Ethiopia is solely directed at finalizing the construction and it does not intend to respond to every recurrent rumors and baseless reports. Tagel Kenubih, Deputy Director General at the Office of the National Council for the Coordination of Public Participation on the Construction of the GERD tells The Ethiopian Herald. The construction of the dam is being carried out in line with the schedule reaching over 60 percent completion currently notes Tagel. So far 10.5 billion Birr is secured from the public, he further note adding that in the last year, the public has contributed financial assistance worth 1.2 billion Birr and is expected to contribute 1.5 billion birr this year. GERD could be used as an opportunity for bringing sense of cooperation and the tripartite national committee has continued to work on the studies, noted Zerihun.
October 12, 2017 09:00 UTC
The European Investment Bank (EIB) will support private equity investment across Ethiopia though support for the new USD 100m Cepheus Growth Capital Fund. “The European Investment Bank is committed to fostering private sector investment across Africa. Our first support for private equity in Ethiopia, through the Cepheus Capital Growth Fund, will help leading local companies to expand and succeed. “Private equity investment will strengthen the growth of leading companies in Ethiopia and create new jobs across the country. Over the last five years the European Investment Bank has provided more than EUR 10.1 billion for investment across Africa.
October 12, 2017 09:00 UTC
At different times, Ethiopia has lost numerous ancient cultural heritages and treasures because of looting and plundering. On the other hand, the looting and smuggling of these precious cultural heritages are still prevalent inside the country. Hailemelekote Agizewe, Senior Heritage Conservator at the Authority says the Emperor had collected most of Ethiopian heritages in a library. "We have prepared a national scientific heritages registration manual format," Abera says adding "we are also preparing national data base for cultural heritages". According to the proclamation, individuals who engage in illegal smuggling of cultural heritages will face six to 20 years jail sentence.
October 12, 2017 08:48 UTC
As the world celebrates the International Day of the Girl Child, organizations in over ten countries launch the 33 Days to Power Up Immunization Campaign. The campaign aims to hold governments accountable for the multiple promises they have made to support immunization, including this year’s Addis Declaration on Immunization. This means immunization is one of the best uses of limited public funds for health. In Africa, for every $1 spent on childhood immunizations, you get $41 in economic and social benefits. It is also an opportunity as from today to ensure that equity as much as coverage is crucial to achieving universal access to immunization.
October 12, 2017 08:37 UTC
The Government of Sweden provided $9.2 million to UNICEF Ethiopia in support of a national integrated safety net system for the most vulnerable women and children in both rural and urban parts of the country. It also aims to strengthen the Government’s capacity to develop, implement, coordinate and monitor a national, child-sensitive social protection system in the country. As a result, community care structures and social workers have since become crucial components of the national social protection system – a major milestone towards establishing a countrywide social welfare workforce. Building an integrated and child sensitive social protection system, which focuses on those left behind, is a critical element in ensuring more inclusive development to the benefit of all children. With the provision of access to an integrated social protection system in urban and rural areas, the programme aims to contribute to long-term poverty alleviation.
October 12, 2017 07:52 UTC
Priorities under the strategy include deepening access to trade information; Formalizing informal intra-African trade by supporting the emergence and growth of export trading companies to serve as institutional vehicles for intra-African trade. It also includes broadening intra-African trade to include the Diaspora; addressing the issue of fragmented financial markets and multiple currencies. Consequently, Afreximbank had committed to establishing a trade information platform in support of intra-African trade, said Dr. Oramah. The lecture was organised by NYU Africa House and the NYU Development Research Institute. NYU Africa House is an interdisciplinary institute devoted to the study of contemporary Africa, focusing on economic, political, and social issues.
October 12, 2017 07:41 UTC
Addis Ababa is referred to as “the political capital of Africa”, due to its historical, diplomatic and political significance for the continent. With the hotel being a new-build, it deems itself as the perfect opportunity to introduce the dynamic Park Inn by Radisson brand, as it will feature all the signature Park Inn by Radisson outlets,” added McLachlan. The 160-room Park Inn by Radisson Addis Ababa will offer a mixture of standard rooms and suites. “The Park Inn by Radisson Addis Ababa is our second Ethiopian deal announcement within the week. Developing a fourth Carlson Rezidor property in the country is in line with our strategy of going into the depth of the market.
October 12, 2017 07:18 UTC
(RNS) — Morgan Freeman wanted to understand how people who have lived through conflict can make peace. Offering forgiveness was no easy task, the woman told Freeman. “Seeing these conversations taught me the incredible power and resourcefulness of the human spirit.”The six-part docuseries “The Story of Us” explores big-picture questions about life and the human condition. “People do get something out of learning about other cultures,” Freeman told RNS in an interview. (The woman, who’d been driven out of her home and onto the streets because of threats, was made unidentifiable.)
October 12, 2017 01:18 UTC
Ethiopia has secured the release of 134 of its citizens from prisons in Oman and facilitated their return to Addis Ababa. The Foreign Affairs Ministry said three flights carried the released prisoners to Ethiopia between October 1 and 5, local media FBC reported. Details surrounding the release of the prisoners has not been disclosed. In July, Ethiopia released 114 Somali prisoners from detention facilities and handed them over to the Somali government. The release of the prisoners, who were returned to Mogadishu, followed talks between Somali Prime Minister Hassan Ali Khayre and his Ethiopian counterpart, Hailemariam Desalegn.
October 11, 2017 23:03 UTC
Ethiopia Sesame Export Revenue Lowest in Five YearsOctober 11, 2017 - Ethiopia has earned about 307.5 million dollars from the export of sesame in the past fiscal year - the lowest in five years, reports Ethiopian English weekly Addis Fortune newspaper. As part of measures to augment revenue from the sector, Ethiopia’s Ministry of Agriculture & Natural Resources (MoANR) plans to uplift the revenue from the export of sesame by 16pc in the current fiscal year. Seasonal health problems such as malaria, which affect majority of the labour force during the harvesting season contribute significantly to the low productivity of sesame. At present, the Ministry is working to reform the sesame market as it did with coffee. The reform is expected to reduce the involvement of Ethiopia Commodity Exchange (ECX) in the market.
October 11, 2017 20:03 UTC
KUWAIT CITY, Oct 11: An Egyptian man and an Ethiopian woman who escaped from the Deportation Center at two different locations were apprehended by security operatives attached to the Criminal Security Sector, represented by General Department for Drug Control and General Department for Criminal Detectives, reports Al-Anba daily. A security source said the Egyptian escaped from the deportation bus on the way to the airport. The Egyptian cleverly mixed with passengers in the airport when the officer stopped the bus in front of the departure lounge and led the deportees to the hall. By chance, officers from the General Department of Drug Control arrested the suspect 21 days later. The same source added an Ethiopian also disappeared from the deportation camp few days ago.
October 11, 2017 20:03 UTC
Ethiopia Commends End of U.S. Sanctions on SudanOctober 11, 2017 - Ethiopia welcomed lifting of U.S. economic sanctions that were imposed on Sudan for the past 20 years. Ethiopian government praised the US government decision as the two countries are further strengthening their bilateral ties. “Sudan is more than a neighbor; we have a great deal in common with our strategic relationship built on close people-to-people relations”, stated Ethiopian Ministry of foreign affairs. The removal will be welcomed both in the Sudan and in the region as a step that will support and encourage further regional development, it added. The Ministry said “Ethiopia will continue to promote cooperation in the region to overcome any challenges facing Sudan, to support and build upon the results already achieved by all sides”.
October 11, 2017 19:52 UTC
Ethiopian government announced its national currency, the birr, by 15% effective Wednesday, October 11, 2017, the National Bank of Ethiopia (NBE) said. The devaluation increases value of one United States dollar to 26.91 Birr up from 23.40 Birr. He said it was to control inflationary pressure and to boost export earnings which had hitherto stagnated. “Since investment return is high in Ethiopia, the devaluation won’t cause an inflationary pressure and adversely affect import,” Yohannes was quoted to have said. “The rate was pushed to mitigate the inflationary pressure that could arise from the devaluation,” Yohannes said.
October 11, 2017 18:00 UTC
The ForwardKeys data reveal a 13.3% increase in arrivals in 2017, compared to the equivalent period last year. This was driven by a net increase of 82 routes and strong growth from the Americas, up 17.8%, Europe, up 12.7%, Africa, up 12.5% and Asia Pacific, up 16.4%. Jon Howell, managing director of AviaDev, Africa’s leading airline route development conference, said: “I am very pleased to see such strong growth in air travel to Africa. Intra-African international capacity is up 4% and domestic capacity up 5%. I am sure I’m not alone in that desire and I’m equally sure, if the strong growth continues, it will happen eventually.”
October 11, 2017 15:00 UTC
Ethiopian Aviation Academy has graduated 262 aviation professionals at a graduation ceremony held at the academy’s Commercial and Cabin Crew Training centre last week. In line with this belief, we have invested adequately in capacity building in the Ethiopian Aviation Academy, which is the largest and most modern in the continent of Africa. “The academy has been training and graduating the required aviation professionals both for Ethiopian Airlines Group and other partner airlines around the region. It has the capacity to support our vision 2025 growth plan with adequate aviation professionals and to contribute its share towards the development of Aviation in Africa. Philip Tozer-Pennington, Managing Director of Airline Economics and Aviation News Ltd, while presenting the awards to the airline said Ethiopian Airlines is a success story.
October 11, 2017 13:07 UTC