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Thursday, 02 September 2010 07:05 |
ADDIS ABABA, Sept 1 (Reuters) - The Ethiopian birr ETB was devalued by 16.7 percent on Wednesday, according to exchange rates published on the central bank's website, a move welcomed by the International Monetary Fund (IMF).
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Monday, 30 August 2010 16:37 |
 With the delivery of its first 777-200LR in November 2010, Ethiopian will be the first airline in Africa to operate the world’s most technologically advanced, and longest-range airplane in the world, further reaffirming its leading position on the continent.
Ethiopian Airlines currently operates an all-Boeing fleet, including the 737, 757, 767, MD11 Freighter and one 747 Cargo aircraft. In addition, Ethiopian Airlines was the first airline in Africa to order the 787 Dreamliner. Ethiopian’s vision of the future includes five 777-200LRs and ten 787s, as well as 12 Airbus 350s, all of which will significantly enhance its network expansion and generate more revenue.
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Wednesday, 25 August 2010 06:00 |
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By Mersae Kidan
These days it would be rare for one to surf Ethiopian affiliated internet resources and not find an article about neoliberalism written by a revolutionary democrat. One would be forced to wonder “what is all the fuss about Neoliberalism?” It looks some of the old tactics of the revolutionary democrats which have been relegated to old files are resurrecting. In the old days all revolutionary parties including the current ruling party and others like EPRP and AESM (Meison) were so vocal in reciting their opposition to Imperialism. Read more (pdf) |
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Monday, 16 August 2010 23:47 |
Ask any of the thousands of Ethiopian immigrants working as parking attendants or cabbies around Washington whom they aspire to be like, and you'll probably hear about Henok Tesfaye.
Tesfaye, 37, started as a parking valet in downtown Washington two decades ago, saving a few hundred dollars each month to pay for business classes and start his company. Today, his U Street Parking (named after his first parking lot, at 12th and U streets NW) ranks among the biggest parking companies in the region. Read full article (Washington times) |
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Thursday, 12 August 2010 06:40 |
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Ethiopia's Prime Minister Meles Zenawi says bilateral ties with the United States are on the mend after months of tensions. Mr. Meles promised a wholesale government reshuffle due in October will include a restructuring of Ethiopia's diplomatic missions.
The Ethiopian leader told reporters Wednesday that what he called 'a rough stretch' in relations with Washington appears to be over.
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Friday, 06 August 2010 15:01 |
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Source Addis Fortune
By Yared Haile-Meskel
It is puzzling to read about the arrest of high profile businesspeople for alleged value-added tax (VAT) offences.
VAT is tax imposed on consumers, not on businesses. If a company sells its product without VAT, it is the company that will lose money, for it cannot reclaim VAT this is included in goods and services it purchased.
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