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News
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Column
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First Coffee Export Set for
State Grain Firm |
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The state owned Ethiopian Grain Trade Enterprise (EGTE)
is set to begin export of coffee for the first time
in its history of half a century. The first
consignment of its export is being prepared, which
managers say will be shipped out in about a week.
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Federal Court Hands Chinese 15 Yrs Sentence for Customs
Fraud |
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A
federal judge at the First Instance Court sentenced
a Chinese businessman and an Ethiopian customs
officer charged with involvement in customs fraud to
a total of 15 years and 10 years jail term,
respectively. |
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No Immediate Solution to Forex
Crunch: Finance Minister |
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Ethiopia's foreign currency shortage is unlikely to
be resolved anytime soon, the Minister of Finance
and Economic Development disclosed. |
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Foreign Firms Run for
Abyssinia’s 45m Br E-Banking Installation |
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Nine foreign companies are competing for Abyssinia
Bank’s core banking solution installation project
estimated to cost 45 million Br; the project will
lead to the launch of an e-banking system by the
bank, or to Abyssinia joining other banks with the
same ambition. |
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| Agenda |
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For Melaku Fenta in the recent tax move is not
merely an interest in .... |
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Editor's Note |
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If anything is to come out of Ethiopia as a
result of the current global .... |
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Economic
Commentary |
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There are two things the rich
countries need to do in the recovery of the global economy, according to Jeffrey
D. Sachs, professor of Economics and Director of the Earth Institute at Columbia
University. They have to invest in infrastructure projects and spend money to
help the developing world. In this commentary, provided to Fortune by
Project Syndicate, he argues that this helps ... |
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| Opinion |
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An acute foreign exchange shortage continues to
disrupt the Ethiopian economy since last summer. The
phenomenal - though short-lived - business shutdown
by East African Bottling Company that bottles the
most popular beverage, Coca Cola, is a clear
demonstration of the extent of the problem. |
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| Gossip |
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Monsieur
Meles Zenawi wants to leave office, if that is
alright with his party he chaired for over two
decades now. This he has said himself in different
times, forms and ways. The trouble is, he does not
want to abandon the party should he leave office,
and would like to negotiate with the leadership .... |
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"The
good times are over . . . Buyers are edgy; the market is getting tight; and
prices are falling down." |
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Addis
Alemayehou, chief of party for VEGA-Ethiopia told exporters at
the Sheraton on Tuesday, March 31, 2009, on how soon the global
financial meltdown will catch up with Ethiopia. VEGA-Ethiopia is
a USAID supported programme designed to help Ethiopian exports
become competitive in the US market. |
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He may not have been decorated with the highest
national medals in Ethiopia as he was in Guatemala.
But Glenn Andres, country director for Ethiopia of
the United States Agency for International
Development (USAID) will leave with a legacy of
managing the largest aid given to .... |
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Commercial
Bank of Ethiopia ploughed 550 million Br into the expansion of
the two farms for Shewa Sugar factory, which make up the Wake
Tiye Plantation. The plantation is expecting to reap its first
yield of sugar cane in two to three months time.
Find Out More |
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View Point |
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It took
everyone by surprise that a film made on a shoe string
budget by Hollywood standards, a mere 15 million dollars,
got away with the ultimate in awards from Hollywood... |
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Life Matters |
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I
consider myself to be a relatively free person;
there have thus far been... |
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View From Arada |
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At a time
when we are talking of economic renaissance taking place in
the wake of the Ethiopian.... |
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