Friday 22 September 2017
(Voice of America 07/13/13)
GENEVA, SWITZERLAND — The UN Conference on Trade and Development (UNCTAD) is calling on African nations to boost their private sectors to advance intra-regional trade. UNCTAD’s new report on the Economic Development in Africa 2013 says reducing trade barriers alone is not enough to turn regional trade into a winning enterprise. In a newly published report, the UN Conference on Trade and Development says African governments must boost private industry and entrepreneurs if they are to compete successfully with foreign firms unencumbered by trade barriers. The report says Africa has a lot to do to catch up with the world's other intra-regional trading blocs. It notes that trade among African nations was low, just 11.3 percent of total trade in...
(Ethiopian Radio and Television Agency 07/12/13)
United Nations High Commission for Refugees Antonio Guterres has commended Ethiopia’s open border and protection policy of refugees. The Commissioner made the remark in a discussion he held with Ethiopia’s Foreign Affairs Minister Dr. Tedros Adhanom on Thursday in Addis Ababa. He expressed his gratitude to the government of Ethiopia for the remarkable activities it accomplished in hosting refuges from its neighboring countries. He said “currently no other country hosts such a large number of refugees coming from different countries “ adding that “ Ethiopia is hosting two generation of refugees from Somalia and South Sudan and Eritrea despite the challenges it is facing in the form of budgetary strains, security challenges and environmental impact as more camps are opened.”...
(The Economist 07/12/13)
HAILE GEBRESELASSIE, Ethiopia’s legendary athlete, has confirmed that he is embarking on what could be one of the tougher races of his career. The 40-year-old runner, who has broken 27 world records during an extraordinary career on the track, road and cross country, will stand for parliament at elections expected in 2015. Years of speculation over the future career prospects of one of the country's most popular sportsmen were put to bed on July 10th when he tweeted: “A lot of messages in the news about me going into politics. Yes, I want to be in the parliament in 2015 to help my country to move forward.” His story is typical of the host of outstanding runners to come out...
(Voice of America 07/12/13)
GENEVA, SWITZERLAND — The UN Conference on Trade and Development (UNCTAD) is calling on African nations to boost their private sectors to advance intra-regional trade. UNCTAD’s new report on the Economic Development in Africa 2013 says reducing trade barriers alone is not enough to turn regional trade into a winning enterprise. In a newly published report, the UN Conference on Trade and Development says African governments must boost private industry and entrepreneurs if they are to compete successfully with foreign firms unencumbered by trade barriers. The report says Africa has a lot to do to catch up with the world's other intra-regional trading blocs. It notes that trade among African nations was low, just 11.3 percent of total trade in...
(New Business Ethiopia 07/12/13)
The 8th edition of the Ethiopian Diaspora Business Forum and the 2013 Pioneer Diaspora Awards Luncheon, is set to be held at the George Washington University’s Jack Morton Auditorium in Washington DC, on July 27, 2013. The Forum will focus on “Investing in Agri-business: Opportunities and Challenges for Diaspora Investors”, the organizers announced. "Specifically, the Forum will discuss specific investment opportunities in agri-business, agro-processing and financing and value chain development opportunities in select subsectors." The forum is an annual event organized by Ethiopian American, an Ethiopian Diaspora business and investment group. The Forum this year is also organizing an agri-business concept competition and the winning team will be rewarded with a round trip ticket to Ethiopia and technical support from...
(Voice of America 07/11/13)
ADDIS ABABA — Ethiopia and Egypt have been in a diplomatic dispute for weeks over the construction of what will be Africa’s largest hydro-electric dam - impacting the waters of the Nile River. But with Egypt facing political turmoil at home, attention has also been diverted from this controversial project. The massive construction of the Great Ethiopian Renaissance Dam continues despite sometimes angry protests from Egypt. At issue is - diverting part of the Blue Nile since May. The recently ousted Egyptian government feared the diversion would impact the Nile River flow - on which it is heavily dependent. All of this will be a reservoir with 74 billion cubic meters of Nile waters. Ethiopia said it will gradually fill...
(BBC News Africa 07/11/13)
Ethiopian athletics star Haile Gebrselassie says he is entering politics with the aim of winning a parliamentary seat in the 2015 election. The 40-year-old's announcement follows long-standing rumours that his athletics career is drawing to a close. Mr Haile, a two-time Olympic 10,000m champion, is regarded as a national icon by most Ethiopians. He has not said under which party's banner he will contest the election. Ethiopia's parliament is dominated by the ruling Ethiopian People's Revolutionary Democratic Front (EPRDF). It has only one opposition MP. Help my country'. "A lot of messages in the news about me going into politics," Mr Haile said on Twitter. "Yes, I want to be in the parliament in 2015 to help my country to...
(Voice of America 07/11/13)
LONDON — Malta has been forced to cancel the forced return of dozens of Somali migrants to Libya, after an emergency ruling by the European Court of Human Rights. The EU has criticized the attempted repatriation, but Malta has accused its European partners of a lack of solidarity. It comes after the Pope visited an Italian island earlier this week that's received thousands of migrants. Tired, hungry and dehydrated, 68 migrants who'd set sail from Libya were rescued by Maltese patrol boats Wednesday 50 kilometers off the coastline, after their vessel lost power. It's the second migrant boat to arrive in as many days. Maltese authorities had intended to send two planes back to Libya carrying 45 Somali migrants who...
(Ventures-Africa 07/11/13)
VENTURES AFRICA – African business leader and philanthropist Tony O. Elumelu joins President Goodluck Jonathan as part of a high powered delegation accompanying the Nigerian leader on a state visit to China from 11 to 12 July 2013. The visit, which will include a meeting with China’s President Xi Jinping, will have Mr Elumelu and other business leaders, including Folorunso Alakija, Femi Otedola and Oba Otudeko, representing Nigeria’s business interests, thus emphasising President Jonathan’s commitment to leveraging the private sector to drive both development and trade and investment links between China and Africa. Speaking at the investment forum, which attracted over 700 potential investors, their Nigerian counterparts and several governors as well as the Ministers for Trade and Investment, Aviation...
(Reuters (Eng) 07/10/13)
(Reuters) - Ethiopia expects to join the World Trade Organization in 2015 without heeding to demands that it liberalizes its state-run banking and telecoms sectors, the Foreign Ministry said on Wednesday. The Horn of Africa nation applied to join the body in 2003, but its hopes for membership had hinged on Addis Ababa opening those areas to international competition. U.S. officials have publicly asked the country to liberalize both sectors, but Ethiopia says they are "sensitive areas" whose liberalization may harm national interests. Its chances, however, were given a lifeline last year when the WTO lowered the bar for the world's least developed countries to join the global trading club by agreeing new membership standards. The new rules allow members...
(Voice of America 07/10/13)
Only seven of the 53 African Union countries who pledged to commit at least 10 percent of their national budgets to investment in agriculture in 2003 have reached that goal. Aid organizations say that investment in agriculture is key to breaking the cycle of food insecurity and crisis in West Africa. As the declaration approaches its 10th anniversary on Wednesday, the aid groups are calling on AU countries to renew their commitment to the Maputo Declaration. In 2003, 53 African heads of state agreed to allocate at least 10 percent of their national budgets to investment in agriculture and livestock by July 2008. Ten years later, only seven countries - Burkina Faso, Niger, Guinea, Senegal, Mali, Malawi and Ethiopia -...
(The Guardian 07/10/13)
Ethiopia uses sesame seeds to repay loans on Chinese-built infrastructure. But what are the long-term benefits to farmers? It seems unlikely that many Ethiopian farmers sat down and thought about what Chinese consumers want to eat for breakfast before planting their crops. Yet a surge in the eastward export of sesame seed over the past decade has created an unexpected interdependency between the two countries. In less than a decade, Ethiopia has jumped from being a minor producer of sesame (38,000 tonnes in 2002, according to the UN's Food and Agriculture Organisation) to the largest producer in Africa and fourth largest in the world (320,000 tonnes in 2011, according to the most recent data available). During the same period, China...
(Sudan Tribune 07/10/13)
Ethiopia’s Deputy Prime Minister, Demeke Mekonnen, attended South Sudan’s second anniversary of independence on Tuesday. At least five foreign heads of states and many foreign dignitaries have attended the celebrations of South Sudan’s second year of independence in Juba. Seen by both Sudan and South Sudan as neutral partner, Ethiopia had played significant role in mediating and encouraging both sides to narrow their differences and reach to agreements in many of the outstanding issues. After attending the independence celebrations, the Ethiopian deputy prime Minister will hold discussions with South Sudan’s officials on number bilateral and on Sudan-South Sudan issues. As Africa’s newest nation, South Sudan during the last two years has saw difficulties and setbacks challenging to its efforts to...
(New Business Ethiopia 07/09/13)
The International Monetary Fund (IMF) urged Ethiopia to increase private loans while Ethiopian lawmakers approved a 12 percent spending increase over 2013-2014 budget to assist with infrastructure development across the nation. IMF's call to increase private loans has been met with approval internationally as Ethiopia’s economy is a mixture of state company monopolies in telecommunications, power and banking, and private investors who control agriculture and manufacturing. The Fund indicated that a vibrant private sector would be essential for Ethiopia to attain middle income status and competition between monopolies formed by public enterprises needed to be increased to see a gradual withdrawal from wherever the private sector is crowded out. As of July 8 2013 the state will boost spending to...
(Addis Fortune 07/09/13)
Ethiopiawill sell electricity to seven neighbouring countries once the Grand Renaissance Dam project is complete. Mohamed Ali Youssouf,left, minister of Foreign Affairs & International Cooperation of Djibouti and Tedrose Adhanom (PhD), minister of Foreign Affairs, signed the agreement that will enable Ethiopia to export additional electric power to neighbouring Djibouti. Ethiopia and Djibouti concluded an agreement for a second two billion dollar electrical power system interconnection, during the 12th Joint Ministerial Meeting. The signing ceremony was held last Wednesday, at the Addis Hilton Hotel, by the Ethiopian Foreign Minister Tedrose Adhanom (PhD) and his Djiboutian counterpart, Mohamed Ali Youssouf. The transmission line, which covers areas from Semera, inEthiopia'sAfarRegionalState, toJaba,Djibouti, will be a 230kV electric power transmission project, similar to the...
(Ethiopian Radio and Television Agency 07/09/13)
France will work in collaboration with Ethiopia in the areas of climate change and green economy, Minister Delegate to the French Foreign Minister, in charge of Development Pascal Canfin said on Monday. He made the remark while holding talks with Prime Minister Hailemariam Desalegn in Addis Ababa. During the talks, Prime Minister Hailemariam said Ethiopia in its capacity as chair of the African Union would continue its effort to request developed nations to address the demand of Africans in connection with climate change. France has asked to host the 21st climate change meeting to be held in 2015. In addition to climate change, the Minister expressed France's interest to work with Ethiopia in the area of peace and security.
(Addis Fortune 07/09/13)
The Great Ethiopian Renaissance Dam (GERD), which is under construction on the major tributary of Nile, is expected to generate total revenues of two million dollars per day for Ethiopia. The Great Ethiopian Renaissance Dam (GERD), under construction on Abay River, has lately gained front page attention in print media. It is incomprehensible why the Egyptians chose to make an issue out of the project two years after the construction began and when the whole world already knew about it. As a matter of fact,Nile Basin development has been a major concern, involving political, historical, social and economic matters, for the riparian countries from times immemorial. Last week, theNileBasinand the impacts of the GERD, in particular, were the subject of...
(Sunday Standard 07/09/13)
KWALE; KENYA: Eleven Ethiopians who were arrested at Kwaks Paradise Lodge over the weekend have pleaded guilty of being in Kenya unlawfully. They had been charged in a Kwale court with the offence contrary to section53 (i) of the Kenya Citizenship and Immigration Act 2011. The 11 included Worku Godaya Abdullah, Adan Jillion Abdullah, Abdi Umer Golicha, Jillion Mohamed Hussein and Aden Kalicha Mohamed. Others were Boru Hassan Hussein, Worku Abdallah Adan, Godana Adan Jillion, Adan Hussein Worku, Mumin Sheikh Mohamed and Golicha Mohamed Ahmed. They were also charged on a second account of having fake Kenyan identification cards. “On Friday 5th this month, anti-terrorist’s police acting on a tip off on the whereabouts of the suspicious foreigners, raided Kwaks...
(Ethiopian Radio and Television Agency 07/09/13)
The Ethiopian Investment Agency has said 189 projects with over 10 billion Birr have gone operational in the just concluded 2005 Ethiopian budget year. The Agency expressed readiness to support investors engaged in manufacturing industry. Public Relations Directory with the Agency Getahun Negash said the number of projects being operational is growing from time to time. He said the improvement came as a result of support given to investors that have taken licenses and have not implemented their projects due to various reasons. The nation’s potential to attract and maintain investors from Asia, Europe and Middle East is increasing due to its suitability for investment, he said. Although the government is encouraging investors engaged in industry sector, power disruption, shortage...
(Ghana Business News 07/09/13)
African airlines enjoyed nearly a 10% rise in traffic in May 2013 as global passenger growth trend continues, according to an industry report. The International Air Transport Association (IATA) says African airlines’ traffic climbed 9.8% in May which was the second highest among the regions. The report notes that African carriers are benefiting from a sustained increase in trade through developing links to Asia and the Middle East, as well as strong GDP growth in local economies, particularly in Western Africa. “Capacity rose 7.4% in May, raising load factor 1.4 percentage points to 66.2%,” said IATA’s passenger traffic report. In terms of air freight, African carriers grew just 0.2% in May, but growth trend, according to the airline association, was...

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