6th anniversary of Grand Ethiopian Renaissance Dam celebrated in London 27 June 2017 27 June 2017The 6th anniversary of the start of construction on the Grand Ethiopian Renaissance Dam (GERD) was recently celebrated in the presence of more than 500 members of the Ethiopian diaspora, Diplomats and invited guests in London, together with celebrations for Ethiopia’s Victory Day. Most Ethiopians have contributed to the GERD and the total of pledged money now received has reached 70% (9.4 billion Birr). A special National Lottery has raised 64.7 million Birr. Ethiopians engaged in natural conservation activities have planted over 4 billion seedlings to prevent run-off and loss of rainwater, contributing the equivalent of 47 million birr. Ethiopian international professional support is also huge, with over 170 UK-based engineers supporting the project.
June 27, 2017 12:56 UTC
Israel-based tailored clothing maker Bagir Group has completed the acquisition of the remaining 50% shareholding in Nazareth Garments, the joint venture owner of its manufacturing site in Nazareth, Ethiopia, in a deal worth US$1.9m. The acquisition was first announced in February, ahead of plans to ramp up expansion at the site, and was conditional on, amongst other things, certain procedural share registrations in Ethiopia and capital gain tax clearance on the sellers of Nazareth Garments. Now, the company, which shipped the first trouser exports from Ethiopia for H&M and Haggar Clothing late last year, says all conditions have been met and the acquisition has been completed. "Since 6 February 2017 we have been able to progress our plans to expand capacity at this excellent site alongside completing the transaction," says Bagir CEO Eran Itzhak. The company returned to profit in 2016 after a "turnaround trading performance" that saw it clear all bank debt, reduce its total cost base by around 30% and invest in future growth.
June 27, 2017 12:11 UTC
Photo: Mamelodi Sundowns FCSundowns celebrate after winning the Africa Champions League trophy. Right after the defeat St. George were forced to go down one ladder on five points from four games. Mamelodi Sundowns and St. George are separated on goal difference. Salhadin Seid he is confident to collect the full three points with a win over Mamelodi Sundowns of South Africa. In their opener against Sundowns St. George managed a goalless tie.
June 27, 2017 11:48 UTC
Addis Ababa University (AAU) Centre for Environmental Sciences is putting extra efforts of graduating competent professionals aimed at supporting nation's overall activities of building climate resilient environment and economy. The Centre Head Dr.Teshome Sorensa told The Ethiopian Herald that the university has so far graduated over 800 environmental science professionals with graduate and postgraduate degrees." Plus, some of them are teaching environmental science courses at various universities." Centre for Environmental Science teaches students from various countries because the curriculum gets along with international standards. Centre for Environmental Science, a department under Natural and Computational Sciences College of AAU, offers courses in three thematic areas: Natural Resource Management, Pollution and Sanitation, and Atmosphere, Energy and Climate Change.
June 27, 2017 11:37 UTC
With 1-0 defeat by the already champions St. George, Commercial Bank of Ethiopia confirmed their demotion to the lower division after 35 years in the top flight. A win over St. George alone was not enough for their survival. This is a good position for Sidama Coffee who are already eliminated from the Ethiopian knock out tournament. If St. George end the season as double winners the regulation gives Sidama Coffee an opportunity to play in the CAF Confederation Cup. So now Sidama Coffee eagerly awaiting the end of the Ethiopian knock out tournament that reached the quarter final stage.
June 27, 2017 11:37 UTC
Kanpur, Jun 27 (PTI) The National Sugar Institute (NSI) has entered into an agreement with Ethiopia for setting up 10 new sugar factories, besides a sugar institute, in the East African state. The NSI will assist Ethiopian Sugar Corporation (ESC) in setting up 10 new sugar factories and raise the existing sugar production there, the Institute’s Director Narendra Mohan said here today. At present, there are only seven sugar factories in Ethiopia which produce about 3.60 lakh tonne of sugar annually. After the new factories come up, the total sugar production in Ethiopia will shoot up to 46 lakh tonnes a year. The NSI will also provide academic and technical assistance to ESC in setting up a hi-tech sugar institute, he said.
June 27, 2017 10:41 UTC
ADDIS ABABA, June 26 (Xinhua) — Ethiopia’s Minister of Foreign Affairs Workneh Gebeyehu on Monday asserted the need to strengthen the long-standing cooperation between Ethiopia and Russia. The two foreign ministers have discussed bilateral and international issues of mutual interest as well as ways to strengthen their cooperation in many sectors, including infrastructure, trade and other economic spheres. Gebeyehu, who invited Russian companies to invest in the east African country, further noted that Ethiopia’s mining and energy sectors would be good opportunities for Russian companies. Russian company, Inter RAO-Export, has recently expressed its interest in the construction and modernization of hydroelectric stations in Ethiopia, while another Russian oil and gas company, GPB Global Resources, is already exploring hydrocarbons in the eastern part of Ethiopia. The two countries, as part of their push to strengthen their cooperation, have recently signed a Memorandum of Understanding (MoU) on scientific and technical cooperation, including the peaceful uses of nuclear energy.
June 27, 2017 01:30 UTC
ADVERTISINGIt has also lent or committed almost $4 billion to three FLNG schemes off the African coast. The only operational FLNG project launched in Malaysia last year, with construction of the floating platform costing around $1.6-$1.7 billion. This month, Chinese banks including Industrial and Commercial Bank of China, and Bank of China committed around 1.75 billion to project finance the Coral South FLNG project in Mozambique, bankers said. AFRICA AND BEYONDThe next big African deal, in Equatorial Guinea, is being financed by China State Shipbuilding Corp with a $1.2 billion loan for Fortuna FLNG, bankers say. Equatorial Guinea sees scope for another two FLNG projects, its petroleum minister has said, while BP and joint venture partner Kosmos Energy are also eyeing two in the waters of Senegal and Mauritania.
June 27, 2017 00:56 UTC
Source: Xinhua| 2017-06-27 02:03:16|Editor: huaxiaVideo Player CloseADDIS ABABA, June 26 (Xinhua) -- The Ethiopian Meteorology Agency on Monday warned farmers across the country over the prospect of above-average rainfall in the coming days which could affect crops. The agency through its announcement indicated that the above-average rainfall would threaten the safety of agricultural crops in some cereal producing regions of the country during the upcoming five days. As the country is still facing below-average rainfall, the Ethiopian Meteorology Agency recommended farmers and institutions to take water-saving measures during the coming days so as to combat the long-term impact of the drought. Primarily spotted in Ethiopia in late February 2017, the insect has been rapidly expanding its presence over the past three months. The Ethiopian Meteorology Agency has cautioned that the unexpected above-average rainfall could also create favorable conditions for others pests to emerge and advised close monitoring.
June 26, 2017 18:11 UTC
MOSCOW (Sputnik) — He called such behavior perilous and called for it to be stopped for the sake of the fight against terrorism in Syria. "We consider it a very dangerous game that should be stopped, and all the double standards or some ulterior thoughts should be set aside for the sake of uncompromising fight against terrorism," the minister said. In July 2016, al-Nusra Front declared that it had changed its name to Jabhat Fath al Sham and ceased all affiliation with any external entities. Russia has repeatedly called for the separation of armed Syrian opposition from terrorists. Moscow has also denounced US deliveries of weapons to groups with possible connections to terrorist organizations and accused Washington of mixing anti-terror activities with geopolitics.
June 26, 2017 17:26 UTC
Source: Xinhua| 2017-06-27 00:52:35|Editor: Mu XuequanVideo Player CloseADDIS ABABA, June 26 (Xinhua) -- Ethiopia's Minister of Foreign Affairs Workneh Gebeyehu on Monday asserted the need to strengthen the long-standing cooperation between Ethiopia and Russia. The two foreign ministers have discussed bilateral and international issues of mutual interest as well as ways to strengthen their cooperation in many sectors, including infrastructure, trade and other economic spheres. Gebeyehu, who invited Russian companies to invest in the east African country, further noted that Ethiopia's mining and energy sectors would be good opportunities for Russian companies. Russian company, Inter RAO-Export, has recently expressed its interest in the construction and modernization of hydroelectric stations in Ethiopia, while another Russian oil and gas company, GPB Global Resources, is already exploring hydrocarbons in the eastern part of Ethiopia. The two countries, as part of their push to strengthen their cooperation, have recently signed a Memorandum of Understanding (MoU) on scientific and technical cooperation, including the peaceful uses of nuclear energy.
June 26, 2017 17:03 UTC
On June 26, Foreign Minister Sergey Lavrov held talks with the Minister for Foreign Affairs of the Federal Democratic Republic of Ethiopia Dr Workneh Gebeyehu, who is in Moscow on a working visit. The two ministers praised the traditional friendly relations between Russia and Ethiopia, and mutually beneficial cooperation in various areas, confirming their shared commitment to step up trade and economic ties with a focus on the implementation of large-scale joint projects in Ethiopia, including in the energy sector, extraction of minerals and the development of infrastructure. They also highlighted the importance of relying on mechanisms provided by the Intergovernmental Russian-Ethiopian Commission on Economic, Scientific, Technical and Trade Cooperation, and the mutual interest in the promotion of ties in the field of education, science and high technology. Mr Lavrov and Dr Gebeyehu had a detailed discussion on the topical international and regional issues, including conflict settlement in Africa, and examined the situation in the Horn of Africa, Somalia, South Sudan, the Sahara-Sahel zone, and in the Great Lakes Region. Both Russia and Ethiopia strongly believe in the importance of consolidating international efforts to combat terrorism with the UN playing a central coordinating role.
June 26, 2017 16:41 UTC
Ethiopia makes a compelling business case for us to serve global customers faster at a competitive price. It mitigates export risk and catapult Raymond among top five leading suit makers in the world. Having said that, we are committed to ‘Make in India’ and been manufacturing here since 1925. As a white label-integrated supplier to leading international brands, we make garments for export to the US, Europe and Japan. It permits Raymond to promote sale of Khadi products and forge links with established marketing agencies through the PPP mode.
June 26, 2017 16:41 UTC
Source: Xinhua| 2017-06-26 23:57:01|Editor: Mu XuequanVideo Player CloseADDIS ABABA, June 26 (Xinhua) -- The 29th Ordinary Session of the Summit of the African Union (AU) will kickoff at the AU headquarters in Ethiopia's capital Addis Ababa on Tuesday. The 29th summit, which will take place from June 27 to July 4, will be held under the theme "Harnessing the Demographic Dividend through Investments in Youth." The PRC meeting is expected to prepare the agenda of the AU Summit with appropriate recommendations for consideration by the Executive Council, which is scheduled to take place from June 30 to July 1. The Permanent Representatives' Committee meeting will bring together all the Ambassadors of the 55 AU member states based in Addis Ababa and other key AU officials, the AU Commission announced. The main event of the summit, the 29th Ordinary Session of the Assembly of the Heads of State and Government of the African Union, is expected to take place from July 3 to 4.
June 26, 2017 16:07 UTC
Source: Xinhua| 2017-06-26 23:46:58|Editor: huaxiaVideo Player CloseADDIS ABABA, June 26 (Xinhua) -- The Ethiopian Mines, Petroleum and Natural Gas (EMPNG) is to establish five gold trading centers across the country to combat contraband gold trade. The information was given on Monday by EMPNG artisanal mines production support directorate director Jigsa Kidane who also says the new centers will help in cutting long distance that artisanal miners had to travel to sell their gold find and thereby legalizing artisanal gold mining trading. Ethiopia earned 74 million U.S. dollars from gold exports for the 11 months of Ethiopian fiscal Year (EFY) 2016-2017 ending in May. The revenue was smaller by half from the same period last year EFY 2015-2016, when Ethiopia earned 150 million dollars from gold exports. The Ethiopian government blamed primarily contraband gold trading for the decrease in gold exports revenue.
June 26, 2017 15:56 UTC