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Nat’l
Bank Sets Deadline for Share Phase Out |
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The National Bank of Ethiopia (NBE) ordered
commercial banks to implement a new directive that
sets a timeframe for shareholders to reduce or
relinquish shares they hold in excess of five per
cent in a bank, within three years. |
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City Reclaims Over 1m sqm Plots from 34 Developers |
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Land allocation authorities at the Addis
Abeba City Administration have launched a
campaign to reclaim several plots across the
city from developers who have failed to
start projects according to the lease deal,
Fortune learned.
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US Citizen Gets 14 Months for Attempted
Smuggling |
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The Federal High Court sentenced a United
States (US) national to 14 months in prison
for attempting to smuggle 100,000 Br in
local currency out of the country, affirming
the decision of the lower court. |
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Gebrekidan’s Sentencing Severity Falls
between Ayele’s and Kebede’s |
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Gebrekidan Beyene, a.k.a. Morocco, was sentenced to
21 years of imprisonment and fined 211,200 Br for
tax evasion, illegal banking, and money laundering
on August 20, 2010; prosecutors of Ethiopian
Revenues and Customs Authority (ERCA) say they will
appeal. |
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Private Sector Contends Requirements of Bill on Multimodal
Transport Operators |
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The stakeholders debate on the draft bill for the
licensing of multimodal transport operators (MTOs)
on August 17, 2010, was dominated by differences of
opinion on the capital requirement and the
preservation of the business for local business
people. |
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| Agenda |
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For the last few months, Internet connectitiy has been very poor. |
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Read More |
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Editor's Note |
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The world is in the Information Age where
the Internet... |
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Read More |
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Commentary |
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In their
fight against corruption, government policymakers employed writing laws, the
establishment of the Federal Ethics and Anti-corruption Commission (FEACC), a
mass awareness campaign, and the registration of assets held by officials.
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Read More |
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| Opinion |
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In recent years the country emerged from mono and
state owned banks to experience the opening and
expansion of many private banks, one after the
other, totalling around 15 today. Credit should be
given to the bold pro-business and market
... |
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Read More |
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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
... |
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Read More |
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"It
is amply clear by now that the extreme radical ideology that informed opposition
politics in the 60s or the moribund politics of the imperial era cannot provide
for a hopeful future.
" |
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The self exiled Birhanu Nega (PhD), a former
member of Coalition for Unity and Democracy (CUD), said in a
paper, “Identity politics and the struggle for liberty and
democracy in Ethiopia,” which he presented at the 24th annual
conference of the Oromo Studies Association (OSA) at Howard
University in Washington DC, from July 31 to August 1, 2010.
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Despite all the cable laying going on around
the capital, connection speeds for many uses remain far from
satisfactory, especially in certain areas and at certain
times of day. Hailu Teklehaimanot, Fortune Staff Writer, sat
down ........
More |
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Ever since the ousting of Imperial rule back in the early
1970s, tens of thousands of Ethiopians have journeyed to
neighbouring countries, hoping for transit to a western
nation. Kenya remains one of these countries that continues
to host Ethiopian refugees, .....More |
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View Point |
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Seasoned lawyers often advise that, “before trying
to lend someone money or ‘investing’ with a
guaranteed return, see your attorney to make sure... |
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The Fine Line |
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From the look of things, the coming administration of the
Revolutionary Democrats or, at least, a rough sketch of it, is
up for discussion and debate on August 23, 2010,... |
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View From Arada |
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While natural disasters seem overbearing at times, the
management of the Entoto National Park has ... |
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