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News
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Column
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PM Appoints Director General of New Revenue
Authority |
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Prime Minister Meles Zenawi has appointed former
Minister of Revenue (MoR) Melaku Fanta as director
general of the newly established Revenue and Customs
Authority (RCuA), a merger of the former three
revenue collecting agencies.
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Lease Board Resumes Land Transfers |
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The Addis Abeba Lease Board last week made a
decision to resume distributing of land for
investment three months after the Caretaker
Administration stopped transfers during the
transition of power to the new administration led by
Mayor Kuma Demeksa. |
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Federal Subsidies Large Chunk of Oromia,
Amhara Budgets |
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The Oromia and Amhara Regional States last week on
Friday approved a 6.9 billion Br and 4.19 billion Br
budget, respectively. The Federal Budget subsidy
accounts for a large portion of these budget. |
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| Agenda |
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The long queues at the retailing stations of oil
companies subsided last week. |
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| Editor's Note |
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the subject of an
investigation by a supposedly non-partisan
group, whose |
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| Economic
Commentary |
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Stunned by the news and the
image of a hungry child with a swollen belly, Asnake Getachew, an economist who
resides in Namibia, calls for a soul-searching exercise to answer such
questions; as what is wrong with our |
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| Opinion |
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Unlike many governments in the developing world
which opt to carry the burden of high international
prices by subsidizing domestic prices to shelter
their citizens for reasons which might be political,
some countries have no reason to do so. They often
try to offset the consequences by passing some of
the burden to other countries (trading partners) in
the form of high prices for the products, and
services they sell to the latter. |
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VERBATIM |
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"It's
desperate. At risk are 50,000 to 100,000 kids over the next four months. If
these kids don't get support, between 25pc and 50pc will die." |
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Bjorn
Ljungqvist, country director for UNICEF, was quoted as saying
last week by Bloomberg, when speaking out on the degree
of humanitarian needs for those affected by drought in Ethiopia. |
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President Guelleh, who is perplexed with President Issayas
Afeworki’s conduct in denying the existence of problems
along their common border, characterized Eritrean leaders’
behaviour as “frustrated and paranoid.” The following is the
excerpt of...Read More |
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The malnutrition came against a backdrop of rising
food prices, one of the currently pressing issues
intensely discussed at the summit. Although
malnutrition was not the main agenda of the summit,
the leaders have discussed rising global food
prices.... Read More |
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View Point |
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The
trouble was that the music has stopped, and there is now
frantic movement to pay the mortgage payments that have
doubled, or even trebled. |
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Life Matters |
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Regret is perhaps a skeleton we all have hiding in
the back of our closets, with many of us wishing ... |
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View From Arada |
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Drinking beer, previously a daily habit for many,
has now become a luxury for most due to the
rising.... |
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