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Addis Bombarded by Explosions Increasing Injured and Dead
 

 

   

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Oil Companies Bid for Anbessa Fuel Supply

The five oil companies that are active in the country are competing to supply Anbessa City Bus Service Enterprise fuel and lubricants.

 

The winner of the tender will be paid over 55 million Br annually to supply the goods to the public transporter.

 

Anbessa sent a somewhat contradictory invitation to bid to the five oil companies in the beginning of April 2006. Shell Ethiopia, Mobil Oil East Africa, TOTAL Ethiopia, Yetebaberut Beherawi Petroleum (YBP), and the National Oil Company were the recipients of the letter. The tender was opened on May 3, 2006.

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Sheraton Expansion Moves Over 12,500 People

Before the Provisional Addis Abeba City Government handed over the key to the new Caretaker Administration and lease board passed a decision that the Sheraton Addis be awarded a 37.7hct plot in order to commence its expansion project.
 

The plot is located in two districts, those of Kirkos and Arada, which have been charged with removing a total of 2,797 homes to hand over the plot to the luxury hotel. The plot rests 24.5hct in Kirkos and 13.2hct in Arada.
 

The plot is situated in the middle of the National Palace, the Ministry of Foreign Affairs, Filwuha Public Spa Enterprise, the old abattoir and Orma Garage.

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ETC Awards Procurement of 2m SIM Cards to Chinese Company

The Ethiopian Telecommunications Corporation has awarded the procurement of two million SIM cards, at a cost of over 12 million Br to a Chinese company, Whuan Kianyu.
 

The procurement is part of the Corporation’s goal to increase the current 650,000 mobile subscribers to 2.6 million in the coming 18 months.
 

The telephone monopoly floated an international tender for the procurement and opened it on February 28, 2006. At the opening, 19 companies participated.
 

A majority of the companies that presented bid documents to participate in the tender were European, although there were three Chinese companies as well as some South African firms that participated as well.

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KEEP GUESSING: SAYS MELES

 
 

Interview

 
     
 
LETTERS TO THE EDITOR
 
 

Asmelash Hadush, Yemen Arrest

Dear Editor,

Fortune published a news story entitled “Ethiopian Businessman under arrest in Yemen” dated April 30, 2006 about our debtor Ato Asmelash Hadush.
 

The report, as we found it, does not reflect the correct situation and, therefore, we have decided, hereunder, to make the factual corrections and inform you of how things stand.
 

Ato Asmelash Hadush Woldu, with Ethiopian passport no. E0000775, who is a legal representative of W/rt Tsega Kidanu (owner of Evergreen Trading), had taken bank loans from Nib International Bank (NIB).

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Africa Al Kaharati Accor......

Africa Al Kaharati Accor Hotel, an international hotel chain that applied with the Investment Commission to build two four-star  hotels on Africa Avenue leased the 10,232sqm plot at a unit price of 9,848 dollars. The company had already paid 400,000 dollars prior to receiving the title deed.

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THE WEIGHT OF A CITY'S KEY

Arkebe Okubay, state minister of Works and Urban Development, officially ended his tenure as the provisional mayor of  Addis Abeba when he handed over the keys to the capital city to its new caretaker mayor, Berhanu Deressa.

The newest mayor of Addis Abeba has dubbed his cabinet “the Fire Brigade” hoping that it will put out the fires that are raging in the city and be the peacemaker and bringer of stability to the city until such time that new elections take place in a years time.

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ADDIS FORTUNE NEWS
 
Addis’ New Caretaker dubs Self Fire Brigade
     
 

Berhanu Deressa Addis Abeba’s newest mayor, who was appointed to head the Caretaker Administration by the federal government, calls his new cabinet ‘The Fire Brigade’.
 

Addis Abeba has been in a cold war since the May 15th elections, having caused rifts between the incumbent, the opposition and the voting public that have yet to be bridged. This was manifested clearly during the November and June unrests that took place in the capital. There has been the loss of lives and an aura of distrust that has been bred between the police force and the public that they are trying to protect.

 

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SBACO Buys Nazareth Garments for 8.5m Br
     
 

The Privatization and Public Enterprises Supervisory Agency (PPESA) has sold Nazareth Garments SC to Siltun Balemoya Co (SBACO) for 8.5 million Br.
 

Located 98Km east of Addis Abeba in the Oromia Regional State's Adama (Nazareth) town, Nazareth Garment was established in 1989 based on an agreement between the National Textiles Corporation (NTC) and Daewoo Corporation of South Korea. All of the equipment for the factory was imported form Japan or was provided through Daewoo.

 

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Gift Trading Finally Able to Begin Real Estate Development
     
  Gift Trading Plc, sister company to Gift Real Estate, has found closure to the controversy that it was facing on a plot of land that it received in the Yeka District. The company will finally be able to begin its real estate development on a 90,000sqm plot that it received in the CMC area.  

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United Bank Awards 4m Br Equipment Supply
     
 

United Bank (UB) SC has awarded a four million Birr hardware supply contract to United System Integrators (USI) after completing evaluations on a tender floated on March 12, 2006.
 

The Bank signed the contract with the winner for the hardware supply on May 10, 2006. The agreement is to supply and install 24 HP servers to the Bank 10 of which will be installed at the main branch of the Bank located Mekwor Plaza Building, on Debre Zeit Road while the rest will be for branch offices.

 

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Anti-Corruption Deputy Commissioner Appointed to Chair Akaki Spare Parts Board

     
 

The Deputy Commissioner of the Federal Ethics and Anti-Corruption Commission, Addisu Mengistu has been appointed to chair the board of directors of the Akaki Spare Parts and Hand Tools SC.
 

Addisu was appointed to the board by the director general of the Privatization and Public Enterprises Supervisory Agency (PPESA), Beyene G.Meskel.

 

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Neyo Bio-Medical to Open First Bio-Medical Engineering College
     
 

Neyo Bio-Medical Engineering, established in 2002 by its owner and managing director, Nega Kebede, is planning to open the first bio-medical engineering college in Ethiopia.
 

A source at the Ministry of Health told Fortune that one of the biggest problems the health sector is facing at this time is the lack of skilled personnel that are able to maintain medical equipment that is used by hospitals and clinics across the country.

 

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Study Recommends State Exit Real Estate Development
     
  The Ethiopian government should leave the real estate development sector to the private sector and to communities that are willing to build for themselves, according to Abebe Zeleul, former head of the Addis Abeba City Administration’s Land Development and Administration Authority and current deputy dean of the urban development department of the Ethiopian Civil Service College.  

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Local Companies Gets Electric Sub Contract

     
 

Two local companies Safecon Plc and Sigma Electric won a sub contract for the erection and installation of nine substations from an Indian company Ircon International.
 

Ircon won the contract from the Ethiopian Electric and Power Corporation (EEPCo), which awarded the 18 substation construction to two international companies, Ircon and a Chinese company, Wambao International, each got nine substations.

 

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BGI Starts Pilot on New Beer Line
     
 

Brasseries et Glaciere’s Internationles (BGI) Ethiopia’s factory in Addis Abeba has begun provisional production on a newly installed beer line.

The expansion project will enable BGI’s factory in Addis Abeba to produce 35,000 bottles an hour when it comes into full swing, which is targeted for October 2006. The current production capacity of 55 million litres a month will be boosted by 20 million litres.

 

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Alternative Fuels Gain Attention as Fuel Prices Soar
     
 

As the price of fuel increases on the international oil market, Ethiopia has set its sights on ethanol and bio-diesel to guarantee the supply of affordable fuel.
 

The increasing international demand for the product does not guarantee that the supply will be constant in the future, according to a study that was done by the Ministry of Trade and Industry (MoTI). The study focused on the two alternatives and their viability in the country.

 

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Agenda
Symbolic Parliament Walk Out
 

Prime Minster Meles Zenawi commented on the walk out of the opposition party members, during his speech at the 22nd regular session of the House of People’s Representatives by using an anecdote from the United States Congress.


“This reminds me of the US congressman that was left alone with a camera man and Newt Gingrich, who was at the time the speaker of the house” said the Prime Minister. ”When the camera took the shot of the room behind him, the chairs were empty. In the US congress, congressmen can leave after they have registered their names for that session”. 

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Economic Commentary
 
 

Failed states: The agenda for human development in Africa faces many limitations in the sphere of institutional development. On several occasions, I have raised questions as to whether we have so far been effective

 

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Opinion
 
 

During a recent press conference the Prime Minister had with journalists, one of our colleagues from Fortune asked him whether his government claims it has legitimacy after all that happened following last May’s elections.

 

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Editor's Note
 
 

When it comes to the Addis Abeba City Administration, the last year since the May 2005 Ethiopian national elections have been characterized by great ambiguity if not mystery.

 

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My perspective
 
 

My tall Gojame friend called Thursday afternoon to kindly give me some information that I needed. He enquired about what I was writing about, and I ......
 

 

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View point
 
 

From many parts of Africa there is encouraging news of economic expansion and poverty reduction. The benefits of economic stabilization are becoming increasingly visible, with the last few years witnessing growth at its

 

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Life Matters
 
 

I exist in the strangest of contradictory states. Every aspect of my life continues in a constant state of conflict - which can get to be annoying when you really sit down to think about it. It’s as though my nature just won’t make

 

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View From Arada

 

“Fasten Your Seat Belts” is a warning slogan we hear ubiquitously over the morning radio show of FM Addis hosted by Dagmawi Tariku. Many people agree that fastening seat belts could minimize death tolls by keeping drivers in their respective seats during a crash or the overturning of vehicles. There are, however, others who view the problem from a different perspective.

 

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Gossip
 
 

The celebration of Ethiopian Patriots Victory Day on Friday May 5, 2006 gave almost every institution a second day off (the first having been International Labour Day that was celebrated on Monday May 1, 2006) during the last week. This was not the case with the Economic Commission for Africa (ECA), which had a full working day on the public holiday.
 

 

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Restaurant Review
 
 

Name : Samet Restaurant




Location:
Guinea Conakry Road


serves:
 

Ethiopian and European Dishes.
 

 

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Restaurant Review


    Restaurant Name :
        Samet Restaurant

     

    Serves Ethiopian and European Dishes.

    Located Guinea Conakry Road

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Business Opportunities

    Tender Mart 
     

    Bidders for Networking and for the Supply of Necessary Accessories. Zewditu Hospital. Opening Date: 21 days from announcement. Publication: Addis Zemen, May 7, 2006.
     

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Business Opportunities

Importer

A company in Nicaragua would like to import general goods such as hand ware, building materials, foodstuffs, drugs, garments, textiles and other. The company also wants to export ...

Exporter

A company in USA engaged in the manufacturing of high tech medical equipment devices, especially the portable ultrasound scanner is looking for importers. For further information please contact: .....

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Business Opportunities

Partnership

Novatium, an Indian company engaged in manufacturing computing devices is looking for a joint venture with PC manufacturers and IT distributors. For further information please contact: Ashok Zutshi. Tel. +914452055322. Fax. +914452055320. E-mail. ashok@novatium.com


 

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Business Opportunities

More Calendars...

 
   
 
 
 
 
 
 
 
 
 
 

 

 

 
 

VERBATIM



 



 

“As regards to the security arrangements, article 27 of the Addis Abeba city charter specifies that the police force is accountable to the federal government, with the city administration mandated to run it, however, as these arrangements might complicate the duties of the provisional government, the said mandate will be lifted to make security and police institutions directly accountable to the federal government”.

 

 

Prime Minister Meles Zenawi, in his speech to parliament the day that a new caretaker administration was appointed for Addis Abeba, the Prime Minister asked that the temporary administration be stripped of its power to handle the security issues of the capital.

 
     
 

This Week's Cartoon and Comic Stripe

     

     

     
             

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