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Drought, Inflation Force Gov't into $ 94m Wheat Buy

The Ethiopian Grain Trade Enterprise (EGTE) has signed a 94 million dollar contract with Agrimpex Company Limited for the supply of 300,000tn of milling wheat two weeks ago, sources disclosed to Fortune.

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Labour Board Summons CEO over ET Dispute

The Federal Labour Affairs Board has extended the hearings in a labour dispute between the Ethiopian Airlines Basic Labour Union and management by an additional week to allow for further negotiation between the two parties, a decision made in a hearing held on August 12, 2011.

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Addis Abeba Hopes to Host Digital Summit

The 10th annual Innovation Africa Digital Summit will be held in Addis Abeba from March 27 to 29, 2012, according to the Ministry of Communication and Information Technology (MCIT).

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Twin Leather Institutes, Twine Knowledge, Raw materials

The Central Leather Research Institute (CLRI) in collaboration with Footwear Design and Development Institute (FDDI) is to start on a twining programme for the Leather Industry Development Institute (LIDI) of Ethiopia as of August 15, 2011, following the submission of the proposal on August 6, 2011. 

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Petroleum Enterprise to Import South African Coal

The Ethiopian Petroleum Enterprise (EPE) is to import coal from South Africa with the aim of securing a sustainable supply of coal as an alternative source of energy for cement factories in Ethiopia, Fortune has learnt.

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Agenda    

Downpours during the kiremt season keeps the city drenched, yet...

 
   

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Editor's Note  

An ever growing technological advance in the transportation...

 
   

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Commentary  

Confidence in Development Bank bonds can be achieved by experimenting with a rearrangement of existing economic organisation coupled with...

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Opinion  

The colour of Addis Abeba is increasingly mixed. Dressing to impress has become the trend, while peculiarity in fashion uplifts status. Despite the supremacy of conservative social values, freedom and individual expression are increasing. Diversity became the apex of radiance.

   

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Radar and Caption    
  Radar articles... and Photo Caption  
 

"It seems that the time has come when the taxpayer will have to know that spending at will is not their right."

Girma Seifu, sole opposition Member of Parliament, commented on the need for businesses to keep proper records of transactions to prevent unnecessary taxes from being levied on them. Girma’s comment came from an opinion piece in Fenote Netsanet on August 9, 2011.

 
 
 
 
 
 
 
 
 
 
 

Wise Borrowing Evades Downgrading

In the 17th and 18th century, some European powers, like Spain and France, lost their dominance and external power as a result of debt. Similarly, Khedive Ismail, an Egyptian ruler, borrowed huge sums of money from European banks to modernise his country and to finance his dream of controlling the source of the Blue Nile in Ethiopia in the 19th century.Read More

 

Future Global Growth, Convergent

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

 
 
Viewpoint

Chronic poverty, high food prices and economic crises have led to a sharp increase in the number of hungry people in the Horn...

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The Fine Line

Long after macroeconomic policymakers declared "Mission Accomplished" in arresting the tide of inflation, sceptics were reluctant...

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Out and About
 

Sellers of sambusas, the deep-fried dough triangles filled with,...

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