Ethiopia: Woman Files One of Highest Civil Suits Ever, 300m Br

By ABIY WENDIFRAW
ADDISFORTUNE.COM STAFF WRITER

One of the most expensive litigations in Ethiopia's judicial history has been filed by a prominent businesswoman, Mekia Mamio Sikessa, who is claiming compensation worth 300 million Br from two expatriates who allegedly provided faulty consultancy services to her agro-business company.

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Got Mother's Day flowers? Ethiopia does, but few are buying.

By Aidan Jones | Contributor to The Christian Science Monitor

Ethiopia is being hit hard by a dramatic slump in demand for flowers as the global economic crisis forces consumers to curb spending on perceived luxuries.

Sabeta, Ethiopia - A local pop song trills out from the radio, filling the cavernous packing hall at the Ethio Highland Flora farm in Sabeta, a 45-minute drive from Ethiopia's capital, Addis Ababa.

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Ethiopia earns 90 million dollars from flower exports

By Muluken Yewondwossen
capitalethiopia.com

Though the price of flower and horticulture products has declined by 15-20 per cent, Ethiopia managed to generate 90 million dollars from export of these products in the last nine months, Alemseged Assefa, vice governor of the National Bank Ethiopia has disclosed.

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Unveiling of Ethio-Dutch Flower Firm

At a time when business in horticulture, particularly flowers, is highly threatened by the global economic downturn, Freesia Ethiopia, a joint venture by Ethiopian and Dutch businesspeople has joined the scene.

The official inauguration of the flower farm with 15hct green in Sululta area of North Shoa Zone, Oromia Regional State was held on March 28, 2009. Its shareholders, Samrawit Moges, Thomas Mattanovich, Ronald Vijverberg, vDijkn Hofland, Alex Barendse and Matthieu Barendse formed the joint venture in July 2007 with an initial capital of 18 million Br.

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Ethiopia: Dutch, Ethiopians Inaugurate 'Environmental Friendly' Flower Farm

Addis Ababa — Fressia Ethiopia Company established by Dutch and Ethiopian stakeholders on Saturday inaugurated a new and 'environmental friendly' flower farm in Sululta, 30km north of the capital.

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Ethiopia: Flower Power Frail as Global Meltdown Cuts

Addis Fortune (Addis Ababa) - Transactions on flowers have declined so drastically that the earnings of flower farms do not even cover the cost of freight. This is mainly attributed to the global economic downturn.

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Meles Zenawi optimistic about Ethiopian flower industry

March 26 (Afrik)- Ethiopian flower producers and exporters have used their exhibition, which opened Wednesday, to call on Ethiopian, Prime Minister, Meles Zenawi, to urge state owned development bank to reschedule installments of their due balance and as well as a cutback on freight tariffs.

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Ethiopia expects to earn $280 million from flowers in 2009

APA-Addis Ababa (Ethiopia) Ethiopia flow exports are expected to earn $280 million in 2009, though current global financial crisis is expected to have some impact on the exports.

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