Saturday 27 May 2017
(Reuters (Eng) 04/10/13)
Carlyle Group (CG.O) is looking at a number of banks in east and west Africa for a potential investment, its Africa co-head said on Wednesday, as the U.S. private equity firm focuses on the continent's growing consumer market. Carlyle, which last year invested in a pan-African grain trading firm, has recently signed a second deal, Marlon Chigwende also told the Reuters Africa Investment Summit. "Banking is very interesting today, and that is the general statement across a lot of sub-Saharan Africa," Chigwende told the Reuters Africa Investment Summit in Johannesburg. "Certainly, there are several opportunities of fast-growing banks, good management teams, interesting market positioning." Although private equity is still at a nascent stage in Africa, investor interest in the fast-growing...
( 04/10/13)
The Africa Development Bank (AfDB) has launched a a multi-country and multi-partner project which seeks to increase food security and improve the income and living standards of small-holder farmers in the 20 African countries by improving the value chains of four important staple crops – maize, wheat, cassava and rice. The project targets to demonstrate by 2016, that it is possible to increase the yields of cassava, maize, rice and wheat by at least 20% on smallholders’ farms, increase the smallholder’s household cash income to $600 from the current $370 and increase food security by at least 20% to 84% from the present 73%. According to media statement from the implementing agency, International Institute of Tropical Agriculture (IITA), key stakeholders...
(Reuters (Eng) 03/27/13)
ADDIS ABABA (Reuters) - Ethiopia's intelligence agency said on Monday it has detained eight members of Somalia's al Shabaab Islamist militant group who it accused of plotting to kidnap U.N. workers. The arrests were the latest in a crackdown on people charged with having links to fighters in neighbouring Somalia, where Ethiopia has deployed troops to support Mogadishu's battle against al Shabaab and its six-year insurgency. The group wanted to abduct foreigners working for the U.N. World Food Programme and the United Nations Development Programme in Ethiopia and take them to Somalia to demand a ransom, the National Intelligence and Security Service (NISS) said. "The eight were caught red-handed with arms as they plotted to carry out the kidnappings," NISS...
(Reuters (Eng) 03/26/13)
President Barack Obama hosts the leaders of four African nations this week, all of which are cited in a new report for effectively increasing spending on agriculture to combat extreme poverty and hunger. The report by the ONE Campaign, an anti-poverty group co-founded by Irish rockers Bono and Bob Geldof, said Senegal, Malawi, Cape Verde and Sierra Leone either met or were close to meeting targets for increased budget spending on agriculture. All of the countries, except Cape Verde where there is little data, are also on track or close to meeting a U.N. target of halving extreme poverty by 2015, the report said. The African leaders will visit the White House on Thursday to showcase their fledgling democracies, but...
(The New York Times 03/26/13)
BEIJING — As President Xi Jinping of China continues his first overseas trip as his country’s leader, arriving in South Africa late on Monday after Russia and Tanzania, he meets with much goodwill – but also some concern among Africans that China may be a “new colonial power,” extracting resources and selling manufactured goods, as I reported on Sunday. China knows it. In a speech in Tanzania, Mr. Xi sought to calm the concerns, as my colleagues Chris Buckley and Jeffrey Gettleman reported. “China frankly faces up to the new circumstances and new problems in Sino-African relations,” Mr. Xi told an audience of Tanzanian politicians and officials in Dar es Salaam, the country’s economic hub and a center of government,...
( 03/20/13)
Ethiopia sits as one of the fourteen countries that have recorded impressive Human Development Index (HDI) gains of more than 2 percent annually since 2000, according to a report released by UNDP. The 2013 HDI under the theme “The Rise of the South: Human Development in a Diverse World” was released on Friday 15th of March 2013. The report released by UNDP’s Ethiopia Representative Eugene Owusu looks at the dynamics of transforming power imbalance and examines the emerging issues and trends as well as new actors which are shaping the global development landscape. The report states that over the past decades, countries across the world have been converging towards higher levels of human development, as shown by the Human Development...
(Addis Fortune 03/20/13)
Ethiopia will benefit from being paid by the barrel, as well as saving on oil transportation costs. Ethiopia is to be a pass way for the oil pipeline that South Sudan is set to construct, in order to export its cruel oil through the Djibouti Red Sea port of Douraleh. The government ofEthiopiasigned a memorandum of understanding on March 12, 2013, at the Hilton Hotel, with South Sudan andDjibouti, for the construction of the pipeline. Abrahame Tekeste (PhD), state minister for Finance & Economic Development; Elizabeth James Bol, deputy minister of Petroleum & Mining for South Sudan and Aboubaker Omar Hadi, chairman of Ports & Free Zones Authority of Djibouti, agreed that South Sudan will export oil via Djibouti’s port,...
(Reuters (Eng) 03/14/13)
Catholics in Africa and Asia on Thursday greeted the election of Pope Francis from Argentina as a historic breakthrough that would pump the developing world's vital energy into a struggling Church and amplify the voice of the planet's poor. While there was disappointment that Pope Benedict's successor did not come from the African or Asian continents, Cardinal Jorge Bergoglio's Third World origins spurred hopes of a kindred spirit among Catholics from Manila to Maputo. Argentina, in Latin America's southern cone, is as far from Africa and Asia as Europe, the prime source of previous pontiffs. But these rapidly developing southern continents of the globe, where poverty still looms large, are now home to the world's fastest growing Catholic communities. African...
(Allafrica 03/04/13)
Addis Ababa — Ethiopian authorities have banned three civic organisations, accusing the NGOs of engaging in activities that break 2009's Charities and Societies Proclamation law. The Ethiopian government alleged that the three NGOs were banned as a result of conducting "illegal religious activities" contrary to the law. The groups who had their licences revoked were One Euro, the Islamic Cultural and Research Centre and the Gohe Child, Youth and Women Development organisation. The controversial law has attracted criticism from a number of international right groups, local civil society actors and international non-governmental organisations since it was introduced in 2009. The Charities and Societies Proclamation law prohibits local NGOs from engaging in human rights advocacy or political related activities. It also...
(Allafrica 03/04/13)
Addis Ababa — Over the years, small-scale farmers growing white pea beans in Ethiopia have sold their produce through the informal market, relying largely on middlemen who dictate prices and walk away with huge profits, often leaving the farmers in poverty. "When smallholders sell their produce individually, they are easily shortchanged by middlemen who give them very little money for their products, and they can hardly provide for their families despite their hard work on the farms," Legesse Dadi, agricultural project manager for Catholic Relief Services in Ethiopia, told IRIN. Some traders on the informal market are also more likely to tamper with weighing scales, which means farmers get even less money for their produce. "In a disorganized marketing system,...
(Reuters (Eng) 02/28/13)
Khartoum — A senior Saudi Arabian official unleashed a barrage of attack against Ethiopia saying that the Horn of Africa nation is posing a threat to the Nile water rights of Egypt and Sudan. "The [Grand] Renaissance dam has its capacity of flood waters reaching more than 70 billion cubic meters of water, and is located at an altitude of 700 meters and if it collapsed then Khartoum will drown completely and the impact will even reach the Aswan Dam," the Saudi deputy defense minister Khalid Bin Sultan said at the meetings of the Arab Water Council in Cairo. "Egypt is the most affected party from the Ethiopian Renaissance dam because they have no alternative water source compared to other...
(Addis Fortune 02/28/13)
ADDIS ABABA, Ethiopia — On a warm Sunday morning in late November, about 36,000 people set off on the Great Ethiopian Run, a 10-kilometer race across the center of Addis Ababa. Diplomats, students, merchants, Orthodox priests, homeless children and professional runners were among the participants. It is one of Africa’s largest road races, hosted in the capital of a passionate running nation that has dominated long-distance competitions for the past two decades. Haile Gebrselassie, one of Ethiopia’s most successful runners and businessmen, founded the race 12 years ago. He wanted to bring a big race to his home country. Though finishing times are world-class, Gebrselassie’s goal of making the race an attraction has been somehow elusive. Top foreign athletes have...
(Addis Fortune 02/28/13)
A day after Prince Khalid bin Sultan, deputy defence minister of the Kingdom of Saudi Arabia, made hostile remarks about Ethiopia's Renaissance Dam on Wednesday, February 27, 2013, the Finance Minister of Saudi Arabia, Ibrahim Abdulaziz Al-Assaf, will be meeting with Prime Minister Hailemariam Desalegn in Addis Abeba, today. The Prince, who is attending the third session of the Arab Water Council in Cairo, Egypt, made claims that the dam has the capacity to flood Khartoum and severely impact Aswan Dam. Moreover, he accused Ethiopia of having ulterior motives for the dam. "The establishment of the dam 12Km from the Sudanese border is for political plotting rather than for economic gain and constitutes a threat to Egyptian and Sudanese national...
(Addis Fortune 02/28/13)
The renowned water pumps manufacturer Wilo S.E, a German company is planning to open local representative office in Ethiopia. Willo's medium term plan include opening a subsidiary company and assembly plant in Ethiopia to further market its products. Jean Olivia Fortia, Vice President Africa Division of Wilo said the visit in Ethiopia to promote its products with potential customers was a part of a greater trip to African countries. The firm stopped over in three West African countries, Cote d’Ivoire, Ghana and Nigeria, before its visit to Ethiopia. The company is also planning similar trips to Kenya and Zambia. “In each African country in our tour, where we will also conduct strategic discussions, we have our country managers,” said Fortia...
(Afrol News 02/28/13)
The takeover of peoples' land and water by corporations – even if they are from the global south – is a new form of colonisation. The idea of south-south co-operation evokes a positive image of solidarity between developing countries through the exchange of resources, technology, and knowledge. It's an attractive proposition, intended to shift the international balance of power and help developing nations break away from aid dependence and achieve true emancipation from former colonial powers. However, the discourse of south-south co-operation has become a cover for human rights violations involving southern governments and companies. A case in point is the land grab by Indian corporations in Ethiopia, facilitated by the governments of both countries, which use development rhetoric while...

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