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Central
Bank to Order New Notes Worth 52b Br |
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A committee of five under the National Bank of Ethiopia (NBE) has
accepted offers from three European companies last
week, in response to its desire to print Birr notes,
disclosed sources. |
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DBE
Guarantees Credit of 350ml Br for Cotton Growers |
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Cotton growers are soon to gain access to a portion of up to 350
million Br credit made available by the Commercial
Bank of Ethiopia (CBE) and the Construction and
Business Bank (CBB) for the harvest season that
starts in two weeks. |
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PM Wants
Less Capital for New Corporation than Proposed |
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The Council of Ministers is soon to pass a directive that will
establish yet another mega corporation in the state
domain: The Ethiopian Shipping & Logistics S.C.,
sources disclosed to Fortune. |
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Quick
Drying Cement on the Way to Gibe III |
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The first shipment of 10,000tn of slag-cement mixed with fly ash out of
150,000tn to be used for the foundation work of Gibe
III dam bought at a cost of around 12.3 million
dollars from Italy is to arrive by the end of this
month. |
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CBO
Board to Recommend 27pc in Earning Per Share |
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The board of Cooperative Bank of Oromia (CBO) is to recommend 16.5
million Br out of the 35. 6 million Br net profit,
after tax and deduction for legal reserves for the
just ended fiscal year [unaudited] to be paid in
dividends. This will mean a 27.o5pc in Earnings Per
Share (EPS) to its shareholders. |
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| Agenda |
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The enthusiasm of shop vendors and the vibrant
nature of Shola Market were... |
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Read More |
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Editor's Note |
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The parallel existence of markets and states
had ever been contentious. |
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Read More |
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Commentary |
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Administrative interpretation of the private
organization employees’ social security law would
open a legal debate. It would even be risky in the
implementation process, ... |
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| Opinion |
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Not good at remembering things, especially detailed
ones, I would always grapple with myself to write
about the past. Not this year, though. |
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Read More |
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"We
think that it is a Superb result" |
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Yilma Berta (Phd.), coach for the Ethiopian national athletics
team, said this in speaking about the result that the team
achieved at the 13th world athletics championship, held in
Daegu, South Korea, between August 24 and September 4, 2011. The
national team brought home one gold and four bronze medals,
which sport devotees claim is disappointing. Yilma made the
comment in an interview with Addis Zemen, on August 8,
2011. |
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With the coming to an end tomorrow, September 12,
2011, of the current Ethiopian year, reflecting on
the state of affairs of the nation is warranted for
obvious reasons. Leafing through the front pages of
this newspaper - to see and re-report what has been
going on in this country during the concluding year
- was exciting and quiet an experience, reports
AYENEW HAILESELASSIE, Special to Fortune. So much
has happened here during the year, it has indeed
been quiet a roller-coaster ride.Read
More |
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World economic leaders need to rebalance their
thinking as well as their economies. Fiscal and
monetary policies have dominated, which makes sense
to a degree that decisions on deficits and debt may
well determine whether the global economy slides
deeper into danger, or begins the long climb back.Read
More |
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Viewpoint |
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The Arab Spring was a revelation to most people around the world. No
one thought these enduring autocrats who governed with an iron fist
would be deposed of as easily as they were. |
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The Fine Line |
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Originally, it might not have been part of the
equation. Later on though, it was perhaps a Godsend
opportunity for the Revolutionary Democrats in their
quest to galvanize... |
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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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