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Published On Jan 22, 2012 |
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Goldsmiths Averse to Buy Gold from Central Bank |
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As much alarmed by the absence of goldsmiths buying
gold from the central bank they were at the lack of
enthusiasm to legalise the supply chain, authorities
at the federal bank were challenged last week over
whether their policies on the gold trade are viable. |
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Tax Auth to Survey Capital in Phase II |
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The Ethiopia Revenues & Customs Authority (ERCA) is
to conduct the second phase of a business survey in
the capital to register more taxpayers, sources
disclosed to Fortune. Senior officials from the
Authority are in negotiations... |
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City Trade Bureau to Cut out Cattle Market Fat |
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Breeders and traders of cattle in Addis Abeba will
soon be restricted from trading without licenses
issued from the Addis Abeba Trade & Industry Bureau,
sources disclosed to Fortune. Neither will
butcheries across the ... |
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Capital’s Crowded Transport Office to Devolve to Districts |
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The Addis Abeba Transport Branch Office, located on
Haile Gebrselassie Street, near Megenagna, is to be
dissolved, handing over its authority for the
majority of its activities to the city
administration. |
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Court Rejects Company’s Case for Lack of Legal Personality |
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A defunct private company in the tannery industry
has lost a multimillion Birr claim from the
state-owned Commercial Bank of Ethiopia (CBE) after
its lawyers failed to establish the legal standing
of Shewa Leather & Tannery Plc. |
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| Agenda |
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After two gloomy years of investigation the
committee... |
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Editor's Note |
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It was last weekend that large crowds of
people gathered... |
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Commentary |
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All indications are that the coming year will be an
economically bumpy year for all countries, argues
Nouriel Roubini, professor of economics at New York
University (NYU). |
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| Opinion |
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Gauging priorities has been one of the most
contentious issues in life faced since high school
years. From inception to realisation, individual
priorities remain so controversial that many would
like to speak less about them. |
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"Only
flaunting and shouting exists, but no investment." |
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Girma Seifu, the lone opposition Member of Parliament (MP) and
vice-president of the Unity for Democracy and Justice (UDJ)
Party, claimed this in answer to a question about the differing
views on inflation and economic growth in Ethiopia. Tight credit
availability has discouraged authentic investment so much so
that government officials babble about one single investment for
up to a year, Girma surmised in an interview with Mesenazeria,
an Amharic Weekly, on Tuesday, January 17, 2012. |
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Human beings are uniquely endowed with an ability to look back
and analyse times with a keen interest to learn the results of
their actions and explain why things happened. Sensitivity for
the times and the ability to associate them with major events
that took place in the past is a typical human behaviour.
Read
More |
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The world economy is entering a new phase, in which
achieving global cooperation will become increasingly
difficult. Most developed nations, now burdened by high debt
and low growth and, therefore, preoccupied with domestic
concerns, are no longer able to set global rules and expect
others to fall into line.
Read
More |
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Viewpoint |
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If the world is to succeed in alleviating poverty and providing the
necessary framework for sustainable development on the planet,... |
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The Fine Line |
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Sceptics who still maintain that Meles Zenawi will
possibly continue his residence in Menilek Palace up
in Arat Kilo, after his current ... |
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Out and About |
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Sellers
of sambusas, the deep-fried dough triangles filled
with,... |
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