Items filtered by date: Thursday, 02 November 2017

Addis Ababa  November  02/2017 German companies and institutions with interest in Africa are exploring investment opportunities here in Ethiopia.

The companies represented by a delegation from the German-African Business Association had discussion with Foreign Affairs State Minister Dr. Aklilu Hailemichael.

Association Chairman Dr. Stefan Liebing said the discussion is part of a regular exchange of investment plans and business cooperation among the two countries.   

“During our discussion today we were able to recognize a number of success stories such as the recent investment in agriculture, automotive sector and several others that have been in Ethiopia for years,” he added.

According to him, the association is now pursuing a number of major projects in renewable energy, infrastructure and hi-tech.

“On top of this, given the new attention the G-20 governments are giving to Africa, I am very optimistic that we can create a few big success stories over the next two months”, Dr. Liebing pointed out.

Germany's Ambassador to Ethiopia and the African Union, Brita Wagener said the discussion was fruitful in terms of assessing the possible business and investment opportunities.

“We were discussing possibilities for German companies to work in Ethiopia and they would like to engage in various sectors of light manufacturing and infrastructure”, she added.

Foreign Affairs State Minister Dr. Aklilu Hailemichael told journalists that members of the association were briefed on the available business and investment opportunities in Ethiopia.

Trends are that investors are flowing towards Ethiopia not only from Asia but also from Europe, mainly because the whole world understands that the country is the best investment destination in Africa, he noted.

The German-African Business Association provides information about countries and markets and represents the interests of its more than 600 members nationally and internationally with respect to political, economic and media issues.

Cheap and abundant labor force, rapid economic growth, better infrastructure, enough energy to accommodate the needs of investment, and large market opportunity are among the many things that lures investors, the State Minister added.

The German investors seek to engage in the electromechanical of the country’s energy generating projects that are undertaken in many parts of the nation, it was learned.

The German-African Business Association (Afrika-Verein) is participant in two major African initiatives of the German private sector Southern Africa Initiative of German Business (SAFRI) and North Africa and Middle East Initiative of German Business (NMI).

Published in Economy
Thursday, 02 November 2017 22:53

Ethio-Canada Relations Growing Steadily

Addis Ababa October 02/2017 Ethiopia needs to take advantage of the huge opportunities that Canada can offer in agro-processing, manufacturing, energy, mining and extraction industries, Foreign Affairs State Minister Hirut Zemen said.

A two-day Ethio-Canada Bilateral Consultation aimed at evaluating the implementation of existing bilateral agreements, identifying new areas of cooperation and coordinating positions on issues of common interest kicked off today.

In her opening remark, the State Minister noted that Ethiopia’s economy is one of the fastest growing economies in Africa, and added that the country in this phase of economic growth needs more foreign investment and trade relations to sustain the growth.

As Ethiopia and Canada have common strategic interests which are steadily growing, it is now important to give more emphasis to areas of cooperation that could further enhance the mutual benefits of our peoples, she added.

According to her, economic ties and export and import trade between the two countries has been increasing in recent years.

The State Minister assured participants of the consultative meeting that “ the government of Ethiopia is fully committed to encourage and assist the Canadian business community that comes to Ethiopia in every way possible.”

Ethiopia is determined to make every effort to strengthen the special friendship and cooperation that has existed between Ethiopia and Canada over half a century, she added.

Canada's Director-General for Southern and Eastern Africa Bureau, Marc-Andre Fredtte said on his part the history of bilateral cooperation between the two countries is special.

He recalled that Canada had been engaged in promoting agriculture through the Productive Safety Net Program (PSNP) which is not considered a model around the world but brought a change and African countries are adopting various versions of it.

“There is now a maturity in our relationship which is different from those days, because those days accomplished things that were needed at the time, but I think Ethiopia has passed that,” Fredtte pointed out.

In the last 12 to 15 years Ethiopia was able to meet 7 of the 8 MDGs and "we could see the effect of your policies,” he stressed.

Speaking of Ethiopia’s role in maintaining regional security, the Director-General said “the image of Ethiopia in the complicated South Sudan is frankly one of the few sunshine, and we want to work with you.”

The long standing diplomatic relations of the two countries have provided a number of opportunities to nurture the relations and explore different ways to encourage bilateral cooperation in diverse areas, ranging from trade and investment to climate change and regional security, it was indicated.

Published in Economy

Addis Ababa  November 02/2017 Ethiopian runner, Amogne Sendeku, won the Songshan Shaolin International Marathon in Henan Province on Oct. 29 in a pair of battered sandals.

The runner won the men’s competition in 2 hours, 28 minutes, and 2 seconds, according to People’s Daily Online

Amogne received a medal blessed by a senior monk at the Shaolin Temple, 20,000 yuan, it was learned.

Many Chinese called his sandals “magic weapon.”

An internet person wrote on Sina Weibo, one of the most popular social media sites in China: “The African runner is truly talented. Compared to the other competitors with much better running equipment, his sandals seem to be a fair statement of his true ability, telling the world that a good runner can win without any outside assistance”. 

Another internet person added that Alelgn also won last week’s Jingyuan International Marathon in Gansu Province with the same pair of shoes.

Intrigued by his Chinese fans’ questions, Alelgn said the sandals have no special power, giving the credit of his success to good luck. 

Published in Sport

Addis Ababa  November  02/2017 Working for attitudinal change among the youth is important to permanently address challenges related to job creation, Prime Minister Hailemariam  Desalegn said.

 While addressing a meeting aimed to evaluate quarterly performance of regional governments and executives related to job creation, the Premier said bringing attitudinal change is important to enhance employment opportunities.

 Expanding employment opportunities for the youth is top on the country's agenda, as its contribution towards sustainable economic development is crucial.

 In this regard, the Premier underscored the need to direct the youth towards the right path.

 Hailemariam said that this year’s job creation program focuses on two important areas - increasing the number of wage employment and engagement in micro and small enterprises.

 More than three million jobs were expected to be created during the current Ethiopian fiscal year, of which youth is expected to benefit from 75 percent of the jobs.

 Of the youth who will benefit from job opportunities this year, 75 percent will join small and middle level enterprises as employees, while 25 percent engage in manufacturing, services and commercial activities.

 He also urged regional governments to work on the attitude of the youth to successfully utilize the revolving fund that was allocated by the federal government improve employment opportunities.

 Deputy Prime Minister, Demeke Mekonen, for his part urged the need strengthen the capacity of the youth through training so as to enhance their capability and benefit.

 Attitudinal transformation among the youth should also be realized to create a strong and self reliant generation, he added.

 During the meeting first quarter performances of the nine regional states, the two city administrations and government agencies were discussed in relation to job creation.

 

Published in Economy

Addis Ababa  November  02/2017 The government of Ethiopia will repatriate and rehabilitate citizens displaced due to the recent border conflict in some parts of Oromia and Somali regional states after a peace conference that is going to be held soon, National Disaster Risk Management Commission disclosed.

 A steering committee established at the federal level is going to manage the repatriation and rehabilitation.

 Commissioner Mitiku Kassa told ENA that preparation has been conducted to hold peace conference that will include officials and residents of both regional governments to facilitate for the repatriation process.

 The displaced inhabitants have expressed their wish to be repatriated to their villages, during the visit of the high level delegation led by the Deputy Prime Minister. 

 As a result, the repatriation process will be launched soon as per their desire, Mitiku said.

 Emergency assistance including edible and non-edible items were supplied to the citizens in need by the federal government right after the conflict.

 “Basic needs for the displaced citizens were provided by all stakeholders,” the Commissioner stated, adding that “zonal and district administrations hosted them.”

 According to Mitiku, neighboring regions, particularly Harari State and Dire Dawa Administration have contributed a lot to the displaced compatriots and the communities did their best to host the displace citizens.

 Following the peace conference, rehabilitation of the displaced citizens will be fully implemented in accordance with the choice of the citizens, the Commissioner elaborated. Government authorities from the two regions and representatives of the communities will take part in the conference.

 He noted that as “conflict by its very nature hinders the rapid intervention of humanitarian aid and since the regions share 1,500 km border the logistics was complicated.”

 The conflict that occurred in some part of the border areas of the two regions has caused death of citizens and displacement of inhabitants.

Published in Politics

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