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PM Appoints Director General of New Revenue Authority

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

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

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    

The long queues at the retailing stations of oil companies subsided last week.

 
   

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Editor's Note  

the subject of an investigation by a supposedly non-partisan group, whose

 
   

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Economic Commentary  

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  

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    
 

"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."

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.

 

 
 
 
 
 
 
 
 
 
 

Guelleh Sees Eritrean Leaders Paranoid, Frustrated

 

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

Ethiopian Malnutrition Issue at G8 Summit

 

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

 
 
View Point

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
 

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
 

Drinking beer, previously a daily habit for many, has now become a luxury for most due to the rising....

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