Hardly anyone displayed the extent of loss and the degree of  grief more profoundly than Assia Abdela, 18, when a flash flood struck Dire Dawa, a town of nearly 300,000, 501Km east of Addis Abeba. Her photograph, taken two days after the flood wreaked havoc deep into the night of August 6, 2006, - with tears rolling down her face exposing the depth of her trauma - was published on Fortune; it goaded many readers here and aboard to respond to relief appeals, with unprecedented compassion.

Gov’t to Setup Comm’n for Population

The federal government is keen to create a commission in charge of implementing the nation’s population policy, 14 years after it was first formulated in April 1993.

The belated presidential appointment at Wegagen Bank SC is to arrive finally, as the Board of Directors of the Bank chose a veteran banker, Hadgu Hailu, former vice president and human resource head at the state-owned Commercial Bank of Ethiopia (CBE) as its new president. The National Bank of Ethiopia (NBE), regulatory body of the country's financial institutions, has accepted the appointment of the nominee.

State Insurance Corporation Gets Acting Managing Director

Tewodros Tilahun, who has been serving as the managing director of Ethiopian Insurance Corporation (EIC), the largest insurance company in the country, commanding 80pc of the market share, resigned from his post. Subsequently the State Financial Institutions Agency (SFIA), which supervises state-owned financial institutions, has now appointed Tesfaye Alemu, his former deputy, as the acting managing director.

The management of Sheraton Addis is in a hiring spree, eyeing a Millennium bonanza it will organise inside Ethiopia's largest concert hall under construction on Africa Avenue (Bole Road) at a project cost of 10 million dollars.

Minister Discusses Curbing Leather Sector Woes

With an eye to curbing the major setbacks the leather industry is facing, Tadesse Haile, state minister of Trade and Industry, held talks with investors engaged in tannery and leather and leather products processing. 
 

Adama Granting Plots for Residential Construction

The Adama (Nazareth) City Administration Cabinet is once again to begin granting residential plots to the city residents that do not own houses. After months of abandonment, this is the first time for the Cabinet installed in April 2007 to address the land issue.

A week-long Millennium extravaganza festivity initially scheduled to take place in Meskel Square as of September 12, 2007, organised by the Taste of Addis Africa Annual Festival (TAAAF) and the Addis Abeba City Administration Millennium Secretariat Office, has now been called off.

EEPCo to Spend About 30m Br for Electric Pole Chemical

The Ethiopian Electric Power Corporation (EEPCo) will spend about 30 million Br to procure 600tn of a chemical meant for treating the wooden electric poles which hold wire electric cable.

Yoseph Tesfaye has been appointed Secretary General of the Ethiopian Chamber of Commerce and Sectoral Association (ECCSA) on August 14, 2007. It is four months after the new Board members were elected by the general assembly that he assumed his position.

Read More