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Dubai’s Giant Scouts Ethio-Djibouti Railway, Oil Pipeline
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DP World - a state owned company of Dubai’s
government - has shown a strong interest to enter
into the Ethiopian market, eyeing a potential for
investment in rehabilitating the Ethio-Djibouti
railway line and developing a green project of
installing a pipe line for oil, from Djibouti. |
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Girma Birru Returns from Djibouti with
Promises |
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The reaction from the Ethiopian government was
prompt, revealing the gravity of the matter; Girma
Birru, minister of Trade and Industry, left for
Djibouti last Wednesday, July 9, in order to
persuade Djiboutian authorities to reconsider the
tariff adjustment announced last week by DP
World-Djibouti. He stayed there for a night, and met
Ismael Omar Guelleh, president of Djibouti. |
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Central Bank Picks German, UK Firm to Print
Notes |
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The National Bank of Ethiopia (NBE) has awarded the
German Gieseck & Deverient and the British De La Rue
the multi million dollars contract to print various
notes of the Ethiopian Birr, sources disclosed. |
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Businesses to Raise Funds to Finance EPRDF
HQs, Training Centre |
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Owners of major businesses grouped into five sectors
have began raising funds that would be used in
financing the construction of a headquarters and a
training center for the ruling Revolutionary
Democrats. The Ethiopian People’s Revolutionary
Democratic Front (EPRDF) needs 130 million Br in
order to build its political command center up at
Arat Kilo, and a training centre to an army of its
cadres in Sendafa. |
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CBB’s Vice President Takes on Top Job at Lion
Int’l Bank |
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Vice President of the state-owned Construction and
Business Bank (CBB), Meressa G.Mariam, has submitted
a resignation letter to take on another job at the
helm of the private Lion International Bank. |
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Housing Agency’s Mandate Still Debated |
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The former Rented Houses Agency which has been
reestablished as Agency for Government Houses (AGH)
under proclamation number 555/2008, constructs
houses by itself and, along with administering the
existing houses under its control, will regulate the
rental of high-rise apartments to be constructed by
the recently established Housing Development
Corporation (HDC). The proclamation allows it to do
so. |
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Gov't to Import $200m worth Construction
Materials |
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The Ministry of Works and Urban Development (MoWUD)
is to import 600,000 tonnes of cement and 100,000
tonnes of reinforcement bars at a project cost of
200 million dollars for the ongoing nationwide
housing development projects. The supplier of the
construction materials will be selected through an
international auction. |
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Ethiopia in Search for 30,000tns Maize in SA |
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A search is underway for the procurement 30,000
metric tonnes of maize from South Africa. A
partnership between DPPA and the European Commission
(EC) would be responsible for floating the tender
for this purchase. |
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Former Minister Chairs Audit Report Enquiry
Comm’n |
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Following Prime Minister Meles Zenawi’s
recommendation, Parliament established a five-person
Enquiry Commission on July 7, 2008, to be chaired by
Hailemelekot T. Giorgis, former senior minister
under successive administrations of the EPRDF.
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CBE
Posts 1.9b Br Epic Profit |
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The state owned Commercial Bank of Ethiopia (CBE)
has disclosed late last week an unprecedented gross
profit of 1.9 billion Br, from its operation for
2007/08 budget year. This profit represents a 60pc
increase when compared with the same period last
year, according to a press release issued on Friday,
July 11, 2008. |
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Acclaimed Port Official to Leave for West Africa |
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A Commercial Director at DP World-Djibouti will soon
leave for West Africa, in what many of his
colleagues and associates say is a loss to his home
port. Aboubaker Omar Hadi is to takeover a Nigerian
port as its general director, beginning August 15,
2008. |
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MoARD Proposes Coffee Quality Control,
Marketing Law |
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The legislative organ of the government deliberated
last week on a new bill – Coffee Quality Control and
Marketing Proclamation – proposed by the Ministry of
Agriculture and Rural Development (MoARD), and meant
to link existing institutional arrangements of the
sector with the Ethiopian Commodity Exchange (ECX)
and to reorganize of government executive organs. |
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Programme to Multiply Initial “Basic Seed”
438-Fold Yearly |
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Some 82 metric tonnes of haricot bean “Basic Seed”
harvested in December 2007 in a joint programme by
Melkassa Agricultural Research Center (MARC) and
USAID’s Agribusiness and Trade Expansion Programme (ATEP);
will be planted in July this year to harvest a
further 2,000 metric tonnes increase in December
2008. In a bid to fill the haricot bean “Basic Seed”
shortfall in Ethiopia, the joint programme will
then, after MARC certifies it, distribute the seed
to 15,000 farmers who will develop 20, 000hct of
land during the 2009 rainy season to cultivate the
haricot bean. |
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Recreation Centres, Public Shops Earmarked for Consumer
Assoc’s |
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The Addis Abeba City Administration is preparing a
bill to transfer ownership of recreation centres (Meznagna
Kibebs) in the 99 kebeles of the city to the
recently established Consumers’ Associations. |
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UNICEF Obtains Part of Emergency Relief
Supplies |
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UNICEF obtained 90 tonnes of ‘ready-to-use
therapeutic food (RUTF) (Plumpy Nuts)’ on the night
of June 30, 2008 as part of its emergency relief,
Media and External Relations Department with the
UNICEF disclosed. |
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FEATURE-CITY
PULSES |
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There is noise, a lot of noise, mainly of the
blaring music variety. There are scantily dressed
bombshells, or lissom things, suited in contour
hugging leotards parading their wares and their
habitat. There will be shrill wolf whistles aimed at
your car as you drive past blissfully unaware,
perhaps, of the trade and goods being put on show
and sold on the street. By Musie Ayele |
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FEATURE-Beer
Price Hitting the Roof |
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Aniley Melaku and his three friends used to spend
five hours a day – 5:00 to 10:00 PM – drinking as
much as 60 jars of draught beer together. They are
common faces at Bagdils and Hebrewerk Recreation
Center, located on the hill along the Megenagna
Roundabout-CMC Road. But on Tuesday July, 8, 2008,
they could not drink as much and to their
satisfaction as they usually do; they were instead
forlornly limited to drinking half their normal
quota. This is because of the increase on the price
of bottled and draught beers which went into effect
just a week ago. |
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FEATURE-G8 Summit: Environment, Climate Change top Agenda |
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HOKKAIDO-JAPAN: Leaders of the Group of Eight
industrialized countries, a.k.a G8, have pledged six
billion dollars for official development financing
at the summit in Hokkaido, Japan, on Tuesday, July
8, 2008. |
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Ethiopian Malnutrition Issue at G8 Summit |
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HOKKAIDO - JAPAN: The
controversial figures of the number of severely
malnourished children in Ethiopia has once again
grabbed international attention after Medecins
sans Frontieres (MSF), one of the over 3,000
NGOs operating in the country, has disclosed it has
admitted 6,500 of them in Oromia and the Southern
Nations Nationalities and Peoples regional states,
since mid-May 2008.
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Ethiopian GPS Innovator Lands in Jail over
Film Dispute |
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Admasu Gebre (Eng.), an Ethiopian credited for the
innovation of a GPS based vehicle guidance system,
was sentenced to two weeks by a Federal First
Instance Court. He was, however, spared from serving
the full sentence and released after spending two
days in jail last week. |
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Shell Leaves Ethiopia, Djibouti |
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The Dutch conglomerate group of energy and
petrochemical companies, Shell Petroleum Limited,
has transferred all its shares in Shell Ethiopia
Limited – downstream oil products marketing company
in Ethiopia – to OiLibya, a subsidiary company of
the Libyan Oil Holding Limited. |
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Bole Road to Enjoy Major Facelift |
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The Africa Avenue, Addis Abeba’s main thoroughfare,
a.k.a Bole Road, will soon go through a major
facelift; city officials want drivers to hit the
road uninterrupted by traffic when driving on the
4.3Km road from Meskel Square to Bole International
Airport. |
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