Bill of Lading still confusing

By Tamiru Geda

Implementing the system of using bill of lading have been said to be more beneficial to the Ethiopian Shipping Lines S.C. (ESL), while officials of the share company denied the claim. Officials at ESL expressed this when answering accusations voiced at a customers discussion forum held at the Addis Ababa Hilton on Thursday, January 13.

State owned Cotton farm raided by cattle

By Tamiru Geda

A large state owned cotton plantation in the Afar regional state has been destroyed due to foraging by a large number of cattle, sheep, camels and goats.

Public frets over Gov’t hospitals’ price hike

Some Expenses rise by 1,000 per cent

By Tedla Yeneakal

Government hospitals in the country, commonly serving the society at a relatively lower cost for many years subsidized by the government, recently shot up prices, with the newly imposed tariff having inflated, in some cases, increasing by 1000 percent.

Al-Kharafi snatches lion’s share of ACCOR’s hotel ownership

By Tedla Yeneakal

The Al-Kharafi group of Kuwait has taken up 60 % of the share, the rest of the stake going to ACCOR, in the possession of two hotels at the same spot that would be constructed in Ethiopia with the completion period of 18 months, officials of Al-Kharafi and ACCOR disclosed on Friday, January 14, 2005.

1.2mln birr profit for Africa Insurance

By Tedla Yeneakal

Despite the directive issued by the National Bank of Ethiopia (NBE) and the increasing claims in the transport sector, both acting as bottlenecks for the performance of insurance companies in the country, Africa Insurance S.C. announced yesterday that it has recorded a net profit of close to 1.2 million birr, at its 9th annual general meeting held at the Addis Ababa Hilton.

V-SAT failure worries

Getachew Belay 

By Tamiru Geda

V-SAT communication equipment purchased by the ministry of revenue has proved incompatible with the system used by the Ethiopian Telecommunication Corporation (ETC), disclosed sources close to the concerned ministry and corporation.

Takem ships first batch of livestock to Egypt

By Tamiru Geda

Following the agreement made between Takem Plc, a local company engaged in the export of livestock and meat products to foreign markets, and HIEB Group, an Egyptian company, some two months ago, the first shipment commenced Thursday, January 13.

Controversy over Bob Marley’s re-burial 

By Our Staff Reporter

The Bob Marley and Rita Marley Foundations have denied press reports that the widow of the reggae legend plans to have his body exhumed from his Jamaican burial ground and entombed in Ethiopia.