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Coffee, Khat Biggest Forex Earners |
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Coffee and khat exports earned Ethiopia close to 737
million dollars, which was 36.9pc of the total
foreign exchange of two billion dollars that the
country earned in the 2009/10 fiscal year with
36.5pc, 729.1 million dollars, coming from China. |
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Tena Kebede Out of Prison |
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Tena Kebede, owner and CEO of TK International Plc,
and three others were released from jail on
suspension, a month after the Federal High Court
sentenced each of the defendants to two years of
imprisonment, following the ruling of the Federal
Supreme Court on July 29, 2010. |
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Court Adjourns Getu’s Case |
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The Bole Branch of the Federal High Court adjourned the case
of Getu Gelete, owner of Getu Commercial Center and
shareholder of GetAs International Plc, who has been charged
with fraudulent misappropriation by federal prosecutors, to
August 5, 2010. |
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Abay to
Start Insuring at End of Month |
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Abay Insurance SC officially received permission
from the National Bank of Ethiopia (NBE) to join the
insurance industry and is to become fully
operational by the end of August 2010. |
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Court
Grants Nyala Motors’ Defendants Bail |
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The court granted defendants the right to bail in
the Nyala Motors case, despite objections from
Ethiopian Revenues and Customs Authority (ERCA)
prosecutors, on Friday, July 30, 2010. |
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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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Business is often said to be a dog-eat-dog
world where the slightest effort... |
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Commentary |
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Value-added tax (VAT) was a source of passionate debate and controversy in the
last multiparty Ethiopian Parliament. It was first brought to the public’s
attention with questions tabled to Parliament and subsequent publications of the
manifesto of the Ethiopian Democratic Party (EDP). |
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| Opinion |
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Banks have been at the heart of all economic
activities for many centuries. In Ethiopia they have
increasingly played a vital role in the economic and
social wellbeing of the people since the 19th
century. |
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Gossip |
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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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Read More |
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"Ethiopia’s
debt is [more like] the annual budget of a single football player." |
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Asfaw Dingamo, minister of Water Resources, describes the debt
of Ethiopia in response to claims that Ethiopia is getting
deeper and deeper into debt. He also compared the country’s debt
with that of the US and Japan. It is not about incurring debt
but identifying the problems the government is having, said
Asfaw in an interview with the Amharic daily, Addis Zemen,
published on July 27, 2010. |
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Officials and activists at the recent World AIDS Conference
in Vienna, Austria, demanded a tax on financial transactions
to fund HIV/AIDS relief in poor countries. HIV/AIDS is
terrible, and so is poverty, but this is a bad idea. More |
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Weather forecasts are pretty accurate and useful to prevent
loss and damage resulting from unexpected weather. While
Addis Abeba is experiencing a colder than normal rainy
season, it should not be attributed to .......
More |
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View Point |
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This newspaper ran a news story, two
weeks ago, on the fraudulent act allegedly committed
by Askallukan Trading Plc, headlined “A Cry for
Justice” (Volume 11, Number 533,. |
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The Fine Line |
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Those in the security details of Yoweri Museveni
and Muammar Abu Minyar al-Gaddafi, a.k.a. Colonel Gaddafi, might
have each tested the other’s muscles outside... |
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View From Arada |
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In a recent article, this writer bemoaned the
plight suffered by the homeless. The article mentioned ... |
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