Capital

Ethiopian Commodity Exchange forming

By Muluken Yewondwossen

Ethiopian Commodity Exchange (ECX), the first commodity exchange market system, introduced by Eleni G.Medhin, senior economist of the World Bank, has launched the first membership registration this week, with the government allocating 194 million birr.
According to Eleni Zaude Gabre Medhin (PhD), ECX chief of party, any individual, company, public enterprise and cooperative that meets the requirements for exchange actor recognition from the Ethiopian Commodity Exchange Authority is eligible for ECX membership.

New deal for Ethio-Djibouti railway

By Muluken Yewondwossen

The Ethio-Djibouti Railway Authority has begun talks with the Fuad Algarim Group, a Kuwaiti company, to give a concession for twenty years. According to our source from the Ethio Djibouti Railway Authority, the discussion is promising.
The source said that the company will improve the system and import modern locomotives because the existing are old and of poor quality.
MORE

Ethio – French relations blossoming

By Abiy Demilew

A French parliamentary delegation led by Jean-Louis Christ, permanent parliamentarian and mayor of Ribeauvillé, on a special two day visit to Ethiopia, announced that French-Ethiopia and French-Africa relations are opening new pages of bi-lateral and multi-lateral relations.
The delegation of French parliamentarians has held talks with Prime Minister Meles Zenawi, Teshome Toga, Speaker of the House and Professor Alpha Omar Konare, Chairperson of the Africa Union, on French-Africa relations and cooperation.

Local News

Birtukan’s group considers forming new party

Basic Metals and Engineering Industries Association begins functions

Holland Car plc expands assembly

House endorses 85 mln USD loans An EPRDF MP gives up seat

Art & Culture

Kingdom of Swaziland

"BEAUTY DOES;T MAKE ACTING EASY"


Interview

The woman behind the biggest dream

We've also developed very extensive rules of the exchange which go with the trading system; the delivery, warehousing, settlement, conduct of business, arbitration in case of disputes and we've setup a huge notification and market information dissemination platform....’

Eleni G.Medhin, left her job as a World Bank senior economist in Washington D.C. in part because she was disturbed by the 2002 famine which wracked Ethiopia. Her proposed solution was to establish a commodities exchange, inspired by the Chicago Mercantile Exchange. It seems her dream is turning into reality as currently, she is introducing to the country the Ethiopian Commodity Exchange / ECX.

Click here

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.

		The Ancient City of Aksum: Its Origins, Zenith, and Decline
		For hundreds of years up to its rapid decline in the early 7th century, Aksum had reigned as one of the most powerful empires of antiquity. This week's Pankhurst's Corner explores the rise and eventual decline of this mighty civilization.
			Click Here

Roman times economic thought was found hidden in the laws, customs and institution of that society. Later the economic thought in the strictest sense of the term first emerged but surpassing this fact economics has inscribed abrupt disciplinary expansion and attained a quantum leap in world history. In the last three decades economics and law have become the most closely married disciplines, explains Peter Newman, in "The new pal grave encyclopedia of economy and the law."