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News
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Column
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Central Bank Eliminates Two Directors from
Nile Insurance |
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The National Bank of Ethiopia
(NBE) has shaken executives at Nile Insurance S.C.,
rejecting two of the seven elected members of the
board of directors it was requested to approve. A
letter signed by Wondwossen Etefa, head of Insurance
Supervision Department at the central bank, and sent
to Nile last week eliminated Worku Megra and Michael
Seyoum from membership of the board. |
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Abdulaziz Mohammed, from Dire Dawa to Head of
Kuma’s Office |
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The EPRDF has appointed former Mayor of the
Provisional Administration of Dire Dawa, Abdulaziz
Mohammed, as head of Mayor Kuma Demeksa’s office.
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City Agencies Request More than Double of
Proposed Budget |
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The four major infrastructure development institutes
of the Addis Abeba City Administration have jointly
requested a nine billion Birr budget, more than
double the 3.9 billion Br the Caretaker government
proposed for the entire city government machineries
for the coming fiscal year. |
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| Agenda |
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As global prices hit the roof, Ethiopia has not been
left unscathed. |
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Read More |
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| Editor's Note |
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Last week was a moment of optimism for
analysts in the US, with the expectation |
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| Economic
Commentary |
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Reduced public expenditure
does not necessarily result in a decline in inflation, despite what some
politicians might think. Haftamu Tafare believes that concern should focus
instead on shifting away from national dependency |
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| Opinion |
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While the
incredible growth of China in the last few decades
has shown that democracy is not a prerequisite for a
successful market based economic system, there are,
however, certain fundamental prerequisites for the
development of a viable market system, which must be
adhered to regardless of the political framework.
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VERBATIM |
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"
Just like a common greeting
people do, we ask each other about the level of water in the dams every time we
meet,
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Alemayehu
Tegenu, minister of Mines and Energy (MoME), told Parliament
when presenting a 10-month report from his ministry on Tuesday,
June 17, 2008. He is referring to interactions with colleagues
at the MoME. |
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In view of the ever increasing cost of living that
has negatively affected the majority of Ethiopians,
Omer Redi, Fortune staff writer interviewed
Samia Zekeria, director general of the Central
Statistical Agency, to bring to the spotlight the
agency’s assessment ... Read More |
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Drought seems to have,
once again, reared its ugly head. Many children are
reported to be affected by malnutrition as a result
of this drought; some have even died, despite
denials to the contrary. Tesfalem Waldyes, Special
to Fortune, visited parts of the ... Read More |
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View Point |
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Driven by
Africa's ancient philosophy of 'each-one-teach-one', the
youth that missed school while busy in the struggle are now
at a loss on how they can fit into a market economy. |
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Life Matters |
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In
one’s personal life, or even in the realm of
business, services and public administration, .... |
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View From Arada |
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May be it is because of the way we are brought up
that we are not used to keeping pet animals. |
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