http://www.addisfortune.com/index.htm Addisfortune is the Largest English Weekly in Ethiopia.In this RSS Feed You Will find the top Stories of the week. http://blogs.law.harvard.edu/tech/rss Jitbit RSS Feed Creator Mon, 13 Feb 2012 00:00:00 +0300 Unlike at other times, the six-month performance report presented to Parliament by Prime Minister Meles Zenawi on Wednesday, February 8, 2012, was less about the economy than about politics. As silent as it may be on economic matters, however, the report did announce a rather historic government budget deficit, amounting to only 941 million Br, for the first half of the fiscal year. No matter how incomprehensible it could be to economic gurus in the country, the report has shown that the government has managed to reduce the deficit to the lowest level in recent history with government revenue standing at 45.2 billion Br and expenditures, excluding projects being undertaken by external loans and grants, leveling at 46.1 billion Br. Noting that the government foresaw running a budget hole of 17.2 billion Br in the fiscal year, from which 10.6 billion Br had to be gathered from local sources, the announcement has confused many economists. http://www.addisfortune.com/addisfortunenews.htm Mon, 13 Feb 2012 00:00:00 +0300 The state-owned Commercial Bank of Ethiopia (CBE) will soon buy close to 420 automatic teller machines (ATMs) and 600,000 electronic payment cards, estimated to cost the nation’s largest bank an investment of over 100 million Br. http://www.addisfortune.com/CBE to Claim Lead on IT Front, Investing over 100m Br.htm Mon, 13 Feb 2012 00:00:00 +0300 Zemen Bank has joined the pool of domestic banks, including Wegagen, Dashen, and the Commercial Bank of Ethiopia (CBE), in offering Visa card services at its automated teller machines (ATMs). http://www.addisfortune.com/Zemen Bank Joins Visa Card Network.htm Mon, 13 Feb 2012 00:00:00 +0300 In a bid to foster regional trade between Ethiopia and its neighbours, the African Development Bank (AfDB) has given a 234.5 million-dollar loan to the Ethiopian government for the upgrading and reconstruction of two roads to enable the county to connect with two of its neighbours. http://www.addisfortune.com/African Dev. Bank Signs 234.5m Br Loan for Roads to Neighbours.htm Mon, 13 Feb 2012 00:00:00 +0300 The tax authority’s drive to coral as many businesses as exist across the nation has gained little momentum in the eastern part of Addis Abeba. Despite mandatory requirements by the East Shoa Zone Customs & Revenues Bureau that around 1,151 identified businesses in Adama (Nazareth), Dukem, and Bishoftu (Debre Zeit) towns register for value-added tax (VAT) and start using cash registers, only 28.3pc of them have complied as of mid-January 2012. http://www.addisfortune.com/East Shoa Zone Sluggish to Comply with VAT.htm Mon, 13 Feb 2012 00:00:00 +0300 The topmost position at Total Ethiopia, the longest surviving oil company in the country, saw a change of hands last week. Marc De Lataillade replaced Antoine Tournand, who completed his tenure in Ethiopia, after two and half years of service. http://www.addisfortune.com/Departing, Incoming Local Bosses: Total Here to Stay.htm Mon, 13 Feb 2012 00:00:00 +0300 The Federal Supreme Court reopened the litigation between the Privatisation & Public Enterprises Supervising Agency (PPESA) and United Africa Group (UAG), which it had previously closed after both the defendant and the plaintiff failed to appear in court hearings. http://www.addisfortune.com/Supreme Court Reopens Hotel Case of Diaspora, Privatisation Agency.htm Mon, 13 Feb 2012 00:00:00 +0300 For a man of 71 years, Tekle Alemenh has lately been quite familiar with controversies in his role in the banking industry. Nonetheless, his earlier years were far from debut in the finance industry, considering his humble beginnings in Asmara, Eritrea. He was a mathematics teacher for three years, after he completed teachers’ training in the same town where he was born from a family that moved to Asmara, for work. He moved to Addis Abeba as a young man, where he graduated from what was then Haile Selassie I University, in accounting, in 1987. http://www.addisfortune.com/INTERVIEW-TWO FACES OF FRIENDSHIP.htm Mon, 13 Feb 2012 00:00:00 +0300 Legal and financial troubles are yet to end for Ethio Ventures Limited Apex Bottling Plc, a pioneer in the water bottling industry with its popular brand, Highland Springs. The height of its fallout with many, including its employees came two weeks, ago after the Addis Abeba City Administration’s Labour Board issued an arrest warrant of three of the company’s shareholders, Yidnekachew Berhane, Micheal Berhane, and Ermias Amelga. http://www.addisfortune.com/Highland Bottler, Apex, Faces Mounting Legal Troubles.htm Mon, 13 Feb 2012 00:00:00 +0300 Many businesses may not be pleased with the aggressive drive that the taxman has in meeting a rather ambitious revenues mobilisation target. Nonetheless, some of its rules laid out to help it achieve this can only cheer authorised accountants in an emerging and burgeoning industry, discovers... http://www.addisfortune.com/Feature-Profit in Taxmans Wake.htm Mon, 13 Feb 2012 00:00:00 +0300 With the emergence of a new class of Addis Abebans who have suburban luxurious villas, including the number of real estate properties, there emerges a new set of businesses that has never been taken seriously. A young breed of landscape designers are not only beautifying these homes, they are also making a good living out of it, discovers HADRA AHMED, FORTUNE STAFF WRITER. http://www.addisfortune.com/Traditional Gardening Morphs into Competing Landscape Design Business.htmMon, 13 Feb 2012 00:00:00 +0300Exemplifying the urban facelift that Addis Abeba is experiencing, a place once known as Five Doors, in Kazanchis area, welcomes the official arrival of its newest neighbour. Radisson Blu Hotel, a chain owned by one of the largest international hotel groups, has opened its doors in time to welcome participants of the AU conference taking place next week, writes ELLENI ARAYA, FORTUNE STAFF WRITER. http://www.addisfortune.com/Sleek New International Hotel Makes Efficient Use of Smaller Plot.htmMon, 13 Feb 2012 00:00:00 +0300 Find out about all the Entertainment news From Addis Fortune http://www.addisfortune.com/Fortune_Entertainment_news.htm Mon, 13 Feb 2012 00:00:00 +0300 All the Brief News Articles from various papers http://www.addisfortune.com/newsinbrief.htm Mon, 13 Feb 2012 00:00:00 +0300 Get all the Previous Volums of the News paper http://www.addisfortune.com/Addis_ Fortune Archive.htm Mon, 13 Feb 2012 00:00:00 +0300