Ethiopian Today Esat 2011

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What is Car Insurance? Car insurance helps protect a car from unprecedented hazards. It is a contract between the car owner and an insurance company that helps the owner minimize the costs incurred in the event of an accident that damages the car and Third Party Damages. In return for the premium that the car owner pays, the insurance company reimburses the costs of repairs and assures in terms of third party loses. As per the law, it is mandatory for cars plying public roads to have a valid Third Party car insurance in place. Comprehensive Car Insurance Think of comprehensive insurance as an exhaustive cover against damages arising out of your own fault and even when it’s not. Third Party Car Liability Insurance Third-party Liability insurance covers damages inflicted on others as a result of your fault. Car Insurance Policy Renewal The car insurance renewal is a yearly process with car insurance expiring every year. To avoid the hassle, it is always advisable to renew the policy before it expires. About Car Insurance Some point you must know before buy insurance How To Select The Best Insurance Package For Your Car Finding the right car insurance is quite a task. You have to research a bit and then talk to the insurance agent. The back-and-forth process can be quite exhausting. However, that is where we can help you. Here are a few tips to buy the best policy package for your car Read More... Zero depreciation car insurance: Is it a good deal? Car insurance is something people often don't pay much attention to. After all, insurance is mostly bought at the time of purchasing a new car, at which point, your emotions, more or less, take over your decision-making powers owing to the excitement that comes with buying a new car. However, car insurance is worth paying more attention to, especially if you want to end up saving more money in the long run. Read More... A Beginner's Guide to Car Insurance First things first, there are two types of insurance policies you can choose from – a traditional policy or a comprehensive policy. A traditional car insurance policy contains what is known as the Third Party Liability and the Personal Accident Cover. Read More... Top 10 Car Insurance Myths Debunked Car insurance is such a vast and often intimidating topic, it inevitably develops several myths around it. These myths don’t just create a wrong impression of car insurance in your head, they may also end up causing you to spend more. So, read on to find out some important myths relating to car insurance and the truths behind them.

Ethiopia’s government has explained that privatisation of the national airline and state telecommunications company is being done to ease the shortage of foreign currency. Ethiopia announced last week plans to open its state-run telecoms monopoly and state-owned Ethiopian Airlines to private domestic and foreign investment. In an exclusive interview with state broadcaster, Fana BC, Dr. Yinager Desie, Commissioner of the Ethiopian National Planning Commission said lower export performance, failure of mega projects to commence production, high demand for imported goods and growing external debt burden have worsened the shortage of foreign currency. displayAdvert("mpu_3") Ethiopia requires more than $13 billion over the coming two years for oil importation, private investment, upgrading of existing projects and for repayment of external debt. South African telecommunications firms MTN Group and Vodacom Group have already expressed interest in taking up investment options in Ethiopia’s telecom sector as soon as it opens up. Desie says the privatised enterprises would generate large amount of foreign currencies to tackle shortage. The commission will therefore give priority to foreign companies in privatising the enterprises as government’s decision is targeted obtaining foreign currency.
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