Items filtered by date: Wednesday, 14 March 2018

Addis Ababa March 14/2018 More than 2,000 containers have been transported to Modjjo Dry Port since the dry port was linked to the Ethio-Djibouti Railway line two months ago.

According to Ethio-Djibouti Railway Transport Share Company and Ethiopian Maritime Transport and Logistics Enterprise, linking the dry port with the railway line has opened a new chapter in the economic development of the country

Ethio-Djibouti Railway Transport Share Company Director-General, Tilahun Sarka said the linkage of the railway line with the dry port will play a vital role in further enhancing the foreign trade of the country

According to him, the establishment of the linkage has created a favorable condition which will help to end port storage duties as goods can be transported to the dry port within eight days without incurring warehouse expenses.

Tariff payments on the railway line are reduced by 30 percent as compared to transportation by heavy trucks.

The linkage between the railway line and the dry port is also expected to markedly reduce the congestion at Djibouti

Deputy Chief Executive Officer of Ethiopian Maritime and Logistics Enterprise, Captain Tefera Bedasso  told ENA that the linkage between the dry port and the railway line will enhance the nation’s economic development.

He added that the connection between the dry port and the railway line has helped promote logistics services and markedly reduced the time and energy required to facilitate trade.

Tefera said the laxity on the part of businesspersons to collect their containers on time has been a hurdle, particularly with transactions related to government bodies.

Published in Economy

Addis Ababa March 14/2018 The Office of the National Council for the Coordination of Public Participation on the Construction of Grand Ethiopian Renaissance Dam said it plans to collect over 100 million birr in the GERD Bond Week that starts on Sunday March 19, 2018.

Media and Communication Director at the Office, Hailu Abrham called on the Ethiopian people to actively participate in the fund raising campaign that will take place all over the country.

The bond selling program will be held in tents in Addis Ababa, it was learned.

The Office is working with the Commercial Bank of Ethiopia and the Development Bank of Ethiopia to carry out the sale of the bond widely, the Director stated.

Hailu called on the public to purchase bonds and give them as gifts to children, family members and friends as well as relatives.

According to the Director, soil and water conservation works will be conducted along with the bond selling program in farming and pastoral areas.

Farmers and pastoralists have been contributing about 79 billion birr worth labor annually by carrying out soil conservation work for about 30 days in a year to make the dam serve for a long period.

Over 100 million birr was raised last Ethiopian year in the GERD bond week, it was learned.

Some 64 percent of the Grand Ethiopian Renaissance Dam is completed.

Published in Economy

Addis Ababa March 13/2018 Members of the Joint Council of National Political Parties have called today for collaborative effort of all Ethiopians in building national consensus on stabilizing the country.

The  Members of the Council in their regular meeting discussed about the current problems in the country and proposed solutions.

Ethiopian Peace and Democratic Party President, Seid Yimer urged the youth to come forward and be part of the solution.

“All must work towards upholding the torch of peace and stability, instead of trying to worsen the situation at the expense of innocent civilians,” he stressed.

The youth must not accept any foreign funded destructive ideas that might shatter the progress of the country in reaching the status of a middle income country, Seid added.

Ethiopian Democratic Unity Movement President, Guesh Gebressilasie said the youth should not engage in any destructive activities.

Recalling the existence of many foreign forces that take advantage of conflicts, the President said the “government needs to listen to demands of the public and address them quickly.”

Gadaa System Advancement Party Chairman, Robele Tadesse stressed on his part that “the main demand of the public is the effective implementation of the Constitution.”

The Constitution addresses any issues of the country and could even serve as the best benchmark for resolving problems in other African countries, Robele added.

Representative of the Ethiopian People’s Revolutionary Democratic Front, Million Abraha said we all need to take our due share to pursue the development of the country.

Having stated that there are unlimited interests in the absence of national consensus, Million noted “we should not allow any foreign interests to resolve domestic problems.”

Published in Politics

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