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Ghion deal collapses

March 14, 2011 admin 0

The Privatization and Public Enterprises Supervising Authority (PPESA) has terminated the 512 million dollar deal with Aklile Berhan Mekonnen (Prince), who had entered a contract […]

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Ethiopian Selects HQ Design from Second Competition

February 28, 2011 admin 0

The total built-up space of the four-storey building will rest on a 15,000sqm floor area located on its present compound at Bole International Airport. It is planned to contain finance and administration departments, a planning unit, archives, a conference hall, and underground parking. The overall project is estimated to cost 300 million Br.

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Arkebe to probe mishandling of staff assignment in EthioTelecom

February 27, 2011 admin 3

Prime Minsiter Meles Zenawi has assigned Arkebe Oqubay, advisor to the Prime Minster with the rank of minister, to investigate and take appropriate action over the mishandling of the reassignment of the staff of the former Ethiopian Telecommunications Corporation (ETC) following the takeover of its management by France Telcom in December 2010. Out of the 12,000 employees only about 4,000 have been assigned to new posts in the newly formed company called EthioTelecom while the fate of the remaining still not yet known.

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Ethiopian Cargo Wins “AFRICAN CARGO AIRLINE OF THE YEAR” Award

February 26, 2011 admin 4

Ethiopian Cargo proudly announces that it has won “THE AFRICAN CARGO AIRLINE OF THE YEAR” award at the Air Cargo Africa 2011 Conference held in Nairobi Kenya on 24 February 2011. The award was organized by STAT TIMES International for excellence in Air Cargo in Africa. According to the STAT TIMES, Ethiopian Airlines Cargo has won the nominations of its readers worldwide for the “STAT TIMES International Award for Excellence in Air Cargo” in the category of AFRICAN CARGO AIRLINE OF THE YEAR.

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LOCAL, GERMAN FIRMS DISPUTE DELAYS CBE HQ PROJECT

February 16, 2011 admin 0

A dispute between Universal Consult, a local consultancy firm, and HENN Architecten, a German company, which won the bid for designing the headquarters of the Commercial Bank of Ethiopia (CBE) as partners, has led the project to lag one year behind schedule, bank president Bekalu Zeleke told The Reporter.

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Rising cement price baffles builders

February 16, 2011 admin 0

According to experts the price increment is because of a gap in the market between supply and demand, which would make sense since that is the usual reason that cement prices go up.