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Busy Market |
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Zewdie
Getaneh is making the rounds of Doro Tera, in
Mercato, buying her holiday roosters. Like many
Ethiopians, Zewdie does all her shopping to liven up
her house and family with the holiday spirit. The
day was rainy and she kept her open umbrella firmly
in hand as she measured up the fowls in her hands
and negotiated the prices. Determined that she would
do all within her means to have an enjoyable New
Year Day, she leaves Mercato with two roosters which
she managed to buy for 140 Br. The task of buying
the sheep would fall to her husband’s lot. The two
animals are important elements of a complete
Ethiopian holiday celebration.
PLEASE SEE THE STORY |
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Girma Keen to See More of Turkish Investment in Ethiopia |
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Ethiopia was the honorary guest of the fair this
year. Apart from cultural shows introducing
Ethiopian culture to an international audience,
Ethiopian fashion designers, coffee exporters, oil
seed and spice exporters, footwear, textile and
tannery exporters are looking for Turkish
counterparts to engage in business deals. Though
Turkish-Ethiopian mutual exports are below 300
million dollars, this grew out of almost nothing at
a rate of 50.3pc increase every year over the last
10 years, Girma said. |
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Business Community Twice Dissatisfied with Customs Authority
Talks |
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The Federal Revenue and Customs Authority (RCuA)
holds a second round of talks with the business
community, although the discussions hardly narrowed
the differences between the two sides nor offered
any desired answers to the business community.
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Tendaho’s Long Awaited Sugar Rush |
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This date had been pushed forward four times because
the Indian company which won the tender for the
project, Overseas Infrastructure Alliance (India)
Pvt. Ltd was unable to start operation after signing
the contract in 2006. The contract stipulated that
construction had to begin within 36 days of the
signing of the contract, but that had failed to
happen for various reasons. |
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Unions to Bid on Fertilizer Provided Solely by Ministry |
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PASDEP, the Plan for Accelerated and Sustained
Development to End Poverty, is a five year plan
ending in 2009/10. It aims to increase the size of
land tilled and improve the technology used in order
to increase the country’s crop production to 38.2m
tns by the end of the 2009/10 fiscal year. |
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New Brands of Cars, New Manufacturer for Holland Car Plc |
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Holland Car Plc unveiled its new models under a
different manufacturer at the Lalibela Hall of
Sheraton Hotel on September 7, 2009, in front of a
gathering of government officials, invited guests
and journalists. |
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Ethiopia’s
Atmosphere for Business Improved, Shows WB 2010 Report
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A new report on ease of doing business around the
world has been published by the World Bank and it
shows that Ethiopia has improved its environment for
doing business with the country moving up nine
places on the index table from position 116 to 107. |
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Ministry to
Sign for 350m dollar Loan from Bank of China for New Road |
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The Ministry of Finance and Economic Development (MoFED)
and Export and Import (EXIM) Bank of China are going
to sign a contract next week for loan for the
construction of the six-lane Addis-Adama road. |
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Italian
Company Disappoints Ethio-Djibouti Officials |
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The rehabilitation of a 114Km segment of the Ethio-Djibouti
railway has been suspended after the Italian company
which had been undertaking the project since 2007
had disappointed the governments of Ethiopia and
Djibouti by asking for more time and money when it
was expected to deliver the project two months ago
in June. |
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Developers
Await Lease Board's Approval for Directive |
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One of these directives concerns the leasing of land
to developers. The Land Administration and Building
Construction License Authority would begin receiving
applications from developers as soon as the
directive was out, said Kasim Fite, acting general
manager. |
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New Warehouses
in Key Cities by ECX |
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Two of these warehouses, in Hawassa and Jimma towns
of the Southern Nations, Nationalities and Peoples (SNNPR)
and the Oromia regional states (respectively), are
scheduled to be opened within the next two weeks.
The inauguration of the warehouse in Hawassa, 273Km
south of Addis Abeba, which has the capacity of
storing 300,000Qtls will be held next Monday,
September 14, 2009. This warehouse will be the
depository for coffee from Yirgacheffe, Sidama,
Dilla and Soddo. The warehouse in Jimma, 346Km west
of Addis, which will hold coffee from Limmu, Tepi
and Bebeka, is expected to be held on September 21,
2009. It will have the capacity to handle 200,000
Qtls of coffee. |
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Council
Empowers Environmental Authority |
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The Environmental Council of high level government
officials, chaired by Addisu Legesse, deputy prime
minister, met last week and decided that investment
projects in 23 different areas could not be
implemented unless they carried out the
Environmental Impact assessment (EIA) first. |
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Transport Bureau's Latest Boon for Oromia's Coded Minibus |
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Owners of the code three vehicles registered in
Oromia, who claim that they are enduring a lot of
traffic fines received the news with glee. These
vehicles are members of 12 associations registered
by Oromia Transport Bureau. |
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