
CUD leaders finaly freed
“Their appeal is a sign of maturity and not a sign of weakness. The uncontested winner in this sorry saga is the rule of law,” Prime Minister Meles Zenawi
By Andualem Sisay
After eighteen months of continuous effort of ‘self-initiated’ Ethiopian elders, finally the leaders of the Coalition for Unity and Democracy (CUD), were pardoned by the government of Ethiopia on Friday, July 20, 2007.
The leaders of the party received a conditional total pardon, which includes all rights to be involved in the political activities of the country. The conditionality part of the pardon includes observing the constitution of the country and other undisclosed agreements that the leaders agreed to obey.
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Youth association awards Al-Amoudi
By Tedla Desta
Peace Ethiopia Messenger of Peace Youth Association (PEMPYA) in its millennium recognition program, held on Wednesday 19 July, 2007, awarded Sheik Mohammed Al-Alamoudi, making him the only business person to receive this award.
“As the owner of several manufacturing corporations, he has created many job opportunities. Moreover, his unreserved charity indicates his passion for his country and compatriots” the statement read during the Sheik’s award explained.
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Final countdown to Commercial Code
By Andualem Sisay
The Addis Ababa Chamber of Commerce and Sectoral Associations (AACCSA) and the Ministry of Justice (MoJ) have signed a Memorandum of Understanding (MoU), on Monday July 16, 2007 to finalize the revision of the Commercial Code of Ethiopia before June 2008.
The current global and domestic economic realities are among the main reasons that led to the comprehensive revision of the 1960 Ethiopian Commercial Code. Globalization and the emergence of bilateral and multilateral trade between and among different countries, issues related to bankruptcy and information communication technology were also justifications to revise the nearly 50-year-old code.
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