Ethiopia earns over $49mln from electric power sales to Djibouti, Sudan (May 18, 2017)
Ethiopia earned more than 3.8 billion birr from electric power sold during the past 10 months. The plan was to generate 4.7 billion birr, said Bizeneh Tolcha, public relations head at the Ministry of Water, Irrigations and Electricity (MoWIE). More than 49.4 million US dollars of the total revenue was made from power exported to Sudan and Djibout, he said. In addition to meeting local demands, Ethiopia has a plan to sell electric power to neighboring countries once the power projects being built are completed. more
Under Secretary General Praises Ethiopia for Role in Maintaining Int’l Peace (May 17, 2017)
nder Secretary General for Field Support at the United Nations, Atul Khare, praised Ethiopia’s contribution to the maintenance of international peace and security. The Under Secretary General held discussion today with State Minister of Foreign Affairs Hirut Zemene. He thanked the government and people of Ethiopia for the great scarifies they made to bring peace and security. Khare said that “we remember the ultimate scarifies of the Ethiopian solders that lost their lives to bring peace and security to other countries.” more
World Bank to Provide 4.9 Billion USD for Ethiopia (May 17, 2017)
The World Bank Group disclosed that it will provide 4.9 billion USD for land, watershed restoration and women entrepreneurship projects as well as the Productive Safety Net program. World Bank Managing Director, Kristalina Georgieva, held discussion today with Deputy Prime Minister Demeke Mekonen on ways of further enhancing partnership toward eradicating poverty. After the discussion, the Georgieva told journalists that the World Bank is preparing country partnership framework and the national envelope for Ethiopia is in the order of 4.9 billion USD. “I was reporting that the World Bank will be able to provide very sizeable support for Ethiopia for the next three years”, she added. more
Ethiopia’s Growth Enabling to Implement Climate Resilient, Green Dev’t Strategy: Professor Sterner (April 25, 2017)
The rapid economic growth in Ethiopia can create good opportunity and enabling situation in implementing its climate resilient and green development strategy, according to Professor Thomas Sterner of University of Gothenburg and Former Chief Economist of Environment Defense Fund (EDF). Professor Thomas Sterner made the remark in his keynote address to the first Annual Conference on Ethiopia’s Green Development Path that opened today. The country’s trade and FDI dramatic growth is conducive for industrialization as well as the development of renewable energy potentials such as solar, hydro, and wind, the professor said. Ministry of Environment, Forest and Climate Change Minister, Dr. Gemedo Dale, told reporters that Ethiopia is on the right track since all sectors have been mainstreamed with the Climate Resilient Green Economy Strategy and structure for implementing have been put in place. more
Ethiopia Launches 2nd Human Rights Action Plan (April 26, 2017)
The second national human rights action plan of Ethiopia which endeavors for the better promotion and protection of human rights is launched today. The action plan that runs until 2019 was approved by the House of the Peoples’ Representatives in December 2016. The action plan includes detailed directions which will contribute to undertake human rights centered development activities and strengthen human rights institutions. The action plan will help the government to prepare new legal frameworks and revise exiting laws to ensure human rights. While launching the action plan, Prime Minister Hailemariam Desalegn said “The human rights action plan will strengthen our capacity of ensuring the exercise of human rights while enforcing and enriching the development of democratic institutions.” Hailemariam said that democracy in Ethiopia is growing and on a progress, despite wrong perceptions by some. more
Pizza Hut Enters Ethiopia in Latest Expansion Into Africa (April 25, 2017)
Pizza Hut is set to open three outlets in Ethiopia this year, becoming one of the first international restaurant chains to enter Africa’s second-most populous country. The restaurants are scheduled to begin serving in the capital, Addis Ababa, by November, franchisee Aschalew Belay said in an interview Monday. more
US companies keen to invest in Ethiopia (April 17, 2017)
A US business delegation meeting State Minister of Foreign Affairs, Dr. Aklilu Hailemichael on April 13, 2017 in Addis Ababa said they have visited different places in Ethiopia and want to involve in different infrastructural investment sectors in the country apart from their main Paramedical Project. The US business delegation which comprises Mr. Reddy N Apoori, President of Aerogenics Inc, and Dr. Gaddam Shachinder Reddy, Chairman of Pharma Project was accompanied by Berhane Kidanemariam, Consul-General at the consular office in Los Angeles and members of the Oakland-based Hidassie Ethiopian Disapora Committee. more
Addis Ababa to Host 2017 World Hydropower Congress (April 25, 2017)
Ethiopia will host the 2017 World Hydropower Congress on 9 – 11 May 2017, the International Hydropower Association announced. The 2017 World Hydropower Congress will bring together leaders and specialists to set the course for hydropower’s contribution to future energy and water systems. How to do ‘better hydro’ in a changing world will be a central theme. It will also explore a diversity of perspectives and will examine how initiatives of governments, businesses, finance, civil society and academia can advance sustainable development. more
Ethiopian Airlines to be official African Carrier for GOJ UNWTO Global Conference (April 26, 2017)
Africa’s Minister of Tourism Hon. Edmund Bartlett has announced that one of Africa’s largest airlines, Ethiopian Airlines, has been designated as the official carrier for African States attending the ‘UNWTO, Government of Jamaica and World Bank Group Conference on Jobs & Inclusive Growth: Partnerships for Sustainable Tourism’, scheduled for November 27–29, 2017, at the Montego Bay Convention Centre. The decision was made during Minister Bartlett’s just concluded trip to Ethiopia, following a meeting between Minister Bartlett and Ethiopian Airlines Group CEO Tewolde GebreMariam. more
Premier Emphasizes Need for Institutional Capacity Building, Dev’t of Tourism Destination
|Addis Ababa March 22/2017 Institutional capacity building and development of tourist destinations should be given the necessary attention so that the country can benefit from tourism, Prime Minister Hailemariam Dessalegn said.
The Ethiopian Tourism Transformation Council held its fourth regular meeting here today.
Chairperson of the Council, Prime Minister Hailemariam Dessalegn said on the occasion Ethiopia has a huge potential in tourism but the country has not benefited much from the resource. To secure the desired benefits, attention should be given to institutional capacity building and development of tourism destination.
Encouraging private businesspersons to engage in building hotels, lodges, recreational areas and other infrastructure for tourists is essential, he noted.
The premier criticized the Ethiopian Tourism Organization for not presenting the study it was assigned to motivate investors and instructed to meet the next deadline set.
He further noted that creating ownership mentality among farmers is crucial and efforts should be exerted towards that direction.
Culture and Tourism Minister Dr. Hirut Woldemariam said collaborative efforts will be made in the future as sectors needs the integrated cooperation of stakeholder.
She stated that people-to-people visit program organized in order to increase local tourism revenue.
During the forum it was indicated that due attention should be given to preserving heritages and tourist destinations by developing, protecting and introducing them.
H.E Ambassador Girma Birru’s Interview with EthioTube on Ethiopia’s Current Affairs
Premier Emphasizes Need for Institutional Capacity Building, Dev’t of Tourism Destination
Institutional capacity building and development of tourist destinations should be given the necessary attention so that the country can benefit from tourism, Prime Minister Hailemariam Dessalegn said. The Ethiopian Tourism Transformation Council held its fourth regular meeting here today. Chairperson of the Council, Prime Minister Hailemariam Dessalegn said on the occasion Ethiopia has a huge potential in tourism but the country has not benefited much from the resource. To secure the desired benefits, attention should be given to institutional capacity building and development of tourism destination. Encouraging private businesspersons to engage in building hotels, lodges, recreational areas and other infrastructure for tourists is essential, he noted.(more…)
Ethiopia Committed to Sustain Rapid Growth
Addis Ababa March 21,2017 Ethiopia`s rapid economic growth in the last 13 consecutive years was mainly due to the country’s commitment towards long-term development, said Dr. Abraham Tekeste Minister of Finance and Economic Cooperation.
While briefing a group of African journalists who visited Ethiopia for a week, the Minister said that priority is given to agricultural transformation, infrastructure development, building capacity of the private sector and investing in citizens to realize the growth in addition to the commitment.
Because of the commitment of the government and maximum efforts exerted so far, the size of the economy has more than doubled over the last six years by growing to 72 billion USD at present from 32 billion USD in 2011, he said.
The average per capital income has also reached close 800 USD; poverty has dropped by more than half from 50 to 23 percent while Gini coefficient remains 0.3, according to Dr. Abraham.
In connection to financing ongoing development endeavors, Dr. Abraham said the government has focused in mobilizing domestic resources.
“We focused on increasing our domestic resources to finance our development so we took tax reform; we strengthened our tax administration capacity and tax revenue as a result increased by over 30 percent over the last six years.” (more…)