Capital

Finally, Ambo gets partner

By Muluken Yewondwossen

Ambo Mineral Water Factory is under negotiation with a company based in South Africa, SABMiller Beverage, for joint venture management. According to the nine months report presented to parliament, Ambo has finalized the study for expanding the Factory.

Minister orders cancellation of Bedilu bldg. auction

By Tedla Yeneakal

Sufian Ahmed, Minister of Finance and Economic Development (MoFED), has ordered for the cancellation of an auction on Bedilu building, after it was announced on a state owned newspaper last week by the Construction and Business Bank (CBB), that the owner was unable to pay his due.

Revenues Ministry urges key tax reforms

By Kirubel Tadesse

The Ministry of Revenues (MoR) is soon to allow taxpayers transfer loss and have it deducted from the coming year’s profit, before validating audit reports that show stated loss.
MoR is also pushing for another amendment to avoid challenges faced while enforcing the existing tax laws and prosecuting offenders.

Directive imposes VAT on NGO’s, embassies

By Tewodros Kebkab

The Ministry of Finance and Economic Development (MOFED) has put in place a new directive on Non-Governmental Organizations (NGO’s) and Embassies, starting as of mid-June 2008, for the stated organizations to collect and pay Value Added Tax (VAT) on any services they carry out.

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Local News

Ethiopia buys $80 mln oil from ExxonMobil

Ministry to assist South Sudan housing

UDJ holds founding congress, names Birtukan Chair MP Temesgen among deputies

Foreign companies dominate mining investment

Art & Culture

Liberation Heroes III

Friendship expressed through musical dance performances

Alliance Ethio-Francaise celebrates Music Day


Interview

Life is the greatest gift

What is the measure of a man’s worth among his fellow humans? If it is a blessedly long and productive marriage and a comfortable life from a highly lucrative career, then our interviewee of the week has more than qualified. However, if the guage of a life well lived is on how that person applied the above blessings for a higher purpose- to contribute hope to a society that he holds close to heart and mind Mr. Bambis has enriched his life by being passionate about sharing his blessings with the less fortunate.

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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.

		Ethiopian Twentieth Century History Revisited
		Emperor Menilik, his Swiss technical advisor Alfred Ilg, Italian and French duplicity and how Djibouti came to be spelled with a 'G'… These and more fascinating facts from modern Ethiopian history make this week's corner a must read.
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Focuses of Africom