Prime Minister Meles Zenawi appears delighted last week at his office while  giving a joint press statement with Howard Schultz, chairman and chief global  strategist of Starbucks Corporation. The chief of Starbucks, along with Ethiopia’s  Ambassador to the United States, Samuel Assefa (PhD), came to Ethiopia last week to announce the establishment of Farmers .... Find out More

 

Labour Union Sues Shell Over Severance Benefits

Shell Ethiopia’s Labour Union filed a lawsuit at the Federal First Instance Court, Kera Area Labour Bench, alleging that the company has illegally changed its retirement policies in order to save money on lay-offs ahead of a possible closure of its operations in the country.

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CBE Goes After More Mina Assets

After two years of wrangling with bureaucrats, transport strategists have finally convinced the federal government that the country needs a brand new corporate entity to heavily invest in railway infrastructure across the nation.

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Protecting Dire Dawa from Floods Will Cost Millions, Firms Says

The United Kingdom (UK)-based consulting firm Halcrow told the government that future floods in Dire Dawa can be prevented, and suggested two multi-million Birr plans for protecting the city, which was thrashed by its worst flood in history last year.

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Agenda    

A year after a severe flash flood exacted huge tolls on human life and property in

 
   

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Editor's Note  

For much of the international media, Friday (November 30) midnight was a ...

 
   

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Economic Commentary  

Starbucks Corporation Chairman and Chief Global Strategist, Howard Schultz, came to visit Ethiopia a few months after his company signed a deal....

   

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Victory Duty-Free Store Ablaze
     
OBITUARY
27th birthday of ANDM
 

President Girma W. Giorgis had a light moment in Bahir Dar last week with Addisu Legesse, deputy prime minister, who is also chairman of the Amhara National Democratic Movement (ANDM), one of the political parties in the ruling EPRDF. The party was commemorating.... Read More


ARCHIVE
For New Banks, the First Steps May Be the Toughest
 

Five new banks are poised to enter the financial sector, attracted by the unprecedented profits in the industry. The new contenders, however, .Read More

 
 
 
 
 
 
 
 
 
 
 
VERBATIM
 

"We follow closely and with great interest, and sometimes concern, the democratisation process in Ethiopia and try to be helpful, together with the other members of the international community, wherever we can, to promote peace, human rights, rule of law, fruitful dialogue between different actors in the

society and overall development in the country."

Kirsti Aarnio, ambassador of Finland, spoke on the 90th anniversary of her country's independence of the 40 years of bilateral relations with Ethiopia, citing education and water as the main elements.

 
 
View Point

Addis Abeba's administration took a bold move to issue a one billion Birr bond to CBE, a move the Mayor hopes is emulated by other municipalities. The financial mechanism common to much of the world shows ...

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Life Matters
 

I had an encounter this week that showed me the fundamental difference between how we as ...

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View From Arada
 

The Amharic word Bah, in this particular case, stands for a lake.  'Dar' means "shore". Combining the two words yields the idea ...

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