Wednesday 26 July 2017
(Business Week 05/08/13)
The World Bank and African Development Bank will provide 80 percent of the funds needed for a $1.26 billion line that will take power to Kenya from Ethiopia. The World Bank will lend the countries $684 million for the 1,070-kilometer (665-mile) line that will run from Wolayta-Sodo in Ethiopia to Suswa, 100 kilometers northwest of the Kenyan capital, Nairobi, African Development Bank Regional Director Gabriel Negatu told reporters today in the city. The AFDB is lending $338 million, he said. “The interconnection with Ethiopia will ensure access to reliable and affordable energy to around 870,000 households by 2018,” Negatu said. Read the story at: http://www.businessweek.com/news/2013-05-07/world-bank-afdb-to-fund-1-do...
(The Guardian 05/07/13)
The government is to help Ethiopia and Tanzania to build their tax-raising powers and so reduce their dependency on overseas aid to run an effective government. David Gauke, the Treasury minister, will announce the initiative on Tuesday in a public interparty debate on tax transparency and aid organised by the Enough Food for Everyone IF campaign. Ministers hope the move will mollify aid agencies over the absence of legislation entrenching an aid commitment in the Queen's speech. HMRC claims there has been a 40% increase in tax revenue collection in Ethiopia since 2010, when the British government became involved. Nearly 78% of Ethiopia's tax revenue came from fewer than 1,000 individuals in 2012, the Ethiopian customs and revenue department recently...
(The Associated Press 05/07/13)
ADDIS ABABA, Ethiopia (AP) — The chief executive of Ethiopian Airlines says his company will seek compensation from Boeing for the grounding of its 787 Dreamliner planes. Tewolde Gebremariam told The Associated Press on Tuesday his company will soon start discussions with Boeing over compensation. The airline grounded its four Dreamliners in January following the U.S. Federal Aviation Administration order for a safety review on the aircraft after incidents of overheating by its lithium batteries. Ethiopian Airlines began flying the 787s again last month. Gebremariam said his company's focus had been on getting the Dreamliners back into service. Now that they are flying again, the company's next step is to start compensation discussions with Boeing. Boeing couldn't immediately be reached...
(Human Rights Watch 05/03/13)
(Nairobi) – The Ethiopian government should mark World Press Freedom Day, on May 3, 2013, by immediately releasing all journalists jailed under the country’s deeply flawed anti-terrorism law. On May 2, 2013, the Supreme Court upheld an 18-year sentence under the anti-terrorism law for Eskinder Nega Fenta, a journalist and blogger who received the 2012 PEN Freedom to Write Award. Eleven journalists have been convicted and sentenced since 2011 under Ethiopia’s repressive anti-terrorism law, including six in absentia. Three of the eleven are currently in prison. Two other journalists are currently on trial under the anti-terrorism law. Another journalist, Temesgen Desalegn, the editor of the now defunct independent magazine Feteh, is on trial for three offenses under the criminal code...
(Allafrica 05/02/13)
Addis Ababa — The Ethiopian government on Monday has reiterated its readiness to hold peace talks with Eritrea to resolve their decades-long border dispute. During his meeting with the United Nations Secretary-General Ban Ki-moon in New York, the Ethiopian Minister of foreign Affairs Tedros Adhanom accused the Eritrean government of refusing to engage in peace talks. Adhanom said his country is ready to sit down for direct negotiations with Eritrea without any preconditions regarding to level, time or venue. But the Ethiopian top diplomat stressed "the belligerent party opposed to these talks has always been the Eritrean side". According to the ministry of foreign Affairs, Tedros expressed solidarity with the people of Eritrea whom he said are continuously suffering due...
(The Guardian 04/30/13)
Shoemaker Huajian says new $2bn manufacturing zone will transfer skills to locals so they can become the future managers. Helen Hai, vice-president of Chinese footwear manufacturer the Huajian Group, has a bold ambition. Within a decade, she wants Ethiopia to be a global hub for the shoe industry, supplying the African, European and American markets. "We are not coming all the way here just to reduce our costs by 10 to 20%," Hai says. "Our aim is in 10 years' time to have a new cluster of shoe making here. We want to build a whole supply chain … I want everything to be produced here." Huajian has a factory near Addis Ababa employing 600 people, which opened in January...
(Reuters (Eng) 04/30/13)
Economic development researchers on Monday unveiled a database of China's aid to Africa in an effort to work around Beijing's secrecy about the numbers, as a debate rages over the intentions and impact of Chinese assistance. The study and database by the Washington-based Center for Global Development and AidData, a research project, includes 1,673 Chinese development finance projects worth $75 billion in 50 African countries from the years 2000-2011. The Chinese figures, using standard measures of Official Development Assistance (ODA) and Other Official Finance (OOF), are roughly on par with U.S. aid to Africa during the same period, the Center for Global Development said. While official ODA from Western countries and some major developing countries is openly reported and easily...
(Allafrica 04/29/13)
On his first day at the United Nations in New York, Dr. Tedros met with UN Secretary-General Ban Ki-moon. The discussions were focused on peace and security developments in Somalia and the future course of AMISOM. Also raised were issues related to Sudan, the chance for dialogue between Ethiopia and Eritrea and the upcoming London conference on Somalia. The Secretary-General began by commending Ethiopia on the very important role it has been playing in the region, most notably in consolidating peace and security in neighbouring Somalia. Regarding the Ethiopian National Defence Forces currently serving in Somalia, Ban Ki-moon said, he had taken note of Prime Minister Hailemariam's statement in parliament days earlier where he reiterated Ethiopia's commitment to the preservation...
(Capitalfm Business 04/24/13)
NAIROBI, Kenya, Apr 24 – Kenya and Ethiopia have reaffirmed their commitment to continue working together with Somalia to help its government towards reconstruction. Speaking after holding bilateral talks with the Ethiopian Prime Minister Hailemariam Desalegn in Nairobi, President Uhuru Kenyatta said that conflict in Somalia had affected its neighbours. The Head of State said: “On IGAD and regional peace and development, we focused on our efforts to contribute to sustainable peace, reconstruction and development in Somalia.” “Kenya and Ethiopia remains strategic partners especially within the IGAD framework in the search for peace and political stability of Somalia. Kenya and Ethiopia continue to bear a disproportionate burden occasioned by the long standing crisis which afflicted that neighbourly state more than...
(Voice of America 04/24/13)
NAIROBI, KENYA — Ethiopia’s foreign ministry has denied there are plans to withdraw all troops from Somalia, despite recent remarks by the Ethiopian prime minister expressing frustration with the pace of military progress in the country. Speaking to parliament Tuesday, Ethiopian Prime Minister Hailemariam Desalegn said the African Union force in Somalia has not kept its promise to replace Ethiopian soldiers in parts of the country under AU control. Ethiopian forces entered Somalia two years ago to assist the AU force, known as AMISOM, in its fight against al-Shabab militants. The Ethiopians have enjoyed success securing towns and cities in western Somalia. But Hailemariam said the failure of AMISOM to replace Ethiopian troops influenced a decision in March to pull...
(Reuters (Eng) 04/24/13)
Ethiopian Airlines is set to become the world's first carrier to resume flying Boeing Co's 787 Dreamliner passenger jets, with a commercial flight on Saturday to neighbouring Kenya, two airline sources said. Boeing's Dreamliners have been grounded since regulators ordered all 50 planes out of the skies in mid-January after batteries on two of them overheated. U.S. regulators approved a new battery design on Friday, clearing the way for installation. An Air India source told Reuters in New Delhi that commercial operations should start within a week or so, immediately after approval from the local regulator DGCA. "Ethiopian Airlines will be the first airline company to resume 787 Dreamliner flights in the world. Saturday's the date," a senior Ethiopian Airlines...
(Reuters (Eng) 04/22/13)
African finance ministers told their rich nation counterparts at weekend meetings of the International Monetary Fund and World Bank to work harder and faster to kick-start their economies to avoid a prolonged slump that could undermine strong growth in the developing world. "We are concerned," Nigerian Finance Minister Ngozi Okonjo-Iweala said at the meetings of global finance leaders. "If we continue to see slow growth in the euro zone, which provides a large market for many African countries, and is coupled with a slowdown in emerging economies, then we will become more vulnerable," Okonjo-Iweala told a news conference of African finance ministers. "We need to insist that our partners in other parts of the world work harder and faster." Despite...
(AFP 04/19/13)
WASHINGTON, Apr 19 – US Secretary of State John Kerry on Thursday revealed he will attend an African Union summit in Ethiopia next month, and said Washington had be more engaged with Africa. The May 19-27 summit in Addis Ababa will mark the 50th anniversary of the founding of the Organization of African Unity, the predecessor to the AU. Kerry told US lawmakers he was concerned by China’s growing influence in Africa, and viewed a recent tour of three African nations by Iranian leader Mahmoud Ahmadinejad as a “negative development.” “China is now out-investing the United States significantly in Africa,” Kerry told his former colleagues on the Senate foreign relations committee. Although China was principally focused on resources which did...
(Reuters (Eng) 04/15/13)
Sub-Saharan Africa's economic growth should accelerate to more than 5 percent over the next three years, far outpacing the global average, but the region must do more to convert this into reducing poverty, the World Bank said on Monday. In its latest Africa's Pulse analysis of prospects for the region, the bank saw increased investment, high commodity prices and a pick-up in the global economy driving this expected growth surge in the world's poorest continent. It said foreign direct investment (FDI) inflows to Sub-Saharan Africa were projected to increase to record levels each year over the next three years, reaching $54 billion by 2015. This compared to $37.7 billion in 2012, a 5.5 percent increase in a year when FDI...
(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...

Pages