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Published On Jan 29, 2012 |
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Controversial Karuturi to Go Public, Here |
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Karuturi Agro Products Plc, part of holding company
Karuturi Glolabal Ltd, is planning to go public,
floating 200,000 shares worth 1,000 Br each to local
investors, once it gets the nod from its board of
directors. The shares will be short-term, with a
guaranteed annual return of 10pc in dividends.
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Ethiopia Hopes to Launch Construction of Three New Dams |
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Senior ministers at the Ministry of Water & Energy (MoWE)
are planning to carryout feasibility studies on
three additional hydropower plants to be built in
the basin of the Abay (Blue Nile) River, whose
combined power generation capacity is projected to
be larger than the Grand Renaissance Dam, Fortune
learnt. |
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Banks, Divorcees Exempt from Inclusion in the Lease Regime |
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Plots under historical holdings are exempted from
inclusion in the lease regime when transferred to
third parties during bank foreclosure of
collateralised properties or when assets are divided
between a divorced couple, a draft regulation
authored by the Ministry of Urban Development &
Construction (MUDC) suggests. |
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Coffee Exports Roasted in Turmoil Halve |
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Ethiopia’s flagship export item, coffee, has fallen
into a troubling state of affairs after the nation’s
exporters have failed to pack out even one fourth of
the quantity expected to be sold in this fiscal
year. |
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Debre Markos to Get First High-rise |
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Ambassel Trading House Plc, one of the subsidiary
companies under the umbrella of Endeavour, an
endowment company affiliated with a member of the
ruling coalition, Amhara National Democratic
Movement (ANDM), is to build what will be Derbe
Markos’s first high-rise in the town’s 140-year
history. |
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| Agenda |
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Government officials in charge of clearing the mess
in the land regime... |
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Read More |
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Editor's Note |
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Sitting at the helm of a sprinting economy
is not always blissful. |
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Read More |
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Commentary |
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Rushed privatisation of big public enterprises is
unwise, current economic realities in Ethiopia
rightly show, argues Tsehai Alemayehu - dralem3@gmail.com
- professor of economics and finance at Savannah
State University, US. |
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Read More |
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| Opinion |
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No one would chose to be born and raised amid
poverty and hopelessness, but fate has the final say
in natural selection. Living a life surrounded with
illiteracy, disability, disease, and destitution is
indeed as agonising as standing unarmed on enemy
lines. |
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"Perfection
is impossible." |
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Fasil Nahom (PhD), legal advisor for
Prime Minister Meles Zenawi, noted as such, in explaining the
gap between constitutional provisions and their implementation.
There might be problems in implementation, he admitted in an
exclusive interview with Addis Zemen, an Amharic daily
newspaper, on January 25, 2012. |
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Human beings are uniquely endowed with an ability to look back
and analyse times with a keen interest to learn the results of
their actions and explain why things happened. Sensitivity for
the times and the ability to associate them with major events
that took place in the past is a typical human behaviour.
Read
More |
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Agriculture is now and, even in the future, the most
important sector. Since the global food crisis of 2008, the
sector has been subject to serious attention around policy
and has triggered processes that have influenced
agricultural development, both negatively...
Read
More |
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Viewpoint |
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The problems with the euro are the same problems
that the world economy used to have with gold.
Ironically,... |
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The Fine Line |
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Sceptics who still maintain that Meles Zenawi will
possibly continue his residence in Menilek Palace up
in Arat Kilo, after his current ... |
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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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