Ethiopia: Ethio-China Dynamic Economic Relations

Ethiopia and China started economic relations about 100 B.C when the Han dynasty of China and the Axumite empire of Ethiopia had trade exchanges. On the other hand, many Chinese companies are engaged in several development projects in Ethiopia. And Chinese companies are on the leading position in terms of capital and in manufacturing industry engagement followed by India and Turky. Observing the nation's stability under the state of emergency, ten giant Chinese companies have also decided to invest in Ethiopia. According to the Chinese Ambassador to Ethiopia La Yifan, the previous year has been phenomenal for Ethiopia in terms of economic growth.

February 18, 2017 17:23 UTC

Ethiopian Ministry Licenses Indian Mining Company

Ethiopian Ministry Licenses Indian Mining CompanyFebruary 17, 2017 - The Ministry of Mines, Petroleum and Natural Gas issued a license to MSP Steel & Power Ltd., an India-based company, in small scale mining production in Oromia regional state. The Ministry licensed the company to engage in the extraction of minerals in West Arsi Zone of Oromia regional state for a period of 10 years, the Ministry told ENA. The license can be renewed for a period of not more than 5 years upon the request of the company. When the company becomes fully operational, it is expected to create jobs for 145 citizens. The company is obliged to fully comply with the federal laws and regulations pertaining to mining and is expected to pursue operational standards.

February 18, 2017 04:08 UTC

Ethiopian Deputy PM Urges Stakeholders to Work on Youth Fund

Ethiopian Deputy PM Urges Stakeholders to Work on Youth FundFebruary 17, 2017 - Deputy Prime Minister Demeke Mekonnen has called on pertinent bodies to ensure benefits of the youth by effectively using the youth revolving fund for intended purpose. Stakeholders met today in Adam town to discussion on the use of the fund which the government of Ethiopia has established to reduce unemployment by financing youth-centered projects. The Deputy Premier noted that youth organizations, banks, micro financial institutions and other stakeholders are expected to play the leading role to use the revolving fund for the targeted goal. Ristu Yirdaw, Minister of Youth and Sports said 2.9 million unemployed youth in urban and rural areas have been identified and preparations are nearing completion to make them beneficiaries of the fund. Governor of Ethiopian National Bank, Teklewold Atinafu, on his part said more than 900 branches of the Commercial Bank of Ethiopian (CBE) and 1,700 micro financial institutions have been readied to ensure access to loan services.

February 18, 2017 04:08 UTC

Suffragette's son Richard Pankhurst dies

Richard Pankhurst, the son of the British women's rights campaigner Sylvia Pankhurst who became one of the world's leading experts on Ethiopian history and culture, has died aged 89. He also inherited an activist streak from his mother and his grandmother, Emmeline Pankhurst, founder of the suffragette movement, which helped secure the right for British women to vote. The British Embassy said Pankhurst had died on Thursday,Ethiopia's Foreign Ministry called him a "doyen of historians and scholars of Ethiopia". "Pankhurst was one of Ethiopia's greatest friends during his long and productive life, and his scholarship and understanding for Ethiopia will be sorely missed," it said in a statement. © RAW 2017TRENDING VIDEO Pet redback spider attacks trapped brown snake A group of tradies have filmed a redback spider descending its web to bite a young brown snake.

February 17, 2017 20:15 UTC

Ethiopians Call for State Funeral for Richard Pankhurst

Ethiopians Call for State Funeral for Richard PankhurstFebruary 17, 2017 - Ethiopians yesterday called for a state funeral to be bestowed on Richard Pankhurst, according to the Telegraph. Although the campaign was only partially successful, it brought international attention to Ethiopia’s storied past, a history that Ethiopians maintain began with the Queen of Sheba. Others called attention to his service, calling him “a patriot of Ethiopia”, “a son of Ethiopia” or simply “a hero”. Richard Pankhurst struck a belated blow against Ethiopia’s former occupiers by leading a successful campaign to force Italy to return the Obelisk of Axum, a 1,700-year-old 79-ft stele plundered by Mussolini’s troops. Pankhurst was decorated by the Ethiopian president in recognition for his work, which did much to restore battered national pride.

February 17, 2017 18:33 UTC

Ethiopians call for state funeral as Richard Pankhurst, champion of Ethiopian culture, dies aged 89

Officials, writers, academics and scores of ordinary Ethiopians issued sorrowful tributes to a man whose legacy was so significant and so varied many struggled to encapsulate it. There was the academic: More than 20 books on Ethiopia, including its first ever economic history. There was the cultural, most notably with the establishment of Ethiopia’s first proper archive. And, perhaps most significantly, there was the diplomatic, in the form of a dogged crusade for the return of Ethiopian cultural artefacts taken to Europe as war plunder. Although the campaign was only partially successful, it brought international attention to Ethiopia’s storied past, a history that Ethiopians maintain began with the Queen of Sheba.

February 17, 2017 18:33 UTC

Norwegian Support for Dental Health Service and Training Department in Addis Ababa University – SAT Press Releases

Submit the press releaseADDIS ABABA, Ethiopia, February 17, 2017/APO/ —The Dental Health Service and Training Department received a donation worth of 50 million NOK dental equipment from the University of Bergen and the Embassy provided financial support for transportation and installation of the equipment, purchase of spare parts, and capacity development of staffs and technicians in the dentistry field. Various speakers form the Addis Ababa University, including the President of AAU appreciated the Government of Norway for the support. The Ambassador emphasized that Norway and Ethiopia has had a long-term collaboration within the health sector and that the relationship now is a strategic one, based on friendship and common interests. He also expressed that:“A sustained and dedicated effort by Ethiopian authorities will be needed to bring adequate dental health care to the whole country. Having good training facilities at Addis Abeba University is a good start and I am convinced that the Ethiopian government will put this facility to its best possible use.”

February 17, 2017 11:37 UTC

Ethiopian Airlines starts services to Guinea, Conakry

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February 17, 2017 06:54 UTC

Ethiopia mourns its friend and greatest historian

The Ethiopian government is mourning one of its greatest historians, Dr Richard Pankhurst, who died at the age of 90. Professor Richard Pankhurst’s work & love for Ethiopia will always b remembered! He was the founding Director of the Institute of Ethiopian Studies and a leading figure within the ‘Friends of Ethiopia’ group. He left Ethiopia to his native Britain but returned in 1986 to continue work with the Institute he founded. He was also awarded the Order of the British Empire by the Queen for his services to Ethiopian studies.

February 17, 2017 03:00 UTC

Ethiopia: Senate Republicans plan to end Diversity Visa (DV)

AdvertisementByPolitico – Overlooked in Donald Trump’s campaign crusade against illegal immigration was his vow to crack down on legal immigration, too. The outspoken, 39-year-old Cotton has written the first in what may be a series of bills to revamp the nation’s immigration system. “Donald Trump was the only one who saw that most Americans don’t like our current immigration system,” Cotton said in an interview with POLITICO on Monday. Cotton and I are taking action to fix the shortcomings in our legal immigration system,” Perdue said. The Trump administration is also entertaining new orders to curb legal immigration programs such as the H-1B visa prized by the tech industry.

February 17, 2017 02:06 UTC

How should the US react to human rights abuses in Ethiopia?

.- One member of Congress is hoping for a “serious policy review” by the Trump administration of the United States' relationship with Ethiopia, citing human rights abuses by the government there. 128) Wednesday “highlighting the crisis in Ethiopia due to government violations of the human rights of its citizens,” Smith stated. “With this resolution, we are showing that the United States remains committed to universal respect for human rights, and that we will not tolerate continued abuse of those human rights by Ethiopian security forces,” Coffman said. “The U.S. and the West cannot sympathize with a government that kills people,” Seenaa Jimjimo, a human rights advocate who was born and grew up in Ethiopia, insisted in her statement at Wednesday’s press conference. “What Congressman Smith and I are asking is for the Congress of the United States to join together and pass this resolution condemning the Ethopian government for its human rights abuses,” Coffman stated.

February 16, 2017 17:37 UTC

French multinational to build three new hotels in Ethiopia

French multinational to build three new hotels in EthiopiaIn a sign of growing optimism in the fast-developing economy of Ethiopia, French multinational AccorHotels will open three new hotels in the capital, Addis Ababa (pictured), in partnership with Ethiopian investors. The group’s Middle East and Africa chief executive Steven Daines said the new hotels would “help build a leadership for AccorHotels across segments on this promising and fast growing market”, reported AccorHotels already operates 111 hotels in 21 African countries. In Ethiopia it opened a 330-room Pullman in 2014 and a 156-key Novotel in 2015. Image: Addis Ababa, capital of Ethiopia (Derejeb/Dreamstime)Further reading:

February 16, 2017 14:26 UTC

Ethiopia’s Foreign Investment Slumps After Business

He said the government may miss its annual target of $3.5 billion, with $3.2 billion more likely to be attainable. Businesses including those owned by Nigerian billionaire Aliko Dangote and Dutch fruit processors were attacked during the unrest. The security forces killed at least 600 demonstrators, according to the Association for Human Rights in Ethiopia. While no foreign investors canceled planned projects, they have taken a “wait-and-see attitude” to the country, Fitsum said. Total foreign direct investment in Ethiopia in the 2015-16 fiscal year was $2.2 billion, according to an EIC statement published on the website of FANA, the ruling-party affiliated broadcaster.

February 16, 2017 13:22 UTC

Somalia’s Presidential Elections: An Opportunity For Reform

Somalia’s Presidential Elections: An Opportunity For ReformLast Wednesday, Mohamed “Farmajo” Mohamed, a former Prime Minister and a dual Somali-American citizen, was elected President of Somalia. Before national elections took place on February 8th, elections had been delayed four times with serious concerns over intimidation and fraud. Somalis have long been wary of Ethiopia’s direct involvement in Somalia’s security situation and Somali national politics with Ethiopia ostensibly able to create divisions among Somalia’s clans as an outside actor. President Farmajo hails from the Darod clan while former former president Mohamud is from the Hawiye clan. On top of concerns of tribalism and Somalia’s security situation, the Somali economy remains underdeveloped.

February 16, 2017 12:00 UTC

Preparations Finalized to Celebrate Grand Ethiopian Renaissance Dam

Preparations Finalized to Celebrate Grand Ethiopian Renaissance DamFebruary 15, 2017 - Preparation has been finalized to celebrate the 6th anniversary of the commencement of the construction of Grand Ethiopian Renaissance Dam (GERD) with different fund raising programs, Office of the National Council for for the Coordination of Public Participation on the Construction of the Dam said, according to ENA. In connection with the anniversary, 11 types of fund raising programs will be implemented, Fikirte Tamr, deputy director general of the office told ENA. Since the launch of the project, the public has been supporting the construction of the dam through labor, knowledge and financial support. Running, football and bicycle competition, bond sale and art nights are among the programs intended to raise funds for the dam. The office has planned to raise 1.8 billion Birr from various sources, during this Ethiopian budget year, According to Fikirte.

February 15, 2017 21:11 UTC

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