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Tax Auth. Charges Nyala Motors’ 10 for 14m Br
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The Ethiopian Revenues and Customs Authority (ERCA)
prosecutors charged 10 employees of Nyala Motors SC
who were allegedly involved in tax evasion of nearly
14 million Br. |
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Prosecutors to Go After Properties of Ayele,
Kebede |
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Prosecutors of the Ethiopian Revenues and Customs
Authority (ERCA) are to appeal the ruling of the
Federal High Court against prominent businessmen,
Kebede Tesera and Ayele Debela, who were sentenced
to 20 and 22 years of imprisonment, respectively,
and had some of their properties confiscated. |
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Getu Gelete Faces Criminal Charges |
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Getu
Gelete, owner of Getu Commercial Center and former general
manager and shareholder of GetAs International Plc, was
charged with fraud by federal prosecutors on July 23, 2010,
upon a complaint from Helen Anbesso. |
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NBE to
Call Lion’s Shareholders' Meeting |
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National Bank of Ethiopia (NBE) is to call a
shareholders’ meeting of Lion International Bank
(LIB) to elect a new board of directors after NBE
rejected the list of members sent to it for approval
on Wednesday, July 21, 2010, citing many breaches of
law; it ordered the previous board of directors to
resume work until a new board is elected.
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Habesha Looking to Buy State Brewery |
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The newly formed Habesha Breweries SC is to make an
offer for one of the three state owned breweries,
Meta Abo, Harar, or Bedele, that are to be put up
for auction this year by the Privatisation and
Public Enterprises Supervising Agency (PPESA).
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| Agenda |
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Graduation is a time of celebration for both the
graduates and their families, ... |
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Editor's Note |
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Parliament, as the legislative arm, is the
highest branch of government. |
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Commentary |
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Ethiopia
has underperformed in international trade. In order to change its game,
policymakers need to adopt a trade-friendly policy framework, reduce the costs
of doing business across borders, and make it easier to form businesses, argues
Dan Ciuriak, a consulting economist at Canada’s Department of Foreign Affairs
and International Trade. |
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| Opinion |
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For the very first time in history, there were open
political debates between the governing party and
its opposition counterparts, there were peaceful
public rallies with millions of participants staged
in Addis Abeba and major regional cities (both .. |
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THE FINE
LINE |
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Here it goes again; regime change in Somali Regional
State, one of the half dozen over the past decade.
Claiming notoriety for such political turmoil, the
regional state and a few of its peers among
peripheral states in
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"The
only good thing is that there is a Parliament in Ethiopia but it is hard to say
if it is performing its duties.
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Bulcha Demekssa, (MP-OFDM) and a retiring politician, said in
his speech during the fifth special, and last session of
Parliament on July 7, 2010. |
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In his address to this week’s international AIDS Conference
in Vienna, Bill Clinton told some home truths about aid for
HIV: “In too many countries, too much money pays for too
many people to go to too many meetings and get on too many
airplanes to do too much technical assistance.”
More |
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Restaurants generally close early, leaving late-night
party-goers hungry. Yet, despite the absence of fast food
franchises, Addis Abeba boasts some excellent hamburgers
that are available around the clock, writes MIREILLE......
More |
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View Point |
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The end of the Cold War was quite a phenomenon; it
seemed as if the once formidable Eastern Bloc was in
total disarray while the situation unfolded in
favour ... |
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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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What
serious business could old codgers have to compel them to
rise from bed early in the morning, .. |
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