Reporter, Ethiopia
November 22, 2008
CBE wants gov’t to intervene
An over 170 million birr loan taken by Midroc Construction in which the Sheraton Addis was used as a collateral has been listed by the Commercial Bank of Ethiopia (CBE) as non-performing loan.
CBE wants to foreclose the hotel but says it has problems and wants the government [...]
November 21, 2008
Fri 21 Nov 2008
ADDIS ABABA - Ethiopian Airlines said on Friday it had signed an agreement to buy eight Bombardier nextgen turboprop aircraft worth $242 million to satisfy growing domestic demand.
“Following the rapid growth of the Ethiopian economy, we have been experiencing an appreciable rate of growth in market demand on the domestic [...]
afrol News, Norway
21 November 2008
The Eritrean Ministry of Foreign Affairs in a statement has blamed Washington’s alleged policy of “balkanising Somalia” for being the root cause behind piracy off the Somali coast, adding that breakaway Somaliland and Puntland must return to Somalia to create a forceful unit.
Eritrean government statement
According to the official Eritrean statement, [...]
Peacefm Online, Ghana
Friday, 21 November 2008
A reporter with a France-based publication, Le Monde Diplomatique, once wrote that “the Nigerian film Industry has served in no small measure in laundering Nigeria’s battered image abroad”. How true the statement rings. From Nairobi to Kampala, from Dar es Salam to Addis Ababa, Nigerian home videos are selling like [...]
Fortune, Ethiopia
November 16, 2008
WUDINEH ZENEBE
Nyala Insurance S.C. has received the first ever claim for natural disaster from farmers in East Shoa Zone of Oromia Regional State since it pioneered the issuing of a crop insurance policy to the farmers in that area two years ago.
Nyala issued the particular insurance policy for the first [...]
Reuters
Fri Nov 21, 2008
ADDIS ABABA - The death toll from floods in southeastern Ethiopia has risen to 17 and more than 100,000 people have been left homeless, the government said on Friday.
The Wabe Shebelle river burst its banks last weekend after 10 days of heavy rain in the highlands, drowning thousands of livestock, wrecking crops [...]
Peninsula On-line/AFP, Qatar
November 21, 2008
NAIROBI: A proposal by Somalia’s president to move reconciliation talks with the Islamist opposition from Djibouti to Libya threatens to cripple peace efforts and undermine the government, observers said yesterday.
President Abdullahi Yusuf Ahmed suggested on Tuesday that the UN-sponsored talks, which started in May, be moved to Tripoli, highlighting [...]
Reuters
Fri Nov 21, 2008
ADDIS ABABA - The death toll from floods in southeastern Ethiopia has risen to 17 and more than 100,000 people have been left homeless, the government said on Friday.
The Wabe Shebelle river burst its banks last weekend after 10 days of heavy rain in the highlands, drowning thousands of livestock, wrecking crops [...]
The Economist
Anarchy in Somalia
Nov 20th 2008
Pirates are only part of a much bigger problem in east Africa
IT IS tempting to be jaunty about piracy. So what if a few Robin Hoods in skiffs nick the odd tanker off the Horn of Africa? Often enough, the owners pay ransom and nobody gets hurt. Everyone needs a [...]
BBC
November 20, 2008
Somalia must be helped by the international community to stop it becoming a “magnet for pirates,” a senior Egyptian official has said.
Deputy foreign minister Wafaa Bassem, who chaired a piracy crisis meeting of Red Sea states, called for political, humanitarian and economic help.
And a top African Union diplomat called on the [...]
