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Galloping Inflation May Impede Lifting Lending Caps |
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Subsequent to the release of data on the latest
consumer price index (CPI), which increased by 3.2
percentage points from 14.5pc in December 2010, the
prospect for the government to lift the caps it
imposed on lending has diminished. |
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Quality, Standards Authority Splits in Four |
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The split of the Quality and Standards Authority
(QSA) into four independent bodies coming into
effect on February 1, 2011. |
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May Real Estate Contests 15m Br Claim |
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The claim for 15 million Br in compensation, which
home buyers have instituted against May Real Estate
Development Plc, for the latter’s failure to deliver
houses within the stipulated time and jacking up the
cost of the units, was rejected by the defendant at
the Federal High Court, Eighth Civil Bench, on
Monday, February 7, 2011. |
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Ayat Head Rebuffs Charges Reading 60-Page Defense Statement |
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Ayalew Tessema, major shareholder and board chairman
of Ayat SC, pleaded not guilty to all charges
instituted against him and two colleagues by
prosecutors of the Ethiopian Revenues and Customs
Authority (ERCA), at the Federal High Court, Eighth
Criminal Bench, on Thursday, February 10, 2011. |
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Former ETC CEO’s Future May Not be Prison |
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Tesfaye Birru (PhD), ex CEO of the former Ethiopian
Telecommunications Corporation (ETC), was sentenced
to four years of imprisonment and a 5,000 Br fine
for corruption, by the Federal High Court, First
Criminal Bench, on Friday, February 11, 2011. |
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| Agenda |
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Some of
the former ETC’s employees who have not been
offered.... |
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Editor's Note |
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To wax lyrical, the sun has set on the
spirit of free market enterprise... |
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Commentary |
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The term
“globalisation” first swept the world in the 1990s;
it reached its highpoint of popularity in 2000... |
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| Opinion |
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The UK is linked to Ethiopia with historic ties,
business, friendship, and a wealth of common
interests. |
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"A mechanism for the forest to be secured
should be instituted as Ethiopia’s benefits from carbon trading are more
important." |
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Girma Woldegiorgis,
president, said this in a letter addressed to Tefera Deribew,
minister of Agriculture (MoA), over concerns about the plans of
Verdanta Harvests Plc, an Indian company, to develop a tea
plantation after clearing a natural forest in Gambella Regional
State. This was the first time that the president publicly
articulated views contradicting the administration’s policy,
during his two terms as president.
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Addis Abeba has been hosting delegates and heads of
state for the AU Summit. It is encouraging to see
leaders of Africa discussing issues of continental
importance that accelerate the process of
integration and thereby put Africa in a better
bargaining position in its relations with the
outside
...Read
More |
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The largest US Chancery building
in Sub-Saharan Africa was inaugurated in Addis Abeba
on Monday, January 31, 2011. Lydia Muniz, deputy
director of the Overseas Buildings.. .Read
More |
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View Point |
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The Ethiopian business community is stunned and
outraged. In its most recent meeting with Prime
Minister Meles Zenawi and ... |
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The Fine Line |
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If anyone among the EPRDFites has a special liking
for glossy and modern building complexes, Junadin
Sado, minister ... |
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Out and About |
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Made Doughnut House, located in Beklobet,
behind Global Hotel, reopened... |
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