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State Audit Firm Deems CBB's Provisions Substandard

The state owned Construction and Business Bank (CBB) is locked in an internal feud with its auditor, the state owned Audit Service Corporation (ASC), over the adequacy of provisions the former held to secure its Non Performing Loans (NPL) for the financial year 2007.

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State Agencies Table Budget Requests to MoFED

The Ministry of Finance and Economic Development (MoFED) was occupied last week with a budget hearing of state Agencies for the 2008/2009 budget year. The Agencies have presented their requests to the office of the Ministry up to March 26, 2008.

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Nine Months Export Plan Falls Short of Target

The federal government has once again failed to attain its mark in export in its nine-month performance this budget year. Against its initial target of securing 1.28 Billion Br in proceeds from exports in the first nine months, the government only made one billion Br.

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Agenda    

The city administration has industrial zones where it allocates...

 
   

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Editor's Note  

Three years ago, the Revolutionary Democrats suffered a humiliating defeat ...

 
   

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Economic Commentary  

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 the..

   

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Flu or Hypertension?

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

 
VERBATIM    
 

Some people try to exploit the situation and say what they want to say by taking some words out of context, and that is unfair.

Track star Haile Gebresellasie complained to the Chinese news agency that the international media misquoted him a few weeks ago when he disclosed his decision not to run the marathon at the Beijing Olympics.    

 

 
 
 
 
 
 
 
 
 
 

FEATURE-The Grim Face of Drought

 

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

FEATURE-Fertiliser Purchases Drop Following Rainfall Scarcity

 

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

 
 
View Point

A few days ago, a friend of mine came to tell me his plan to visit one of the private banks for sponsorship. In the middle of our conversation, I asked him if he had prepared something .....

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Life Matters
 

Two weeks of elections have come and gone, and I have not yet experienced a more comic election ....

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View From Arada
 

The title sounds like a piece of advice from a psychologist on a remedy for a patient suffering from depression, ...

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