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  Click here for Last Week's Issue Updated June 16, 2008


The iconic Bedilu Building located on the way to Mexico Square and near the Commercial College of Addis Ababa University is to be put out to auction on July 18, 2008, with a bidding set to start at 10.07 million ETB

Bankers, governor debate National Bank draft law

By Tedla Yeneakal

Bankers representing the private and public financial sectors held a heated debate over the new draft proclamation of the National Bank of Ethiopia (NBE), on Friday, June 13, 2008 at the House of Federations.
NBE Governor, Tekelewolde Atnafu and Budget and Finance Affairs Standing Committee Chairman, Wana Wake jointly defended in parliament issues relating to several proclamations, which representatives of financial stakeholders questioned at length in a closed session, according to sources present at the meeting.

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Saudi billionaire shows interest in Sodere, EPHARM

By Groum Abate

A Saudi billionaire is eyeing Ethiopia for investment. The billionaire shows interest to acquire Sodere Resort and Ethiopian Pharmaceuticals Manufacturing.
The Saudi billionaire meets with various officials during the week also wishes to work with the government in different kinds of projects on joint venture. The billionaire according to sources is interested to invest in Addis Ababa in the hotel and hospital sector.

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UDJ says police ban founding congress

By Kirubel Tadesse

The Unity for Democracy and Justice (UDJ), a political party under formation by the former Coalition for Unity and Democracy Party (CUDP) majority led by First Chair Birtukan Medksa, informed Capital that its founding congress meeting has been banned by Bole Sub City Police.
Birtukan told Capital on Friday, June 13, 2008 evening that all the necessary preparations had been finalized and participants from regions were on their way for the meeting, only to learn the sub city police has demanded a license for the meeting.

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AB.HAM promotes more, better cement

By Muluken Yewondwossen

A local company; AB HAM Enterprise, is to import five thousand liters of chemicals which save more than 40% of the price cement factories spend on grinding. Operations sprayer machines for drenching the chemicals will also be imported along with the chemicals.
U.K. based Fosroc International will supply the chemicals through its local representative AB HAM. This was disclosed on June 11, 2008 at a workshop the later company organized and attended by representatives from local cement factories, building contractors, architects and consultants.

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Harmonizing culture and development
On repositioning Africa’s future

The recognition and accreditation of culture and its values for the overall development of a society have remained unnoticed in many countries in Africa for ages.
Even though multiple approaches were introduced and practiced to address development issues and socio-economic challenges, the values and contributions of culture in development strategies was recognized by the United Nations very recently.

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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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Animals as Ambassadors: An Essayin Afro-Asian History
 

If you by any chance have ever been to Djibouti seen and the huge numbers of Ethiopian cattle and other animals herded onto ships for export donot be surprised. Over the centuries and further back in time this land of bountiful and richly diverse flora and fauna by way of trade and diplomacy, has amazed far off lands with fabulous creatures from exotic Abysiniya. A few species did mange to enter Ethiopia - including a parrot which apparently was not taught to cry for help in any of the four languages it spoke…..

 

  
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An Obama victory:
what effect on Ethio-U.S. ties?

By Kirubel Tadesse

Carrying his message of change, Barack Obama has started the U.S. general election as the favorite in Iowa State after a hard fought win over Clinton. He already made public his top three agendas [universal health care, better economy and responsibly to withdraw from Iraq] for the American people but whether he would meet expectations of the rest of the world if elected president of the United States is a keen question especially among Africans, who are particularly excited over his victory.

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