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News
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Column
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Gov’t to Expend $77m for Additional Wheat
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The letter of credit (L/C) for this import, to be
procured from a London based company, was opened
last week at the state-owned Commercial Bank of
Ethiopia (CBE), and on behalf of the Ethiopian Grain
Trade Enterprise (EGTE), a federal agency
responsible for the stabilization of the domestic
grain market. |
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Awash Bank All Set for Adama Branch's New Building |
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After finalizing the design work, Awash
International Bank (AIB) - the first private bank to
enter the industry in Ethiopia - has floated a
tender for the construction of an eight-storey
building to house its branch in Adama (Nazareth)
town of the Oromia Regional State. |
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Power Dearth Extends to Transformers |
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The global financial crisis and the resultant
production cut in emerging economies, compounded by
the foreign reserve crunch in Ethiopia, has
threatened the supply of power transformers by state
power utility, the Ethiopian Electric Power
Corporation (EEPCo). |
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New State Bank Recruits Undergo Fiscal Training |
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State owned financial institutions, with the
exception of the Commercial Bank of Ethiopia (CBE),
are giving three months practical and extensive
training to some of their newly recruited employees,
sources disclosed. |
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| Agenda |
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Though not as concerned about power generation
related issues as.... |
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Editor's Note |
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The first Chamber of Commerce in the world
was founded in Marseilles, France,... |
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Economic
Commentary |
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This is not particularly the
heyday for economists and their discipline. The global financial meltdown, and
the subsequent recession many countries are suffering from provoked questions as
to whether or not economics is a trade that is still relevant. Dani Rodrik,
professor of Political Economy at Harvard University, argues that what is wrong
is not economic,s but the economists themselves. |
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| Opinion |
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It is often forgotten that the government of any
country has but a few genuine responsibilities.
These are more or less exhausted by the adoption of
precautions to protect and promote public health; to
maintain civil order and justice before the law for
everyone; and to preserve territorial sovereignty.
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| Gossip |
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Since its opening 11 years ago, guests at Sheraton
Addis had to spend the night on Thursday in complete
darkness. The five-star luxury hotel had no electric
power beginning 11:00pm until 4:00pm the following
day. |
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VERBATIM |
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"Whatever
measure is taken against Birtukan would be considered as one taken against the
party." |
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Hailu Araya (PhD), vice
president and head of Public Relations with Unity for Democracy
and Justice (UDJ) was quoted by the Saturday English weekly,
The Reporter on March 07, 2009. He said this in response to
a question asked if he had earlier said to one of the local
medias that Birtukan's case is her own personal issue, and
nothing to do with the party. He said that he had never made
such a statement. |
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The way the government handled the construction and
management of the 13 universities has been
considered murky by some in the industry, who
especially complained about the process by which the
local firm co-managing the project with GTZ was
selected. But Stefan Helming, ..... |
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Establishing
companies by raising capital through public equities has been in
the boom in Ethiopia’s business milieu, especially since mid
2008. Though the trend has been there for more than a decade
after the first private banks started to popup through the same
mechanism of raising capital, never have public equity offers
been as many as the past one year.
Nassissie Girma, Fortune
Staff Writer, compiled a brief profile of some among the
10 share companies that have mushroomed one after another, but
are still raising equities.Share
Companies |
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View Point |
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Being an
Ethiopian taxi driver in Washington DC, Mekbeb takes great
pride in his profession, which allows him to meet the
monthly expenses of keeping his family going in the city. He
even manages a little extra..... |
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Life Matters |
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When the government reinstated the life in prison
sentence put on Birtukan Midekssa, chairperson...
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View From Arada |
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My
generation grew up in an environment where we had sour
relationships with students coming to schoo..... |
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