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Inching to Finish
Line
Finally, the tallest building in central Addis Abeba, the majestic and
ultramodern Nani Building, will soon
open, after consuming an estimated
600 million Br (about twice the
amount originally budgeted at 36
million dollars) and a staggering
six-year delay in completion,
reliable sources disclosed.
PLEASE SEE THE FULL STORY |
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Fallout Over Koka Power Outage
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Electric supply has become stressed following the
burning of the substation transformer for Koka
Hydroelectric Dam on February 3, 2010, three weeks
after the news of the collapse of the tunnel of the
Gilgal Gibe II Hydroelectric Plant. |
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ERA Asks MoFED for 2.9b Br
Extra |
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The Ethiopian Roads Authority (ERA) has requested of the Ministry of
Finance and Economic Development (MoFED) a 2.9
billion Br supplementary budget, a reliable source
disclosed. |
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Awash VP, 10 Others Accused of
Mishandling Funds |
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The Board of Awash International Bank (AIB) sent on forced leave Mitiku
Abeshu, its vice president for international banking
for an alleged misdemeanor related to handling
letters of credit (LC); 10 other employees holding
different positions have also been affected by
similar decisions. |
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Kajo Construction to Regurgitate Roads Project |
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Kajo International Construction Plc is giving up on
a road construction project it was awarded by the
Ethiopian Roads Authority (ERA) due to financial
constraints, although the project completion is
already overdue by three years. |
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Ethiopian
CEO Criticises Lebanese Officials |
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The Ethiopian chief, speaking to journalists
during a press conference on Wednesday, February 24,
2010, accused Lebanese officials of providing
information that was unfounded and misleading
concerning the ET409 accident even before the
findings of the investigation have been announced. |
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Adama Trade Bureau Controls
Sugar Sales |
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The Adama Bureau of Trade and Industry has begun directly controlling
the sale of sugar by the four wholesalers in town
whose practices have drawn a lot of complaints from
retailers. |
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Saba Engineering Liable for
4.4m Br Plus |
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Saba Engineering Plc and a company it represented, International
Trading Company SRL (INTRACO), have been sentenced
to pay four million Birr for a botched machinery
delivery to the state owned Transport Construction
Design Enterprise (TCDE). |
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Southern Regional State to
Rank Services, Require Additional Certification |
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Investors in the tourism sector in the Southern
Nations, Nationalities, and Peoples (SNNP) Regional
State are to be required to present professional and
service qualification certificates from the Regional
Tourism Bureau before they apply for investment
licenses, effective March 2010. |
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Fugitive Charged in 1.09m Br Corruption Case |
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Dagnachew Kassa, former head of the Administration
and Finance Department of the Supreme Court,
currently a fugitive of the law, is sought for a
corruption allegation involving over a million Birr
worth of illegal purchases of file folders in
violation of supply rules. |
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Italians Part of Succession of
Four Business Delegations |
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An Italian business delegation, organised by the
Italian Institute of Foreign Trade, has been in
Addis Abeba since last Wednesday to participate in
the 14th Addis Chamber International Trade Fair (ACITF).
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Voter Registration Numbers
Close to Gov’t Predictions |
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Data collected by February 22, 2010, the last day of
voter and party registration for the May elections,
indicated that 29 million voters had been
registered, with 1.3 million in Addis Abeba. |
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Council Sets Points for Debate |
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The Ethiopian Political Parties’ Council met on
Wednesday, February 25, 2010, and fixed nine
debating points for Monday, March 1. |
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Ethiopian Schedules Deceased
Crew for Duty |
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Managers at Ethiopian Airlines responsible for the
deployment of cabin crew have scheduled one of the
flight attendants who died during the accident
onboard ET409, to another flight meant to arrive at
Bole International Airport on Saturday, February 27,
2010. |
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GTZ Plans 15,000 Solar
Projects per Month |
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The GTZ is planning to install 15,000 solar systems
per month in Ethiopia, where only less than one per
cent of the rural population uses solar power
because of low investment in the sector. |
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Sugar Sales to Traders
Prohibited inside Merkato |
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Sugar sold to traders in the latest round of auction
is to be traded outside of Merkato, by the order of
Habtamu Reggasa, a top official at the Ethiopian
Sugar Development Agency (ESDA). |
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Fuel Shortage Mystery Plagues
Drivers |
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The delayed delivery of ethanol might have caused the petrol shortage
in Addis Abeba during most of last week, although
power failures shared the blame at some places. |
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Seven to 10 Years for Land
Swap Scam |
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Public prosecutors at the Federal Ethics and
Anticorruption Commission are to appeal the sentence
of the court on the corruption charge involving a
scheme that transferred land, worth 208 million Br,
to two businesspeople. |
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Ethio-China Polytechnic
Inaugurates Confucius Institute |
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Ethio-China Polytechnic College, located around
Kotebe in Yeka District, inaugurated the Confucius
Institute on Tuesday, February 23, 2010. |
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Customs Authority Nabs 3.5m Br worth of Contraband at
Airport |
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The Addis Abeba Airport Branch of the Revenue and Customs Authority
intercepted and confiscated 3.5 million Br worth of
contraband. |
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SouthWest
Energy Signs with Tullow Oil Plc for Ogaden Oil Exploration |
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SouthWest Energy (Ethiopia), a company largely owned
by Tewodros Ashenafi, struck a deal with Tullow Oil
Plc of the United Kingdom (UK) last week, reliable
sources disclosed. |
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