Items filtered by date: Tuesday, 09 January 2018

Addis Ababa  January 09/2018 The Turkish Tosyali Holding Company has expressed its interest to invest in steel production in Ethiopia.

Leader of the delegation of Tosyali Company, Fuat Tosyali, discussed today about steel investment in Ethiopia with Foreign Affairs State Minister Dr. Aklilu Hailemichael.

Company Chairman Fuat Tosyali told journalists that his company is ready to engage in producing steel in Ethiopia.

“We had a very positive meeting with the State Minister about the investment environment and conditions here in Ethiopia. Our meeting in the morning with the Commissioner of Investment Commission was also extremely positive,” he said.

Tosyali stated that the holding group has an investment in Algeria that exceeds over 2 billion dollar and is becoming a net exporter of steel products.

“Likewise, with the investment we are planning in Ethiopia we are planning on substituting the imports of steel production in Ethiopia”, he added.

He also highlighted that the company will supply some steel products for several local companies when it starts production.

The chairman also mentioned that the company will start the investment in the very near future as it has very fast moving investments in other countries.

State Minister Dr. Aklilu said the company will have a great role to creating job opportunities while supplying its products to local companies.

The Turkey based TOSYALI Holding company was established in 1952 and has been engaged in producing flat steel and steel pipe products.

The company has 25 steel manufacturing factories in USA, Europe, Africa, and Middle East countries.

Published in Economy

Addis Ababa January 09/2018 The 16 national political parties negotiated today on the anti-terrorism law of the country.

The negotiating parties have agreed over the importance of the anti-terrorism law but to consider its amendment and the inclusion of new articles.  

The group of 11 opposition political parties has requested the amendment of 4 articles, the omission of 6 articles and the introduction of 5 articles.

Other individual opposition political parties criticized the law for narrowing the political space in the country.

The ruling party, EPDRF, pointed out on its part that there is no convincing reason that compels the dropping and amending of the law. However, the party is willing to consider the inclusion of the articles proposed by the group of 11 opposition political parties.

The anti-terrorism law is based on the Constitution and international anti-terrorism laws, the party argued.

The parties agreed to continue the negotiation on Thursday, January 11, 2018.

Published in Politics

Addis Ababa January 09/2018 Ethiopia and United Arab Emirates have underscored today the need to fast-track the overseas labor agreement that was discussed over the last two years.

Foreign Minister Workneh Gebeyhu and Nasser Bin Thani Al Hamel, United Arab Emirates (UAE) Minister of Human Resources and Emiritization, stressed the need to fast-track the agreement.

Commending UAE for its unflinching position towards ensuring the dignity and rights of Ethiopian Nationals living in the country, Dr. Workneh described Ethiopians working in UAE as “bridges between the two countries.”

UAE Minister of Human Resources and Emiritization, Nasser Bin Thani Al Hamel on his part reiterated the importance of close collaboration and consultation to further enhance the long-standing ties. He described the ties between the two countries as “important”.

Officials from the Ethiopian Ministry of Labor and Social Affairs along with experts from Ministry of Foreign Affairs will meet their UAE counterparts to discuss the drafts exchanged earlier, according to Ministry of Foreign Affairs.

Foreign Minister Workneh noted the signing of the overseas labor agreement will create a viable legal framework for protection and safety of workers.

He called for the conclusion of the ongoing exchange of technical matters and the inking of the agreement.

Published in Politics

Addis Ababa January  09 /2018 Ethiopia has secured over 1.8 billion USD revenue from tourism during the past six months, Ministry of Culture and Tourism (MoCT) disclosed.

Some 485,806 foreign tourists have visited the country during the stated period and 1,818,857,664 USD earned.

Presenting the half-year performance of  MoCT to the House of People's Representatives today, Minister of Culture and Tourism Hirut Woldemariam said 10.5 percent increase in revenue was registered when compared to that of same period last year.

Collaborative efforts of her ministry and ministries of Foreign Affairs and Office of Government Communication Affairs as well as the general public have contributed to the achievement registered, according to Hirut.

The other major achievement of the budget year is the finalization of the study of Lalibela churches conservation project for which fundraising program is underway.

The finalization of the nomination files of Dire Shiek Hussien, Holka Sof umer and Melka Kuntre historical sites in accordance with the requirements of UNESCO were also mentioned among the achievements of the ministry during the period.

Published in Economy

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