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  Click here for Last Week's Issue Updated August 20, 2007

Drawing investors via taxis, hotels

Installed in over 100 taxis by Harmony PLC, touch screen information display is tried out by an Addis commuter
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Bamboo to join country’s export list

By Andualem Sisay

Following the increase of commercial and residential building construction in the country that was led to ever-increasing demand of bamboo products for finishing materials, a local investor has launched a 50 million birr investment on a bamboo processing factory.
A local company, Mirga Wood Industry, is to construct a factory on 3 hectares in Egere, Addis Alem, 40 kms from Addis Ababa. The factory plans to start with products such as floor parquet, incense sticks and toothpicks from bamboo.

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Chancellor Merkel to visit Ethiopia

By Andualem Sisay

German Chancellor Angela Dorothea Merkel is expected to visit Ethiopia in October, sources told Capital.
During here visit, Chancellor Merkel is expected to hold talks with Prime Minister Meles Zenawi and other government officials, according to the source. Her visit is also expected to boost the close socio-economic and political ties that exist between the two countries.

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Maaza Mango to be produced localy

By Andualem Sisay

Maaza Mango, an internationally renowned beverage brand with over 40 years in the global market, is to be produced in Ethiopia, according to Yeshola Tsehay Pvt. Ltd. Co.
Disbursing USD 150,000 for the branch franchise, Yeshola Tsehay, a local company, has launched a 50 mln birr investment and is currently under process to obtain a 25,000 square meter plot in the Burayu area, Oromia Region, to set up the plant - Yeshola Tsehay Bottling Factory.

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Tewodros’s peculiar art

Artist portrays long national trek


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Ethics inegrated for success


In the increasingly globalized village our world is becoming, developing effective regional structures is essential across the spectrum of economic activity. Among the most important, some would say the most vital - a component of the financial industry is accountancy. As has been widely reported, this profession when performed with the utmost respect to its high ethical standards, can streamline economies for more sustainable growth. If not, many more Enrons would continue
to wreak havoc in global finance.
The rapid pace of economic development in Ethiopia over the last half a dozen years has brought into focus the essentiality of professional accountancy as business in general expands.
The Association of Chartered Certified Accountants ACCA is an east and central Africa regional body which aims to introduce best practice and linkage in and among the economies of the region.
It established an Addis Ababa office in 2004 and has since organized various public awareness events on its aims and objectives.
Capital had the opportunity to talk to W/o Hikmet Abdella, Country Manager of ACCA and Mr. Allen Blewitt CEO of ACCA International when they were in Addis recently to honor and award professors, Johannes Kinfu and Getachew Kassaye, pioneers in the accountancy profession in Ethiopia.


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Entreprenuer Profile is Capital’s youngest page and is already eliciting warm reviews. We have received dozens of e-mails, scores of letters and a clamor of phone calls of appreciation, suggestions and ideas which will all contribute for a better Entrepreneur Profile strengthened by your continued participation.

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Ethiopian schoolboy's campaign for return of historical artefacts

 

The Return of looted antiquities to their country of origin is a matter that is of great concern to students of Ethiopian history and to this ancient nation in general.
Following several decades of unsuccessful attempts by a procession of regimes and unkept promises by the ‘custodian’ nation, the looted Aksum obelisk was finally returned to Ethiopia in April 2005.

 

 
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Social mobilization against sanctioned violence against girls and women

“Democracy and the Social Question“: The sixth lecture in this academic year was given by Bogalech Gebre, Director of Kembata Women’s Self-Help Centre, an NGO working in the south of Ethiopia. The lecture took place on Tuesday, 27 March, in Goethe-Institute Gebrekristos Desta Centre.

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