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Drought, Inflation Force Gov't into $ 94m Wheat Buy |
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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 |
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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 |
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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 |
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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 |
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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 |
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Downpours during the kiremt season keeps the city
drenched, yet... |
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Editor's Note |
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An ever growing technological advance in the
transportation... |
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Read More |
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Commentary |
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Confidence in Development Bank bonds can be achieved
by experimenting with a rearrangement of existing
economic organisation coupled with... |
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| Opinion |
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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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"It
seems that the time has come when the taxpayer will have to know that spending
at will is not their right." |
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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. |
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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 |
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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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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 |
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Long after macroeconomic policymakers declared
"Mission Accomplished" in arresting the tide of
inflation, sceptics were reluctant... |
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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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