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Voters’
SPIRIT
Nigist Alemu (left) has registered
150 more voters than the 600
projected to be eligible in Bole Lemi area. Farmers such as (from
left) Zenebech Tessema, Tesfaye
Tamiru, and Bekele Jiru were all
registered to vote early during the
start of the registration process.
However, they have as yet to be
enlightened about the agenda of the
candidates for whom they are to vote
into office in their respective
areas. The platform that the
candidates run from as well as
policies of the political parties
remain unknown to these registered
voters.
PLEASE SEE THE FULL STORY |
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Awash Bank Vice President
Sentenced to Six Months |
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Eshetu Fantaye, Vice President of Awash Bank, was
sentenced to six months of imprisonment and a fine
of 4,000 Br on February 3, 2010, for causing the
loss of the life of a pedestrian in a car accident
two years ago on February 6, 2008. |
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Family Flour Factory
Flourishes Twofold |
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Family Flour Factory, which has been operating in
Adama Town with six machines, is doubling its
production with new machinery imported from Bengle,
a Chinese company. |
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Saudi Star to Swallow 100,000sqm of Bishoftu Land |
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Saudi Star Agricultural Development Plc, the newest
food growing company formed by Mohammed Hussein Ali
Al-Amoudi, is to acquire 100,000sqm of land in
Bishoftu (Debre Zeit) this week, its senior official
disclosed. |
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Ethiopia Hotel Entertains
Privatisation Bids from 52m Br to 91m Br |
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Four bidders have offered tenders for the
acquisition of the 47-year old Ethiopia Hotel with a
wide margin of nearly 40 million Br between the
largest and smallest offers. |
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Defendant Charged 500 Br for
Bad Cheques |
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The Federal High Court, Ninth Criminal Bench, fined
Mohammed Kemal 500 Br for negligence related to
issuing cheques with insufficient balances and
closed accounts to another individual, Jemal Omer. |
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Electoral Board Begins Funding Participating Parties |
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There are 79 parties legally registered with the
board, but only 55 have so far announced that they
are fielding candidates for the election. The
Federal Government has allocated seven million Birr
to support the contending parties. |
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Electoral Board to Launch
Website |
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The National Electoral Board of Ethiopia (NEBE) is
to launch its website later in February 2010 as part
of the Public Relations Department’s preparation for
the upcoming elections this May. |
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City to Hire Int’l Firm for GIS Project |
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The Addis Abeba City Administration is preparing to
hire an international company for the supply and
installation of a geographical information system
(GIS) for the management of land. |
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Couple Sentenced with Rigorous Imprisonment for Corruption |
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A husband and wife duo involved in a corruption
scheme involving over half a million Birr were
sentenced to 15 years and five years of rigorous
imprisonment, respectively, on Thursday, February
18, 2010, by the Federal High Court First Instance
Bench; the husband, who used to be an accountant and
acting head of the Finance Department at the Federal
Courts Judgment Execution Department also landed a
20,000 Br fine. |
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ECX Hosts Bid to Associate
African Exchange |
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The Ethiopian Commodity Exchange (ECX) is to host a
consultative meeting of representatives from
different African commodity exchanges on Wednesday,
February 25, 2010, to form the African Commodity
Exchanges Association. |
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Two Vice Presidents Leave the Hive in One Week at NIB |
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Bekele Endalew, who was in charge of international
banking operations, said that he resigned because he
wanted to retire after 50 years in service. However,
he had disagreements with other senior colleagues
regarding the operation of the bank, sources in the
company told Fortune. Tassew Demisse, who was in
charge of human resources and finance, is said to
have resigned because of another business he started
with his wife, according to the same source. |
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Feb 07, 2010 |
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Adama
Gets First Traffic
Lights |
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The installation of the first traffic lights for
Adama (Nazareth) Town at three different locations,
which cost nearly one million Birr, will be competed
and delivered by February 22, 2010, Abdo Mohammed,
head of the Administration and Security Office told
Fortune. |
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Adama Employs 8,810 in Cobblestone Scheme |
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A
total of 30km of sidewalks will be paved using
resources contributed by the public, the
administration, the Urban Development Fund, the
Urban Local Government Development Project (ULGDP)
and the Road Fund during the year. |
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NIB Ogles Construction Fair |
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It would seem as if Nib Insurance SC was the only
insurance firm that recognised the existence of
potential clients in the construction industry. It
was the only company in its sector that attended the
Ethio Built’10, which was the second Addis
International Construction and the first Real Estate
Trade Fair, jointly organised by an Ethiopian and
Ecuadorian companies. |
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