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Indian Bank Releases Finance for Stalled Sugar Projects |
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A high-level Ethiopian government delegation led by
Girma Birru, minister of Trade and Industry (MoTI)
left for India last Friday to discuss sugar
development projects the latter finances after the
Indian financer released the fund for the project,
knowledgeable sources disclosed. |
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Awash Bank's High Rise Building to Change Gimbi Landscape
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Awash International Bank (AIB) is to construct the
first ever four-storey building in Gimbi Town, West
Wellega Zone of Oromia Regional State, 441 Km west
of Addis to house its first outlying branch.
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CBE Extends S1.8m Lifeline to Coca Cola |
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The Coca Cola bottler in Ethiopia, East Africa
Bottling Share Company (EABSC), is to resume
production within the next two weeks, after the
state owned Commercial Bank of Ethiopia (CBE) agreed
to provide 1.8 million dollars for the import of the
basic raw materials the bottler has run out of,
impeccable sources disclosed. |
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USAID Injects $12m into Rural Micro Finance |
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The United States Agency for International
Development (USAID) last week started a 12 million
dollars worth programme to help rural households
access the micro finance services market in four
regional states under the Productive Safety Net
Programme (PSNP).
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| Agenda |
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The hardest time the factory and its employees, like
Meseret, have ever... |
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Editor's Note |
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The latest appearance of Prime Minister
Meles Zenawi during his .... |
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Economic
Commentary |
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Now that President Obama is
in office, what could be projected? What, that is, might it mean to reconsider
U.S. relations with Ethiopia in ways that align them with the orientations of an
Obama presidency? Donald N. Levine, emeritus professor of University of Chicago,
and author of three books, including the acclaimed "Wax & Gold" and "Greater
Ethiopia" addresses these questions. |
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| Opinion |
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This writing is motivated by Wondwosen Michago’s
thoughtful reflections headlined, “Navigating over
the Nile: Where’s the New Nile Water Agreement”
[Volume 9, Number 462, March 8, 2009]. His
commentary questions whether there is real
cooperation between negotiators of the 10 countries
located alongside the Nile Basin, or whether it is a
futil..... |
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| Gossip |
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Immediately after Bekalu Zeleke was appointed as the
youngest president of the Commercial Bank of
Ethiopia (CBE), he was confronted with a little
nuisance, gossip disclosed. He was summoned by a
court in relation to an employee who had sued the
bank and was subsequently awarded close to 14,000
Br, according to gossip. |
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VERBATIM |
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"I am
deeply disappointed to see such an unethical and unprofessional program that
undermines freedom of expression aired by a radio in a country considered a
symbol of democracy." |
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Lidetu Ayalew,
president of the Ethiopian Democratic Party (EDP) said in a
letter of complaint he wrote to Tizita Belachew, a staff member
of VOA, and copied to VOA Amharic Service, US Embassy in
Ethiopia, and all local media. |
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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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Driving a
taxi is considered an honourable profession by the Ethiopian
women who have taken on this job in Washington DC. These
women are no more challenged ..... |
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Life Matters |
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I
would have loved to come up with a perky upbeat
topic that I could have written on for this.... |
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View From Arada |
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Reading
is an integral part of the acquisition of knowledge, and as
such, in any nation a culture of ..... |
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