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The Ethiopian Radio and Television Agency (ERTA)
requested an additional budget of 280 million Br
from the Ministry of Finance and Economic
Development (MoFED) for ongoing projects including
the digitisation of television broadcasts. The
budget directorate of the ministry was evaluating
the request and approved 200 million Br late last
week. |
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Leather Fair Draws Int’l Community |
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The three-day long third All African Leather Fair (AALF),
organised by the Ethiopian Leather Industries
Association (ELIA), ended with a note of
satisfaction on Friday, January 22, 2010. Exhibitors
numbered 196 from 42 countries bringing six more
participants from five more countries to the
exhibition at the Millennium Hall, exceeding the
second fair same time last year. |
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MIDROC
Adds Lime, Plastic Bag Businesses |
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The MIDROC group of companies continues to grow as
one more is established, under Derba MIDROC Cement
Factory, within four months of the establishment of
a packaging manufacturing factory and the recently
announced transport company for which 1,000 trucks
have been ordered from Volvo. |
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Trade and Industry Misses Export Targets |
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The Ministry of Trade and Industry (MoTI) is to discuss,
this week, the poor export performance of the past
six months, which is down to 59.6pc of the plan. |
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| Agenda |
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Obliged to wait since the time Arkebe Oqubay was
city mayor of ... |
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Editor's Note |
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Exporting products free of duty is music to
the ears of exporters. But not... |
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Economic
Commentary |
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Policymakers in the federal
government are determined to see a single digit inflation rate in the current
fiscal year, without necessarily slowing down growth in the gross domestic
product (GDP). Analysing recent data from the consumer price index (CPI),
Alemseged Assefa, former vice governor of the National Bank of Ethiopia (NBE),
for 12 years and now director general of the Financial Intelligence Centre,
projects that Ethiopia has ahead of it a year to celebrate and rejoice. The
target of containing inflation to single digits would surely be achieved as
targeted by the government through .... |
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| Opinion |
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The current economic crisis could push 90 million
people more into extreme poverty worldwide by end of
2010. Close to two million children could die in the
next five years if the crisis persists. In
Sub-Saharan Africa, the global economic crisis could
undermine recent progress through declines in
commodity prices, tourism ... |
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Gossip |
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It has been a while, perhaps more than four decades,
since Ethiopians were exposed to news stories
revealing that their leaders take leave from their
busy and stressful business of minding the nation’s
business to ... |
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"I
still have a high regard for Meles. He is very intelligent and adroit. However,
the point is whether he is using his skills in a positive way or not." |
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Negasso Gidada
(PhD), former president of Ethiopia who recently joined an
opposition consortium, the Forum for Justice and Democratic
Dialogue (FJDD), and is currently the head of foreign relations
for Unity for Democracy and Justice (UDJ) with the title of vice
president, said in an interview with the Amharic weekly,
Mesenazerya, on Tuesday, January 19, 2010. Prime Minister
Meles Zenawi can eloquently make speeches, but he should not
disparage and offend others, he said. |
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Running
the printing presses (to print money) is much easier than
politically painful deficit reduction, says Nouriel Roubini,
a professor of Economics at the Stern School of Business at
New York University. In this commentary provided to Fortune
by , Roubin argues that the US dollar runs a great
....PLEASE SEE
ARTICLE |
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The Timket festival was celebrated amid great masses
moving shoulder to shoulder and surging as one.
Their chanting rose, dipped and fell with a unity
and spirit that flowed and ebbed with a life all its
own. Front and centre were the tabots escorted and
.... |
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View Point |
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While the
government has been blamed by some for the ineffectiveness
of associations in Ethiopia, Getachew T. Alemu argues that
main culprit is not the government but ...
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Life Matters |
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I
never pass up the opportunity to complain about the
nightlife in this city, and the resulting .... |
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View From Arada |
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The city
is changing and improving at a faster rate with the arrival
of abundant clean electricity. |
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