Capital

Geological phenomena cost EEPCo 400 mln br

By Groum Abate

The two billion birr Tekeze hydro electric power project, faced with a geological phenomena, has incurred the Ethiopia Electric Power Corporation (EEPCo) another 400 million birr.
Mihiret Debebe, general manager of the Ethiopian Electric Power Corporation (EEPCo), told Capital that the obstacle faced at the site would cost the corporation about 15% of the total project cost.

Prime Minister Meles Zenawi, Deputy P.M. and Minister of Agriculture and Rural Development Adissu Legesse, Eleni Zaude Gebremedhin, CEO of Ethiopian Commodity Exchange (ECX) at the exchange’s national forum held at UNECA Africa Hall, on April 4, 2008.

ECX launches officially

By Muluken Yewondwossen

The Ethiopian Commodity Exchange (ECX) was launched officially on April 4, 2008 in the presence of Prime Minister Meles Zenawi. A national forum on ECX was held from April 4-5, 2008 at the UNECA’s Africa Hall.
The forum discussed the environment in which the ECX will operate, including the role of the newly established regulatory body, the roles and vision of the exchange market actors and the national exchange actors association that is being formed.

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India – Africa act on Climate Change

By Tesfu Telahoun

With climate change an increasingly urgent issue, the UN/ECA and the Energy and Resources Institute of India (TERI) on March 31, 2008 concluded a memorandum of understanding (MoU) to establish the UNECA-TERI Africa Center for Climate Change Policy Studies, AC3PS.

CBE adopts hi-tech LC system

By Tedla Yeneakal

The state owned Commercial Bank of Ethiopia (CBE) is set to adopt a technologically advanced Letter of Credit (LC) mechanism, after the government allowed the Business Processing Reengineering (BPR) carried out on the institution be implemented.
According to sources from the Bank, pilot testing has already started on three of the 197 branches the bank operates throughout the country, namely the Arada, Addis Ketema and Temenja Yajz branches.

Local News

EPA deal weakening AU solidarity

Commodity price hike still unsolved

WTO director general discuss with Chamber members

ETC employees request land

Art & Culture

Africa here to stay!

Painting for international peace


Interview

Bulwark in stormy climes

Like a cone of vanilla ice cream left in the sun too long, the polar icecaps are melting at a rate that has alarmed even the most ardent critics of the global environmental movement.
Climate change is no longer disputable. It is upon us already, its frequency and impacts will accelerate and if we are to survive as a viable species - with a semblance of civilized existence urgent and radical mechanisms have to be rolled out to mitigate the impact of inevitable climate change events over the next several decades.

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		A TOUR OF Italian Archives on Ethiopia
		Today, dear Reader, I will take you on a tour of some Italian and Ethiopian archives. Let us start in perhaps the easiest way by looking at the UNESCO-sponsored Guide to the Sources of the History of Africa, more especially the volume on Italian-sources: the Guida delle Fonti per la Storia dell’ Africa a Sud del Sahara esistenti in Italia.
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Amazing Africa and Incredible India

By Teguest Yilma, New Delhi, India

The India-Africa Editors’ Conference held Thursday April 3rd in New Delhi noted the huge responsibility the media has in partnering the ongoing resurgence in India and Africa.
Opening the one day conference, Indian minister of state for external affairs, Mr. Anand Sharma, stressed the need of fashioning a more robust and contemporary strategic partnership between the two continents.