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Gov’t to Take over Imported Palm Oil |
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The Ministry of Trade (MoT) has decided to collect
all the edible palm oil from importers who ordered
supplies from abroad at higher prices due to the
international price increment, during a closed
meeting with importers on Friday, March 25, 2011. |
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Prosecutors Charge Former AIB President |
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Leikun Brehanu, former president of Awash
International Bank (AIB) SC; Mitiku Abeshu, former
vice president of international banking at AIB; and
eight other former bank employees in managerial,
sales, and secretarial positions have been charged
with mishandling letters of credit (LCs) and abusing
their authority as bank employees. |
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UK Leather Firm Plans Addis Factory |
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Pittards Plc, a UK leather and leather products
company, plans to open a factory in Addis Abeba that
will produce industrial gloves and is expected to
start production by August 2011, according to John
Moriarty, managing director of Ethiopian Tannery SC,
the local subsidiary of Pittards. |
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Tax Auth. Limits Sales Register Software to 3 Developers |
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The Ethiopian Revenues and Customs Authority (ERCA)
has instructed all sales register users to reinstall
the software for their fiscal printers using only
software developed by three companies certified by
the authority, before April 8, 2011. |
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Dev’t Bank Sells 24m Br Worth of Gov’t Bonds
in 2 Weeks |
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Development Bank of Ethiopia (DBE) has sold a total
of 24 million Br worth of bonds in the first two
weeks of their being made available for sale. |
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| Agenda |
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The national sugar shortage seen over the past two
weeks has alarmed ... |
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Editor's Note |
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Fundamental
economics states that scarcity leads to
efficiency. |
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Commentary |
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Ethiopia’s economy is becoming increasingly complex
and dealing with its macroeconomic turmoil is no
longer business as usual, ... |
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| Opinion |
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People frequently ask
where the next big speculative bubble is likely to
be. |
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