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Djibouti Suspends Port Tariff Increase

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

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

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

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    

Zinash Gedo visited the Addis Abeba Land Development and Administration...

 
   

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Editor's Note  

There is no government as lucky as the Ethiopian, so to speak. While as ...

 
   

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Economic Commentary  

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  

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    
 

"The current real interest rate is a form of taxation on those who save money."

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.  

 

 
 
 
 
 
 
 
 
 
 

Japanese Kajima Close to Bridging Gap on Abay

 

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

Washington Concerns with "Narrowing Political Space"

 

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

 
 
View Point

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
 

With the amount of structures popping up left and right, one would ...

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View From Arada
 

People mobility across the country has increased, keeping pace with ....

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