Latest Consumer Price Index Shows Inflation Suspended
Wage Increases, Pension
Adjustment to Cost Government 2.2B Br
The latest decision by the
federal government to increase wages for the civil service and adjust pensions
would cost it a total of 2.2 billion Br. Federal government authorities hope
that surfing within the already approved budget for the current Ethiopian fiscal
year, 43.9 billion Br, would spare the government from domestic borrowing, and
widening the budget deficit.
The Cabinet of the Addis Abeba City Caretaker
Administration has appointed Arkebe Oqubay, state
minister of Works and Urban Development (MoWUD), as
Board Chairman of the Addis Abeba Housing
Development Project Office (AAHDPO), replacing
Wubishet Berhanu (PhD), the city manager, who led
the Project Office for a year and five months.
Before the Caretaker Administration came into being,
the Project Office was formed by the provisional
administration that was headed by Arkebe, which made
him the most preferred candidate to assume ..
The Prime Minister’s Office ordered the Addis Abeba
City Caretaker Administration to prepare plots
suitable for the construction of 50 hotels. The City
Administration, subsequently, screened convenient
plots parcelled from various governmental agencies
of the city.
MIDROC,
Varnero Short-Listed for State Insurance Building
Construction
MIDROC Construction Ethiopia and Luigi Varnero
Impresa Costruzioni Plc (Varnero) have been
short-listed for the financial tender the
state-owned Ethiopian Insurance Corporation (EIC)
issued for the construction of a 14-storey structure
at the projected cost of about 120 million Br.
Life in urban Ethiopia is rocked by a sustained double-digit
inflation, mostly affecting the fixed-income group. The
general assumption is that farmers in rural Ethiopia are not
affected as much for they earn money corresponding to their
produces’ worth. Travelling in the north-west of the
country, TESFALEM WALDYES, SPECIAL TO FORTUNE, discovered
that inflation has already undermined the 1.3 billion Br
national programme assisting millions .....
In
countries with low levels of development, does economic
growth result in a more unequal distribution of income? Is
it necessary for per capita income to reach a certain
minimum level before income inequality begins to decrease?
Do countries with unequal income distributions experience
slower economic growth than more egalitarian countries?
Should governments consider adopting redistributive policies
to improve the situation of the poor?
Keep Ethiopia Beautiful (KEB) Plc is a private company
which is working on cleaning the city by placing trash receptacles
throughout the city of Addis Abeba, hiring employees who clean the
trash cans. The workers empty the trash cans and clean a 20m radius
surrounding each site.
KEB assigns one person per three cans and pays its
employees from sponsorship incomes. The company charges a special
pre-Millennium price of sponsorship, 1,500 Br for three months,
according to Ermias Mekonen, general manager of KEB.
Planning to build toilets around the city and expand their
services to Mekele, Bahir Dar, Dire Dawa and Adama (Nazaret),
they will hire 200 employees.
KEB started operation on August 18, 2007, and thus far
installed 14 trashe cans on the streets of Bole and Kirkos
districts. The can you see to the right is seen on Africa Avenue
(Bole Road), Olympia.
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, Read More
VERBATIM
"The
risk of marginalisation of Africa has now receded."
Prime Minister Meles Zenawi was quoted on an online edition of
the New Partnership for African Development (NEPAD) DIALOGUE on
August 24, 2007, before the Tokyo International Conference on
African Development (TICAD).
Dating in
Addis Abeba can be a treacherous exercise as multiple
partners and lack of honesty are all too common. This
commentator argues that the harm to Ethiopian society goes
beyond the difficulties in finding a fitting mate.
A
close friend and I were discussing this column that
either entertains or irritates many readers every
weekend, and he, being the strongest critic that I
have
Latest Consumer Price Index Shows Inflation Suspended
