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THE
LOOK OF THINGS TO COME AT THE GHION: This architectural
design illustrates the desire by a consortium of prospective
investors from Nigeria and Dubai on how they would transform
Ghion Hotel in Addis Abeba, should the government give them
a joint venture opportunity. For a share that may go as high
as 70pc, they are willing to invest 200 million dollars in
refurbishing the look of the Ghion Hotel.
Find
Out More |
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Heavy Trucks to Dock at Djibouti |
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The first
batch of 300 semi-trailers and dump trucks the federal
government bought from China are expected to arrive at the
Port of Djibouti on Tuesday, April 15, sources active in the
maritime sector disclosed. |
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Zemen Bank Eyes Abyssinia’s Departing Vice
President |
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The main promoters of Zemen Bank, a company under
formation to enter the banking sector, are in hot
pursuit to recruit one of the two vice presidents at
the Bank of Abyssinia (BoA).
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Horticulture Entity Eyes Ethio-Korea Farm |
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Sher-Ethiopia, the largest flower farm in Ethiopia,
has revealed its interest to acquire a portion of
the former Ethio-Korean farm in Meki town of the
Oromia Regional State, 134Km away from Addis Abeba.
The company has tabled a request to the Regional
State to get hold of a 300ht plot of land from the
farm. |
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Lufthansa sets Fixed Pay for Tour Operators,
Lifts Commission Scheme |
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Lufthansa Ethiopia lifted the seven per cent
commission that it has been paying travel and tour
operators for ticket sales. The airliner has decided
to give the operators a fixed 50 dollar pay
regardless of the type of ticket they sell,
effective as of next May. |
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Lifan to Acquire 20pc of Holland Car Shares |
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Lifan Industrial Group is to acquire 20 pc of
Holland Car Assembly Plc shares. This follows the
Chinese government’s inititative to encourage
Chinese companies to procure shares in African
companies. |
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Bio-Fuel Company Presents Evironmental Impact Assessmment |
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Flora Eco Power has finally conducted an
Environmental Impact Assessment (EIA) for its
contentious castor seed farm in east Harerghe of the
Oromia Regional State, 557Km far from Addis Abeba.
The company has, on April 7, submitted its
assessment to the Federal Environmental Protection
Authority (EPA). |
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Tensions Rise Between Grain Millers, MoFED
Over Bran Tax |
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Tension is rising between the Ethiopian Millers
Association (EMA) and the Ministry of Finance and
Economic Development (MOFED) over taxes on bran, a
byproduct of wheat used for animal feed. |
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For the First Time, Parliement Debars Corrupt
Judge |
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Parliament has approved, for the first time, the
removal of Shumalem Getachew from his position as
judge of the 12th criminal bench of the High Court
following a recommendation by the Law and
Administrative Affairs Standing Committee on April
10, 2008. Only 15 MPs abstained and vote against the
recommendation was registered.
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Dukem: The Land of Metal and Steel |
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Yesu Plc is to construct the second phase of its
steel factory with a 180 million Br investment,
joining an industry where five factories are
operating. |
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Nile Initiative to Generate More Power |
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The Eastern Nile Subsidiary Action that comprises
Ethiopia, Sudan and Egypt under the Nile Basin
Initiative is contemplating constructing two
mutually beneficiary dams in Ethiopia. A study
conducted by the UK- based company Scot Wilson in
2006/2007 proposed the construction of the dams in
the Benishangul Regional State in Border, 20Km from
the nearest Sudan border, and Mendia, an area close
to the convergence point of River Abay and Dedessa
in Ethiopia. |
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