Published On  Nov 13,  2011
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Awash Bank Back in Controversy

It seems yet another controversy is brewing at Awash International Bank (AIB) just as one started a year ago that saw Leikun Berhau fired from the president ship and in legal battle is abating. Five shareholders have sued the bank at Lideta Federal First Instance Summery Procedure Court ahead of its general assembly to be held in the coming weeks.

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Ministry to Sign Exploration Agreement with South West

The Ministry of Mines (MoM) is to sign a Petroleum Production Sharing Agreement with South West Energy (SWE), an Ethiopian company registered in Hong Kong, on concession of Gambella Basin located southwest of Ethiopia.

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Loan Approval of $60m for Bole Stands at Committee

The loan agreement of 60 million dollars with the Export - Import Bank of China for the construction of the road from Meskel Square to Bole Ring Road Roundabout tabled to Parliament on Monday, November 7, 2011, has been sent to the City Development & Construction standing committee for comments. 

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All Round Increase Sees Wegagen top Industry in Paid Up Capital

Wegagen Bank’s increase of 44.7pc in profit after tax saw an increase of Earnings per Share (EPS) by 17.9pc from 380 Br to 448 Br per share in2010/11 fiscal year. Following this announcement, shareholders of the bank ...

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Ministry to Host Electricity Resources Database for Public

Following the completion of the first phase of the Energy Sector Mapping & Database Development (ESMAD), the Ministry of Water & Energy (MoWE) is to install two servers to host the national database and make it available to the public.

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It is madness trying to renew a business licence these days at the Ministry...


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Editor's Note  

Rapid urbanization brought chaos to the streets of Addis...


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Watching the recent parliamentary opening session and the question and answer period with the Prime Minister was interesting though ...

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It is only lately that I started to realize the operations of an economic system. For much of my life, I wondered about what defines the world as it appears.


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Radar and Caption    
  Radar articles... and Photo Caption  

"It was about changing the game."

Eleni Gabre-madhin (PhD), Chief Executive Officer (CEO) of the Ethiopian Commodity Exchange (ECX), said this referring to the political economy of establishing commodity exchanges in Africa, in a closing remark that she made on the continental convention of commodity exchanges, held in Addis Abeba, on November eight and nine, 2011. In responding to a question from a facilitator, Eleni has also noted that she had underestimated the challenge of realizing the exchange at the outset.


Developmental Future Optimistic


As the G-20 meets in France this week, stabilizing the global economy and creating jobs is rightly at the top of their agenda. A real risk, however, is that some of the key G-20 members are considering reducing aid and other investments in growth and development in many of the world’s poorest countries. Read More


Not Too Many To Feed


Around the world, the growth of 200 million children is stunted. That is one-third of all children in the world under the age of five years old. In some African countries, the proportion of children stunted is as high as half the total number. These are shocking statistics. Read More


The Ministry of Justice (MoJ) recently presented for public debate a bill to provide for Licensing and Administration of ...

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The Fine Line

Authorities at the foreign office were quietly managing impending diplomatic fallout with a European Union (EU) member country...

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Out and About

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

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