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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.

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District Closes 20 Atkilt Terra Shops

October 26, 2010 admin 0

The Arada District Trade and Industry Office sealed off 20 produce shops in Atkilt Terra, the biggest fruit and vegetable market in Addis Abeba, two weeks ago over claims of price gouging, trading without a proper licence, and hoarding.

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Meskel Celebrated in a lively way

September 27, 2010 admin 0

The followers of the Ethiopian Orthodox Church lit a big bone fire (Demera) in commemoration of the Finding of the True Cross by Empress Eleni yesterday at the Meskel Square in Addis Ababa.

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Bethlehem Tilahun to speak at the Clinton Global Initiative meeting

September 10, 2010 admin 0

Bethlehem Tilahun Alemu becomes the first African entrepreneur to be invited in this yearly event. She will join with other top attendees like US First Lady Michelle Obama, US Secretary of State Hilary Clinton, Sinn Féin President Gerry Adams, former Heads of State, CEOs, philanthropists, leaders of NGOs, academicians and prominent members of the media.

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Addis Ababa City Administration demolishes Houses in Yeka Sub City

September 7, 2010 admin 0

The Addis Ababa City Administration’s, Yeka Sub City, has demolished 57 residential houses that are “illegally” constructed after and during the 2005 national election. The tenants who left their houses last Monday told Capital that some of the tenants have started to live in temporary plastic houses around the demolished area.