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  Click here for Last Week's Issue Updated May 26, 2008

By Groum Abate

With a population of more than four million, Addis Ababa is not only the political capital but also the economic and social nerve-center of Ethiopia. Founded by Emperor Menelik in 1887, this big, sprawling, hospitable city still bears the stamp of his exuberant personality. More than 21,000 hectares in area, Addis Ababa is considered very difficult to run.
Kuma Demeksa and Kefiyalew Azeze have been elected Mayor and Deputy Mayor respectively for the Addis Ababa City Council on Tuesday May 20, 2008 becoming the first elected Mayor since the new Addis Ababa Charter was launched five years back.

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Ministry bans importation of vehicles of over 5 years

By Tedla Yeneakal

The Ministry of Transport and Communications is considering to pass a directive that would prohibit second-hand vehicles imported to the country that are more than five years old.
Berhanu Amsalu, public relations head of the Ministry of Transport and Communications, told Capital that the directive that would likely be put in to effect the coming July, is necessary for effective usage of fuel as well as restricting pollution.

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Financial shortage delays, condo projects

By Muluken Yewondwossen

Because of financial constraints and rising prices of construction materials, the Addis Ababa Housing Development Agency (AAHDA) has decided not to start the construction work on 38,000 condominiums, until the end of this year.
According to Tesdale Mamo, general manager of AAHDA, the finance shortage occured because funds expected from the city finance bureau were not available in time.

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Bulcha sees Meles adopt ‘no nuclear science’ strategy

By Kirubel Tadesse

Targeting to bring down ever worsening inflation that is shooting up grain prices in local markets, Prime Minister Meles Zenawi announced that 1.5 million quintals of imported wheat will arrive in Ethiopia in the next six weeks, which is according to MP Bulcha Demkisa, his proposal that was turned down last March.

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Boosting financial intelligence

Accountancy, among the more demanding fields of study, is also one of the most vital links on the economic chain. It is not then at all surprising that acquiring peer accreditation in accountancy is considered to be a distinction.

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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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A Chapter in the History of the Ethiopian Pres

 

Very few Ethiopians have ever heard of “Amda Berhan Za Ityopeya”, an underground newsletter of the anti-fascist patriots during the Italian occupation. Fewer still may know of where a copy of this historic journal could be found. It you are one such, please do contact the writer and share in preserving a part of Ethiopian history.
 
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Creative industries
The under-utilized African resources

Part 2

By Abiy Demilew

In the first part of this article, we’ve seen how Creative Industries kept impacting on the global economic scenario and how the developed countries continued to benefit from these booming economies, which, as confirmed by the UN’s report, are mentioned as the most dynamic sectors in world trade, with an average annual growth rate of 8.7 per cent ie USD 424.4 billion, representing 3.4 per cent of total world trade.

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