http://www.addisfortune.com/index.htm Get the Latest Business News from Ethiopia- The Largest English Weekly in the Nation! http://blogs.law.harvard.edu/tech/rss Jitbit RSS Feed Creator Mon, 16 Feb 2009 00:00:00 +0300 For many following developments in Ethiopia, the economy is navigating tough times: The country finds itself in a balance of payment crisis, with foreign exchange reserves allegedly at an all-time low; the liquidity crunch serious both in the domestic lending and foreign exchange domains; and inflation reaching a historical high. This is a scenario economists described as "the perfect storm". http://www.addisfortune.com/The Strom is behind Us-Says Meles.htmMon, 16 Feb 2009 00:00:00 +0300Four senior managers of the Ethiopian Insurance Corporation (EIC), including its managing director, were sent out onto forced leave late last week, sources disclosed. http://www.addisfortune.com/Insurance Giant Sends Top Managers on Controversial Leave.htmMon, 16 Feb 2009 00:00:00 +0300Following the dismissal of Aselefech Mulugeta, former president of the Bank of Abyssinia, Tarekegn Assefa and Emawayish Adissu, Corporate Planning and Business Development and International Banking Department managers, respectively, resigned. http://www.addisfortune.com/Abyssinia Bank Sacks President, Loses Dep’t Managers.htmMon, 16 Feb 2009 00:00:00 +0300The government of Djibouti has inaugurated the new and modern container terminal at the Port of Doraleh almost two months after it was originally meant to be opened for service in December 2008. http://www.addisfortune.com/Djibouti Opens New Terminal, Boreh, Ethiopia Conspicuously Absent.htmMon, 16 Feb 2009 00:00:00 +0300Nearly three months after the African Development Bank (AfDB) launched the private sector financing scheme in Ethiopia, not a single investor has approached the bank for financial assistance, officials at the bank disclosed. http://www.addisfortune.com/Private Sector Slights African Bank Finance.htmMon, 16 Feb 2009 00:00:00 +0300Having acquired its operational license from the Insurance Supervision Department of the National Bank of Ethiopia (NBE) early last week, the insurance company opened its doors for business last Tuesday, February 10, 2009, exactly a year after it was established. http://www.addisfortune.com/Public Enterprises Waltz with Insurance Debutante as New Firm Opens.htmMon, 16 Feb 2009 00:00:00 +0300Prompted by the more than 33.3pc increase in the retail price of soft drinks produced by the East African Bottling S.C. nearly two weeks ago, the Adama Trade Registration and Monitoring Department is taking measures against those it alleges are responsible for the price hike. http://www.addisfortune.com/Adama, Soft Drinks Scarcity Shoots Price up.htmMon, 16 Feb 2009 00:00:00 +0300Nib International Bank (NIB) elected Dembel Balcha (PhD) and Belay Weldeyes (PhD) as board chairman and vice chairman, respectively, last Tuesday, February 1o, 2009. This follows the formation of the new Board of Directors about three months ago. http://www.addisfortune.com/New Blood to Pump Nib Bank Board.htmMon, 16 Feb 2009 00:00:00 +0300The Privatization and Public Enterprises Supervisory Agency (PPESA) last Tuesday announced a public tender to privatize 12 public enterprises, some of which are being put up for the same auction more than once. http://www.addisfortune.com/Privatization Agency Struggles to Jettison Public Companies.htmMon, 16 Feb 2009 00:00:00 +0300Abel Hailemariam, 23, is a 10 +3 graduate in Machine Operation. Last Thursday, February 12, 2009, he was busy choosing gifts to buy his girlfriend for Valentine’s Day. Accompanied by one of his friends, Abel was choosing flowers and postcards at California Flower Shop around Flamingo on Africa Avenue (Bole Road). http://www.addisfortune.com/Valentines Day-Saying it with Roses.htmMon, 16 Feb 2009 00:00:00 +0300Absence of a stock market in Ethiopia holds back US investors from making Ethiopia their prime choice of invest destination in the financial, agri-business and real estate sectors, stockbrokers from New York disclosed. http://www.addisfortune.com/Stock Exchange Catalyst to Investment, US Financial Experts Say.htmMon, 16 Feb 2009 00:00:00 +0300Ethiopia is an investment-friendly country with a stable-macro-economic environment. Its monetary policies have played a significant role in creating an enabling climate to addressing the needs of the public, assisting the economic activities and attracting investors. Ethiopia has been taking apt measures to improving the investment policy of the country with the aim to promoting sustainable economic development. http://www.Addismillennium.comMon, 16 Feb 2009 00:00:00 +0300From the sun-scorched reaches of the Danakil Depression to the shimmering string of beautiful Rift Valley lakes, Ethiopia is a land of wonder and enchantment. Ethiopia is a tourist paradise reflects the diverse faces of the country’s cultures, landscapes, and wildlife. Ethiopia is the epitome of the entire sub-Sahara ecosystem where rare indigenous animals roam free, birdlife abounds and colorful wild flowers and native plants carpet the land. http://www.Addismillennium.com/aboutethiopia.htmMon, 16 Feb 2009 00:00:00 +0300Walk the World has, in a few short years, become the United Nations World Food Programme’s foremost, global advocacy event. Walk the World is part of a larger advocacy and fundraising WFP corporate strategy consistent with WFP’s commitment to end child hunger and the United Nation’s Millennium Development Goal to halve hunger by 2015.http://www.walkethiopia2008.orgMon, 16 Feb 2009 00:00:00 +0300Find out about all the Entertainment news From Addis Fortunehttp://www.addisfortune.com/Fortune_Entertainment_news.htmMon, 16 Feb 2009 00:00:00 +0300All the Brief News Articles from various papershttp://www.addisfortune.com/newsinbrief.htmMon, 16 Feb 2009 00:00:00 +0300Get all the Previous Volums of the News paperhttp://www.addisfortune.com/Addis_ Fortune Archive.htmMon, 16 Feb 2009 00:00:00 +0300