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News
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Column
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Financial Employees Finally Get Pay Raise |
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The belated salary adjustment for employees of state
financial institutions has finally arrived. The
Public Financial Enterprises Agency (PFEA) approved
a 30-50pc salary increase for these institutions it
supervises. |
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Probe
on Gilded Gold Lands 19 Suspects in Jail |
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With the arrest of a senior official from the
National Bank of Ethiopia (NBE), the number of
suspects under police custody in relation to
investigations on alleged gilded gold sold to the
central bank has reached 19. |
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EPRDF to Construct Headquarters, Training
Centre |
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The Ethiopian Peoples’ Revolutionary Democratic
Front (EPRDF), the ruling political coalition, is to
construct a seven-storey headquarters and a training
centre with a projected cost of 120 million Br. The
headquarters is expected to lie on a 4,330sqm plot
in Arat Kilo, off the road from the Parliament
... |
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Country Trading to Assemble
AKIRA TVs |
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Country Trading Plc, sole importer and distributor
of AKIRA TV sets, is to become the second company to
assemble televisions locally. The company has
installed an assembly plant in Nifas Silk Lafto
District on a 35,000sqm plot around... |
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| Agenda |
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World grain markets are in chaos. Wheat prices have
reached all-time highs follow.. |
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Read More |
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| Editor's Note |
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As the over one billion dollar campaign for
the most powerful ... |
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| Economic
Commentary |
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Inflation
is not just an Ethiopian phenomenon, though the rising
prices all around are painful to the point of believing it
is here that people suffer the most. While much of the world
is struggling to cope, there are a few basic rules of thumb
that can guide.. |
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THE YEAR IN
BRIEF |
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The year 2007 brought in the new
Ethiopian Millennium and an accompanying tide of mixed economic
indicators for the business community. With all the hype generated
by the Millennium Secretariat Office's public relations campaign,
Ethiopia's image as a unique country with deeply embedded traditions
intermingled with its portrayal as an investment environment that
.... 2007 In Brief |
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VERBATIM |
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"Compromise
was necessary for the survival of this country." |
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Former United
Nations (UN) Secretary-General Kofi Annan said that the power
sharing deal between Raila Odinga and Mwai Kibaki that created a
new Prime Minister position was just a first step to national
reconciliation that must encompass Kenya’s entire populace. |
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I expect justice to be rendered, by transferring to
us the prosecution briefs of the “Borrel Case”. When
great powers sign a treaty with small countries,
they have this appalling tendency of forgetting... Read More |
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As the
Ethiopia Commodity Exchange (ECX) becomes reality, ELENI
ZAUDE GABRE-MADHIN (PhD), chief of party for the Exchange
Project, reflects on what it takes to build an exchange and
where her efforts are in the development of Ethiopia’s first
of....
Read More |
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View Point |
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The
phoney gold scandal at the National Bank of Ethiopia (NBE)
has left many damaged reputations in its wake. Talk that has
gripped the capital and the media leaves the credibility of
the people and institutions involved in..... |
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Life Matters |
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Like many thousands of other procrastinators in the
city, I chose to wait until the last minute to renew
my inspection tags at
... |
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View From Arada |
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To many,
Ethiopia stands out from the rest of African countries for a
unique history free from colonisation. But one of the
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