Items filtered by date: Thursday, 04 January 2018
Thursday, 04 January 2018 23:59

Israeli Company to Invest 500m USD in Ethiopia

Addis Ababa January 04/2018 GIGAWATT GLOBAL, an Israeli company said it will invest 500 million USD in Ethiopia in renewable energy and human resource development.

Josef I. Abramowitz, CEO of the company announced the plan following discussions with Prime Minister Hailemariam Desalegn alongside with the Israeli companies.

The company which is interested to invest in solar and wind power has planned to work with 10 Ethiopian universities.

According to him, the project has targeted training hundreds of thousands of engineers in addition to improving power supply.

The company has already concluded agreement with three universities – Debretabor, Jigjiga and Mekele – for the training of the engineers and consultation is going on with the other universities to reach similar stages, the CEO added.

Raphael Morav, Ambassador of Israel to Ethiopia noted that the companies came to Ethiopia as “they believe very much in the opportunities that are here and they came here for a long term investment.”

He added “However there are also some challenges in the activities here so we thought it was important to raise the issues with the Prime Minister and I have to say that we had a very frank and direct conversation. The Prime Minster gave answers to all the questions and the issues that was raised and I think and that would give a good way to go ahead.”

The Ambassador said “We would like to translate the excellent political relations that exist between the two countries into economic benefits for both countries.”

GIGAWATT GLOBAL is among the 10 companies that discuss with the Prime Minister on business opportunities and investment atmosphere.

Energy development, human resource development, education, potable water and agriculture are among the areas that the companies are interested to be engaged.

Published in Economy

Addis Ababa January 04/2018 Chairpersons of the four national member organizations of EPRDF said they are building the federal system based on values of tolerance and mutual respect of the peoples to make it a guarantee for their unity.

The chairpersons briefed journalists yesterday on the deliberations of the EPRDF Executive Committee that was in session for 17 days to evaluate the activities of the organization.

In its extensive evaluation session, the Executive Committee concluded that the federal system is the guarantor and the only viable system for the country, it has reached consensus that the cause of the current temporary challenge is the inability to lead the movement by understanding the objective reality in the country and failing to foresee problems and resolve them.

Responding to the question that conflict arises "due to the establishment of the federal order on the basis of language", the Chairpersons answered in unison by stressing that the federal system addressed the age-old struggle of the Ethiopian peoples for the full respect of their culture, languages and identity.

The federal system therefore delighted the nations, nationalities and peoples by responding appropriately to their demand.  

The Chairpersons, who underscored that the cause of current temporary problems that resulted in death, displacement of people and destruction of property is not the federal system, added that the problems are related to implementation and predatory persons in the localities.

Chairperson of EPRDF and SEPDM, Hailemariam Dessalegn said,

"I think it is important to deeply understand the inception of the Ethiopian federal system. The federal system is an outcome of the solemn declaration by the nations, nationalities and peoples to build democratic Ethiopia on the basis of mutual interest, respect and unity enshrined in the constitution.

"When the nations and nationalities of Ethiopia resolved to build a single socio-economic entity, the federal system acknowledged the diverse culture and historical values of the peoples of this country cemented in their unity.

 "Therefore federalism created a common homeland in which there is no ground for favoritism or a situation in which others are discriminated. Our federal system is an inclusive system in which all stakeholders are included. Thus, the federal system cannot be a cause for any conflict."

Deputy Chairperson of EPRDF and Chairperson of ANDM, Demeke Mekonnen said,

"It is true that we have encountered recurrent conflicts. These conflicts have forced us to pay a lot of sacrifices. Any level of analysis on the root causes of these conflicts cannot however be attributed to the federal system, but correlating the issues with the leadership would enable us to look for viable solutions to resolving the conflicts in their proper order.

Chairperson of OPDO, Lemma Megerssa said,

"The federal system is not something that is superimposed on us but a system which the nations, nationalities and peoples of this country have willingly endorsed. The federal system is a system in which the identities of the peoples of Ethiopia was fully recognized and respected and a system that has answered the demands that the peoples of Ethiopia have voiced for ages. There is no problem with the federal system. The conflicts have never emanated from the federal system but from our inability to implement federalism properly."

Chairperson of TPLF, Dr. Debretsion Gebremichael said, 

"The federal system was enacted to solve the multifarious problems the country had faced. In the advent of the downfall of the Dergue, there were some 17 ethnic based armed groups which could have caused the balkanization of the country unless some drastic measure was taken. The solution to the impending catastrophe rested on acknowledging diversity. Therefore, our federal system was never a problem but a viable solution to resolve conflicts. The system dealt a blow to the proliferation of armed groups and enabled the peoples of Ethiopia to use their languages freely, cherish their history and practice their cultures. It is a system that ascertained equality among the peoples of Ethiopia and prompted them to engage in the development of their country, registering unprecedented economic growth."

Published in Politics

 Addis Ababa January 04/2018 Ethiopia is working in advancing diplomatic relationships and protecting its interest by opening new embassies and consulates in several countries, the Ministry of foreign Affairs  said.

 In a presser he gave on Wednesday, Spokesperson of the Ministry Meles Alem said the Horn African country is taking steps aimed at forwarding its diplomatic relations.

 The Spokesperson said that the Ministry is working to increase Ethiopia's emissaries in the world in order to ensure and protect the interest of the country.

 In this regard, Ethiopia has opened embassies in Rwanda, Algeria, Morocco and consulate general in Turkey over the past two years.

 By doing so, the number of its representativeness abroad has reached 57, of which 43 are embassies and the remaining are consulate generals and honorary consulates.

 The country has also plan to open 40 honorary consulates in Africa, North America, Asia and Middle East countries during the current five-year growth and transformational plan period.

 According to him, the security and foreign policy and strategy of the country have enabled it to reinforce its diplomatic relationships, with emphasis given to enhancing diplomatic relations to further improve economic and social benefit.

 Meanwhile, Meles said that the decision of the Executive Committee of EPRDF to widen the political space will play role in diplomatic activities.

 He said measures to be taken in ensuring peace, deepening democracy and ensuring good governance will play important role in the effectiveness of the country’s foreign policy.

 According to Meles, the measures being taken without the interference of foreign countries and entities and are aimed at creating national consensus.

 In this regard, the Ministry will continue to consolidate efforts that would improve the benefit of the country and protect its national interest, Meles said.

Published in Politics

Addis Ababa January 03/2018 The Ethiopian Peoples' Revolutionary Democratic Front (EPRDF) will strive to compensate for the public grievances by taking practical measures, Chairpersons of the four national member organizations of the Front said.

 The Chairpersons held today a press conference about the 17 days evaluation meeting the Executive Committee of EPRDF had conducted.

 It is in the backdrop of this meeting described as "nothing under the sun was left undisguised" and which issued 8 points resolution by reaching unity of thought that lay the foundation for the practical measures, it was noted.

 According to the Chairpersons, the 17-day deliberation in which every problem and challenge was discussed has helped to create unity of thought and laid the foundation for future measures.

 Chairpersons of ANDM, OPDO, SEPDM and TPLF said all the national parties have come out as victorious and they took full responsibility for the current problems.

 They affirmed that the Executive Committee, which took responsibility for the problems that occurred in the country, is in good position to take rectifying measures.

 Noting that unity of thought is the basis for practical unity, the leaders said the Executive Committee has already started to identify problems that need urgent response.

 Chairperson of SEPDM and EPRDF, Hailemariam Desalegn said the deliberation was 'historic' as the Committee has managed to undergo a thorough appraisal and finally create unity of thought.

 Deputy Chairperson of ANDM and EPRDF, Demeke Mekonen said the Committee has noted that the problems the Executive Committee has identified is common in all the four national parties.

 He emphasized the thought of unity led to the decision to translate the resolutions into action.

 OPDO Chairperson, Lema Megersa pointed out that the identification of problems that would enable it to maintain a healthy situation within the party is the most important thing. 

 Lema highlighted that problems which could undermine the stability of the country were discussed individually and in groups.

 TPLF Chairperson, Debretsion Gebreegziabher said the recent appraisal has helped to discuss issues that have been left undigested during previous in-depth appraisals.

 He acknowledged that problems and limitations were discussed rigorously and differences resolved in the 17-day deliberation.

Published in Politics

ENA Photo Display

Visit Us on Social Media

 

Visitors Counter

0012822510
TodayToday1846
YesterdayYesterday13473
This_WeekThis_Week85960
All_DaysAll_Days12822510