Modern link over ancient river
By Tedla Yeneakal
A new 9 meter wide, 303 meters long cable-stayed bridge spanning the
river Abay, constructed by Japanese firm, Kajima Corporation at a cost
of 14 million dollars, was inaugurated by Prime Minister Meles Zenawi on
the eve of Ethiopian new year, on Wednesday, September 10, 2008. The
first of its kind in the country, when it is open for traffic in
october, the bridge will reduce the time it takes to drive from Addis
Ababa to Dejen, from 10 hour to 4 hours. The bridge has a life-span of
50 years without maintenance and 100 years with minor maintenance. Our
reporter, Tedla Yeneakal was amongst a group of journalists, present for
its dedication...
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United Bank launches internet banking
By Kirubel Tadesse
United Bank, one of the local share companies operating in the banking sector, has announced that it has launched Internet banking service - the first one in the nation’s banking history. Through this service, the bank’s customers can follow the status of their loans and valid letters of credit.
Internet banking also gives customers a chance to learn information like foreign exchange rates and personal account summary, which customers can also print or copy for any desired usage.
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Oromia Bank close to certification
By MulukenYewondwossen
Oromia International Bank (OIB), the country’s youngest private bank is a few steps away from finalizing the process with the National Bank of Ethiopia (NBE) to open the first branches of the Bank, Messele Seyoum, business development and planning department manager of OIB disclosed to Capital.
OIB was officially established six months ago.
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Water authority to build branch offices
By MulukenYewondwossen
The Project Division of the Addis Ababa City Water Sewerage Authority (AAWSA) is undergoing a bid process to build two area branch offices around Bole, sources disclosed.
According to sources from the Division, the seven and five storey buildings are designed by the state owned Ethiopian Building Design Enterprise (EBDE). The seven storey building would be the eastern branch of the Authority and the other one is for the northern. The bid will be closed on September 22, 2008 and construction work is scheduled to commence during this budget year.
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