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Swiss Vendor Bags CBE’s 70m Br IT Contract |
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The long overdue IT procurement by the largest and
oldest bank in the country, the Commercial Bank of
Ethiopia (CBE), was signed and sealed two weeks ago
by an international technology vendor based in
Switzerland, Temenos Group AG. |
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Bank’s Record Profits to Profit Customers
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Zemen Bank has become the first commercial bank to
offer depositors 0.5 percentage points more on
savings than the four percent imposed by the central
bank, which other banks continue to pay. |
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Hotel Upgrade Delay Leads to Lawsuit |
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The
Privatisation and Public Enterprises Supervising Agency (PPESA)
filed a 695,000 Br claim against United Africa Group Plc (UAG)
for failing to upgrade the Hawassa Wabi Shebelle Hotel,
located near Lake Hawassa, to a three star hotel as agreed
when it sold the hotel to UAG in May 2005. |
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Chinese National Gets Three Years for
Smuggling |
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The Federal High Court upheld the decision of the
lower court against Xie Mengnan, a Chinese national,
who was sentenced to serve three years of
imprisonment after he was found guilty of attempting
to smuggle 40,000 dollars to Khartoum, Sudan.
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WTO Centre to Boost Exports |
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A reference centre is to be established for the
private sector to study international trade in order
to better benefit from Ethiopia’s planned joining of
the World Trade Organisation (WTO). |
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| Agenda |
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Since the Ethiopian
Revenues and Customs Authority (ERCA) started... |
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Editor's Note |
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There are those who say democracy is not
just about elections but .. |
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Economic
Commentary |
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Microfinance institutions were created to help the poor and ultra poor lift
themselves out of poverty, but they have become part of a thriving industry in
Ethiopia as well as all over the world. Despite accusations against them
allegedly taking advantage of the poor, they are beneficial in their own right,
argues Wondwossen W. Mebrat, .. |
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| Opinion |
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The prices of many
staple foods increased dramatically during 2007/08,
creating a food crisis for many poor and developing
countries. International prices of maize, rice, and
wheat, for example, reached their highest levels in
30 years, causing political and economic instability
and leading to food riots in many countries. |
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Gossip |
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There is so much discontent within the business community. It is
largely as a result of what many consider harassment
by tax authorities.
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"Our
decision not to participate in the elections shows how much we understood the
democratic process [in Ethiopia]." |
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MP Ali Abegaz said this during the 36th parliamentary session in
the three minutes he was given to speak on the proposed budget
for the next fiscal year, on Thursday, July 1, 2010. |
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Just 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.
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More |
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Interview-Digging Deep into Land Issues with Addis Abeba’s
General
Manager |
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A critical report on land use and transfer was released on
June 14, 2010 by the special taskforce for the Addis Abeba
City Administration. ZEKARIAS HADDUSH, FORTUNE STAFF WRITER
spoke with Mekuria Haile, general manager of the Addis Abeba
City Administration, and asked how the administration
planned to solve the problems and challenges outlined in the
report......
More |
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View Point |
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In hosting the 2010 Group of Eight (G-8) summit of
major economies (Canada, France, Germany, Italy,
Japan, Russia, the United Kingdom, and the United
States)... |
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Life Matters |
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It would be foolish to
pass up yet another opportunity this year to write
about the contemporary history .... |
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View From Arada |
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While
working on last week’s article about film going youngsters,
almost all the teenagers ... |
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