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Chamber’s Neighbours Halt Building by Order |
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The Addis Abeba City Administration banned
construction of any kind by developers who had
leased land next to the plot of the Addis Abeba
Chamber of Commerce and Sectoral Association (AACCSA)
for the construction of Addis Africa International
Exhibition Centre in front of CMC. |
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Vendor Signs to Install CORE Solutions for CBO |
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One of the few remaining banks not to have chosen a
vendor to implement its centralised, online,
real-time, electronic (CORE) banking solutions,
Cooperative Bank of Oromia (CBO), finally selected
Infrasoft Tech Ltd and signed an agreement with the
company on Wednesday, October 6, 2010. |
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Dev’t Bank Allots 3.4b Br for Industrial Development Loans |
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The management board of the Development Bank of
Ethiopia (DBE) has approved 5.1 billion Br to be
given out in loans this year with the majority of
it, 3.4 billion Br, allotted for development
projects in the industrial sector.
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Ramsay Signs $1.3m Deal for Italian Shoes |
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Following a 1.3 million dollar deal that was signed
with Geox, an Italian shoe and apparel manufacturer,
on July 16, 2010, Ramsay Shoe Factory is to start
production this month for 60,000 pairs of shoes that
are to be shipped from November 31. |
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Habesha Establishes Construction Company |
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Habesha Capital Services Plc (HCS) is to set up
another share company, Habesha Construction
Materials and Development (HCMD) SC, which it plans
to inaugurate during a lunch ceremony at the
Imperial Hotel on this Sunday, October 10, 2010. |
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| Agenda |
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The opening of the fourth parliament last week was
... |
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Editor's Note |
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Whoever felt that the new Parliament was
going to be dull at the announcement... |
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Commentary |
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While
the devaluation of the Birr in itself is not likely to solve the country’s
economic problems, inflation will play an instrumental role in its success over
the next few years and should, as far as possible, be contained, writes Tigabu
Molla Meresa, a student at the University of Oslo, Norway.He can be reached... |
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| Opinion |
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Global capital is on
the move. As ultralow interest rates in industrial
countries send capital around the world in search of
higher yields, a number of central banks in emerging
markets are intervening heavily, buying the foreign
capital inflows and re-exporting them in order to
keep their currencies from appreciating.
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The Fine
Line |
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It is interesting to note that the Ethiopian Peoples’
Revolutionary Democratic Front (EPRDF)ites are tight-lipped this
time around. Last week, they were plotting behind closed doors
on how to position members of ... |
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"I am ready to return to
politics and serve in whatever position Birtukan assigns me." |
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Yacob Hailemariam (PhD),
who had resigned from politics and his party, Unity for
Democracy and Justice (UDJ), said this in the weekly newspaper,
Feteh, published on Friday, October 8, 2010, following the
release after two years of imprisonment of Birtukan Mideksa, the
president of the party, on Wednesday, October 6, after she was
pardoned for the second time. |
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Leaders of the Revolutionary Democrats may sound allergic to
the prospect of what they often describe as “colour
revolution” in Ethiopia, fuelled by “international
neo-liberal forces.” Yet, their convention ...Read
More |
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While safety regulations, such as the use of hardhats on construction
sites exist, the standards found at many
construction sites are often very relaxed. Despite
accidents resulting in anything from back pain to
death, many...Read
More |
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View Point |
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Time is gold, the saying goes. It is hardly possible
to argue against it. Time is, in fact, worth more to
those who make use of it.. |
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The Fine Line |
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It is interesting to note that the Ethiopian Peoples’
Revolutionary Democratic Front (EPRDF)ites are tight-lipped this
time around. Last week, they were plotting behind... |
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View From Arada |
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There was no alternative to taking the taxi bound for La
Gare and Sarris from Piazza to visit .. |
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