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Djibouti Suspends Port Tariff Increase |
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The government of Djibouti has suspended planned
tariff increases on port services, a day before it
was due to come into effect on August 15, 2008. The
board of Djibouti Port Authority, chaired by
powerful businessman Abdourahiman Boreh, decided to
suspend the average 15pc hike. |
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Courts to Lose Power to Reinstate Innocent
Workers |
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Customs workers fired for being suspected of
corruption, who are later found innocent, can no
longer be reinstated by the courts, according to a
new regulation. |
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Turkish
Textile Giant to Invest in Ethiopia |
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An Ethiopian delegation led by Beyene G. Meskel,
director general of the Privatization and Public
Enterprises Supervisory Agency (PPESA), flew to
Turkey on Monday August 11, 2008, to lobby major
Turkish textile companies to invest in Ethiopia. |
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Ethiopian Shipping Lines Nets 417m Br Profit |
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The Ethiopian Shipping Lines (ESL) has netted a 417
million Br profit during the just ended budget year,
exceeding its target by 68pc. Compared to its
earnings in the previous year, it is 40pc higher.
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| Agenda |
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Zinash Gedo visited the Addis Abeba Land Development
and Administration... |
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| Editor's Note |
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There is no government as lucky as the
Ethiopian, so to speak. While as ... |
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| Economic
Commentary |
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The liberal mantra of the
magic of the market convinces Joseph E. Stiglitz, professor of Economics at
Columbia University, no more than growth being a matter of statistics. In this
commentary, provided to Fortune by Project Syndicate, Stiglitz argues
that countries need to shift to the left if they are interested in bringing
growth to their populations that also delivers justice. |
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| Opinion |
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The opening ceremony of the Beijing Olympics held at
the National Stadium was simply mesmerizing. The
space - like China itself, like the size of its
population, and also like most American things we
often talk about - is large. Even while watching it
on television, one feels comfortably seated,
stretching
... |
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VERBATIM |
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"The
current real interest rate is a form of taxation on those who save money." |
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Ken Ohashi,
World Bank's country director for Ethiopia and Sudan, told
members of the media last week that the four per cent interest
rate banks pay on deposit is far from attractive to savers in an
economy where country level food inflation has reached 41.3pc in
July 2008. |
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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, ....Read More |
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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
..... Read More |
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View Point |
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Addis Abeba has become prey
to an irritating pollutant: noise. Sound disturbances come in all forms,
shattering the peace of many. |
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Life Matters |
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With the amount of structures popping up left and
right, one would ... |
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View From Arada |
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People mobility across the country has increased,
keeping pace with .... |
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