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Jean
Ping (left), chairman of the African Union
Commission (AUC), greets Hailemariam Desalegn,
deputy prime minister and minster of Foreign Affairs
(MoFA), on Thursday, January 27, 2011, at the
commission’s headquarters, located on Roosevelt
Street in Sarbet. Last week, Hailemariam attended
his first continental summit, accompanied by his
deputy, Brehane Gebrekirstos (right), state minister
for (MoFA). Prime Minster Meles Zenawi invited
attending heads of state and their foreign ministers
to a banquet dinner, on Sunday. French President
Nicolas Sarkozy, the guest of honour, is expected to
address the summit on Monday.
The summit is meant to discuss the unity and
integration of Africa through shared values. Member
states have proposed 13 additional agenda items for
the summit. The item proposed by Namibia, on
decision-making processes, the lack of
implementation of decisions, and the need to uphold
and respect the integrity of decisions taken at the
summit, was cosponsored by the largest number of
countries, including Angola, Botswana, Lesotho,
Malawi, Mauritius, Mozambique, South Africa,
Swaziland, Tanzania, Zambia, Zimbabwe, and the host
country, Ethiopia. Although Egypt has proposed an
agenda item for the establishment of an AU Centre
for Post Conflict Reconstruction and Development,
its delegates cut their visit short to return to
Cairo, on Friday night, reliable sources disclosed
to Fortune. President Hosni Mubarak was scheduled to
attend the summit in Addis Abeba for the first time
since an attempt on his life, in 1995, hoping to
convene a side meeting with heads of state from the
Nile Basin countries, diplomatic sources disclosed
to Fortune. However, turmoil in Egypt entered into
its third day, on Friday, and did not abate even
after Mubarak addressed the nation. The unrest
continued to claim the lives of four people due to a
clash with police forces, and the arrests of over
1,000 people, by press time on Saturday morning. |
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NEWS |
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Development Bank to Offer Citizens Gov’t Bonds |
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The
state owned Development Bank of Ethiopia (DBE) will
soon offer members of the public 200 million Br
worth of government saving bonds, each denominated
between 500 Br and 100,000 Br, according to Esayas
Bahiru, president of DBE. |
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Attempt
to Withdraw 14.8m Br from NBE Lands Woman, Three in Jail |
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Federal
investigators arrested a woman, whose name remains
undisclosed, and two junior staff members of
National Bank of Ethiopia (NBE) last week, following
an alleged attempt by the first to withdraw close to
14.8 million Br (900,000 dollars) by allegedly using
forged documents, reliable sources disclosed to
Fortune. |
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City
Allows Access, 14 Developers Back to Building |
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The Addis Abeba City
Municipality has lifted the suspension it had
imposed on the construction of 15 commercial and
residential real estates in Meri Loki, in front of
CMC, after a five-month interruption. |
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Home
Buyers Sue May Real Estate |
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A civil suit has been
instituted against May Real Estate Development Plc,
in the Federal High Court, Eighth Civil Bench, on
January 21, 2011, by 28 home buyers residing in
Ethiopia and the US for failing to deliver homes
within the agreed time, and jacking up the cost of
the units. |
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Taskforce Intercepts Largest Contraband Cargo from Camels’
Backs |
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Law
enforcement agencies, last week, intercepted
contraband clothes packed in 60 bundles while
allegedly being smuggled into the country on the
backs of 30 camels. These packages were caught near
the town of Qobo, 659km north of Addis Abeba, in
Wello Zone, Amhara Regional State.
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Police
Investigates to Determine Driver in Pakistani, Friend Deaths |
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Federal
police investigators are probing to identify the
driver of the white Peugeot car, with plate number
2-54536, which drove into a deep trench on a
construction site on Guinea Conakry Street, located
in Kazanchis.
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Harar,
Bedele for Sale |
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The
board of directors of the Privatisation and Public
Enterprises Supervising Agency (PPESA), chaired by
Hailemariam Desalegn, deputy prime minister and
minster of Foreign Affairs (MoFA), decided to put
Harar and Bedele breweries up for auction for the
first time, during their meeting on Wednesday,
January 26, 2011. |
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Housing
Agency Threatens to cancel Deals for Unlawful Deeds |
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The
Government Housing Agency is planning to cancel the
contracts of tenants who it accused of undertaking
illegal construction works in its compounds as well
as letting state owned houses to third parties. |
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High
Court Upholds tax Officers’ Conviction |
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Judges
at the Federal High Court upheld a ruling last week
of a lower court judge who had found three
investigators of the Ethiopian Revenues and Customs
Authority (ERCA) in contempt. |
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Waterworks Enterprise Begins Surveying for New Sugar Dev’t |
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The
state owned Ethiopian Waterworks Design and
Supervision Enterprise (EWDSE) began surveying work
on Kuraz Sugar Development Project earlier this
month, following the singing of a contract with the
Ethiopian Sugar Development Corporation, on December
28, 2010. |
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Five-Storey Night Club Nearing Completion |
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A mega
five-storey night club, NightLine, will soon open in
Bole, near Harmony Hotel, Fortune learned. |
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FEATURE |
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Year
Later Surviving Families of ET409 Crash Remain in Dark
Speculation around the Ethiopian crash continues in the
absence of report
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Family
members of those who perished in Flight ET409 of
Ethiopian Airlines, gathered inside Trinity
Cathedral to commemorate the anniversary of their
tragic losses, on Monday, January 25, 2011. They
remain in the dark about what had really caused the
crash of the Boeing 737-800. |
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