Ato Abi Sano, CBE President
and Vice-President of Ethiopian Bankers Association (EBA), Ato Addisu
Abba, EBA President and Neway Gebreab, Economic Advisor to the PM,
at Hilton symposium.
Legal
hurdles over collaterals
By Andualem Sisay
Due to a stream of court injunctions banks claim that they are
unable to sell defaulter properties held as collateral and valued
at 39.5 mln birr.
According to 223 sample cases selected for study by the Ethiopian
Bankers Association (EBA), banks are facing challenges in exercising
their rights of selling non-payers' properties as per the law passed
nine years ago. This was indicated at a day long symposium organized
by EBA on Saturday 11 August, 2007, at the Addis Ababa Hilton.
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Treating a nation bleeding
from brain drain
Dr. Tewabech Bishaw, a veteran figure at the Ministry of Health,
having worked there since the Emperor’s days, says she noticed
while working as human resource department head at the ministry
some 20 years ago, that many health professionals sent abroad for
further study do not return back to Ethiopia. Since then she has
been thinking about a remedy for the brain drain that is bleeding
the country to this day.
MORE
Ethio-Sudan Optical Fiber project inaugurated
By Kirubel Tadesse
The Ethio-Sudan optical fiber installation project was officially
inaugurated at a grand ceremony held at the Sheraton Addis on August
11, 2007.
Ethiopian Telecommunications Corporation (ETC), announced that a
high speed and capacity international link via Sudan will be realized
through the Ethio-Sudan optical fiber installation project. The
implementation of Addis-Metema fiber optical line including the
establishment of a link with the already existing optical network
in Addis Ababa was finalized with over 118 million birr capital.
The physical work of the project took about a year together with
the test works.
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