Items filtered by date: Saturday, 10 February 2018
Saturday, 10 February 2018 00:34

Nat'l Cooperative Exhibition, Bazaar Opens

Addis Ababa February 09/2018 Cooperatives have been playing significant role in enhancing fair sharing of benefits of citizens and the participation of the main development driving people in the country’s economy

The remark was made by President Mulatu Teshome at the opening of the Fifth National Cooperatives Exhibition and Bazaar today.

Opening the exhibition, President Mulatu said modernizing agriculture, developing agro-marketing and enhancing market-oriented agricultural products are also among the contributions of cooperatives.

Agriculture and Natural Resources Minister, Eyasu Abrha said cooperatives have been playing active role in building the capacity of farmers in negotiating market price and mobilizing resources from the public to the national economy.

He added that they help the country to stabilize the market through expanding fair and competitive marketing networks.

Federal Cooperatives Agency Director-General, Usman Surur said Ethiopia has succeeded in building strong and effective cooperatives.

According to him, there are over 82,000 cooperatives, 381 unions and 3 cooperative federations with over 20.1 billion birr capital.

The cooperatives have achieved multifaceted results in productivity, stabilizing market, increasing exports and value addition, Usman added.

Over 280 cooperatives, 100 stakeholders, and 40 agricultural input suppliers are participating in the six-day exhibition and bazaar.

Published in Economy

Addis Ababa February 09/2018 Parties to the peace process of the Second Phase of the Revitalization Forum on South Sudan have continued holding talks on substantive issues of the Agreement of the Resolution of the Conflict on South Sudan (ARCSS), Ministry of Foreign Affairs said.

The parties have signed the Declaration of Principles, it added.

The participants have started talks on Pre-Transitional Period and National Constitutional Amendment Committee (NCAC) stated under Article 13 of the ARCSS.

It is to be recalled that the parties have made a step forward on issues ranging from the Transitional National Legislative Assembly and the Council of States, the Judiciary to the Transitional Institutions and Mechanisms stipulated under various chapters of the agreement signed yesterday.

They have also reached consensus on Mandates of the Transitional Government of National Unity (TGoNU).

The Agreement of the Resolution of the Conflict on South Sudan (ARCSS) was signed on August, 20

Published in Economy

Addis Ababa February 09/2018 The Ethiopian Metal and Engineering Industry Development Institute (MEIDI) said it has prepared schemes that could solve the problems the metal and engineering industry sector has been facing.

MEIDI Director-General, Workneh Delelegn told ENA that price increase and scarcity of metal is among the major problems of the sector.

He said one of the causes of the scarcity is the hoarding retailers and wholesalers have been exercising following the recent devaluation.

In this regard, he said the institute has established task forces in the capital that control the unfair price hike.

Workneh said the institute is also engaged in solving the problem over time by making extensive researches on iron ore resources in the country as means of producing iron products both for market and for the consumption of local industries.

The Director-General added that the country cannot afford to depend only on metal resources imported from abroad and stressed the need for import substitution in the sector.

In line with this iron ore resources in Bikila, Western Wollega Zone, and in Sekota,  Amhara Region, are for instance under exploration, he said.

Investors engaged in the sector on their part urged the government to control and solve the problems as soon as possible.

East Still PLC Marketing Manager, Tewlode Sisay said his company is facing problems due to the price increment of metal products.

The government is expected to take measures to control retailers and wholesalers who artificially inflate the price of metal, he stressed.

Ethiopian Association of Basic Metal and Engineering Industries General Manager, Solomon Mulgeta said there is huge demand of metal due to scarcity of raw materials that has to be addressed urgently by the government.

The General Manager added that the problem is affecting the construction sector which is highly involved in creating jobs.

Published in Economy

ENA Photo Display

Visit Us on Social Media


Visitors Counter