Africa’s busy week
in Addis Ababa Ministry of Finance assumes tariff regulation
By Kirubel Tadesse
Aiming to protect emerging industries from being
driven out of the market by imported foreign products, the Council
of Ministers has been the responsible body to impose custom tariff
whenever it finds it necessary as per Proclamation No. 67/1993
article 4. But according to the committee which was studying best
practices on custom tariff, the Ministry of Finance and Economic
Development is better suited for the job.
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Second largest
flower farm budding
By Muluken Yewondwossen
The signing agreement for the second largest flower and horticulture
investment project in Ethiopia, valued at 1.5 billion ETB, was held
on Monday January 28, 2008 between Oromia Investment Office and
Shadi plc..
According to Legesse Geleta, a senior expert in Oromia Investment
Commission, this kind of investment is the first near Ambo town
of West Shoa Zone. He added that the project is the second largest
flower investment in the country next to the south east Oromia based
Share Ethiopia, a Dutch investment near Zeway town.
World Bank – poor being left behind
By Groum Abate
World Bank-financed projects to bring electricity to rural areas
around the globe shortchange the poorest of the poor, according
to a study by the bank’s independent evaluation unit.
The study, due to be released today, finds that electric grids expand
mostly to areas near urban clusters, rarely to more-remote areas
where people live on less than $1 a day. In rural villages that
do have electricity, as many as 20% of villagers may go decades
without hooking up to power because of connection charges that can
range from $100 to $300.
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