Browsing by Author "Solomon Wolde"

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    Assessment of Corporate Governance Practices in the Ethiopian Insurance Industry (The Case of Selected Four Insurance Companies)
    (Addis Ababa University, 2018-05) Solomon Wolde; Ethiopia Legesse
    It is the separation of ownership and control that produced the concept of corporate governance. Since governance is the centre point for corporate success, it needs the attention of all stakeholders. Unless given a focus it deserves in managing a business, it may result undesirable long term consequences. In the current business set up, Insurance Companies are among the industries that are implementing the concept of corporate governance in the context of Ethiopia. Due to the sensitivity nature of the business and an irreplaceable role these companies play in the macro economy of a given country, poor corporate governance practice may have a macroeconomic impact that could potentially affect the whole economy. As a result, this research paper was prepared with the objective of assessing and understanding the level of corporate governance practice in Insurance Companies in Ethiopia in light of National bank of Ethiopia‟s Directive and OECD principles, so as to improve the understanding of various stakeholders and also to shed light on the adoption of best practices and principles into the country‟s corporate governance system. Major components like board of directors, shareholders, Executive directors, supervisory organ and disclosure, were taken as major assessment concepts. A questionnaire prepared addressing these concepts were distributed and related documents were also reviewed. The data collected were analysed using SPSS application. The results show that, Insurance Companies in Ethiopia are in good corporate governance foundation because of the regulatory organ strict supervision on each and every action of the market. However, some important and critical manifestations of good corporate governance are lacking both from regulatory side and from the Companies side that would promote the practice some steps higher. This will have impact on the existing knowledge of the practice and further policy measures should be updated and enhanced.
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    Effects of a Strategic Anthelmintic Treatment Intervention on Ruminant Fasciolosis in Upper Blue Nile Basin, Northwestern Ethiopia
    (2005-06) Solomon Wolde; Abebe Wosene
    This study was conducted from December 2004 to March 2005 in two selected woredas in northwestern Ethiopia, with the objective of assessing the impact of a strategic treatment intervention on ruminant fasciolosis. The study was conducted using questionnaire survey, cross sectional prevalence study and experimental study involving naturally infected animals with Fasciola spp. and treatment with triclabendazole at a dose rate of 10mg/kg bodyweight orally. A total of 384 cattle from Fogera woreda and 368 sheep from Mecha wereda were involved in cross section prevalence study. 167 animals (80 cattle and 87 sheep) were selected from the study population and grouped into three (group I, one- time treated group, group II two-times treated group and group III, positive control) to serve as experimental animals. Out of the 752 faecal samples collected from cattle and sheep for cross sectional study, 283 (37.6%) were found positive for fasciolosis with a specific prevalence of 37.2% in cattle and 38% in sheep. Analysis of the findings among different age groups indicated the existence of a significant difference in prevalence of fasciolosis both in cattle and sheep (P<0.05). Sheep with poor body condition are more affected with fasciolosis than sheep of good body condition (P<0.05), while no significant difference was noted in cattle. The experimental study in its turn indicated a significant reduction in the prevalence of fasciolosis both in group I and group II animals following the October treatment and the overall prevalence of infection was reduced significantly after the end of the experiment in group II (P<0.05). Statistically, there was a significant difference (P<0.05) in infection rate between the three groups. The results of PCV in sheep showed that group II animals had the highest PCV (36.28±5.54) followed by group I (27.18±4.15) and group III (26.46±3.17). The progress of PCV value in group II was significantly greater (P<0.05) than those of group I and III from December to March. Analysis of live weight change between the three groups of sheep showed significant differences (P<0.05) whereby group II had better weight gain (28.84±4.64) than group III (21.53±6.55) and group I (19.92±4.98). Mean total weight gain per animal after the end of trial for group I, group II and group III was –2.11kg, 5.09kg and -3.11kg, respectively. In cattle, the mean body condition score for group I, group II and group III was 2.29±0.71, 3.7±0.7 and 1.97±0.69 at the end of the trial, respectively. Analysis of variance indicated that there was a significant difference in body condition score (P<0.05) between group II and group III while no difference (P>0.05) was observed between groups I and III at the end of the experimental trial indicating improvement in animals’ body condition in twice treated cattle. At the start of the experiment (October) there were no significant differences in enzyme ix concentration level of aspartate aminotransferase (AST) among the 3 groups of sheep. Thereafter (March), the enzyme level in all experimental groups has increased, however, group III had higher AST values than group II and I indicating the comparatively more liver tissue damage in untreated control groups (P<0.05). This study has found the previously recommended Fasciola control methods and treatment intervention schedules appropriate to the Ethiopian northwestern highland areas. Nonetheless, the study indicated that the time span between the recommended intervention periods appears to be long enough so that fasciolosis buys time to highly prevail in the form of re-infestation in the study areas. Hence, additional treatment intervention in mid-dry season (December-January) has important impact in the reduction of the prevalence of liver fluke in the study areas.