Items filtered by date: Wednesday, 15 March 2017

Addis Ababa March 15, 2017 Turkish companies’ interest in investing in Ethiopia in various areas is increasing steadily, according to the country's Ambassador to Ethiopia.

President Mulatu Teshome held discussion with Turkish business delegation here on Wednesday.

After the discussion, Ambassador Fatih Ulusoy said companies are interested to engage in the areas of construction materials, textile and garment as well as energy.

The Ambassador added, Turkey’s presence has always been very strong in the textile field and there are still many companies from Turkey that interested in moving their investments to Ethiopia.
“Every week, we have different groups of business men from Turkey who are very keen on investing in the country”, he said.
Turkey has more than six billion USD investments in Sub-Saharan Africa, of which 2.5 billion USD is in Ethiopia.
“So, this is a very clear sign of the investment climate of Ethiopian government presence and we continue to work with the government in this regard, to attract more business and investment from Turkey” he said.
According to the ambassador, the trade volume between the two countries which stands at 440 million USD per year doesn’t reflect their potential.
During the visit of President Mulatu Teshome to Turkey, the two countries agreed to increase their mutual trade volume to one billion USD, he indicated.
President Mulatu on his part said that Ethiopia and Turkey have historical relationship and Turkish companies have become successful in Ethiopia.
He added that there are many investment opportunities in Ethiopia in which Turkish companies can exploit.
Regarding trade ties, the president said there is untapped potential that Turkish companies could utilize. He mentioned the opportunity that the growing urbanization creates in Ethiopia.

With the development of more industrial parks in the country, the President said that it is easy to do business in Ethiopia.

Published in Economy
Wednesday, 15 March 2017 19:56

Command Post Annuls Some Restrictions

Addis Ababa March 15/2017 The Secretariat of the Command Post of the State of Emergency announced that it has lifted some of the restrictions imposed because of the state of emergency.

The curfew that was imposed on movements around major around infrastructural facilities from 6:00 P.M to 6:00 A.M for security reasons is among the lifted restrictions.

Siraj Fagessa, Minister of Defense and Head of the Secretariat of the Command Post told reporters that the situation for which the restrictions were imposed could now be treated on a regular law enforcement processes.

Furthermore, the regulation that provided for the arrest of suspects and conducting searches without search warrants has also been lifted.

Siraj added that the article to restrict and control messages on radio, TV, literature, pictures, photographs, theater and film productions have also been lifted.

Furthermore, the rights given to security officers to return looted government and private properties without court order has also been cancelled.

Besides, the article that orders offenders who have looted public property or those who have cooperated in illegal riots give their hands to security forces within 10 days starting from the issuance of the first directive has also been cancelled.

A state of Emergency was declared in the country effective 8 October 2016. Some of the articles in the two directives previously issued to implement the state of emergency have been cancelled because the country is back on normal state of affairs.

Published in Politics
Wednesday, 15 March 2017 18:19

Ethiopia Capable of Hosting AFCON

Addis Ababa March 15/2017 Deputy Prime Minister Demeke Mekonnen assured the CAF General Assembly about Ethiopia's capability in hosting African Cup of Nations underlining development of sport infrastructures is well underway.

While addressing the 39th General Assembly of African Football Federation (CAF), Demeke said that Ethiopia has been prioritizing the development of sport infrastructures, particularly stadiums.

The nation has constructed four stadiums that meet the standards of International Football Federation.

The Deputy Premier added that the construction of a stadium with the capacity of 60,000 spectators is underway in Addis Ababa.

In addition to the public investment in the sector, private companies are also taking part in developing some infrastructures, he said, mentioning the stadium built by Sheik Mohammed Hussein Ali Alamoud.

The infrastructures developed so far have built the country’s capacity, he said, adding improving Ethiopia’s capability in hosting tournaments such as African Cup of Nations.

He stressed the need for African countries to work together to develop football. “This is the time on which we should work hard to upgrade the level of football in the continent and we should work in unison for the fruition of this goal."

The 39th General Assembly of CAF is underway at the headquarters of the African Union in Addis Ababa.

Apart from the Deputy Premier, FIFA’s President Gianni Stefano, CAF Prisedent Issa Hayatu, Minister of Youth and Sports Eristu Yirda, CAF Executive Committee Members and renowned footballers are presiding over the conference.

Published in Sport

Addis Ababa March15/2017 Improving flow of information among African countries is important to realize renaissance of the countries, Dr. Negeri Lencho, Minister of Government Communication Affairs Office said.

The Minister made the remark while discussing with Journalists drawn from South Africa, Botswana and Mozambique who are here on media tour.

Speaking to the journalist, Dr. Negeri  said that The flow of information among African countries has not developed to the desired level and such working visits by African journalists will play its role in integrating the continent, the minister added.

“Facts show that although we have our own history they have not been well represented in the international forum” the Minister said.

“Because of various reasons quite a number of journalists abroad are not willing to disseminate the true stories from Africa” he added.

“If one part of Africa fails to know what is going on in the other part of the continent and that is  disastrous, therefore, by exchanging the right information I think we can contribute to the attempt made by the African Union in bringing Africans together.” Dr. Negeri underlined. 

The journalists paid the visit to Ethiopia upon the invitation accorded to them by the Government Communications Affairs Office (GCAO) as a means of strengthening the all sided cooperation among African countries.

Yesterday, the Journalists have visited the 656 km Addis Ababa-Djibouti railway, which is under test operation.

Kalden Ongumu, a journalist from South Africa said, “as a journalist I have been covering a whole live news and what we have been seeing  about Ethiopia in the past  covers starving children,  much poverty, but coming here today and seeing everything in person helps you to know that so much has changed in this country.” 

“We have been speaking to a lot of officials here and the common man, and they have hopes and we as a journalist see a lot of development that have happened in the last few years, and I guess in the next five years may be Ethiopia is going to be a totally different country”, she added.

Ongumu, who came to Ethiopia for the first time, expressed her hope that with the continuation of ongoing developmental activities the nation will “on the top of the continent.”

“Other countries in Africa need to look on how Ethiopia has started from the scratch without the help from other countries in the continent as well as the world. Coming here and seeing how they have done it would help other countries to engage their population in similar efforts.” she urged.

Sticking to deadlines in completing projects and extending railway service to the neighboring countries are also the other aspects that other African countries need to learn from Ethiopia, she added.

Senior economic reporter of South African Broadcasting Corporation (SABC), Amina Accram on her part said, “I was here a couple of years back and when I came back there are a lot of developments.”

The Ethiopian government had played a crucial role in rendering political support for South Africa during the apartheid era by serving Mandela and providing him the necessary trainings, Amina added.

“If we can get our governments together, we can get our economies to work together and to function efficiently and the money to build the infrastructure will be available” she emphasized.

The 656 km Addis Ababa-Djibouti railway, which is under test operation since its inauguration in October, will fully be operational soon.

Besides the technology and knowledge transfer made during the construction of the railway, the staff of the Ethiopian Railways Corporation had gone through a number of trainings to enhance their capacity especially in cooperation with Pietersburg University.

The nation is planning and aspiring to stretch its railway network from the existing 1,500 km to 5,295 km by the end of the second Growth and Transformation Plan period as one of the mega projects geared towards networking with the neighboring countries and the continent at large.

Published in Economy

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