Ethiopia's Deresse Mekonnen wins 1500m Silver

August 19th, 2009

Ethiopia's Deresse Mekonnen wins 1500m Silver

Ethiopia's world indoor champion Deresse Mekonnen claimed a surprise 1500m silver in 3:36.01, with defending world champion Bernard Lagat, also Kenyan-born but now competing for the United States, at 0.19sec in third place.


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Ethiopia - Bekele’s Greatness Hidden in Bolt’s Shadow

August 19th, 2009

Bekele’s Greatness Hidden in Bolt’s Shadow

By CHRISTOPHER CLAREY
Published: August 19, 2009

BERLIN —
It is the age of Usain Bolt in track and field, as Bolt reminds us by showing off before and after he blows away world records and fields of fast, muscular men. But there is a more subtle message and athlete equally worthy of our attention at these world championships.


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Ethiopia Agency confiscates Omedla hotel

August 19th, 2009

Ethiopia Agency confiscates Omedla hotel

By Kirubel Tadesse

The owners of the Omedla hotel have lost their battle with the government to keep ownership of the building.

The hotel was sealed earlier this week by the Addis Ababa City Government's Decree Execution Department, after the hotel's former owners loses a court battle with the Privation and Public Enterprises Supervising Agency (PPESA).

According to the former owner Belay Abate Omedla Hotel, located around the newly constructed Nations and Nationalities Square was confiscated during the Dergue Regime in 1975 with a letter signed by officials of the Dergue.
The owners Belay and his father Abate Wolde were put in jail as they were deemed “anti revolutionary” by the then authorities.


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Ethiopia - Holland Car, Lifan Motors slip into dispute

August 19th, 2009

Ethiopia - Holland Car, Lifan Motors slip into dispute

Three new brand model cars unveiled

By Elias Meseret

Holland Car Plc, the first automobile assembly company in Ethiopia, has entered into a bitter dispute with its Chinese parts supplier and partner, Lifan Motors.
Tadesse Tessema, General Manager of Holland Car Plc, declared in a press conference held last Friday, that Lifan Motors has demanded to take over Holland Car and threatened to terminate contracts.
Tadesse said that this was against Ethiopian law, adding that Lifan "has been acting in a way that has hurt Holland Car's reputation, built over years of hard work. We are now planning to take the case to a court of law."
The main source of the controversy is said to be the drop in procurement by Holland Car” of parts from Lifan Motors last year due to the foreign exchange shortage that hit Ethiopia.


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Ethiopia - Sesame traders dispute new ECX trading

August 19th, 2009


Ethiopia - Sesame traders dispute new ECX trading

They will appeal to PM

By Muluken Yewondwossen

Sesame traders are caught up in a dispute over the new government directive that gives a monopoly to the Ethiopian Commodity Exchange (ECX) to trade the crop.
State minster of the Ministry of Agriculture and Rural Development (MoARD) Yakob Yala has been in talks with the sesame exporters group over their objections before it is fully endorsed next month.
Most of the sesame traders opposed the government's plans to endorse the directive before the coming harvest season in October 2009.
They say that it is not a good time to endorse the directive and that government should postpone it for a year. "The government have not prepared enough facilities to move trading to the exchange," said one of the major exporters and ECX member, told to Capital.


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