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Column
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Court Freezes EIG Account
after Alleged Failed Deliveries |
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The Federal High Court froze the account of Ethio
Investment Group (EIG), importer and distributor of
BMW, Ford, Land Rover and SCANIA vehicles. Following
the ruling passed by the Eighth Civil Bench, the
Gofa Branch....... |
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With Declining NPLs, CBE’s 2Q
Profit Gallops Up |
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The state-owned giant Commercial Bank of Ethiopia (CBE)
has reported a stunning performance from its second
quarter operations, where it has made a record high
profit. The Bank has registered un-audited 716
million
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Two Senior NBE Officials Join
Four Others in Custody in Gold Scandal |
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Two senior National Bank of Ethiopia (NBE) officials
were arrested last week in conjunction with the
phoney gold scandal that has been rocking the
financial institution regulator for three months
now. The latest arrests have
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Ambitious ‘Traditional
Village’ Park Plans Hitting Roadblocks |
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The project that envisages constructing a ‘nations
and nationalities village’ in Adwa Park, off the
road around Bole overpass and the road to Gerji,
seems to have been engulfed with challenges.
Developed by Ethiopian Village
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| Agenda |
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Scenes are common of overloaded buses cramming yet
more passengers into mini |
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| Editor's Note |
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In places where leaders are elected to
public offices, reputation matters.... |
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| Economic
Commentary |
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Officials at the global
agency for energy claimed last week that the world has
sufficient stocks of oil; contrary to popular assumption,
supply is not experiencing a shock. They rather attribute
the record high increase in the oil market to financial
mismanagement |
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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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Corruption
is a cancer. It has reached to that level [here]; the public is sick. It is wise
to examine the experiences of China and Vietnam in the effort to stamp it out. |
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Tilahun
Wubneh (Eng.), chairman of a local civic organisation in the
town of Adwa, 800Kms north of Addis Abeba and the birth place of
Prime Minister Meles Zenawi, speaking during the inauguration of
a statue of Basha Awalom, a double agent who is believed to have
played a key role in Ethiopia's victory against the Italians in
1898. The statue was inaugurated by Sebhat Nega, central
committee member of the TPLF. In his presence, Tilahun listed
corruption as one of the three vices Ethiopians should fight
against; the others to being poverty and the AIDS pandemic. |
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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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US Democratic hopeful Barack
Obama, who is still neck-in-neck with Hillary Clinton after yet another show of
gridlock amongst the party last Tuesday, presents a new approach to politics.
His message of change has captured.. |
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Life Matters |
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When the World Cup rolled around, a couple of years
ago, I mentioned in this column my distaste for the
sport of football, much to.. |
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View From Arada |
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Rushing
to enjoy the last nibbles of meat before the longest period
of fasting in the Orthodox Church gave Girma Feyissa a
chance to .. |
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