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News
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Column
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Stranded Truck Halts Gibe II Expansion
Project |
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A special truck carrying a 213tn electric power transformer
has been stranded for three weeks in Gibe wasteland, 198Km
southwest of Addis Abeba. The 22 axle trailer was unable to
maneuver through the narrow and twisted Addis-Jimma Highway
and stopped short of reaching its final destination, the
project site of Gilgel Gibe II, owned by the Ethiopian
Electric Power Corporation (EEPCo). |
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AfDB, IFC Make First-Ever Loan to an
Ethiopian Private Company |
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The African Development Bank (AfDB) and the
International Finance Corporation (IFC), the private
sector arm of the World Bank that reopened its
office here a few months ago, have approved loans
worth a total of 110 million dollars for
Derba-Midroc Cement Plc, on Thursday, April 17,
2008.
This is the first loan ever made to a private
company in Ethiopia by either of these international
finance organizations, disclosed Lucy Mamgaga
Marimfye, resident representative of AfDB.
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Iceland Helps Ethiopia to Explore Geothermal
Power |
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Following the signing of a bilateral relation
agreement between Ethiopia and Iceland on January
2008 to explore geothermal power potential in the
rift valley region, a team of experts from Reykjavik
are to engage in a bilateral geothermal survey.
It would be too early to talk about the project
cost, said Sendeku Araya, public relations division
Head at the Ethiopian Telecommunications
Corporations (EEPCo). |
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| Agenda |
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Zewdnesh Chuko, 48, cast her ballot on Sunday April
13 at the Kebele 17/19 polling.. |
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| Editor's Note |
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Who would have thought, three years ago,
that a loose electoral front in... |
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| Economic
Commentary |
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Banks provide transaction services,
administer payment systems, supply back-up liquidity and are the conduit through
which monetary policy is administered, argue finance gurus, according to Andnet
Semere. Consequently, a systemic crisis in..... |
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Flu or Hypertension? |
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Stifled by a runaway inflation whose year-on-year average
picked to 22.9pc this month, what ails Ethiopia’s economy
has been a subject of fierce debate in parliament last week.
Tamrat G. Giorgis
and Endale Assefa, Fortune Staff Writers, and Tesfalem
Waldyes, Special to Fortune, have followed the
parliamentary discourse and the mixed public reaction that
has....Read More |
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VERBATIM |
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The most debatable issue today is not whether Ethiopia’s economic
crisis emerged now, or is a result of global economic malaise. It is whether it
is due to the political instability in 2006 that were subsequent to the 2005
electoral crisis. |
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Seyee Abraha,
former strongman of the TPLF, analysed Ethiopia’s current
economy ploughed by extreme inflationary pressure on Op-Ed piece
published by the weekly Amharic, Addis Neger three weeks ago.
Seyee argued in his article that in order to deal with
Ethiopia’s economic woes, and bring sustainable growth, there
should a politically stable environment in the country. He urged
the need for dialogue instead of confrontation to resolve the
outstanding grievances that exist in the country. |
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Three
days after Prime Minister Meles Zenawi had a showdown, on
March 18, with his Parliamentary political rivals over their
allegations of neglect of the drought in the eastern and
southern parts of the country, when delivering his half-year.... Read More |
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A native of the Gerar Jarso Wereda in the North Shoa
Zone of the Oromia Regional State, Mekete Debalke is
a farmer who sweats to support his extended family
of nine. Cultivating wheat, sorghum, barley, pea and
teff on his eight hectare plot of land, ....
Read More |
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View Point |
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Legislation on the existence of
consumer associations has been in existence since 1998 with
the issuance of a Cooperative Societies' Proclamation. The
legal framework that governs the rules of association of
.... |
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Life Matters |
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This week has been sort of surreal as regular life
in Addis Abeba has played host to a number of
stories that we would not .... |
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View From Arada |
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Life has both a bright side and a dark one. There
are times when we find good reasons to be happy and
delighted. There are also...
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