Archive for the ‘Crousel’ Category

The National Bank of Ethiopia (NBE) is to issue a directive to control money laundering in view of restraining terrorist transactions. Sources told Capital that the new directive, scheduled to be issued shortly, is expected to block illegal money transfers. The central bank's legal office, that regulates and monitor financial institutions in the country, told ... Full story

The East African Bottling Share Company (EABSC) restarted production of Coca-Cola on Tuesday night after importing crown corks from Kenya. A shortage of bottle tops forced the closure of EABSC's Addis factory almost two weeks ago. Officials told Planet that the factory started production of Coca-Cola with a 24 ... Full story

The Ethiopian Telecommunications Corporation (ETC) has launched a pilot for notifying post paid mobile phone subscribers of their bills through text messages. "This message is for testing purpose notifying postpaid customer's bill through SMS, your bill for Feb 2009 is Birr……Thank you. ETC," runs the first message the corporation sent on March 24. ETC has allocated ... Full story

Air Ethiopia, the newly established local private airline company, is seeking to acquire two additional Beech 1900s in three to four weeks’ time, Capital learnt. After obtaining an operational license from the Ethiopian Civil Aviation Authority (ECAA) a month ago, it has already started conducting flights to different parts of the country. Founded by Captain Abera Lemi, a ... Full story

"Teza", an Ethiopian film about the brutal Marxist regime of former president Mengistu Haile Mariam wins this year's top prize at Africa's film festival held in Ouagadougou, Burkina Faso. Directed by Ethiopian Born and current Howard University professor Haile Gerima, the film was the unanimous choice for this ... Full story

Farmers in the Oromia Regional were recognized with award in the 3rd annual Farmers Festival held in Adama (Nazret), Oromia. Regional President Abadula Gemeda said the awards recognize the efforts farmers are making in contributing their efforst towad the future goal of helping the country join the exclusive group of middle-income earning nations. These farmers, ... Full story

By Muluken Yewondwossen and Groum Abate Construction of the Gilgel Gibe II hydropower dam that is expected to curb the current severe power shortages has been ground to a stop after a geological phenomena occurred at the site. The continuation of the Gilgel Gibe I project using the water discharged by the dam currently ... Full story

In our U.N. Land Rover, we continued down the dusty, dirty jungle road. We saw monkeys and baboons all along the way. The giant male baboons considered our vehicle for a long time before slowly sauntering out of the middle of the road. About 30 minutes later, we ... Full story

Holland Car Plc, the first car assembly plant in Ethiopia, unveils on Monday its third new model car AWASH, named after the major Ethiopian river, Awash. Company’s products are getting high consumer demand since the introduction of the second car ABAY last year, company manager, engineer Tadesse Tesema said. Abay car, which is also named after the biggest ... Full story

Ethiopian pop star Teddy Afro has been sentenced to six years in jail for the manslaughter of a homeless man. The singer was found guilty of running the man down in his car and driving away without reporting the incident in Addis Ababa in 2006. Ethiopia's best-known pop star was also convicted of driving without a ... Full story