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Cement Factories Team Up on Coal Purchases |
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Following the government directive for cement
factories to first use pet coke, and later coal, as
alternative sources of energy, Messebo Cement
Factory and National Cement SC have jointly imported
41,000tn of coal, at a cost of around 7.6 million
dollars from South Africa.
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Commercial Bank Auctions off Mam Trading Assets |
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The Federal Supreme Court has issued an order to
freeze 11 million Br worth of Mam Trading Plc’s
assets which are to be auctioned by the Commercial
Bank of Ethiopia (CBE).
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Anti-Corruption Commission to Sweep across Nation |
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The Federal Ethics and Anti Corruption Commission (FEAC)
is to conduct the second national baseline
corruption survey at a cost of 7.9 million Br in
this fiscal year. |
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Libya Oil Warms up to Settlement with Tax Auth. |
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Abdulsalah Yuneus, the United Kingdom (UK) based
general manager of Libya Oil Ethiopia, has requested
an arbitration settlement on the condition that
Ethiopian Revenues and Customs Authority (ERCA)
removes the interest and penalties, senior officials
told Fortune.
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Agency Privatises 25 Worth 63.6bn Br |
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The Privatization and Public Enterprises Supervising
Agency (PPESA) transferred 25 enterprises worth 63.6
billion Br during the 2010/11 fiscal year, while it
has received 2.6 billion Br profit before taxes from
the sale of products and services from the
enterprises it administers.
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| Agenda |
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For the past seven years, the Tax Authority used to
accept the income... |
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Editor's Note |
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The string of challenges that Addis Abeba
has faced in its 125 year history |
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Read More |
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Commentary |
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Drought and famine are continuously recurring
phenomenon, and yet the world still struggles to
address these challenges. |
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Read More |
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| Opinion |
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The name of the café that people frequent tells a
lot about them. In a city where social status is
reconstructed on ever changing rhetoric, cafés play
a similar role in determining status as Ivy League
degrees. |
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Read More |
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"These
are not professionals. These are loyalists who do not want to get out of their
Toyota Land Cruisers.
" |
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Eyob Tesfaye (PhD), macroeconomist, who served as head of the
Public Financial Institutions Supervising Agency, responded to
an inquiry about the justifications of those economists who
claim that inflation in Ethiopia is not a monetary phenomenon
but an imported one, in an interview with the Amharic
Reporter, Sunday, July 24, 2011. |
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Concerns, being raised over BGI recently buying 25pc
of Raya Brewery’s shares, are praiseworthy. The
observations of the loopholes of the proclamation
that deal with trade practice and consumer
protection are useful. Yet, some aspects of the
reflection need to be qualified.
Read
More |
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Perhaps for the first time in modern history, the
future of the global economy lies in the hands of
poor countries. The developed world struggles on as
wounded giant, a casualty of its financial excesses
and political paralysis. It seem condemned by its
heavy debt burdens to years of stagnation or slow
growth, widening inequality, and possible social
strife.Read
More |
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Viewpoint |
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Many argue that politics is the art of possibilities. But it has
become the art of the impossible in the Ethiopian context. |
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The Fine Line |
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Revolutionary Democrats rule this country by as much
luck as they do so by design, gossip observed. |
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Out and About |
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Sellers
of sambusas, the deep-fried dough triangles filled
with,... |
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