is an open museum of Neolithic invention; it is neglected of the economic and agriculture revolution for much too long. It’s unsustainable to proceed to anticipate to feed 100 + million Ethiopians with obsolete system of production. The origins of the discontent being displayed in many elements of the country since 2015 might be traced back to the shortage of agriculture know-how, land fragmentation, insufficient property rights, and absence of rural industrialization. The mixture of the out of date system in a single hand, with a rising young inhabitants, sustained decline of agriculture land per capita, unstructured urbanization and absence of industrialization on the other, presents grim prospect for modern Ethiopia state builders”

Sadly, peddling for his new found love for consultancy, the writer not solely missed the forest for the tree to the causes of the issue but, reviled who pays his fees to validate the brand new international funds’ improvement narrative – confirming; ‘whoever pays the piper calls the tune’.

Likewise, Kimberly Flower, the Former USAID employee in Ethiopia turn a ‘Director of Humanitarian   Agenda at CSIS’s International Meals Safety Venture’ in Washington, DC cheerleading Bomba because the saver of Ethiopia ought to remind observers; her Former USAID boss Gayle Smith turn President of One Marketing campaign, a Washington, DC based mostly nonprofit run by the notorious Irish singer Bono that raises fund to help poor Africans and spend money on ‘improvement’ in Africa together with his London based mostly  eight Miles personal fairness fund  Chained by his fellow Irish singer Bob Geldof and managed by nonother than Eleni LLC  Founded and managed by Dr Eleni Gebremedhin that seats on the Board  of Directors of One Marketing campaign on the similar time – redefining the which means of transparency in governance for Africa and reviling; ‘the apples do not fall far from their timber’ when it come to the poverty business of Africa.

At the meantime, Sara Boettger, ‘Senior Adviser for Agriculture Transformation’ at McKinsey & Company, a worldwide management advisor’s enthusiasm for Bambo who claims ATA is working with the world-renowned management consulting companies including, McKinsey & Firm additional confirms; the staged CSIS’ convention was to not inform but to misinform the public from the bare actuality.

It’s fascinating time to watch, how staged conferences for bunch of clowns with empty titles and phrases making something out of nothing in broad mild passes beneath the radar unchallenged by the world Media, concerned civic organizations and the authorities in the ‘Free World’. If anything, it isn’t an excellent sign to bring about accountability and transparency on behalf of the long-suffering individuals ahead of later.

However, noting even come near the infamous Invoice Gates’ impunity to deliver abroad ruling events of  poor nations with multilateral, bilateral, and nonprofit and for-profit enterprises beneath one mission of maximizing profit of worldwide finance in the identify of helping the poor and improvement together with his righthand men Khalid Bomba that satisfaction to be skilled in sovereign fund administration alongside Haddis Tadesse that delight as policy adviser and PR professional before both joined the Gates Foundation. Subsequently, Bomba turned CEO of Gates Foundation funded Ethiopian Authorities Agency ATA and Haddis turned the PR man for the Foundation in Addis Ababa the place the African Union HQ is predicated.

It all started with one untrue assembly between the late ‘beggar’ PM Melse Zenawi and corporate philanthropist Bill Gates instigated by nonother than Dr. Eleni GebreMedhin, the Founder and CEO of the notorious Ethiopian Commodity Change in 2008 funded partly by the Gates Foundation by means of UNDP. The onetime celebrated “Market Maker” that set the stage for the ruling member celebration TPLF capture of the personal sector within the agriculture sector turn overseas personal fairness fund manager at Eleni LLC based mostly in Kenya with preliminary investment of Morgen Stanley and the IFC  and the Founder and CEO of a new venture capital firm Blue Moon Ethiopia based mostly in Addis Ababa with the assistance of European Funding Bank.

Consequently, the Agriculture Transformation Agency (ATA) beneath a worldwide improvement consulting agency Synergos Consulting Service  based mostly in New York  with Bomba as CEO was established in 2010. Ever since, the ruling get together captured personal sector as driver of agriculture transformation on behalf of a the ruling member celebration TPLF hellbent to regulate the means-and-ways of the financial system — production, finance, knowledge,  advertising… to not point out the principles that govern the financial system for the convince of worldwide finance has been the driving pressure.

Welcome to an ethnic apartheid party-captured ‘Developmental State’ of no man’s land of Ethiopia where Public-Personal Partnership (PPP) with overseas personal equity funds led by Morgen Stanly, company philanthropist led by Gates Foundation, bilateral and multilateral donors funding led by USAID, EIB and IFC in partnership with diaspora economic hitmen and ladies colluding with pseudo personal buyers ‘reworking’ poor nations’ financial system like never had been finished earlier than, speak about ‘the bigotry of low expectation’.

The entire PR stunt at CSIS conference raped with numerous economics 101 jargons in a single staged ‘Huge Tent for Agricultural Transformation in Ethiopia by Bomba and his cheerleading panelists tells every thing you should know concerning the present problems and causes of the political, social and economics of Ethiopia.

What just isn’t clear yet is whether or not Bonba’s PR stunt was sanctioned by the new reformist Prime Minster Abiy or just an effort by reneged curiosity teams associated with the previous guard and sponsors to undermine reform.  In that regard, Bomba’s amnesia concerning the late PM Melse that instigated ATA that brought him abroad as CEO and his halfhearted reward for the new PM reform indicates; his boss Gates has little curiosity on reform than what he agreed to accomplish with the late Zenawi to determine ATA  — absolutely understanding; the Zenawi led ruling member TPLF celebration led regime he fell in love with was a menace for governance and economic improvement and remained so for the reform.

“The one factor extra harmful than ignorance is the pretense of intelligent ignorance. The former is teachable; the latter isn’t” wrote the American poet, philosopher and essayist Christopher James Gilbert higher recognized by his pseudonym Criss Jami.

Bomba, his boss and the cheerleading panelists’ at CSIS convention ‘pretense of clever ignorance’ on the fundamentals of governance and financial improvement – (checks-and-balances of power, transparency of public knowledge and the very which means of personal sector itself) speaks quantity to validate; ‘pretense of intelligent ignorance’ is rampant amongst many modern dysfunctional elites and sponsors on the expense reform in the public curiosity.

In terms of checks-and-balances of power, the Agriculture Transformation crusader Bomba pretense of clever ignorance needs no checks nor balances from anyone but his boss –  decreasing it; “our objective is the federal government goal — Improve the livelihood of small farmer,  meals safety at a nationwide degree and agriculture sector as a catalyst for transformation.”

It isn’t clear why Bomba didn’t point out the driving pressure behind his transformation agenda he refers as ‘our objective’ is referring the global improvement consulting firm Synergos Consulting Service funded by corporate foundations.

Relating to public knowledge, the Wall Road sovereign fund finance guru Bomba ‘pretense of intelligent ignorance’ goes so far as eager to have his cake and eat it too — decreasing it as “rather more impactful is the best way we do integration and coordination of the agriculture commercialization cluster”.  Nobody is aware of where on this world integration and coordination of ‘agriculture commercialization’ potential with out open and unbiased knowledge readily available to the producers, the middlemen and the buyer in addition to buyers and the Free Press is the place Bomba and his cheerleading panelists had full amnesia.

The irony of rationing public info for specific cash commodities productions as the means justifies the ends’ on behalf international finance revenue maximization disguised as ‘enhancing the livelihood of small farmers and meals safety at a nationwide degree’ alone qualify as a criminal offense towards humanity let alone a criminal offense of conspiracy of an financial hitman.

More telling was the U.S. Division of State’s Bureau of African Affairs and Workplace of International Partnerships organized  Ethiopia Partnership Discussion board (EPF) in Might 15, 2019 featuring Bomba and recognized and unknow operatives representing the ‘personal sector’ as well as governments and nongovernmental sector if unchecked reveles what path the brand new PM reform may be heading.

The Forum individuals representing PM Abiy’s government listed have been Dr. Arkebe Oqubay, Adviser with the rank of Minster within the Prime Minster Workplace. Fistume Argea, the Ethiopian Ambassador to the United State. Mamo Mehirtu, Senior   Adviser to the Prime Minster and Chief Commerce Negotiator. Dr. Yarid Sied  (Worldwide Progress Middle based mostly in London) and Dr. Nemera Mamo (educating Fellow Queen Mary University London) members of Policy Group in the Workplace of Prime Minster.

Representing the Diaspora in ‘personal sector’ on Telcom, Power and Transportation Tewodros Ashinafi introduced because the Founder and CEO SouthWest Power. On Access to Capital: Financing Progress, Worku Gachou introduced as Managing Director for Africa, OPIC. Helawe Taddese introduced as Director of Research and Analytics, Cepheus and Zafu Eyesuswork Zerfu introduced as Chairman of the Board, United Financial institution and Adviser to the CEO United Insurance SC. On Begin Up: Engine of Progress, Solomon Kassa introduced as TV Character, Producer Host –Tech Speak with Solomon, A Fortune 500 Tech Consult Manger and Writer. Eleni GebreMedhin introduced as CEO, Blue Moon Ethiopia. Kebron Dejen introduced as Founder/CEO Viditur.

Representing non-governmental sector: on Agriculture software Box: Investing in Value Provide Chain, Kalid Bomba, CEO of Agriculture Transformation Agency.

What stood out representing the US and the Ethiopian governments and personal sector tells a narrative of its personal.

Dr. Arkebe Oqubay, introduced as Adviser with the rank of Minster is the Central Committee member the ruling member TPLF social gathering. Fistume Argea introduced because the Ethiopian Ambassador to US is the long-time Ethiopian Investment Commissioner who know the whole lot who is or not allowed to spend money on Ethiopia over a decade.

Mamo Mihertu introduced as Senior   Adviser to the Prime Minster and Chief Commerce Negotiator is a World Bank Operation Officer’ and ‘Program  Manager for Ethiopia Funding Climate Program’ based mostly in Nairobi, in accordance with the World Financial institution.   Mamo’s solely article revealed on the WB blog in 2015 speaks quantity what may be his position as  Senior   Adviser to the Prime Minster and Chief Commerce Negotiator.

Dr. Yarid Sied  and Dr. Nemera Mamo introduced as members of Policy Workforce in the Workplace of Prime Minster are a educating Fellow Queen Mary College London and worker of Worldwide Progress Middle based mostly in London respectively.

Worku Gachou introduced because the Managing Director for Africa, OPIC is a US authorities employee for the Overseas Personal Funding Company (OPIC) responsible to supervise who obtain US authorities funding mortgage and political danger insurance coverage assistant.

Helawe Taddese introduced as Director of Research and Analytics, Cepheus  is representing the Founder and Managing Partners of Cepheus Progress Capital/Fund (2016) Kassie (Kaasahun) Kebede and Berhane Demisse. Kebde can also be the Founder and CEO of Panton Capital based mostly in New York (2004) and Panton Various Fund Ltd (2009) based mostly in Cayman Island that managed almost a billion dollars personal fund of unknown individuals investing in Ethiopia. He’s also a member of Prime Minster Abiy’s Diaspora Belief Fund Advisory Council and the Public Enterprise Privatization Advisory Counsel.  Helawe Taddese has no public profile nor disclosed on the official Gepheus Progress Fund web site.

Solomon Kassa introduced as TV Character, Producer Host — Tech Speak with Solomon of unidentified Media works for Ethiopian Broadcasting Service (Ebs) TV established in Maryland in 2008 by a TPLF operative Amman Fissehazion & Brothers using the Ethiopian Government Broadcasting Company satellite tv for pc service. Solomon Mulugeta Kassa based on his personal profile ‘presently works as a senior know-how advisor at a Fortune 500 International Consulting agency’. It isn’t clear why he did not revile the identify of the Consulting firm he works for.

Dr Eleni Gebremedhin introduced as CEO, Blue Moon Ethiopia is the Founder and Former CEO of the Ethiopian Commodity Trade and Eleni LLC with a number of ventures as talked about above.

Sadly, the record of individuals or any news of the continuing was taken down from the State Department website a day after the event for unknow cause but, a Pdf doc listing members and EPF-Agenda is discovered. The US Embassy in Ethiopia additionally reported on the Forum — reviling extra corporate individuals listed on the original State Department listing.  The Former US Ambassador to Ethiopia Tibor P. Nagy, Jr. (1999-2992) is the present Assistant Secretory of Bureau of African Affairs since July of 2018.

At the meantime, the PR stunt to persuade Ethiopians in the Diaspora is underway in a number of entrance. The  infamous Ethiopian Diaspora Enterprise Forum that was established by two brother operatives by the identify Yohannes Assefa, the current  and Henock Assefa are again with elaborate PR stunt — indicating extra of the same to undermine the continued reform to return. Among the 2018 Diaspora Business Discussion board speakers have been the infamous Zemedenhe Negatu, Former Ernest Younger Ethiopia investment adviser of the ruling get together flip International Chairman of Fairfax Africa, US based mostly personal equity fund investor and Mani Amar, a clandestine TPLF operative that run and managed the Ethiopian Investment Commission website and knowledge from 1991 to 2010 out of New York beneath Ethiomarket.com by means of three successive Commissioners including, Fessume Arega (the last Commissioner and the brand new Ethiopian Ambassador to the US) web site he managed  flip ModernETH information tech investor with no public profile.

When that was not enough, in December 2016 the US Embassy reported AmCham was launched with Daniel Hailu as President on the presence of Embassy Charge D’Affaires   Petter Vrooman and the then Ethiopian Funding Commission Basic Director Fesum Arega ( the present Ethiopian Ambassador to US)  the However, the State Department in January 2009  reported American Chamber of Commerce (AmCham)  Ethiopia established underneath the Former US Ambassador to Ethiopia Donald Yamamoto to “improve the bilateral buying and selling relationship between the 2 nations”  and,  Nazeret Media in its January 12, 2009 report confirmed ‘AmCham launch with its President Getachew Ayele’ in the presence of Ambassador Yamamoto and Ministry of Trade and Business Girma Birru.

Unfortunately, the US Embassy nor the State Department didn’t know AmCham Ethiopia was launched in 2009 in the identical Embassy it was relaunched in 2016 once more.  Nor, the brand new President Daniel Hailu, (the one individual identified on the brand new AmCham Ethiopia official web site says where the previous AmCham gone and who could be the officers of the new AmCham Ethiopia. The one public document discovered on the brand new President is Bloomberg reporting; ‘Daniel Hailu is a CEO of Common Electric Ethiopia since 2016, the same yr the brand new AmCham was launched.

On the meantime, a lady identified as Rebeca Araya is profiled on World Financial Discussion board website because the Basic Manger at AmCham Ethiopia. Nobody knows who may be behind AmCham established in 2009 nor reestablished in 2016. A comparable AmCham Kenya not solely disclose it Founders, the officers and their credential but what they do as chamber of commerce.

Regrettably, individuals who belong in penitentiary or reformatory are free to return on the world stage as personal equity buyers, journalists and improvement specialists, trade reps… to legitimize a corrupt system underneath reform that calls for an entire overhaul and accountability on how the general public affairs is carried out.

They are saying, ‘the place there’s smoke there’s hearth’. On this case, where there’s greenback to be made, there are a pack of economic hitmen and ladies out to get it. With the previous edict of ‘comply with the cash’, there isn’t any have to go for countless search to seek out the supply of the political, social and financial drawback of Ethiopia but to comply with the greenback.

Whether or not Bomba and his cheerleading panelists at CSIS’s conference and members on the  Ethiopia Partnership Forum (EPF) and privately invite Diaspora Business Discussion board as many more earlier than and to return to tell the world; what is sweet for them is sweet for the individuals of Ethiopia  and America shouldn’t shock anyone.  In any case, that is what they do greatest to socialize the danger on the individuals and privatize the reward for themselves and sponsors and, why individual accountability and transparency matter now than ever.

In a nation like Ethiopia the place the government, the ruling get together, the personal and non-governmental sector in addition to the Media are indistinguishable as long as we will keep in mind, Curiosity groups operating their mouth on staged convention and Media is nothing greater than a ‘pretense of intelligence ignorance’ of the very best order.

Once once more, as the vocal animal rights advocate Sir Paul McCartney stated; “if slaughterhouses had glass partitions, everyone can be vegetarian”. In the identical breath, if public houses had glass partitions, every elite can be kosher or go to jail.

The Agriculture Transformation Company CEO Kalid Bomba and associates might rework the income of offshore venture capital by creating a banana republic but, for positive they gained’t rework the financial system nor “improve the livelihood of small farmer,  meals safety at a national degree and agriculture sector as a catalyst for transformation” as Bomba put it they usually realize it.

As absurd as it’s for a self-described Wall Road sovereign fund supervisor to utters empty jargon and for his cheerleading  advisor scribble promotional booklet that belong in the 17th century agriculture revolution for an get together captured ethnic Apartheid Developmental State underneath reform in the 21st century, it is clear they aren’t acquainted with their Miranda Rights  — ‘the best to stay silent. Something you say and do can and can be used towards you in courtroom of regulation’ not to self- incriminate.

Our individuals say; ‘የጎርጊስን ግብር የበላ ያስለፈልፈዋል’. Bomba like lots of his dysfunctional friends utters nonsense as a result of there has by no means been particular person accountability in lawless nation of Ethiopia beneath ‘reform’.

Plato,  the Athenian philosopher, the founding father of Platonist faculty of thought — The Academy, the first establishment of higher learning  in Western world in the early 400 BC wrote; “we will easily forgive a toddler who is afraid of darkish, the actual tragedy of life is when males are afraid of  mild.”

Here we’re within the 21st century, adults with credentials solely from Western institutions of higher studying afraid of light they are hiding in the dead of night to do the bidding of their sponsors towards their own individuals. As tragic as it’s, what Ethiopians do to adults, notably discovered women and men afraid of sunshine is the finally answer for your complete drawback dealing with the individuals of Ethiopia.

As the talk among the many elites on the political, social and financial reform of the 27-year-old ethnic apartheid Developmental State continue, the advice of a younger Indian writer and magician Amit Kalantri — “you’ll have comparatively less problems to unravel, in case you don’t confuse issues with inconvenience” goes a great distance.

The reformist Prime Minster Abiy Ahmed took a quantum leap in the best path to attract the line between lawless ethnic apartheid developmental state led by ruling member get together TPLF elites and the public curiosity led by in style demand for reform however, thus far he came in need of the essential check of the reform – to place a light-weight on the elites he encounters in his reform effort — beginning with members of the Office of the Prime Minster and government businesses and the general public knowledge held hostage  by the ruling celebration.

In need of rationalization, he seems to confuse the issues of Ethiopia with the inconvenience of the ruling elites’ and their sponsors that triggered the issue in the first place. Will probably be indeed another tragedy in the political historical past of Ethiopia if the PM reform fail to tell the distinction between what is sweet for the elites and sponsors isn’t necessarily good for the individuals of Ethiopia as we see them scramble to look ‘holier than the pope’ talking on both aspect of their mouth afraid of sunshine on the expenses of the blood and sweat of the individuals of Ethiopia.

The earlier PM Abiy turns the sunshine on the adults round him, the higher he and the individuals of Ethiopia might be. But, on no account, he ought to insult the intelligence of the individuals of Ethiopia to not know the distinction between who-is-who afraid of light.

That stated, the duty doesn’t rest on the PM alone but on each-and-every elite notably the Media elite that sees, hears or speaks no evil to excuse adults operating in the dead of night afraid of sunshine.

In any case, democratic reform and economic improvement is all about placing mild on adults hiding at the hours of darkness doing nefarious things for power and cash at the bills of the individuals and, it exhibits.

The article is dedicated for the youth of Ethiopia caught up with adults afraid of light talking on each aspect of their mouth to steer them in the dead of night.