The Federal Supreme Court launched e-litigation services that enable members of the public to litigate their cases through the Internet rather than going to the Court.

Rented Houses Agency to Construct Not Liquidate

In a drastic turnabout to expectations that the Rented Houses Agency (RHA) would privatise residences under its supervision and dissolve, it rather is to join the real estate sector with constructions that it will undertake on 17 sites in Addis Abeba.

African Dev’t Bank Rejects Etio-Djibouti Power Additional Loan

The African Development Bank (ADB), the major financier of the Ethiopia-Djibouti Power Interconnection Project, rejected an additional 40.8 million dollar loan request from the governments of Ethiopia and Djibouti. However, the Bank has approved three international companies - French ETDE, Indian Kalapa-Taru and Italian Siemens – short-listed by the joint committee of the countries for the project construction.

Castel Gets Ziway Plot for Wine Production

Finally, the Privatisation and Public Enterprises Supervisory Agency (PPESA) has decided to give the 200hct of land that was administrated by Ziway Agricultural Development Enterprise to the French Castel Group.

Giving priority to a sector that the government sees as having great export and growth potential due to Ethiopia's competitive advantages in terms of natural resource endowments, the textile sector will see a large injection of capital and capacity increase. The Ministry of Trade and Industry (MoTI) hopes this will improve the industry's dismal performance compared to targets of last year.

Millennium Promotions Commanding High Prices

Three promotional companies have kept themselves busy exploiting market opportunities on the eve of the Millennium festivals. Century General Trading Plc, MA Promotion Plc and Great Way Business Promotion Service have found various places for display with potential for increased exposure.

Coffee Joins DBE’s Priority Loan List

The Development Bank of Ethiopia (DBE) is to include coffee on the priority list of its loan policy.

It was considered after a three-day working visit made by Wondwosen Kebede, the Bank’s president, and his deputy, Mesenbet Shenkute, to tap coffee growing localities of the country, such as the Jimma Zone in the Oromia Regional State (birthplace of the drink).

Italian KRINAS Disqualified in 14m Br Anbessa Shoe Procurement

KRINAS, an Italian company, was disqualified on the technical evaluation of an over 14 million Br tender floated by Anbessa Shoe Factory. The financial offers of the eight other short-listed international companies that passed the technical evaluation were opened last week. 

Employers Federation Re-elects Board

The Ethiopian Employers Federation (EEF) elected its Board of Directors again after the Ministry of Labour and Social Affairs (MoLSA) rejected the previous election result and ordered the Federation to hold re-elections. In an election held on Saturday, August 4, 2007, at Ghion Hotel, Buzayehu Tadelle of East African Holdings; Kassahun Bogale from the Adama (Nazareth) branch of the Federation’s office; and Tadese Eyasu from the Ethiopian Hotels and Restaurants Association, have been elected as the new Board members of the Federation. 

Ethiopian Appointed to Equity Firm with One Bln Dollar African Investment Aims

The multi-million dollar private equity firm, Actis, appointed Teshome Kebede, deputy director of agribusiness and trade expansion programme in Ethiopia for USAID, as a member of its East African Advisory Panel from Ethiopia, Kenya, Uganda and Tanzania.
 

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Exports Fall Short of Target

Struggling to garner the much needed foreign currency to supply the growing import demand for commodities such as fossil fuels, Ethiopia was overly ambitious in projections for exports last year. The exception was the growing gold industry that managed to surpass expectations while riding the high international prices that have prevailed in metals markets.

Largest Ever Gold Smuggling Verdict Overturned

The largest ever monetary fine that was passed by the Federal First Instance Court against Daniel Mekonnen, co-owner of Africa Jewellery, for an alleged attempt to smuggle over 46kg of gold out of the country has been overturned by the Federal High Court.