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Indian Firms Warned over Tendaho Sugar Inaction |
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The two Indian companies that were to construct the
Tendaho Sugar Factory are being threatened by the
government with losing the job if they do not start
the work that is already two years overdue.
The project was enabled by a loan of 640 million
dollars from Exim Bank of India, granted on 1.75pc
interest. Out of this, 400 million dollars was for
the construction of the factory while the remaining
was to be used for the expansion of the Fincha and
Wonji sugar factories.
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Birr Declines Further against Mighty Dollar |
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The value of the Birr against the dollar has become
further devalued by five per cent, after Ethiopia's
macro-economic team chaired by Prime Minister Meles
Zenawi made the decision on Friday, January 30,
2009. |
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GTZ, Israelis to Support Irrigation Dev’t |
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A tripartite financial and technical support
agreement was signed on January 25, 2009, at the
German House located in Kazanchis, Kirkos District,
Addis Abeba, between the Ministry of Agriculture and
Rural Development (MoARD), German Technical
Cooperation (gtz) and the Israeli Center for
International Cooperation regarding the
implementation of irrigation projects in Amhara,
Oromia, Tigray and the Southern Nations,
Nationalities and Peoples regional states. |
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Ministry to Buy Petroleum Transporters at 75
million Br |
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The Ministry of Works and Urban Development (MoWUD)
has ordered 50 trucks from China at a cost of 75
million Br for the state owned Weyra Transport SC
for the transport of petroleum. The money was made
available through a loan agreement between Weyra and
the Commercial Bank of Ethiopia (CBE). |
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| Agenda |
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The customary Ethiopian mourning ritual prohibits
people from listening |
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Editor's Note |
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Last Monday, January 25, 2010, in the early
morning hours, .... |
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Economic
Commentary |
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Ethiopia is one of the
nations which took note of the Copenhagen Accord; it is also a country in
progress to secure advantages in the climate change sector. Its position as a
least developed country (LDC) in the climate negotiations gives it an advantage
depending on what solutions its leaders address the issues with, says
Ambachew F. Admassie, a climate change mitigation market mechanisms,
sustainable development and climate change expert. |
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| Opinion |
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Even though there were nine nationalities aboard the
Boeing 737 jet which burst into flames and crashed
into the sea minutes after taking off in a violent
thunderstorm on the Monday morning of January 25,
2010, the Lebanese, naturally enough, only concerned
themselves with one. |
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Gossip |
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National elections are only four months away from
the electoral showdown. Voter registration appears
to be going well, with the national electoral body
claiming to have registered over 17 million voters
up until last week; they have eight million voters,
to keep in their books in order to match... |
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"remarks;
I do not think that helps anybody." |
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Girma Wake's,
CEO of Ethiopian Airlines, reaction to a statement - last week -
by Lebanon's Transport Minister that pilot error may have downed
the ET409, with the jet having taken "a very strange and fast
turn" seconds before crashing. |
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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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Food
prices are seen in developed nations as a strain on the
purse strings. In developing nations, though, a hike in the
cost of food has very serious drawbacks writes ... |
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Life Matters |
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This week has been a sad one for our nation and many
others across the world. We have had a ... |
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View From Arada |
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It is
amazing that after all these year people bring up the 1973
famine when the subject of Ethiopia... |
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