Ethiopia is facing a growing number of cyber attacks in recent months, according to Information Network Security Agency (INSA).
INSA, which is one of the several wings of the national defense forces, is mandated to protect the cyber sphere of the nation. The agency states that it has been deterring cyber attacks aimed at different interests of the nation since its establishment in 2006/07.
“Some people regard private enterprise as a predatory tiger to be shot. Others look on it as a cow they can milk. Not enough people see it as a healthy horse, pulling a sturdy wagon.”
Winston Churchill
Said Engineer Tsedeke Yihune, founder and general manager of Flintstone Engineering and Flintstone Homes, on the second Executive Idea Exchange Forum which was held at Eshetu Cholle Building, Addis Ababa University, on March 28, 2013. The engineer said this as he shared his personal experience in the sector. In addition, Tsedeke elaborated on rent seeking and developmental theory in his rather captivating presentation. He also shared his views on how easier it is doing a business abroad than it is at home and his principles as an executive.
The number of Ethiopian tax payers who have given their finger prints to the Ethiopian Revenue and Customs Authority (ERCA) as of the first week of march 2013. ERCA has registered 127,574 finger prints through online and offline methods in the second quarter of the 2012/13 fiscal year. The biometric card production has also reached 1,447,021.
Much of the hype surrounding the G20 finance ministers and central bank governors’ meeting held on February 15-16 in Moscow, the Russian Federation, was dedicated to so- called “currency wars,” which some developing-country officials have accused advanced countries of waging by pursuing unconventional monetary policies. But another crucial issue – that of long-term investment financing – was largely neglected, even though the endgame for unconventional monetary policy will require the revitalization or creation of new long-term assets and liabilities in the global economy.
The BRICS – Brazil, Russia, India, China and South Africa- have agreed to establish a new development bank on their 6th summit staged in Durban, South Africa, on March 27, 2013. There are speculations that 50 billion dollar will be injected in to the new bank as an initial capital. The five countries will contribute equal amount. Following this announcement economists around the world have been contemplating what it will mean to the global order.
“This is the response of Jupiter Trading to the growing concern of environmental issues” said Melaku Bisrat, managing partner and co founder of Jupiter Trading on an eco friendly paper launching event that was held at Jupiter International Hotel on March 26, 2013. Jupitor partnered with Trident Group and Alia Mohammed Trading- Indian Companies based in Dubai to launch what they called the first eco friendly copier paper in Ethiopia.
The Big Apple International, owner of New York New York Café and Restaurant, which is located on Africa road, is to open a 4 stars standard hotel- New York New York Addis Hotel, which is planned to be operational starting September, 2013, Heran Tesfaye, marketing manager of its sister company, Cosmo Trading told EBR.
The new hotel facility which is built on a land of 669m2 on Bole Road next to ESCAS trading and in front of Food and Agriculture Organization (FAO) will have 50 bed rooms.
ethio telecom’s alleged poor network quality is reported to have slowed the dissemination and maintenance of cash register machines since March 3, 2013, according to the tax information administration directorate of Ethiopian Revenues and Customs Authority (ERCA).
The state monopoly telecom service provider, provides the GPRS service- that creates a wireless connection between a cash register and ERCA’s server. This enables the machines to send transaction reports to the revenue authority.
Ethiopian Business Review