Royals Pay 25m Br for Return of Wabi Shebelle

Royals Pay 25m Br for Return of Wabi Shebelle
December 13, 2010
Addis News

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.

Askallukan managing director arrested in Germany

Askallukan managing director arrested in Germany
December 7, 2010
Addis News

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.

Ethiopia Airport Enterprise to undertake expansion work at Bole International

Ethiopia Airport Enterprise to undertake expansion work at Bole International
December 6, 2010
Addis News

Ethiopian Airports Enterprise said, it will undertake a 460 million Birr ($27.9 mil) expansion work at Addis Ababa Bole International airport. The project will increase the aircraft parking capacity from 18 to 43.

District Closes 20 Atkilt Terra Shops

District Closes 20 Atkilt Terra Shops
October 26, 2010
Addis News

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.

Anbessa Plans to Shell out 950m Br for New Buses

Anbessa Plans to Shell out 950m Br for New Buses
October 26, 2010
Addis News

Addis Ababa City Roads Authority signs deal for the design of a designated bus lane.

Ethiopia’s Oromo people celebrate once-banned festival

Ethiopia’s Oromo people celebrate once-banned festival
October 24, 2010
Lifestyle

Cheered by the throng, Oromo dignitaries in traditional headdresses, lion skins and brightly-coloured velvet made their way to the edge of Lake Hora for an annual thanksgiving.

Africa most desired among young travellers

Africa most desired among young travellers
October 14, 2010
Africa/World

Young people are trendsetters, and new research shows that Africa has become the most desired travel destination for Western youths. The trend bodes well for Africa’s booming travel industry.

Addis Abeba City Administration Plans Upgrades

Addis Abeba City Administration Plans Upgrades
October 4, 2010
Addis News

City administration adopts new Urban Development Plan, plans to implement previously made plans.

Local Designs Draw Fashionistas to Platform

Local Designs Draw Fashionistas to Platform
September 28, 2010
Lifestyle

Ethiopia’s First International Fashion Week was successfully hosted in Addis Abeba last week to unite big industry players from across Africa in a bid to bring about sustainable development through fashion, writes MIREILLE DE VILLIERS, SPECIAL TO FORTUNE.

Meskel Celebrated in a lively way

Meskel Celebrated in a lively way
September 27, 2010
Addis News

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.