|
|
| |
|
|
| |
|
|
| |
|
|
| |
| |
|
|
| |
|
|
| |
|
|
|
|
|
Subscribe |
|
 |
|
News
Feed |
|
|
|
|
|
|
|
Column
Feed |
|
 |
|
Facebook |
 |
|
Twitter |
|
|
|
 |
|
|
|
|
|
|
|
Share |
|
|
|
|
|
Raya Cancels Old Understanding Looks to New
Direction for Turnkey |
 |
|
It was a joyous occasion for founders of Raya
Brewery Eyessuswork Zafu (far left), Tsadikan G.
Tensae (Lt Gen) (left) and Yemane (Jamica) Kidane
(far right) as they sign a document with JN Blavier,
CEO of BGI Ethiopia, for the sale of 75 million Br
worth of equity in Raya. They all have reason to be
happy as this agreement, which makes BGI the biggest
shareholder with 25pc stake, brings the subscribed
capital to 217.5 million Br, a few millions short of
their target of a quarter of a billion Br.Find
Out More Here. |
|
|
|
NEWS |
|
|
|
|
|
|
|
|
Mugher, Messebo Ask Gov’t to Stop Importing Cement |
|
|
|
Mugar Cement and Messobo Cement factories have sent
letters to the Ministry of Finance & Economic
Development (MoFED) requesting that the government
hold import of cement claiming they can produce
enough to meet its demand. |
|
|
|
|
|
|
|
Awash Bank Shuns Court Case during Assembly |
|
The recent suit brought against Awash International
Bank (AIB) by five shareholders was a taboo at its
16th annual general assembly held on Saturday,
November 16, 2011, at Hilton hotel.
|
|
|
|
|
|
|
|
|
Central Bank to Issue One-year T-bills through Auction |
|
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.
|
|
|
|
|
|
|
Trade Ministry Bans 16 Coffee Exporters from Exchange Floor |
|
The Ministry of Trade has banned 16 coffee exporters
from trading on the trading floor of the Ethiopian
Commodity Exchange (ECX) on Wednesday, November 8,
2011, for failure to have their stocks audited by
it. |
|
|
|
|
|
|
Flower Exports to be in Standard, Uniform Box |
|
A total of five companies have applied to receive
quality certification to produce the corrugated
fibber board boxes set as a standard for packing and
exporting cut by the Ethiopian Conformity Assessment
Enterprise (ECAE). |
|
|
|
|
|
|
Import of 450,000tn Fertilizer to Arrive Next Week |
|
A shipment of 450,000tn fertilizer supplied by
Amropa – Ag, a Swiss based company, and Indiargo for
264.8 million dollars is to arrive next week. Out of
this 250,000tn is Urea and the remaining Dap. |
|
|
|
|
|
|
|
Mapping Agency to Prepare National Cadastral Map |
|
In an effort to prepare a national cadastral map,
the Ethiopian Mapping Agency (EMA) put out an
invitation on Tuesday, November 15, 2011, for
companies to conduct aerial photography in digital
format and photogrammetric processing in preparation
of a base map of the country. |
|
|
|
|
|
|
|
Global Insurance Pays 4m Br for Automatic Inspection
Facility |
|
Global Insurance Company (GIC) has acquired a
4,182sqm plot in Akaki Kality District for eight
million Br to install automatic vehicle inspection
machine an commence its service in the two months.
|
|
|
|
|
|
|
Dashen to Pay 104m Br for Two Branches |
|
Dashen Bank signed two agreements worth 103.5
million Br with two companies for the construction
of branch offices in Gondar, 738km north of the
capital in Amhara Regional State, and in Dire Dawa,
515km east of the capital, on November 10, 2011.
|
|
|
|
|
|
|
|
|
DMC Ordered to Pay 11.6m Br for to Two Oil Companies |
|
DMC Construction Plc has been ordered to pay 11.7
million Br by the Federal High Court Ninth Civil
Bench in the past two weeks after it lost two suits
brought against it by the National Oil Company (NOC)
and Liby Oil for issuing a cheque that bounced.
|
|
|
|
|
|
|
|
Banks to Offer up to 2.7b Br Equity in Five Years |
|
Following the directive by the central bank that
raised the required threshold capital of banks to
half a billion Br, the market is soon to be flooded
with up to 2.3 million shares for existing banks,
worth 2.7 billion Br in all. This is half of the
total paid-up capital that private commercial banks
have accumulated since the liberalisation of the
financial sector in 1991. |
|
|
|
|
|
|
|
Decade-long Suit of NBE Ends with First Bank Liquidation |
|
The first liquidation of a private commercial bank
in Ethiopia is to occur, following the ruling of the
Federal High Court Ninth Civil Bench in a suit
brought by the central bank against Horn
International Bank (HIB). |
|
|
|
|
|
|
|
/FEATURE
Water Relief
|
|
 |
|
Finally, the thirsty town of historic Harer has got water,
after its residents waited for almost a decade. Yet, some
part of the town is bound to wait for even longer due to
lack of transmission pipelines... |
|
|
|
|
|
|
|
|
|
/FEATURE
Palm Oil
In
Abundance not stirring Consumers with Low Income |
|
 |
|
Palm oil supply and distribution controlled by the
government which subsidizes it is in abundance. However, the
availability of the cooking oil only in larger containers of
20- and 25-litre containers is leaving low income consumers
raw... |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| |
| |
|
|
