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, 05 Mar 2012 00:00:00 +0300 A day after they forced to retirement of their longest serving president, Leulseged Teferi, board of directors of Dashen Bank met the bank's area managers and department heads at the Sheraton Addis on Thursday. Tekle Haile, chairman of the board (middle), and Biruk Debebe (right), board director, were among the senior officials of the Bank tried to do "damage control" from the abrupt decision to let Leulseged go, despite he has been asking to retire for some time. Nonetheless, the content of the letter Leulseged was served on Wednesday was made it obvious that his departure from the largest private bank is not an affair of cordial divorce. Teklu, an old friend of Leulseged, wrote for the latter to “immediately cease to function in his official capacity at the Bank and hand over all documents and properties of the Bank under his possession. http://www.addisfortune.com/addisfortunenews.htm Mon, 05 Mar 2012 00:00:00 +0300 In a bid to realise the government’s plan of boosting the industrial sector, experts at the Ministry of Industry (MoI) are preparing the country’s first bill to regulate the future industrial zones of the country, Fortune has learnt. http://www.addisfortune.com/Bill to Create Industrial Zones Authority.htm Mon, 05 Mar 2012 00:00:00 +0300 A decision by the management of the Ethiopian Airlines’ Cargo Division to launch a service to take horticulture products from farm gates all the way to auctions in Europe, thereby cutting out companies in the middle, has brought fierce resistance from industry operators. http://www.addisfortune.com/Ethiopian Plans to Undercut Go-Betweens in Flower Export.htm Mon, 05 Mar 2012 00:00:00 +0300 Leikun Brehanu, former president of Awash International Bank (AIB), and his co-defendants were all sent back to jail on February 15, 2012, after the Federal High Court’s 11th Criminal Bench upheld a ruling by judges at a lower court. http://www.addisfortune.com/High Court Judge Uphelds Leikun, et el Convictions.htm Mon, 05 Mar 2012 00:00:00 +0300 The recently privatized Tikur Abay Shoes S.C. has installed new machinery worth 1.1 million dollars from DESMA, a Germany company, through the supplier’s local agent, Hi-Tec Company. http://www.addisfortune.com/Eyeing an Export Market, Tikur Abay Set to Manufacture Safety Shoes.htm Mon, 05 Mar 2012 00:00:00 +0300 The iconic upscale business street officially named Africa Avenue but commonly known as Bole Road is finally undergoing rebirth, after years of delays. But, for some, further delays would have been welcome, as the construction process has disrupted businesses via decreased street access, writes Elleni Araya, Fortune Staff Writer. http://www.addisfortune.com/Facelift of Africa Avenue Not Painless Surgery.htm Mon, 05 Mar 2012 00:00:00 +0300 The nation’s tax laws subject taxpayers who fail to let cash register machines in their possession go through annual servicing at suppliers' facilities to penalties. Ironically, the 11 suppliers active in the market do not have either the resources or the organisational capability to deliver within the 48-hours required by the law, discovers Mahelt Mesfin, Fortune Staff Writer. http://www.addisfortune.com/Tax Auth Unhappy with Lack of Cash Register Servicing.htm Mon, 05 Mar 2012 00:00:00 +0300 Senior managers at the Ethiopian Petroleum Enterprise (EPE) are under negotiations with representatives of Progress Gulf for the shipment of 25,000tn of anthracite coal, a top quality coal that has a higher carbon content of up to 98pc and the lowest amount of ash, suitable to power smaller cement plants with vertical furnaces. http://www.addisfortune.com/Progress Gulf Negotiates with Enterprise to Import Coal.htm Mon, 05 Mar 2012 00:00:00 +0300 The criminal proceedings involving a suspect who is accused of siphoning tens of millions of Birr from unsuspecting fans of the last World Cup in South Africa has, once again, been adjourned due to the insufficiency of the number of days to gather material evidence for his defence. http://www.addisfortune.com/Askallukan Defendant Granted More Time Again.htm Mon, 05 Mar 2012 00:00:00 +0300 Uncompetitive export has become the emerging headache of the government. As long as agricultural commodities dominate the exports of the nation, transport costs constitute a large portion of the total export value. Research by the World Bank Group (WBG) puts the average share of transport at 28pc. While it costs 0.07 dollar cents to transport a shirt from Bangkok, Thailand, to New York, the cost of transporting the same shirt from Addis Abeba to New York is 0.11 dollar cents. While it takes 27 days for a Thai exporter to see her goods in the shelves of New York, studies show, it takes five more days for the Ethiopian exporter. It also found that importing goods from the US is cheaper for Djibouti, Algiers, and Beijing than for Ethiopia. http://www.addisfortune.com/Logistics Malaise Regulate Monopolise Not.htm Mon, 05 Mar 2012 00:00:00 +0300 During fasting seasons, fish prices are about as jumpy as a fish out of water. But, as the longest fasting season of the year slogs towards its Easter end, prices of the somewhat controversial fasting food have remained relatively steady, despite some sellers seeing declines in supply, writes YIDNEKACHEW GASHAW, FORTUNE STAFF WRITER. http://www.addisfortune.com/Fish Kitfo among Other Delicacies Resist Price Hikes during Fast.htmMon, 05 Mar 2012 00:00:00 +0300Sebhat Nega, one of the founders of the TPLF and a veteran fighter during the armed struggle, made a statement last week that raised eyebrows around town. If left unchecked, corruption could undermine the nation’s development efforts, although it might not have reached that capability yet, Sebhat warned, serving as a director general for the Ethiopian International Institute for Peace & Development (EIIPD).http://www.addisfortune.com/Corruption Could Undermine Ethiopia’s Dev’t Goals - Sebhat Nega.htmMon, 05 Mar 2012 00:00:00 +0300 Find out about all the Entertainment news From Addis Fortune http://www.addisfortune.com/Fortune_Entertainment_news.htm Mon, 05 Mar 2012 00:00:00 +0300 All the Brief News Articles from various papers http://www.addisfortune.com/newsinbrief.htm Mon, 05 Mar 2012 00:00:00 +0300 Get all the Previous Volums of the News paper http://www.addisfortune.com/Addis_ Fortune Archive.htm Mon, 05 Mar 2012 00:00:00 +0300