Industrial development and value addition in the manufacturing sector in Africa has declined over the last eight years costing the continent $72 billion. “The share of manufacturing sector in Africa’s GDP has declined to probably about 10%. That means industrial value added is falling down. Low manufacturing capacity, productivity and infrastructure challenges are often mentioned as obstacles for hindering the development of manufacturing industries in Africa. The annual meeting is expected to discuss how to address these challenges based on the experiences of industrialized economies such as South Korea.
May 22, 2018 07:26 UTC
I couldn’t believe that this is the country to which Ethiopia sent some 3,000 troops under the United Nations to reverse the North Korea invasion in 1950. Is it really the country we helped during that war because we were in better condition? It is indeed a shame Ethiopians and the people of African countries so to speak deserve more than that. As a result, those who politically or tribally connected become the movers and shakers of many African countries including Ethiopia. In my view without undoing those things and pursuing business as usual is like doing the same thing expecting different result.
May 22, 2018 03:33 UTC
Ethiopian Airlines announce that it set to launch thrice weekly flights to Jakarta, Indonesia. Ethiopian will deploy the modern Boeing 787-8 on the route, which not only offers unparalleled onboard comfort to passengers, but is also the world’s most environmentally friendly aircraft with its lower carbon and noise emissions, according to Ethiopian Airlines press statement. Member of the G-20, Indonesia, is the world’s 4th most populous nation and 10th largest economy in the world. “We are very happy to launch a direct service to Jakarta, the first direct connection between Africa and Indonesia and the first flights into Jakarta by an African carrier,” said Tewolde GebreMariam, CEO of Ethiopian Airlines Group. Indonesia is one of the most populated countries in the world with a fast growing economy and an emerging manufacturing hub,” Mr. Tewolde said.
May 22, 2018 01:18 UTC
Kendrick Lamar called out a white woman for using the N-word during his performance at Hangout Fest in Gulf Shores, Alabama on Sunday. Lamar invited the fan onstage to rap his 2012 song "M.A.A.D. The fan started to rap a verse from the song and repeatedly included the N-word without censoring herself. Lamar responded, "You got to bleep one single word, though," and the fan said, "Oh, I'm sorry. But Lamar let her rap along with the song again, this time with her leaving out the offensive word.
May 21, 2018 20:15 UTC
More than 30 people were killed and dozens of others are still missing after a tropical cyclone and heavy rains hit the Horn of Africa over the weekend. Cyclone Sagar slammed into the Horn Saturday and Sunday, and local officials say Sagar was the strongest storm ever recorded in the area. Mogadishu Mayor Abdirahman Omar Osman told VOA Somali that the storm killed at least six people. "There is a huge loss of lives and destruction of properties,” he told VOA Somali. He reported the collapse of 41 homes in the town, while another 30 homes were destroyed in Harirad town.
May 21, 2018 16:30 UTC
Omaha, Nebraska-based roaster Hardy Coffee Company has opened a new headquarters in North Omaha’s Highlander neighborhood, including a cafe, a roastery and a bakery all on site. Hardy Owners Autumn and Luke Pruitt also last year applied the Hardy brand to their existing enterprises — Bliss Old Market bakery, which opened in 2010 later took over the adjoining Aromas coffee shop space, and the second Aromas shop they opened in 2013. Roughly 1,060 square feet is taken up by bakery kitchen space, and the cafe footprint is a bit over 1,100 square feet. “This entire project is incredibly exciting.”Revitalization is a core concern for Hardy Coffee both internally and outwardly. “Whether someone loves a caramel latte or naturally processed Ethiopian, we want them to feel welcome and cared for in our space,” Pruitt said.
May 21, 2018 15:33 UTC
The decision was made following a request by Ethiopian Prime Minister Abiy Ahmed, who was in Riyadh on an official visit this week, Fana Broadcasting Corporation reported. Hundreds of thousands of Ethiopian nationals live in the Gulf region, mostly in Saudi Arabia. Officials in Riyadh are in the process of deporting more than 500,000 illegal Ethiopian migrants. During his recent visit to Riyadh, Ahmed met with leaders of Ethiopian community and discussed setting up a strong partnership between the government and the community to address challenges they are facing. Established diplomatic relations in 1948, Saudi Arabia is among the first Arab countries to open embassy in Addis Ababa.
May 21, 2018 13:52 UTC
As countries across the Horn of Africa embark on ambitious programmes to attract foreign investment, Djibouti seems a stable option in a volatile region. A new report by political and security risk consultancy Allan & Associates (www.Allan-Assoc.com) offers guidance. Djibouti, which is seeking to become a Horn of Africa trans-shipment hub, has proved attractive to investors in recent years. Indicators suggest that significant investment risks exist in Djibouti, Allan & Associates assesses. Founded in 2006, Allan & Associates has offices around the world, including London, Hong Kong and Shanghai.
May 21, 2018 13:18 UTC
Ethiopia Dismisses Eritrean Charges of Interference as BaselessMay 21, 2018 - Ethiopia denied Eritrean accusation of interference as “baseless”, according to Sudan Tribune. Last week Eritrea issued a statement accusing neighboring Sudan and Ethiopia of conspiring to support Eritrean rebel groups. Eritrea claimed Ethiopia and Sudan allegedly agreed to deploy Eritrean armed opposition groups along the two countries’ borders with Eritrea to facilitate hit and run attacks on Eritrea. In an interview with Xinhua, an Ethiopian foreign affairs ministry spokesman, Meles Alem, said the allegations that they are working with Sudan to support Eritrean rebels are false. Source: Sudan TribuneBack Print
May 21, 2018 12:11 UTC
Arab members of Israeli Knesset and left wing activists participate in protest against the opening of the new US embassy in occupied Jerusalem. Haifa is Israel’s third largest city and about 10 per cent of its roughly 300,000 residents are Arabs. On Saturday, Odeh attempted to visit Farah, who was taken to the hospital for treatment on his knee. He was blocked, however, by Israeli regime police and an angry exchange was caught on film, including Odeh cursing at the police officer. Last Monday was especially fraught as Israeli occupation regime snipers shot dead some 62 protesters and wounded thousands.
May 21, 2018 12:00 UTC
Ethiopia’s Prime Minister Abiy Ahmed said he’s “sure” Ethiopian-born Saudi billionaire Mohammed Al Amoudi will be released and returned to Ethiopia “soon” following discussions with Saudi Crown Prince Mohammed bin Salman, according to state media. “One of the reasons we went to Saudi Arabia was to ask the Saudi government to release Sheikh Mohammed Al Amoudi,” the state-owned Ethiopian News Agency reported, citing Abiy. Al Amoudi, born in Ethiopia to a Saudi father and an Ethiopian mother, was detained in November in Saudi Arabia as part of a crackdown on alleged corruption. In Ethiopia, Al Amoudi is said to be the biggest private investor. 1,000 Ethiopian prisonersIn a related note, Saudi Arabia agreed to release 1,000 Ethiopian prisoners from the kingdom after a request by Abiy to the crown prince at a meeting in Riyadh on May 18, Fana news agency reported, citing Ethiopian Information Minister Ahmed Shide.
May 21, 2018 05:37 UTC
MOSCOW (Sputnik) - The UK parliament’s call to toughen sanctions against Russia is linked to unprecedented Russophobic mania in that country and is another steps toward hostile competition, Kremlin spokesman Dmitry Peskov said Monday. "We are witnessing a rather unprecedented mania, Russophobic mania in the UK, which finds many manifestations, including these. Peskov said investors from other countries are unlikely to ignore UK actions against Russian businesses since they may face such problems as well. The committee added that the use of London as a “base for the corrupt assets of Kremlin-connected individuals” had implications to the UK national security. Combating alleged Russian corruption schemes in the United Kingdom should be a foreign policy priority for the UK government, according to the report.
May 21, 2018 03:56 UTC
Riyadh to release Saudi-Ethiopian tycoon detained in anti-graft swoopADDIS ABABA: Saudi Arabia will soon release Mohammed Hussein Al Amoudi, an Ethiopian-born Saudi billionaire arrested in November during a crackdown on corruption, Ethiopia´s prime minister said. Abiy Ahmed made the remarks late on Saturday after arriving from the Gulf kingdom, where he met Crown Prince Mohammed bin Salman during a two-day visit. “The incarceration of one Ethiopian is the incarceration of all Ethiopians. Sheikh Al Amoudi´s arrest is top in the agenda for all Ethiopians,” Abiy said in the capital Addis Ababa. “We have made the request - we are sure that he will be released very soon,” he added in a townhall-style gathering.
May 21, 2018 02:37 UTC
“The role of the state is key for developing manufacturing industries. He mentioned that Ethiopia is one of the countries doing well in terms of state involvement in facilitation of manufacturing industry development. There has to be a balance between the role of the government and the private sector, according to Adesina. Commenting how possibly can Africa countries afford to finance the development of manufacturing industries, President Adesina mentioned multiple means of resource mobilizations. He also mentioned the need to mobilize money from capital markets in Africa, multilateral international financiers such as AfDB and pension funds from across the world.
May 21, 2018 01:25 UTC
Ethiopian runners and Melesu Birhano clinched the men's and women's titles respectively of the 2018 Yinchuan International Marathon here on Sunday. In the men's full marathon race, 23-year-old Weyesa seized victory in 2 hours 21 minutes and 15 seconds, while his compatriot snatched the women's title in 2:44:48. This year's race attracted more than 23,000 athletes from countries and regions including China, South Korea, andThe first Yinchuan International Marathon was held in May 2017, attracting 20,000 runners from 41 countries and regions. --IANSkk/bg(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
May 20, 2018 13:52 UTC