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Ethiopian Exceeds 2010
Performance Targets |
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Ethiopian Airlines exceeded its “Vision 2010”
targets in all but the number of passengers carried,
CEO Girma Wake told employees at the Addis Abeba
Assembly Hall around Sidest Kilo last Thursday,
March 11, 2010. |
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Chicago IT Company to Commence Call Centre in
City |
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Offshoring 2.0 Technology Services Plc, a local
representative of eVentive LLC, a Chicago based
consulting and outsourcing firm, is to launch a call
centre in Addis Abeba after three weeks, an
investment which required seven million dollars, a
source disclosed anonymously. |
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Tiss Abay Plc Ordered to Pay 6.12m Br to
Abyssinia Bank |
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Tiss Abay Plc was ordered to pay 6.12 million Br to
Abyssinia Bank on March 9, 2010, in a civil suit
related to an overdraft loan of 21.5 million Br.
Tiss Abay is owned by Abebaw Desta and Menweyelet
Atnafu, among the founders of Star Business Group.
The two also own Mina Trading Plc, whose building
was held as collateral in the overdraft loan
contract with Abyssinia.
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Court Awards Langano Bekele Molla Hotel to
CBE |
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The Court of Cassations ruled on March 5, 2010, to
give the Langano Bekele Molla Hotel to the
Commercial Bank of Ethiopia (CBE), ending a long
litigation process between the bank and National
Trading Corporation which delayed the hotel’s
foreclosure since 2001. |
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City Seeks Gov’t to Adopt Public Schools |
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The request was made after the cabinet accepted the
proposal of the city education bureau. Addis Abeba
has a total of 560 kindergartens, 465 elementary
schools and 96 secondary schools. Among these 96
kindergartens, 106 elementary schools, and 14
secondary schools are public, all of which were
confiscated after 1974 following the coming to power
of the Derg regime. |
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| Agenda |
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Addis Abeba’s parks are in peril. From indefinite
closures and lagging ..... |
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Editor's Note |
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To their credit, the two opposition parties
among those bidding for political power, ... |
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Economic
Commentary |
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Over the past 19 years, ever
since Ethiopia's Birr against the dollar was adjusted from 2.07 Br to five Birr,
the national currency has had a slow upward movement. |
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| Opinion |
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Last week’s Fortune reported a story headlined,
“Liberal Democrats Promise Series of Tax Cuts as
Electoral Pledge” (Volume 10, Number 514, March 7,
2010) it was about the Ethiopian Democratic Party’s
(EDP) electoral manifesto that elaborates on its
fiscal plans. |
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Gossip |
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A
few months ahead of the national election in May
2010, the foreign office is seeing some significant
movement (in terms of volume) during the past couple
of days, gossip disclosed. At least 60 midlevel
officers will be dispatched in the second week of
April 2010 to very significant posts such as
Brussels, London and Washington D.C., claims gossip.
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"I am
against Article 39 of the Constitution, which gives nations and nationalities
the right to secede." |
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Seyee Abraha,
former strongman of the Tigray People's Liberation Front (TPLF),
now chief architect of the loose opposition electoral coalition,
Forum for Justice and Democratic Dialogue (a.k.a. Forum) told
supporters at a town hall meeting held on Sunday, March 7, 2010,
in Addis Abeba. He made a U-turn policy move as he was
previously a staunch supporter of this particular provision in
the Constitution during his time as a senior leader of the
ruling Ethiopian Peoples' Revolutionary Democratic Front (EPRDF),
before he separated from the party in early 2000. He admitted
that his previous position was a mistake.
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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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So much has changed over the past five years. I agree with
that, but I did not say it. Bereket Simon, chief of the
Communications Affairs Bureau, and Hailemariam Desalegn, the
government whip, made that point in retort to comments from
Terrence Lyons (PhD), director of the Centre for Global
Studies at George Mason University, who has been following
Ethiopian elections since the beginning.
....More |
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Many veterans of the Revolutionary Democrats, particularly the senior
leaders from the Tigray People’s Liberation Front (TPLF) and Amhara
National Democratic Movement (ANDM), have not been enlisted to run
for either the regional councils or the Federal
Parliament. |
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View Point |
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In a
policy U-turn, the International Monetary Fund has decided
that appropriately designed controls on inflows of capital
into ... |
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Life Matters |
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I
have come up with a plan that I think is going to
solve a little problem... |
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View From Arada |
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The Ring
Road has faced and overcome many challenges on its
journey... |
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