http://www.addisfortune.com/index.htm Addisfortune is the Largest English Weekly in Ethiopia. http://blogs.law.harvard.edu/tech/rss Jitbit RSS Feed Creator Mon, 28 Jun 2010 00:00:00 +0300 Inflation and a shortage of hard currency have been the twin problems that beset the economy in the past four years, Sufian Ahmed, minister of Finance and Economic Development, said to MPs on June 3, 2010. Monetary policies implemented by the central bank had managed to keep inflation in check and keep the foreign currency reserve steady at two months, Teklewolde Atnafu, governor of the National Bank of Ethiopia (NBE), told Parliament on June 21. That has come, however, at a cost to commercial banks, whose lending has been capped due to changes made to their reserve requirement ratios and liquidity ratios. However, this decision seems to be working. The inflation rate that ballooned to 64pc in March 2008 came down to 7.4pc in March of this year, the governor’s report shows. http://www.addisfortune.com/addisfortunenews.htmMon, 28 Jun 2010 00:00:00 +0300Zemen Bank with its automated banking system has gone one step further in choosing Oracle’s FLEXCUBE Core Banking, which beat out four international software vendors. Oracle’s proposal for Zemen’s new modules promises to achieve a higher quality of banking service. http://www.addisfortune.com/Shoe Firms Undergo Testing for Big US Deal.htmMon, 28 Jun 2010 00:00:00 +0300Zemen Bank with its automated banking system has gone one step further in choosing Oracle’s FLEXCUBE Core Banking, which beat out four international software vendors. Oracle’s proposal for Zemen’s new modules promises to achieve a higher quality of banking service. http://www.addisfortune.com/Oracle Aids Zemen’s Core Banking.htmMon, 28 Jun 2010 00:00:00 +0300Horticulture growers have long complained about the amount they pay for cargo freight services for their exports and input supplies, like chemicals and fertilisers, as being too costly. Six months ago, horticulture growers met at the conference hall of the Ethiopian Horticulture Development Agency and appointed a steering committee. That led to the establishment of the Ethiopian Horticulture Cooperative (EHC) on May 12, 2010. http://www.addisfortune.com/Co-op Pledges Exporting at Cost.htmMon, 28 Jun 2010 00:00:00 +0300Sunshine Construction inaugurated the 148.2km Nejo-Jarso-Begi gravel road in Western Wollega Zone, Oromiya, on Saturday, June 26, 2010, constructed at a cost of over 200 million Br.http://www.addisfortune.com/Sunshine Inaugurates 148.2km Wollega Road.htmMon, 28 Jun 2010 00:00:00 +0300The Adama (Nazareth) City Administration failed to take stockpiles of cobblestones from suppliers organised by the small and micro enterprises (SMEs) of the city administration because of a lack of budget and an increased supply. http://www.addisfortune.com/Lack of Funds Cobbles Adama Cobblestone Scheme.htmMon, 28 Jun 2010 00:00:00 +0300The budget of the Nile Basin Initiative (NBI) has been proposed to be cut by a quarter, following an underperformance of 41pc on the previous year’s budget of 15.2 million dollars. http://www.addisfortune.com/Committee Proposes Nile Basin Initiative Budget Cut.htmMon, 28 Jun 2010 00:00:00 +0300The Italian School in Addis Abeba is to drop the scientific course it offers high school students due to budget cuts by the Italian Government. http://www.addisfortune.com/Addis Italian School to Drop Science Stream.htmMon, 28 Jun 2010 00:00:00 +0300Farmers and businesses in Ethiopia are now able to borrow money from United Bank SC against agriculture products and goods stored at warehouses of the Ethiopian Commodity Exchange (ECX) through “warehouse receipt financing.” http://www.addisfortune.com/United Bank to Grant Loans Based on Warehoused Produce.htmMon, 28 Jun 2010 00:00:00 +0300The Privatisation and Public Enterprises Supervising Agency (PPESA) settled out of court its 31 million Br claim against Crown Textile Wishing Plc, the company that bought Edget Yarn & Sewing Thread SC. http://www.addisfortune.com/Crown Settles out of Court.htmMon, 28 Jun 2010 00:00:00 +0300Just a few months after news hit the airwaves about the Tigray People’s Liberation Front (TPLF) allegedly mismanaging aid money sent to mitigate the 1985 Ethiopian Famine, another debate about aid and Ethiopia has flared, this time not on the airwaves but on the Internet. .... http://www.addisfortune.com/Intellectuals Ignite Intl Aid Debate on WBs Website.htmMon, 28 Jun 2010 00:00:00 +0300Find out about all the Entertainment news From Addis Fortunehttp://www.addisfortune.com/Fortune_Entertainment_news.htmMon, 28 Jun 2010 00:00:00 +0300All the Brief News Articles from various papershttp://www.addisfortune.com/newsinbrief.htmMon, 28 Jun 2010 00:00:00 +0300Get all the Previous Volums of the News paperhttp://www.addisfortune.com/Addis_ Fortune Archive.htmMon, 28 Jun 2010 00:00:00 +0300