Private Sector Leaders Where?
Posted on 14 May 2012 | 3:00 pm
Leaders of the corporate liberals from the continent and across the world descended last week on the land under the tight grip of the Revolutionary Democrats, despite their counterparts from the domestic private sector brushing it aside, reports Tamrat G. Giorgis,...Read More
Wave of Customs Improvements to Reach Parliament
Posted on 14 May 2012 | 3:00 pm
A new draft bill prepared by the Ethiopian Revenues & Customs Authority (ERCA) which provides the manufacturing sector with incentives, amending the existing customs proclamation, is to be tabled to Parliament at the end of this month, May 2012.
Ethiopia Secures WB Loan for Kenya Link Substations
Posted on 14 May 2012 | 3:00 pm
A high-level delegation from the Ethiopian government has secured a loan for the construction of substations for the Ethiopia to Kenya power interconnection project from the World Bank (WB) last week, Fortune has learnt.
Unborn Hawassa Bank Requests Transfer of Equity to Berhan Bank
Posted on 14 May 2012 | 3:00 pm
Promoters of the under formation Hawassa Bank requested the central bank to transfer the equity contributions of their shareholders to Berhan International Bank (BIB), one of the nine existing banks expected to fulfil the half a billion Birr threshold capital requirement after four years.
Marriott International Hotel Comes to Addis
Posted on 14 May 2012 | 3:00 pm
Donald Booth, United States ambassador to Ethiopia, believes that US brands are very good in Ethiopia but very rare. Having spent two years of his three-year term, he wishes to see more brands from his country come to Ethiopia. Most recently, he has witnessed the openings of two giant US companies, General Electric (GE) and Hewlett-Packard (HP), and, to his pleasure, a renowned US lodging facilities brand, Marriott, officially announced its arrival in Addis Abeba, this week.
Dozen Int’ls to Inject $100m into Ethiopian Economy
Posted on 14 May 2012 | 3:00 pm
Ten international companies are preparing to inject 100 million dollars in the Ethiopian economy in a space of 10 years, encouraged by prior experience of Schulze Global Investments (SGI), an American investment firm, which has bought shares from four companies with investments in Ethiopia over the past four years.
News In Brief
Posted on 14 May 2012 | 3:00 pm
All the Brief News Articles from various papers
Public Prosecutor Stands by Allegations of Leikum
Posted on 14 May 2012 | 3:00 pm
The federal public prosecutor maintained and stood by their allegations of Leikun Brehanu, former president of Awash International Bank (AIB), which were listed in a charge filed in 2010.
YESU Defendants’ Bail Request Cold Rolled
Posted on 14 May 2012 | 3:00 pm
Court denied bail to nearly all of the defendants in the tax evasion charge case involving Yesu Metal and Shebel Plc, in the first hearing on Tuesday, May 8, 2012, dramatised by denying the Ethiopian Radio & Television Agency (ERTA) from making video records of the proceeding.
Hyatt to Slide back into Ethiopian Market
Posted on 14 May 2012 | 3:00 pm
Hyatt Palm Oil, formerly distributed locally by Get-As International, made a return to the Ethiopian market at the beginning of May after the government, which is currently the sole distributor of the palm oil, added the manufacturer FELDA iFFCO to its list of suppliers.
Open Trial Sees Video Recording Curtailed
Posted on 14 May 2012 | 3:00 pm
The decision of Judge Kedir Mohammed at the Federal High Court Eighth Criminal Bench to prohibit cameramen from Ethiopian Radio & Television Agency (ERTA) from shooting video of the proceedings of the tax evasion and money laundering charges against YESU Plc, Shebel Plc, and allegedly related individuals, on Tuesday, May 8, 2012, has raised a dissenting opinion from renowned legal professionals.
Entertainment News
Posted on 14 May 2012 | 3:00 pm
Find out about all the Entertainment news From Addis Fortune
Second Indian Flower Farm to Sprout in Debre Brehan
Posted on 14 May 2012 | 3:00 pm
A new Indian company, Esimo Flower & Agro Industries Plc, is investing 100 million dollars to start planting flowers in July 2012 at a 71ht farm it acquired in Debre Brehan, 130km northeast of Addis Abeba, in Amhara Regional State.
News Archive
Posted on 14 May 2012 | 3:00 pm
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