Liberating the world from
crude oil slavery
By Andualem Sisay
Will the world continue being slave to crude oil?
Mr. Premdut Doongoor, who advocates the generation of fuel from
waste plastics, doesn't think so. Mr. Doongoor, former Energy
Minister of Mauritius, strongly believes that bio fuel is the
sole solution for a world that seeks "world energy peace".
Since he became Ambassador of Mauritius to Ethiopia, the Commission
of the African Union and United Nations Economic Commission for
Africa eight months ago, he has been pushing the African Union
towards what he called the novel discovery of Indian Professor,
Ms Alka Umesh Zadgaonkare.
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Holland Car to roll out fancier
car
By Andualem Sisay
Based on the high demand from customers, Holland Car plc, the
first car assembly in Ethiopia, has announced that it is going to
assemble a second model and named after the great Abay (Blue Nile).
Abay, with a 1.3 engine will be offered at ETB 140,000 and one year
or 25,000 km warranty as of mid September 2007, according to Engineer
Tadesse Tessema, 50 per cent shareholder of the Ethio-Dutch company.
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Awash in the black despite controversy
By Kirubel Tadesse
Awash International Bank S.C has announced that during the first
six months of 2007, it has shown better performance compared to
the same period last year. In a press release the bank issued on
August 25, 2007, after a two day half year management meeting held
on August 24 and 25 at Ghion Hotel, the bank explained that general
savings showed a twenty one percent growth and general credit record
registered a thirty four percent increase. It added that the overall
income of the bank also showed an increment of forty nine percent
and profits before tax grew by sixty eight percent.
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