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Ethiopia

AAU Awards Four Honorary Doctorates

Written by Administrator
Wednesday, 28 July 2010
Addis Abeba University (AAU) awarded honorary doctorate degrees to four individuals, one Ethiopian and three foreign nationals, during the graduation ceremony held for the first time inside the Millennium Hall on Saturday, July 24, 2010. Read Full Article Write comment (0 Comments)

ETC 2009 Phonebook Available at Last

Written by Administrator
Wednesday, 28 July 2010
The second edition of Ethiopian Telecommunication Corporation's (ETC) telephone directory, for the year 2009, prepared by Africa Phone Books, was launched on Thursday July 22, 2010, a year later than planned, at the Hilton Addis. Read Full Article Write comment (0 Comments)

DBE Decreases Non-Performing Loans

Written by Administrator
Wednesday, 28 July 2010
The non-performance loans (NPL) of the Development Bank of Ethiopia (DBE) in the just ended fiscal year stood at 2.1 billion Br, 22.7pc of the total loan portfolio of the bank, a decrease of 374.9 million Br and 15 percentage points less than last year's NPL of 37.4pc. Read Full Article Write comment (0 Comments)

Abay Bank to Open in September

Written by Administrator
Wednesday, 28 July 2010
Newly established Abay Bank SC officially received permission to start work on Friday, July 23, 2010, from the National Bank of Ethiopia (NBE) and is set to start business in September, 2010. Read Full Article Write comment (0 Comments)

Awash Bank Appeals False Representation Case

Written by Administrator
Wednesday, 28 July 2010
Awash International Bank (AIB) appealed a ruling of the Federal High Court in favour of the Addis Abeba Acts and Civil Status Document Record Service in connection with the authentication of a representation contract (agency contract) that resulted in the loss of half a million Br for the bank. Read Full Article Write comment (0 Comments)

Horticulture Earns Less Hard Currency Than Expected

Written by Administrator
Wednesday, 28 July 2010
Foreign exchange collected from horticulture exports during the fiscal year that just ended came to 216 million dollars, 61pc of the projected income of 354 million dollars. Read Full Article Write comment (0 Comments)

Anbessa Wins 8.7 Million Br for Shoes

Written by Administrator
Wednesday, 28 July 2010
State owned shoe factory, Anbessa Shoe SC, won a civil suit for a claim of 8.7 million Br against La Nuova Adelchi SpA, an Italian company, on Tuesday, July 20, 2010, for failure to effect payment for shoes supplied to them. Read Full Article Write comment (0 Comments)

UDJ Identifies its Election Shortcomings

Written by Administrator
Wednesday, 28 July 2010
Unity for Democracy and Justice (UDJ), one of the eight parties that formed the Forum for Justice and Democratic Dialogue, a.k.a. Medrek, identified a lack of adequate preparations and financial and human resource problems, on top of a political field marred by intimidation, as shortcomings in its participations for the 2010 elections. Read Full Article Write comment (0 Comments)

Habesha Looking to Buy State Brewery

Written by Administrator
Wednesday, 28 July 2010
The newly formed Habesha Breweries SC is to make an offer for one of the three state owned breweries, Meta Abo, Harar, or Bedele, that are to be put up for auction this year by the Privatisation and Public Enterprises Supervising Agency (PPESA). Read Full Article Write comment (0 Comments)

NBE to Call Lion's Shareholders' Meeting

Written by Administrator
Wednesday, 28 July 2010
Bank rejects list of new board members for breaches of law during previous meeting Getahun Nana Signed the letter rejecting Lion Bank's choice of a new board. Read Full Article Write comment (0 Comments)

Prosecutors to Go After Properties of Convicted Bussinessmen

Written by Administrator
Wednesday, 28 July 2010
Prosecutors of the Ethiopian Revenues and Customs Authority (ERCA) are to appeal the ruling of the Federal High Court against prominent businessmen, Kebede Tesera and Ayele Debela, who were sentenced to 20 and 22 years of imprisonment, respectively, and had some of their properties confiscated. Read Full Article Write comment (0 Comments)

Getu Gelete Faces Criminal Charges

Written by Administrator
Wednesday, 28 July 2010
Getu Gelete, owner of Getu Commercial Center and former general manager and shareholder of GetAs International Plc, was charged with fraud by federal prosecutors on July 23, 2010, upon a complaint from Helen Anbesso. Read Full Article Write comment (0 Comments)

Tax Authority Charges Nyala Motors' 10 for 14 Million Br

Written by Administrator
Wednesday, 28 July 2010
The Ethiopian Revenues and Customs Authority (ERCA) prosecutors charged 10 employees of Nyala Motors SC who were allegedly involved in tax evasion of nearly 14 million Br. Read Full Article Write comment (0 Comments)

Agreement between African Union and Community of St Egidio

Written by Administrator
Wednesday, 28 July 2010
A Protocol of agreement for cooperation between the Community of St Egidio and the Commission of the African Union was signed on Thursday July 15 at the African Union head offices in Addis Ababa, Ethiopia. Read Full Article Write comment (0 Comments)

Ethiopians Arrive Monday for Competition

Written by Administrator
Wednesday, 28 July 2010
The championship fever is gripping Nairobi, just two days before the Africa's premier track and field competition is staged at the Nyayo National Stadium. Read Full Article Write comment (0 Comments)

U.S. Foreign Policy and Ethiopia

Written by Administrator
Wednesday, 28 July 2010
Teddy 'The Rough Rider' Roosevelt, the twenty-sixth president of the US, had many faults, but one of them was not an inability to distinguish between talk and action. The old warhorse understood that 'Rhetoric is a poor substitute for action, and we have trusted only to rhetoric. Read Full Article Write comment (0 Comments)

AU Military Chiefs Draw Somalia War Plan

Written by Administrator
Wednesday, 28 July 2010
A key Somalia strategy meeting is underway in the Ethiopian capital, Addis Ababa, with military chiefs from across Africa expected to hammer out a plan of action to confront the crisis in the war-torn country. Read Full Article Write comment (0 Comments)

Ethiopian Troops Leave From a Village in Hiran Region

Written by Administrator
Wednesday, 28 July 2010
Many Ethiopian troops who were in parts of the bordering regions of Bakol and Hiran in south and central Somalia have left from their military bases in the areas, witnesses said told Shabelle radio on Sunday. Read Full Article Write comment (0 Comments)

Disgruntled Soccer Fans to Sue Company

Written by Administrator
Wednesday, 28 July 2010
Multiple civil suits were filed against Askallukan Trading Plc, its vice manager, Girmay Gebremichael, and his wife, Menna Terefe, who was also the general manager of the company, by people claiming to have been defrauded out of a trip to South Africa for the FIFA World Cup. Read Full Article Write comment (0 Comments)

Ruchi to Farm Soya in Gambella

Written by Administrator
Wednesday, 28 July 2010
An Indian agro-industry company, Ruchi Agri Plc, has been allotted 25,000ht of land for the commercial farming of soya beans, in Fugnido Wereda, Gambella Regional State, for 25 years. Read Full Article Write comment (0 Comments)

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