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  Click here for Last Week's Issue Updated February 25, 2008


Photo caption: Partaking in Ethiopia’s cherished coffee ceremony, Austrian President Heinz Fischer tries his hand at making coffee the Ethiopian way, in Sebeta at the National Fishery and other Aquatic Life Research Center (NFALRC) on Thursday, February 21, 2008.

Austrian President lauds bilateral ties Economic co-operation up by 500%

By Tedla Yeneakal

Federal President of the Republic of Austria, President Dr. Heinz Fischer told Capital in an exclusive interview, upon his conclusion of a three-day official visit to Ethiopia, that he has had a fruitful discussions with Ethiopian leaders on the continent’s crises including the Kenyan election violence, the Darfur humanitarian situation, Chad and the Ethio- Eritrea conflict. The Austrian president arrived here on Wednesday Feburary 20, 2008.

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Tesfaye Birru et al to appear in court on Tuesday ETC announce 728.4 mln br net profit

By Groum Abate

Tesfaye Birru, former Managing Director of the Ethiopian Telecommunications Corporation (ETC) and 12 other former officials are to appear on Tuesday, February 26, before the Lideta Federal High Court 1st Criminal Bench.
The officials are charged in connection with procurement deals with Ericsson and Alcatel Lucent. The court granted the Federal Ethics and Anti-corruption Commission’s prosecutor a one week extension to complete investigations.

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Millennium International Trade Fair opens
India leads among foreign participants

By Kirubel Tadesse

The 12th Addis Chamber International Trade Fair (Millennium Fair) is being attended by twenty seven countries, comprising 300 participant companies, from which India holds the largest participation by any country in the fair’s history.
The Embassy of India has announced that the aim of India’s participation is to bring businessmen together on a common platform for increased exposure to each other’s market.

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Awash Bank boosting IT systems

By Muluken Yewondwossen

Awash International Bank is developing its information communication (IT) system in order to achieve acceptance by the Ethiopian Commodity Exchange (ECX) and to strengthen its relationship with grain exporters.
Mitiku Abeshu, Awash International Bank vice president told Capital that his bank currently has many grain exporter clients. “To continue our relationship with grain exporters, we should participate in the operations of the ECX.

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Interview
 

Finding serenity in South Omo

Ethiopia has always drawn the interest of a wide ranging spectrum of global travelers and those who wish to seek their destiny in this cradle of humanity.
The list is long of foreign admirers who traversed great distances, often on uncharted journeys of discovery in search of this beautiful country and more importantly, of themselves.
The imperial courts of Ethiopian dynasties hosted explorers, traders, emissaries and itinerant bards, as recounted in the chronicles of times past. However, Ethiopian hospitality was not limited to the upper crust of society.

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Entreprenuer Profile is Capital’s youngest page and is already eliciting warm reviews. We have received dozens of e-mails, scores of letters and a clamor of phone calls of appreciation, suggestions and ideas which will all contribute for a better Entrepreneur Profile strengthened by your continued participation.

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Ethiopia's Historic Heritage and the Struggle for its Preservation
 
Pankhurst's Corner continues this week on the theme of heritage preservation, highlighting the nation's precious trove of rare manuscripts. The professor illuminates us on efforts underway in various initiatives, to maintain and establish the repositories of Ethiopian antiquity.
  
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A place of beauty and diversity

By Addis Mulugeta

The Southern Nations and Nationalities and People’s Regional State (SNNPRS) in Ethiopia has diverse biological resources and endemic mammalian and avian fauna.
South Omo in SNNPRS, is where wild life resource of the region, including Omo National Park, one of the largest parks in Africa, exists. Cultural and ethnical attractions of South Omo embraces 16 ethnic groups that have their own languages and cultures.

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