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Author: Elias Kifle

WorldBank says Ethiopia’s atmosphere for business improved!

EDITOR’S NOTE: World Bank crooks must be chewing khat with Meles.

ADDIS ABABA (Fortune) — A new report on ease of doing business around the world has been published by the World Bank and it shows that Ethiopia has improved its environment for doing business with the country moving up nine places on the index table from position 116 to 107. Wow! Incredible!

[The truth of the matter is that Ethiopia’s economy under the Woyanne tribal junta is growing down like a carrot.]

The development comes barely a month after another World Bank report on competitiveness where Ethiopia’s business environment was found wanting in many areas.

“Ethiopia reduced court delays through a combination of better case management and internal training, as well as an expanded role for enforcement judges. The government has simplified property transfers by decentralizing administrative tasks to sub-cities and merging procedures performed by the land registry and municipalities,” said World Bank in a report released in Washington, D.C., on Wednesday, September 9, 2009.

Reforms at the company registry and the streamlining of procedures have also made it easier to start a business in Ethiopia over the past year, says the report compiled by the Bank’s branch, the International Finance Corporation (IFC).

Ethiopia has over the past year ranked poorly on the index as it moved from 109 in 2008 to 116 in this year, 2009.

“Major areas of reform [in 2008/2009] have been in areas of starting a business, registering property, and enforcing contracts,” the Bank notes in the report.

Ethiopia is also named to have lowered taxes on domestic firms in 2008/2009.

This new report vindicates State Minister of Trade and Industry Tedesse Hailu, who on August 20, 2009, doubted the findings of the first World Bank report titled Ethiopia Investment Climate: Towards the Competitive Frontier which showed that government preferences, access to capital, coupled with low productivity, low wages, land allocation and inefficiency in allocation of resources were some factors that were slowing down Ethiopia’s competitiveness to attract business and investment on the world market.

The Trade and Industry Minister indicated that Ethiopia was improving in many areas like making resources such as land available to investors and reforming some of its trade rules.

“This is good development for Ethiopia as 2009 was difficult year for many countries,” an economist told Fortune on Wednesday, September 9, 2009.

The Bank dubbed 2009 as a year of fast-paced reform with 67 regulatory reforms recorded in 29 of 46 countries in Sub-Saharan Africa.

Doing Business 2010: ‘Reforming through Difficult Times’, as the report is named, is the seventh in a series of Doing Business annual reports published by IFC and the World Bank.

For the first time a Sub-Saharan African country-Rwanda-was the world’s top reformer, based on the number and impact of reforms implemented between June 2008 and May 2009. Rwanda, a repeat reformer, reformed in seven of the 10 business regulation areas measured by Doing Business.

It now takes a Rwandan entrepreneur just two procedures and three days to start a business. Imports and exports are more efficient, and transferring property takes less time thanks to reorganized registries and statutory time limits. Investors have more protection, insolvency reorganization has been streamlined, and a wider range of assets can be used as collateral to access credit.

Mauritius, ranked 17 of the 183 economies covered by the report, is the top Sub-Saharan economy for the second year in a row in terms of the overall regulatory ease of doing business. It adopted a new insolvency law, established a specialized commercial division within the court, eased property transfers and expedited trade processes.

“In times overshadowed by the global financial and economic crisis, business regulation can make an important difference for how easy it is to reorganize troubled firms to help them survive, to rebuild when demand rebounds, and to get new businesses started,” said Penelope Brook, acting vice president for Financial and Private Sector Development at the World Bank Group in a statement made available to Fortune on Wednesday.

Doing Business analyzes regulations that apply to an economy’s businesses during their life cycles, including start-up and operations, trading across borders, paying taxes, and closing a business. Doing Business does not measure all aspects of the business environment that matter to firms and investors.

For example, it does not measure security, macroeconomic stability, corruption, skill level, or the strength of financial systems.

“The report shows that some post conflict economies [like Ethiopia and Rwanda] in the region are actively improving the regulatory framework for private sector-led development,” said Brooks.

Paranoia grips the ruling tribal junta in Ethiopia

By Kevin J. Kelley

NAIROBI (The East African) — The government’s emphasis on ethnic identity could trigger a “violent eruption” in the run-up to Ethiopia’s scheduled elections in June, an international conflict-prevention group warned in a report last week.

“Paranoia” on the part of the former guerrilla fighters who now lead the country is cited as an impediment to a democratic system.

The ruling party’s “obsession with controlling political processes from the federal to the local level” is inciting opposition groups to consider taking up arms, the Brussels-based International Crisis Group says.

“Without genuine multiparty democracy,” the report suggests, “the tensions and pressures in Ethiopia’s polities will only grow, greatly increasing the possibility of a violent eruption that would destabilize the country and region.”

The report is intended to pressure Ethiopia’s leading benefactors to tie development aid more closely to political reform.

“Some donors appear to consider food security more important than democracy in Ethiopia, but they neglect the increased ethnic awareness and tensions created by the regionalisation policy and their potentially explosive consequences,” the Crisis Group says.

Ethiopia ranks as one of the United States’ chief allies in Africa. Washington annually provides Addis Ababa with hundreds of millions of dollars in aid while defending the ruling Ethiopian Peoples’ Revolutionary Democratic Front from charges such as those levelled by the Crisis Group.

The Crisis Group’s report acknowledges that Ethiopia has made economic progress under the rule of the party that overthrew a repressive Marxist-Leninist regime 18 years ago. The report also refrains from questioning the government’s motives in promoting a system of ethnic federalism.

“But while the ruling EPRDF Tigrean People Liberation Front promises democracy,” the 40-page analysis continues, “it has not accepted that the opposition is qualified to take power via the ballot box and tends to regard the expression of differing views and interests as a form of betrayal.”

Feeling threatened by the emergence of a significant opposition, the ruling party resorted to repressive measures prior to the 2005 national elections.One paradoxical aspect of the report is its finding that the ruling party’s authoritarian actions have not prevented opposition groups from proliferating in recent years.

This broadening of the political spectrum, coupled with the promotion of ethnic awareness and the government’s unwillingness to share power, are identified by the Crisis Group as the factors that could push Ethiopia to a break point.

Yemen police arrest over 90 immigrants from Ethiopia

SANA’A, YEMEN (SABA) – Security Authorities in Thubab coast of Taiz governorate have arrested about 94 Ethiopians entered the country illegally, the Interior Ministry has reported.

The Ministry said that the Ethiopians, including 38 women, have been all sent to the competent authorities to take the required legal procedures against them.

In a related context, the security authorities said that 100 Ethiopian citizens have arrived to Thubab coat of Taiz in the first week of September.

The authorities voiced high concerns of the incessant flow of the Ethiopians to the Yemeni coasts.

On the other hand, about 138 Somali refugees have arrived in Taiz coasts. The refugees included 47 women and three children.

The necessary procedures have been taken to send them to the main camp of Kharaz in Lahj governorate.

Deteriorating the security situation in Somalia makes thousands of Somalis are ready to risk their lives on a perilous journey via Gulf of Aden to be smuggled into Yemen.

Yemen is considered to be a gateway for Somalis to the Middle East. It recognizes all Somalis as refugees on a “prima facie basis,” meaning they are automatically granted the right to stay. But many of those who cross the Gulf of Aden move on to Yemen’s neighbours Saudi Arabia and Oman in pursuit of jobs.

The escalating numbers of refugees place increasing strain on Yemen’s limited resources and pose more challenges to the government’s efforts to balance its obligations under international law with the need to protect the country from illegal entry.

Usain Bolt wants to race against Ethiopia’s Kenenisa Bekele

EDITOR’S NOTE: Usain needs to meet Kenenisa half way, such as 1500 meters. Be fair!!

Thessaloniki, Greece (DPA/CNN) – Usain Bolt concluded what has been a phenomenal season with another breathtaking display over his favourite 200 meters distance at the World Athletics Final in Thessalonika.

Bolt said tiredness towards the end of the race, which has prompted him to call his memorable year to an immediate halt, slowed him, although he still roared to another fantastic time of 19.68 seconds at the Greek venue.

Bolt, 23, won a world title treble last month in Berlin and bettered his world records in the 100m (9.58 seconds) and 200m (19.19) there.

On Friday, he participated in a street event for local children and allowed the five-year-old boy finish first. “It was really fun with the kids,” said Bolt.

While Bolt can’t wait for his post-season break, he did look ahead when he suggested a race over 600m or longer against Ethiopia’s track star Kenenisa Bekele in 2010.

“To me running a 600 would be really interesting. It’s been a while since I have done it but I think it would be fun. So if my coach decides to let me do it, then I would definitely do it,” said Bolt.

“It would be really interesting. I think a lot of people would definitely want to see that.”

Bekele is the world and Olympic champion and world record holder in the 5,000m and 10,000m, Bolt has the same merits in the sprints.

Bolt and Bekele are two top names among 28 world champions from Berlin to compete in Thessaloniki Saturday and Sunday. Each win is worth 30,000 dollars and a world record 100,000 dollars.

Russian Yelena Isinbayeva, who flopped at the worlds when she cleared no heights, could further raise the pole vault record bar to 5.07m.

Ethiopia’s star athlete Kenenisa Bekele wins 3000m in Greece

THESSALONIKI, GREECE (DPA) — Double world and Olympic champion Kenenisa Bekele outsprinted Bernard Lagat of the United States with victory over 3,000 metres at the world athletics final in Thessaloniki, Greece on Saturday.

The 27-year-old Ethiopian, who won over 5,000 and 10,000 metres at the world championships in Berlin, clocked 8 minutes 3.79 seconds to beat Lagat again into second place.

Lagat, beaten by Bekele in the 5,000m final in Berlin 20 days ago, posted 8:04.00, with Kenya’s Sammy Mutahi (8:04.64) third.

“I ran pretty well but it was not an easy race after a very long season. I am very tired and so I will not run tomorrow’s 5,000 metres,” said Bekele, who since Berlin had won a share of the Golden League jackpot.

Elsewhere world champion LaShawn Merritt of the United States won the 400m in 44.93 seconds, ahead of Chris Brown of Bahamas (45.49).

Kerron Clement of the United States took the 400m hurdles in 48.11 seconds, while world champion Brigitte Foster-Hylton of Jamaica won the women’s 100m hurdles in 12.58, edging Olympic champion Dawn Harper of the United States (12.61).

World champion Brittney Reese of the United States captured the long jump in 7.08 metres, while Berlin silver medallist Betty Heidler of Germany threw a best of 72.03m to win the hammer throw.