Ethiopia ranked 169 in HDI
Sub-Saharan nations to lose out on $26 bln due to climate change
By Groum Abate
Ethiopia has been ranked 169th among 177 countries
surveyed by the Human Development Index (HDI), according to the
2007/2008 Human Development Report (HDR) released by the United
Nations Development Program (UNDP).
Iceland and Norway get first and second positions respectively
as the most decent places to live in. Australia, Canada, Ireland,
Sweden and Switzerland follow with the United States securing
12th place.
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Explosion at
CBE Merkato Branch
By Tedla Yeneakal
A bomb has exploded inside the building of a Commercial Bank of
Ethiopia (CBE) branch, commonly known as Abakoran located behind
the Grand Anwar Mosque on Friday afternoon, at around 2:30PM, damaging
some of the building’s windows.
Abe Sano, President of the state owned CBE, told Capital that it
is too early to specifically comment on the extent of damage, although
it was clear that there were no human casualties.
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NBE gold scandal brewing
By Groum Abate
The Federal High Court, First Criminal Bench, has given a 12 day
period for pressing charges on businessmen suspected of involvement
in the recent gold scandal that has hit the National Bank of Ethiopia
(NBE).
The court granted the investigation period for the Federal Ethics
and Anti-corruption Commission, at a hearing held on Friday February
29, 2008.
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Ethiopian textile and apparel industries
set for stimulation
By Kirubel Tadesse
Hearing an ambitious offer for partnership from Victor and Lily
Bag Makers and Garment Trades plc, Ethiopian textile and apparel
industries aspire to produce in full capacity to markets the former
guarantees to find after putting in place compliance, code of conduct
and quality assurance of a global standard.
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