Bob Celebrated

Bruck Shewareged

The long awaited 60th birthday celebration of the reggae legend Robert (Bob) Nesta Marley officially kick started here in Addis Ababa last Tuesday with a string of events.
The month long celebration runs with the main theme of “Africa Unite” around which different events such as a music concert at Meskel square, a three day symposium at the UN conference center, a fund raising banquet at Sheraton Addis and an art and cultural exhibition are taking place..

MOSVOLD put up for auction

 By Tedla Yeneakal

 Mosvold Private Limited Company, one of the pioneers in the production and provision of household furniture in Ethiopia, has been put up for public sale by Dashen Bank to retrieve its 10 million birr loan. 

EAL nets 187.2 mln birr half year profit

 By Tedla Yeneakal

 The national carrier Ethiopian Airlines (EAL) announced at a press conference that it has made over 2.145 billion birr in revenues within half a year before auditing, out of which it has managed to net 187.2 million birr profit.

Two parallel roads to relieve traffic at Megenagna area

Construction costs 125 mln birr

 By Tedla Yeneakal

 In addition to the 2.5 Km relief road construction in Megenagna area, which is in progress and scheduled to be completed in two weeks time, the city is set to see the construction of a parallel road, from Megenagna through the British Embassy all the way linking it to Sandford School. The Addis Ababa Road Authority (AARA) disclosed to Capital that the cost is estimated at 105 million birr.

FIRA sets tight TIN registration target

 By Tedla Yeneakal

 The Federal Inland Revenue Authority (FIRA) has set an aggressive objective for the Tax Identification Number (TIN) registration of all businesses through out the country. FIRA aims to register all business entities in the country by the end of this Ethiopian year, despite the half-year performance report released last week that shows the authority is far behind the required objective.

Negasso to run for election

 By our staff reporter

 At a press conference held on February 3, 2005, at Semien Hotel, former President of the Federal Democratic Republic of Ethiopia (FDRE), Dr. Negasso Gidada, announced that he will run in the upcoming election as a candidate for the House of Peoples’ Representatives.

Electronic directory of Addis to be released

 By our staff reporter

 Electronics Hardware Service Provider, a firm specializing in information technology and software development, is to release a digital software, named ‘The Charming Land of Addis’ that contains a substantial amount of informative data about Addis Ababa, in February, 2005.

ORBIS Int’l helps prevent blindness

 By Bruck Shewareged

 A five-year project agreement aimed at reducing avoidable blindness and visual impairment was signed this week between ORBIS International and the Gondar and Debub universities.