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Price Freeze Uncertainty Plunges Market in Chaos

January 18, 2011 admin 0

The government’s move just before the Ethiopian Christmas to freeze the prices of certain commodities has created chaos in the market as consumers and traders are confused about where in the chain the set prices apply.

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Government imposes price ceiling

January 14, 2011 admin 0

“You are the result of our system,” Meles told the business community which has come out from the shadow of communist system along with the current regime. The prime minister said it is the government’s responsibility to support the private sector as it the basis of the country’s development.

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We have made history!

January 4, 2011 admin 3

“We have made history!” Ethiopian CEO Girma Wake said on Thursday, flanked by his successor Tewolde GebreMariam and his new management team. Indeed they made history with Girma Wake writing the main chapter.

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Royals Pay 25m Br for Return of Wabi Shebelle

December 13, 2010 admin 0

The grandchildren of Emperor Haileselassie paid 25 million Br, which they secured from Dashen Bank, required for the return of the Wabi Shebelle Hotel from the Privatisation and Public Enterprises Supervision Agency (PPESA) last week.

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Askallukan managing director arrested in Germany

December 7, 2010 admin 1

Girmay Gebremichael, the major shareholder and managing director of Askallukan Trading P.L.C. who was suspected of defrauding 45 million birr from over 1,200 people in connection with the 2010 FIFA World Cup, was arrested in Frankfurt, Germany, on Monday, it was learnt.