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Ethiopia, on Verge of Halting Oil Imports
from Sudan, Looks to Saudi Arabia |
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Ethiopia is on the verge of halting petroleum
product imports from Sudan, and may be forced to pay
as much as 10 million dollars more every year to get
its fuel from Saudi Arabia and other Gulf nations.
Two factors may force Ethiopia to cease importing
millions of dollars in petreolum products from
neighbouring Sudan, an arrangement that has saved
Ethiopia millions over the last four years.
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NBE Intends to Play Hardball with Bankers
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The National Bank of Ethiopia (NBE) has finalized
the first draft of a much anticipated but a very
controversial law regulating banking business that
would carry new fines and even prison terms for
offenders.
A
member of one private bank’s board of directors
described the proposed framework as “the most
Draconian banking law in the world”. Unlike its
predecessor, the revised draft law contains at least
six provisions that
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PFEA
Organises Credit Management Training for Bank Brass |
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Public Financial Enterprises Agency (PFEA), the
government agency in charge of state-owned financial
institutions, organised a two-day seminar in
collaboration with the United Nations Industrial
Development Organisation (UNIDO) for executive
managers and board of directors of state-owned
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| Agenda |
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As press reports continue to depict
Ethiopian troops in Somalia as stuck in a
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| Editor's Note |
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It is easy to get carried away in good
times. With the impressive economic
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| Economic
Commentary |
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Ethiopia's
foreign policy challenges are no less in the new Millennium
than in the last, says Abdul Mohammed, from Darfur,
Sudan. While it is important to call upon the reservoir of
institutional memory, there are also unprecedented
challenges to be faced. |
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OBITUARY |
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27th birthday of ANDM |
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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....
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ARCHIVE |
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For New
Banks, the First Steps May Be the Toughest |
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Five new banks are poised to enter the financial sector, attracted by
the unprecedented profits in the industry. The new
contenders, however, .Read More |
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VERBATIM |
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"We
have to bring more elements to the table. But I think it
starts with a commitment by the Somalia leadership to be
inclusive." |
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The United
States (US) Secretary of State spoke last week on her second
visit to the African continent of the need for the Transitional
Federal Government (TFG) in Somalia to bring more groups into
its fold. |
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View Point |
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On the
occasion of H.H. Sri Sir Ravi Shankar's visit to City hall
last Friday the Mayor reflected on the causes and
ramifications of corruption. While poverty is at the root of
motivations for those seeking benefits outside the bounds of
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Life Matters |
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I returned to this country after the Ethio-Eritrean
conflict, something I have never complained about,
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View From Arada |
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It is not an everyday matter to meet a prime
minister and air views. The youth and women have
done it. Senior citizens are
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