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ERCA to Foreclose Highland Springs |
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Highland Springs, Ethiopia’s first bottled water
company is facing foreclosure under the Ethiopian
Revenue and Customs Authority (ERCA) due to an
excise tax dispute on the order of 30 million Br. |
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ETC, France Telecom Sign Management Contract |
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The management of the state owned Ethiopian
Telecommunications Corporation (ETC) has now
officially been handed over to a foreign firm, 102
years after Emperor Menelik decided that such a
vital communications network ought to be managed by
a native. |
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Addis Trade Bureau to Decide Fate of Inactive Investors |
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The Trade and Industry Development Bureau of the
Addis Abeba City Administration is to meet on March
29, 2010, with investors who have leased land in two
industry zones but shown little progress to the
disappointment of the administration. |
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Longstanding Public Enterprises sold for 323.8m Br |
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Five longstanding public enterprises are to go to
private sector buyers for over 323.8 million Br
after their competitive offers were
approved by the board of the Privatisation and
Public Enterprise Supervisory Agency (PPESA) on
Friday March 19, 2010.
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IMF Recommends Tax Cuts for Ethiopia |
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The International Monetary Fund (IMF) is advising
the Ethiopian Government to exempt the 10pc tax
imposed on dividends and to lift value added tax
(VAT) on Kerosene sales, while strongly recommending
authorities to reduce corporate tax from the current
30pc to 25pc. |
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| Agenda |
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Ever since prices hit 16 Br per kilogramme to 18 Br
per kilogramme in... |
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Editor's Note |
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The electoral campaign appears to be in full
swing, although the ... |
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Economic
Commentary |
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There is a share floating and
buying hysteria in the market now. Over 23 companies are offering the public
shares, promising a fat rate of return on investment. But the devil is in the
details, says Alemseged Assefa, former vice governor of the central bank and now
director general of the Financial Intelligence Center (FIC). Although unable to
understand why every share offered to the public is fixed at a 1,000 Br par
value, he, .. |
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| Opinion |
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Considering the age he said he is at (his 50s), I
find it one of the most civil opinions of his
generation. But for my generation (I am 30 years
old) it is merely an image tarnishing piece that is
driven by the ego that pervasively infiltrated the
minds and souls of that generation. |
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Gossip |
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There is an evident windfall in the Sheikh's camp,
gossip observed. Acquisitions and buyouts of
properties in the capital have become rampant, as
are cases of hyperactivity, launching projects on
the ... |
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"It is
not the law that really governs; it is the government's interpretation of the
law that governs." |
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Hailu Shawel
(Eng.), chairman of the All Ethiopia Unity Party (AEUP), said
this at a digital video conference on Media Coverage of
Elections with Ralph Begliter, director of the Centre for
Political Communication at the University of Delaware, organised
by the US embassy at the embassy's premises on March 22, 2010.
The media should be independent of the government and any
political party, he said. |
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Addis
Abeba's first municipality building was located in the heart
of the city (circa 1920), which was Piassa, it stood next to
the Kevorkoff store. The existing municipality, city hall,
was built in close proximity to the original site. |
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Source:
The City & Its Architectural Heritage, Addis Ababa 1886-1946 |
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The Forum of Federations is an NGO based in Canada and
established 10 years ago. It is supported by nine
governments, including the Ethiopian government as well as
Canada, Mexico, Brazil, Germany,
Find
out More |
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A long time ago, when the Ethiopian Peoples’ Revolutionary
Democratic Front (EPRDF) was still young in its position of
power and fumbling with it, I recall an interview with Meles
Zenawi’s late mother by a journalist.
.....More |
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Dissatisfied with an apparent absence of competition
in the banking industry to the disadvantage of
depositors, the Federal Government is planning to
introduce what experts say could become a nascent
bond market.
.........More |
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View Point |
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The
Global Fund to Fight AIDS, Tuberculosis, and Malaria has
been met with great success. If its model is expanded to
cover other Millennium Development Goals, basic... |
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Life Matters |
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Enough cannot be said
about the fickle nature of human beings and the
almost animal ... |
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View From Arada |
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A funeral
provides a backdrop to look into the life of Ethiopia’s
retirees and senior citizens. |
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