Chary Bond
Posted on 26 February 2012 | 2:00 pm
Ethiopian public and private sectors are rarely friends with good terms. Their relationship is often marred with suspicion and disgruntlement. Even the rare meetings they sat down with to discuss issues of concern end up without agreement. Not that they do not look for resolutions but they have differing interests and perspectives. As if to indicate a change in mood, the Public Private Consultative Forum held last week at the Sheraton Addis witnessed cool minds. Deprived of policy debates, one of its primary purposes, the Forum dwelled much on the weak edges of custom clearance procedures. The meeting of containment started with Mulu Solomon (left), president of the Ethiopian Chamber of Commerce and Sectoral Association (ECCSA), Tadesse Haile (middle), state minister of Industry (MoI), and Kebede Chane (right), minister of Trade (MoT), joining hands for the moment.
Devoid of Policy Debate, Public-Private Forum Zooms-In on Customs Flaws
Posted on 26 February 2012 | 2:00 pm
The reinvigorated consultative meeting between government officials and leaders of the private sector, held at the Sheraton Addis on Wednesday, February 15, 2012, looked more like an experts’ meeting at a federal agency on how to expedite the bureaucratic machinery of the state. But it was meant to be a forum where those from the private sector raise issues of policy relevance and engage senior policymakers for possible reforms.
Commercial Bank Places Historic Order for Note Counters
Posted on 26 February 2012 | 2:00 pm
The state-owned Commercial Bank of Ethiopia (CBE) is undergoing one of the largest expansion phases in its 70-year history. The latest expansion comes with its decision to procure over 1,400 units of note counting machines, worth close to 30 million Br, the largest order of any bank ever made in the country.
Imperial Hotel to Change Hands Again for 3m Br More
Posted on 26 February 2012 | 2:00 pm
Access Resorts Hotel (ARH) has finalised a deal with Metal & Engineering Corporation (MetEC) to sell the former Imperial Hotel building for 60 million Br, scheduling to sign the sale agreement this week, Fortune learnt.
Central Bank Finally Strikes Gold Purchase Request
Posted on 26 February 2012 | 2:00 pm
MNational Bank of Ethiopia (NBE) has finally received a purchase request for 250g of 18 carat gold, the minimum order allowed, from Teklu Desta Jewellery, one of the oldest goldsmiths in the city, whose shop on Haile Selassie Street, Piazza area, has remained open for about six decades.
Gov’t to Allow Share Companies Offer Bonds to Public
Posted on 26 February 2012 | 2:00 pm
A new bill is in the making, aiming at regulating the functions and accountabilities of share companies. It proposes for the first time such companies issue bonds to the public, in their bid to raise resources to finance projects, after obtaining security guarantees from the central bank.
News In Brief
Posted on 26 February 2012 | 2:00 pm
All the Brief News Articles from various papers
Sweeping Changes in Store at Revenues, Customs
Posted on 26 February 2012 | 2:00 pm
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.
Commodity Exchange Authority Suspends First Member for Asset Deficit
Posted on 26 February 2012 | 2:00 pm
The Ethiopia Commodity Exchange Authority (ECEA) suspended the membership of Chay Trading and Services Plc, a coffee trading member of the Ethiopia Commodity Exchange (ECX), for six months, due to failure to sustain the minimum net assets required of an Exchange member.
City Bus Hands Keys to Gigar Trading for Inspection Machine Contract
Posted on 26 February 2012 | 2:00 pm
Anbessa City Bus Enterprise awarded Gigar Trading and Technical Centre a 3.16 million Br contract for the supply, installation, commissioning, and training of a vehicle inspection machine on Friday, February 10, 2012. This is after the Federal Transport Authority (FTA) changed the annual manual vehicle inspection system to automatically using machine.
Moha Soft Drinks to Pump 300,000 Litres of Groundwater
Posted on 26 February 2012 | 2:00 pm
Moha Soft Drinks Industry is to extract 300,000 litres of groundwater daily, beginning on Friday, February 24, 2012, from a well it drilled inside the compound of its plant at Teklehaimanot area in Addis Abeba.
AACRA Claims Near Perfect Budget Performance
Posted on 26 February 2012 | 2:00 pm
The Addis Abeba City Roads Authority (AACRA) achieves 97.7pc of its projects for the first six months of the fiscal year with 92.7pc of the budget allocated for them.
Entertainment News
Posted on 26 February 2012 | 2:00 pm
Find out about all the Entertainment news From Addis Fortune
Ethiopian’s Deal with BET Architects for HQ Finally Takes Wing
Posted on 26 February 2012 | 2:00 pm
The management of Ethiopian Airlines has finally inked a deal with BET Architects Plc, and its foreign partner Soehene Partners Architects, for the supervision work of its headquarters planned inside Bole International Airport.
News Archive
Posted on 26 February 2012 | 2:00 pm
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