Remittances reach one Bln USD
By Muluken Yewondwossen
During the last fiscal year [July 07-July 08], Ethiopia earned one billion dollars from international remittances transferred from Ethiopian and foreign nationals. This exceeds by 367 million dollars the previous year's remittances, according to a source within the National Bank of Ethiopia (NBE). In fiscal year 2006-07 the remittance was only 633 million dollars. The official report is expected at the end of August, added the source.
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Djibouti Port tariff raise postponed
By Tedla Yeneakal
A new port tariff increment by the Port of Djibouti, scheduled to be effective as of Friday, August 15, 2008, has been postponed indefinitely, after the committee set up by the Ethiopian government to study the tariff revision sent recommendations in response.
An official at the Ministry of Transport and Communications told Capital that the technical committee finalized its assessment on the port tariff revision and sent this to the Djibouti government by way of the Prime Minister's office.
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EPRDF raises 70 mln birr: report
By Muluken Yewondwossen
The Ethiopian People’s Revolutionary Democratic Front (EPRDF) has collected 70 million birr from various businesses for the construction of a headquarters and a training center at Arat Kilo and Sendafa respectively, according to a report by the party published for its seventh annual assembly.
EPRDF had previously requested various businesses and associations to raise funds for the realization of the project.
The funding is raised by cash and in kind and the latest figure released comes after EPRDF announced a month ago that it had raised about 58 million Br from party members, some four and a half million people.
Real Estate business to go operational in Bahir Dar
By Addis Mulugeta
A real estate project with an allotted 150 sq mts is about to launch in Bahir Dar town, near the road to Zege Island from Bahir Dar International Airport. 400 family heads will be accommodated within 108 mid- level and other luxurious villas, each encompassing 150 to 750 meter squares.
According to Minyichil Getnent, General Manager of Impact International Engineering owner of the project, it will also include 8 two storey apartments. He said his company will construct 26 bungaloes, kindergartens and elementary schools, clinics, supermarkets and other shops. As per the four-year program, 200 houses are to be constructed and transferred to owners and with another 200 to be finalized over the next three years.
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