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Japanese Kajima Close to Bridging Gap on Abay |
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The Japanese construction firm, Kajima, is near to
closing the four-metres gap on the newly constructed
bridge over Abay River, 208Km north of Addis Abeba.
The bridge will be open to traffic in October 2008,
according to Samson Wondimu, Public Relations head
of the Ethiopian Roads Authority (ERA). |
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Ethanol Blended Gas to Go on Market |
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Minister Girma Birrulast week instructed the six oil
supplying companies to begin selling ethanol blended
gasoline to car owners beginning September 2008. The
Ethiopian government had, three years ago, signed a
three-year agreement with Nile Peotroleum Co Ltd,
the Ethiopian wing of a Sudanese state-owned giant
oil producer which will supply the companies. |
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Call for EPRDF HQs Funding
Gets Positive Response |
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The reply from businesses engaged in import and
export on Saturday July 19 to the call to raise
funds for the construction of the EPRDF headquarters
was satisfactory. The group, chaired by Tadesse
Tilahun, general manager of NOC, pledged to grant
close to 15 million Br for the project, sources
disclosed. |
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Employees of Shell Ethiopia Demonstrate |
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Employees of Shell Ethiopia demonstrated at the gate
of their head office on July 23, 2008, expressing
disappointment with the decision by Shell to sell
its interests in Ethiopia to OilLibya. They have
threatened to strike, demanding much better
treatment from the oil franchise. |
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VISA
Electronic Transactions Net $31m for Dashen Bank |
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Dashen Bank generated close to 31 million dollars
last year from its Visa card services, the company
disclosed last week. This amount represents a little
over one fourth of what the country has earned from
the exports of flowers during the same period.
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Washington Concerns with "Narrowing Political Space" |
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The US Administration has expressed concerns over
what its senior official described as troubling
developments in narrowing the democratic space in
Ethiopia, particularly in the areas of press freedom
and the independent operation of civil society
organizations. |
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Youth Centre to Benefit from Lottery Proceeds |
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The National Millennium Celebration Secretariat
Council will hold its second lottery in order to
raise funds for the multi-purpose youth centre it
intends to build in the capital. |
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Hydro-Power Centres for South, Oromia |
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The signed Memorandum of understanding encompasses
the establishment of hydro power service centres,
the implementation of about eight different
hydropower schemes in SNNPR and Oromia regions, as
well as facilitating the access of the rural
communities to technical and financial services. |
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Head of Maritime Authority Passes Away |
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Ephrem Tufer, former department head of Port
Utilization and Transit Affairs at the Ministry of
Trade and Industry (MoTI), passed away last Thursday
after a stroke only 22 days after he was appointed
as head of the newly established Maritime Affairs
Authority. |
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Parliament to Redefine Role of Public
Accounts Committee |
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Parliament is planning to issue a directive that
would redefine the role of the Public Accounts
Standing Committee following controversy over the
manner in which an Enquiry Commission was
established this month to investigate a report by
the General Auditor. |
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Experts Prescribe Caution in Bio-Fuel Dev’t |
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Scholars at Addis Abeba University (AAU) have urged
the Federal Government to design a land use plan in
order to avoid bio-fuel development on arable rural
lands. In a panel discussion organized by the
Environmental Science Department at the Science
Faculty under the theme, ‘Sustainable Development of
Bio-Fuel in East Africa: the Case of Ethiopia,’ and
held at the faculty on July 24 and 25, 2008, they
discussed the growing concerns about bio-fuel
development in the country. |
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Tendaho
Sugar Project Stalls |
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Overseas Infrastructure Alliance (OAI), winner of an
Engineering Procurement and Construction (EPC)
contract at Tendaho Sugar Factory, has cancelled an
agreement with two winners of other lots in the
project after failing to concur with them on terms
of payment. |
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Trilateral Pact on Irrigation to Enhance Food
Security |
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A
glass sheet factory established by the Chinese
construction company, CGC Overseas Ltd with
significant incentives, including reduced lease
rates from the Addis Abeba City Administration, will
go operational in September 2008. |
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Glass Factory worth $15m to Start Production |
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A
glass sheet factory established by the Chinese
construction company, CGC Overseas Ltd with
significant incentives, including reduced lease
rates from the Addis Abeba City Administration, will
go operational in September 2008.
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Hilton Locked in Row over Parking Lot |
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Hilton Addis is locked in a row with Wossen
Architect and DMC Construction companies over a
supposedly poor quality parking lot designed and
constructed by the two. Although the construction of
the two-storey parking lot was completed on May 28,
2008, the management of the hotel has refused to
officially acknowledge it, claiming that it leaks
rain water. |
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CBE Gives 357m Br Loans to Micro Finance
inst's |
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The Commercial Bank of Ethiopia (CBE) put aside 357
million Br loan for Micro Finance Institutions (MFIs)
as part of the about 5.1 billion Br it planned to
distribute through its Linkage Banking service for
the 2008/2009 fiscal year, a paper presented during
the Africa Rural and Agricultural Association (AFRACA)
sub-regional workshop held at Hilton Addis from 22
to 24 July, 2008 stated. |
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DBE Embarks on Staff Reshuffling |
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The Development Bank of Ethiopia (DBE) will this
week begin implementing its Business Process
Reengineering (BPR) two years after it first started
the study. The reengineering trims down to three
from the previous four the number of vice presidents
under the President, Wondossen Teshome. |
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A 40m Br Cultural Centre for Dawro |
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Dawro Zone will embark on a series of fundraising
events to secure capital for the construction of a
cultural centre. Once completed, the centre will
host regional, national and international forums. |
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