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Ethiopia Put on Financial Blacklist |
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The Financial Action Task Force (FATF) has put
Ethiopia and seven other countries on its blacklist
in relation to money laundering and terrorist
financing, posing risks to the International
Financial System. |
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ICT Park to be Built with 5b Br |
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The Council of Ministers decided on March 5, 2010,
to establish the Information and Communication
Technology Park Corporation with a capital of five
billion Birr. |
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Addis Chamber to Found Africa Trade Centre SC |
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The Addis Abeba Chamber of Commerce and Sectoral
Association (AACCSA) is working on setting up a
share company to build a trade centre which will be
called the Addis Africa International Trade Centre (AAITC),
according to its officials. |
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PPESA May Reject Saudi Star’s Bid for Farm
Machinery Firm |
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The Privatisation and Public Enterprises Supervising
Agency (PPESA) may reject the offer of 171 million
Br made to it by Saudi Star Agricultural Development
Plc for the acquisition of Agricultural
Mechanisation and Technical Service (AMTS) SC,
although it is the only bidder for it, an official
at the agency told Fortune. |
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MoWUD Projects to Raise Creditworthiness of 20 Towns |
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The government is planning to use a three billion
Birr project being undertaken in 20 towns across the
country to build their creditworthiness so they can
borrow from the Commercial Bank of Ethiopia (CBE) by
issuing bonds. |
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| Agenda |
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Half way through lent, or hudade, also known as abiy
tsom (major fast), ... |
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Editor's Note |
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Hardly anyone seems to have as much clout in
commanding the ... |
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Economic
Commentary |
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Subscribers to broadband
services of the Ethiopian Telecommunications Corporation (ETC) may feel that
they could have 20 times more speed than the dialup connection. However, a
random check by Tesfaye Kidan, tesfayekidan@gmail.com, revealed that the speed
could go as low as 60kB per second, which is only a little faster than the
cheapest dial-up connection. This deprivation of efficient and reliable service
by a state monopoly touches upon a crucial issue where the country is left out
of the information technology revolution, and robbed off its global
competitiveness, argues Tesfaye. |
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| Opinion |
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A
wave of fiscal austerity is rushing over Europe and
the United States. The magnitude of budget deficits
– like the magnitude of the downturn – has taken
many by surprise. But despite protests by
yesterday’s proponents of deregulation, who would
like the government to remain passive, most
economists believe that government spending has made
a difference, helping to avert another Great
Depression. |
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Gossip |
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If there is any political leader who is party to the
signatories of the recent code of conduct and who
suffered bruises from dissent within his own rank
and file, it could only be Hailu Shawel (Eng),
leader of the All Ethiopian Unity Organisation (AEUO). |
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"Where
there is a process of exercising veto power, no one could weigh his ideology
against the other." |
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Hailu Shawel
(Eng), chairman of the All Ethiopia Unity Organisation (AEUO),
told the Amharic weekly newspaper, Negadras, on March 5, 2010.
This excerpt was extracted from the newspaper in which AEUO
accused the incumbent of 30 different issues, of which 27 of
them were deemed baseless by the incumbent. |
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Only three bodies among the eight flight crews, one of whom
has not so far been named, who were aboard ET409
which crashed immediately after taking off on
its fatal flight from Beirut to Addis Abeba were
delivered Sunday, ......More |
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At last, the National Electoral Board of Ethiopia (NEBE)
officially ended the registration of parties running
in the May 2010 election on February 22, 2010. The
registration of voters ended the same day.
Find
out More |
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The military junta, which toppled the monarchy and
put in place a shaky government that gained a
semblance of stability after a lot of bloodshed, was
only months old when a group of irate young students
quit college to start a war that would take 17
years. The name they chose for their movement told
their mission – liberating Tigray from whatever it
was the founders had in mind.
....More |
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Voters’ registration for the forthcoming national
election will come to an end today, February 21,
2010, after national electoral officials postponed
the deadline twice from its original schedule. Yet
the latest data from the authorities revealed that
2.1 million more ........More |
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View Point |
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Ethiopia's workplace faces many challenges, some of which
arise from issues ranging from the serious to the mundane.
Aida Asseged, a teacher and copyeditor, maintains that .. |
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Life Matters |
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I
firmly believe that people or things do not
fundamentally change. I do believe there is room .. |
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View From Arada |
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In its
effort to recognise writers before they pass away, members
of the Ethiopian Women ... |
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