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Eder (finance)
Eder or Idir (Amharic: እድር), is a social institution in Ethiopia used for mutual aid and grants cooperative insurance within specific community. It is an association that primarily assists people with self-help activities or infrastructure, and victims with bereavement such as funeral and other security issues in the community. Along with Equb, Edir is the traditional form of social institution in Ethiopia, despite varied by duration of time. Eder is distinguished from Equb that it is long-term association, whereas Equb can be temporary and permanent. Function Eder enables community for mutual aid related to funeral and other community concerns. Eder is distinguished from Equb by duration of time where Eder is long-term association and Equb can be temporary or permanent, depending on the needs of members. Eder is major form of indigenous arrangement utilized mainly for assisting victims in bereavement. These associations also give self-help activities and sometimes provide ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Amharic
Amharic ( or ; (Amharic: ), ', ) is an Ethiopian Semitic language, which is a subgrouping within the Semitic branch of the Afroasiatic languages. It is spoken as a first language by the Amharas, and also serves as a lingua franca for all other populations residing in major cities and towns of Ethiopia. The language serves as the official working language of the Ethiopian federal government, and is also the official or working language of several of Ethiopia's federal regions. It has over 31,800,000 mother-tongue speakers, with more than 25,100,000 second language speakers. Amharic is the most widely spoken language in Ethiopia, and the second most spoken mother-tongue in Ethiopia (after Oromo). Amharic is also the second largest Semitic language in the world (after Arabic). Amharic is written left-to-right using a system that grew out of the Geʽez script. The segmental writing system in which consonant-vowel sequences are written as units is called an ''abugida'' (). Th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Social Institution
Institutions are humanly devised structures of rules and norms that shape and constrain individual behavior. All definitions of institutions generally entail that there is a level of persistence and continuity. Laws, rules, social conventions and norms are all examples of institutions. Institutions vary in their level of formality and informality. Institutions are a principal object of study in social sciences such as political science, anthropology, economics, and sociology (the latter described by Émile Durkheim as the "science of institutions, their genesis and their functioning"). Primary or meta-institutions are institutions such as the family or money that are broad enough to encompass sets of related institutions. Institutions are also a central concern for law, the formal mechanism for political rule-making and enforcement. Historians study and document the founding, growth, decay and development of institutions as part of political, economic and cultural history. Def ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ethiopia
Ethiopia, , om, Itiyoophiyaa, so, Itoobiya, ti, ኢትዮጵያ, Ítiyop'iya, aa, Itiyoppiya officially the Federal Democratic Republic of Ethiopia, is a landlocked country in the Horn of Africa. It shares borders with Eritrea to the north, Djibouti to the northeast, Somalia to the east and northeast, Kenya to the south, South Sudan to the west, and Sudan to the northwest. Ethiopia has a total area of . As of 2022, it is home to around 113.5 million inhabitants, making it the 13th-most populous country in the world and the 2nd-most populous in Africa after Nigeria. The national capital and largest city, Addis Ababa, lies several kilometres west of the East African Rift that splits the country into the African and Somali tectonic plates. Anatomically modern humans emerged from modern-day Ethiopia and set out to the Near East and elsewhere in the Middle Paleolithic period. Southwestern Ethiopia has been proposed as a possible homeland of the Afroasiatic la ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Insurance
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an insurer, insurance company, insurance carrier, or underwriter. A person or entity who buys insurance is known as a policyholder, while a person or entity covered under the policy is called an insured. The insurance transaction involves the policyholder assuming a guaranteed, known, and relatively small loss in the form of a payment to the insurer (a premium) in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms. Furthermore, it usually involves something in which the insured has an insurable interest established by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Equb
Equb or Iqub ( Amharic: እቁብ) is an association of people in Ethiopian culture with the aim of mobilizing resources, especially finance, and distributing them on a rotating basis. It is distinguished from Eder by duration of time; Equb is temporary or permanent, while Eder is long-term association. Like Eder, Equb is a cooperative social institution, which helps for funeral insurance where community members elect their leaders, contribute resources either in kind or in cash In economics, cash is money in the physical form of currency, such as banknotes and coins. In bookkeeping and financial accounting, cash is current assets comprising currency or currency equivalents that can be accessed immediately or near-im ... and support the mourning member. In Konso community, Equb dominates other financial establishments of micro and small enterprises, expansion and their working capital finance, followed by personal saving, families and relatives. References {{Reflist B ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Addis Ababa
Addis Ababa (; am, አዲስ አበባ, , new flower ; also known as , lit. "natural spring" in Oromo), is the capital and largest city of Ethiopia. It is also served as major administrative center of the Oromia Region. In the 2007 census, the city's population was estimated to be 2,739,551 inhabitants. Addis Ababa is a highly developed and important cultural, artistic, financial and administrative centre of Ethiopia. Addis Ababa was portrayed in the 15th century as a fortified location called "Barara" that housed the emperors of Ethiopia at the time. Prior to Emperor Dawit II, Barara was completely destroyed during the Ethiopian–Adal War and Oromo expansions. The founding history of Addis Ababa dates back in late 19th-century by Menelik II, Negus of Shewa, in 1886 after finding Mount Entoto unpleasant two years prior. At the time, the city was a resort town; its large mineral spring abundance attracted nobilities of the empire, led them to establish permanent settl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banking In Ethiopia
The banking sector of Ethiopia composed of the central bank, the National Bank of Ethiopia (NBE), which is state owned and sixteen private banks. By 2020, the NBE planned to increase the minimum capital for banks to operate to 2 billion birr ($90 million) and instructed all commercial banks to increase their capital. Foreign banks did not allow to provide service in Ethiopia, instead use medium term as the government of Prime Minister Abiy Ahmed pursues wide economic reforms. Currently, Ethiopia has allowed foreign banks to provide liaison service for their country of origins; Chinese, German, Kenyan, Turkish and South African banks opened their respective liaison banks in Addis Ababa. History Ethiopian Empire Modern banking institution in Ethiopia was first introduced by the reign of Emperor Menelik II in 1905, where the Bank of Abyssinia was formed by concession between British representative of the National Bank of Egypt. Since its formal establishment on 16 February 1906, i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Social Institutions
Institutions are humanly devised structures of rules and norms that shape and constrain individual behavior. All definitions of institutions generally entail that there is a level of persistence and continuity. Laws, rules, social conventions and norms are all examples of institutions. Institutions vary in their level of formality and informality. Institutions are a principal object of study in social sciences such as political science, anthropology, economics, and sociology (the latter described by Émile Durkheim as the "science of institutions, their genesis and their functioning"). Primary or meta-institutions are institutions such as the family or money that are broad enough to encompass sets of related institutions. Institutions are also a central concern for law, the formal mechanism for political rule-making and enforcement. Historians study and document the founding, growth, decay and development of institutions as part of political, economic and cultural history. Def ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
