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Addis chamber opens int’l exhibition to connect domestic producers with foreign markets

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Centered on the theme of ‘Enhanced Export for Sustainable Development’, the 25th edition of International Trade Fair organized by Addis Ababa Chamber of Commerce and Sectoral Association has successfully been kicked off with more than 75 domestic and foreign companies present at the fair.
Endalew Mekonnen, State Minister for Trade and Regional Integration, opened the trade fair on February 23 alongside Mesenbet Shenkute, President of the City Chamber.

(Photo: Anteneh Aklilu)

The fair is stated as a potential opportunity in promoting products and services and in creating market linkages with international input suppliers and buyers.
The State Minister at the launch said, “Enhancing local industries is a priority to boost the export trade. The government understands this, and is thus striving to create conducive policy and infrastructure environment which is crucial to expand trade and investment. The ministry also acknowledges the role of the city in terms of providing possible policy inputs that would help to see the required economic development in the country.”
The trade fair will run for five days at the Addis Ababa Exhibition Centre.

How to Choose Stocks for Day Trading

 

By utilizing intraday market volatility and trends, day trading techniques allow traders to buy and sell multiple times within a single day to capitalize on gains. Day traders typically trade stocks, but they may also trade futures, options, foreign exchange, or other financial instruments.

With the addition of online brokerages, intraday trading has become much more accessible to individuals all over the world. You can now trade remotely after choosing one of the best trading platforms with just a few resources and tools at your disposal. Trading during the day, however, is an investment strategy with incredibly high risk. Managing such a venture wisely and efficiently requires tremendous focus, intelligence, skill set, and perseverance.

Tips to Choose Stocks

Before you begin day trading, it’s important to identify the stocks that are of interest and then concentrate on those.

Consider Your Own Position

You should first decide what type of stocks you’re interested in and how much risk you can handle. This will mainly depend on your budget and the amount of capital that you have available to trade with. It’s also essential to be aware of the personal biases you may have towards certain stocks or sectors. Knowing your own attitudes and beliefs can help you make the best decisions when it comes to investing.

Once you’ve decided what type of stocks you’d like to invest in, start doing your research. Look into the performance and past returns of stocks that fit your criteria, then consider their current price and whether they are likely to grow or decline in value over time. Determine how much to invest in each stock and when you’ll buy or sell them. You can also look into online resources like stock market analysis tools, or take advantage of the help offered by financial advisors if you have any questions.

Analyze Market Trends

Monitor the stock market trends, research news stories, and watch for any external forces that could affect the price of the stocks you’ve chosen. Pay attention to corporate announcements and keep track of what other investors are doing. You can also use charting tools to visually analyze the market and make better decisions regarding your investments.

Keep in mind that investing can be a long-term process, so you may need to adjust your strategy and diversify your investments over time. Don’t forget to review your investments regularly and make sure they are still aligned with your goals. With the right information and preparation, you can become an informed investor and put yourself on the path to achieving financial success.

Monitor Your Investments

Keep a close eye on how your investments are performing over time and be prepared to adjust your strategy if necessary. Don’t be afraid to take risks, but make sure that you are well-versed in the market and know when it is time to sell or buy.

Make sure that you are diversifying your portfolio with multiple stocks and not putting all of your eggs in one basket. Also, have an exit plan so that if things begin to go downhill, you can exit the market quickly before your losses become too severe. Learning how to manage your investments is essential and can help you achieve your financial goals.

Finally, remember that the stock market can be volatile, so it’s important to stay informed about the latest news and trends. Monitor economic indicators such as interest rates, employment figures, and inflation to get a sense of where the market is headed in the near future.

Analyzing chart patterns can also help you make informed decisions about when to buy and sell particular stocks. Having the right information at your fingertips can be invaluable in helping to maximize your returns while minimizing risk.

In Conclusion

Whether you’re a beginner or a seasoned investor, day trading can be an exciting and potentially profitable venture for those who are willing to take risks and put in the time to learn about the stock market. However, it’s critical to remember that no matter how well you study the market and make decisions, there is still a degree of risk involved with investing in stocks. There is no guarantee of a stable, positive return on any stock purchase.

Be sure to diversify your portfolio, and research thoroughly before investing your hard-earned money into the stock market. With thoughtful planning and wise investments, it’s possible to achieve sustained financial success in the stock market.

Lidya Gebreyesus

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Name: Lidya Gebreyesus

Education: Bachelor in Computer Science

Company name: Dairy Products

Title: Owner

Founded in: 2022

What it do: Sell dairy products

Hq: Dukem area

Number of Employees: 4

Startup capital: 400,000 birr

Current Capital: Growing

Reason for starting the Business: To achieve financial independence

Biggest perk of ownership: Independence

Biggest strength: Hardworking

Biggest challenge: Place of work

Plan: Develop a strategic plan to expand my business

First career: Human Resources

Most interested in meeting: No one

Most admired person: My Mother

Stress reducer: Meditate

Favorite past time: Time with family and friends

Favorite book: Bible

Favorite destination: Norway

Favorite automobile: Range Rover Velar

Liquid and digital capitalism

More than 130 years after Karl Marx’s death and 150 years after the publication of his “opus magnum” – Capital:Critique of Political Economy, capitalism keeps being haunted by periodic crisis. The most recent capitalist crisis has brought back attention to Marx’s works.
Christian Fuchs of University of Westminister and Vincent Mosco of Queen’s University edited the works of 16 contributors in a book entitled “Marx in the Age of Digital Capitalism” in 2016. The book shows how Marx’s analysis of capitalism, the commodity, class, labour, work, exploitation, surplus-value, dialectics, crisis, ideology, class struggles, and communism, help the people to understand the Internet and the social media in the 21st century digital capitalism.
Zygmunt Bauman was a Polish-born sociologist and one of the world’s eminent social theorists. Born in Poland, he escaped to the Soviet Union when the Nazis invaded, then returned to Poland after WWII as a committed Communist and lecturer at the University of Warsaw. In 1968, he was kicked out of Poland for being too critical of the country’s Communist regime and moved to the UK. He spent the rest of his career and life in Leeds until he died just a year ago. His big ideas which focus on questions of modernity, consumerism and globalization reflect decades lived on both sides of the 20th century’s ideological divide.
As a sociologist, Zygmunt passionately believed that, by asking questions about our own society, we become more free. “An autonomous society, a truly democratic society,” he wrote, “is a society which questions everything that is pre-given and by the same token liberates the creation of new meanings. In such a society, all individuals are free to create for their lives the meanings they will and can.”
On the flip side, he states that society is ill if it stops questioning itself. According to him, we become enslaved to the narratives being manufactured all around us, and we lose touch with our own subjective experiences. Questioning our own society is hard work. Bauman stated that “we need to pierce the walls of the obvious and self-evident, of the prevailing ideas of the day whose commonality is mistaken for proof that they make sense.”
Given that last week was the annual World Economic Forum in Davos, Switzerland, probably, now is a good moment for all of us to ask some tough questions of the world’s economic modernity. Zygmunt wrote that “in the fluid stage of modernity the settled majority is ruled by the nomadic and extraterritorial elite.” His reasoning is this: In a solid world, the power of capital over labor was demonstrated by the ability to fix in place, to control. In the solid factories of Henry Ford, power was wielded by bolting human labor to machines on an assembly line.
But that power came with some responsibility, too. In the world of factories, human labor came with a human body. “One could employ human labor only together with the rest of the labourers’ bodies. That requirement brought capital and labor face-to-face in the factory and kept them, for better or worse, in each other’s company.” Factory owners had to supply some light, some food, some safety at least.
That’s no longer the case. In the current global liquid and digital economy, labor no longer ties down capital. While labor still depends on capital to supply the tools to be productive, capital itself is now weightless, free of spatial confinement. Now, the power of capital is to escape, to avoid and evade, to reject territorial confinement, to reject the inconvenience and responsibility of building and maintaining a labor force.
Bauman’s view of today’s liquid economy is this: “Brief contracts replace lasting engagements. One does not plant a citrus-tree grove to squeeze a lemon.” In liquid modernity, capital travels hopefully with carry-on luggage only. It counts on brief profitable adventures and is confident that there will be no shortage of them. Labor itself is now dividing into those who can do the same, and those who cannot.
According to Bauman, this has become the principal factor of present-day inequality. The game of domination in the era of liquid modernity is not played between the bigger and the smaller, but between the quicker and the slower. People who move and act faster are now the people who rule. It is the people who cannot move as quickly, and especially, those who cannot leave their place at all, who are ruled. Some of the world’s residents are on the move; for the rest it is the world itself that refuses to stand still. Where once we valued durability, now we value flexibility. Because that which cannot easily bend will instead snap.
As Zygmunt Bauman put it, “living under liquid modern conditions can be compared to walking in a minefield. Everyone knows an explosion might happen at any moment and in any place, but no one knows when the moment will come and where the place will be.” Under conditions of “liquidity,” everything can happen, yet nothing can be done with confidence and certainty.
That’s because “we presently find ourselves in a time of ‘interregnum’, when the old ways of doing things no longer work, the old learned or inherited modes of life are no longer suitable for the current human condition, but when the new ways of tackling the challenges and new modes of life better suited to the new conditions have not as yet been invented.” But people are working on it.