Fortune News | Jun 18,2022
May 25 , 2019
The big dinner, which cost more than 200 wealthy people a fortune, has come to pass, leaving behind a memory in as much as it did with raising eyebrows on a couple of fronts, gossip observed.
The energy and focus Prime Minister Abiy Ahmed (PhD) accorded to a three-year project to rehabilitate and restore 56Km of riverside amenities in Addis Abeba makes several dumbfounded about the priority he has in governing this country. Despite the project floating around during reigns of successive regimes, none of his predecessors felt the urge to busy themselves in beautifying the capital. They were swarmed by pressing issues of fundamental matters existential to the nation.
Abiy appears to feel differently, judging by how much emphasis he gives to clean up the physical neglect, if not mess, around his immediate environment. Over the year since he took up residence in Arat Kilo, he transformed the first two ground floors of the Prime Minister’s Office, whitening them to radiate and also beautify the compound. It is as if Abiy wants to see the symbolism in renewal vibrate from a core to as far away as it can get.
To help him do that, the nouveau riche wrote cheques worth 173,000 dollars for a seat around a rose-adorned banquet table at the Grand Palace last week. Some of them felt the pressure from the authorities to attend, such as in the case with the financial sector and the construction industry, claims gossip. Others could have feared a political fallout from their absence, while few of them may foresee an opportunity in supporting the passion of the current political order, says gossip.
In his welcoming address, Abiy used a metaphor of “noise and legacy,” trying hard to hit his message home that the investments they have made today are not in vain. Lifting the image of the capital will not only be a wise investment in generating revenue to many businesses, but it is also a decision that will bring them a moment of pride in their later years, walking by the parks and bicycles paths with their names affixed to plaques alongside the walkways.
The bill for that will reach a staggering one billion dollars, although the Chinese, the Europeans, the African Development Bank and the United Nations agencies have pledged to chip in. Their representatives were among the tuxedo-clad diners entertained with a five million Birr plate inside the dining hall of Emperor Menelik II, which many mistakenly credited Abiy’s administration for its impressive restoration, gossip claims.
Absent from the grand dinner and denied acknowledgement, as well as recognition, were individuals and companies who were behind the restoration work such as Varnero and ZIAS, the construction and architectural firms highly involved in the building of a residence for the Prime Minister’s family as well as restoration work on the Grand Palace, aka Menelik II Palace, gossip disclosed.
The restoration of palace sites has been carried out since 2012 under the watchful eyes of Gebretensae Gebremichael, director general of the National Palace Administration for a decade before he left last year. Known to be a decisive but lone operator, he oversaw the restoration work completed in five of the 13 palaces scattered across the country, including Yohannes IV in Meqelle as well as Qoqa, Melkasa and the Jubilee Palace in the capital.
It took the federal government close to 200 million Br, of which close to 76 million Br was budgeted to the building of guest rooms and restoration of the dining hall where Abiy’s guests were seen marveling last week, gossip revealed.
PUBLISHED ON
May 25,2019 [ VOL
20 , NO
995]
Fortune News | Jun 18,2022
Sunday with Eden | Jul 03,2021
Fortune News | Nov 18,2023
Fortune News | Dec 19,2021
Editorial | Dec 26,2020
Films Review | Jun 15,2019
Photo Gallery | May 06,2019
Radar | Apr 08,2024
Fortune News | Aug 28,2021
Agenda | Mar 14,2020
Photo Gallery | 96460 Views | May 06,2019
Photo Gallery | 88741 Views | Apr 26,2019
My Opinion | 67099 Views | Aug 14,2021
Commentaries | 65738 Views | Oct 02,2021
Feb 24 , 2024 . By MUNIR SHEMSU
Abel Yeshitila, a real estate developer with a 12-year track record, finds himself unable to sell homes in his latest venture. Despite slash...
Feb 10 , 2024 . By MUNIR SHEMSU
In his last week's address to Parliament, Prime Minister Abiy Ahmed (PhD) painted a picture of an economy...
Jan 7 , 2024
In the realm of international finance and diplomacy, few cities hold the distinction that Addis Abeba doe...
Sep 30 , 2023 . By AKSAH ITALO
On a chilly morning outside Ke'Geberew Market, Yeshi Chane, a 35-year-old mother cradling her seven-month-old baby, stands amidst the throng...
Apr 20 , 2024
In a departure from its traditionally opaque practices, the National Bank of Ethiopia...
Apr 13 , 2024
In the hushed corridors of the legislative house on Lorenzo Te'azaz Road (Arat Kilo)...
Apr 6 , 2024
In a rather unsettling turn of events, the state-owned Commercial Bank of Ethiopia (C...
Mar 30 , 2024
Ethiopian authorities find themselves at a crossroads in the shadow of a global econo...
Apr 20 , 2024
Ethiopia's economic reform negotiations with the International Monetary Fund (IMF) are in their fourth round, taking place in Washington, D...
Apr 20 , 2024 . By BERSABEH GEBRE
An undercurrent of controversy surrounds the appointment of founding members of Amhara Bank after regulat...
An ambitious cooperative housing initiative designed to provide thousands with affordable homes is mired...
Apr 20 , 2024 . By AKSAH ITALO
Ethiopia's juice manufacturers confront formidable economic challenges following the reclassification of...
Loading your updates...