World Export Development Forum Opens in EthiopiaThe World Export Development Forum (WEDF) was opened in Addis Ababa today under the theme “Trade and Invest in One Africa.”

Co-hosted by the International Trade Centre (ITC) and the Ethiopian Ministry of Trade and Industry, the forum was officially opened in the presence of high ranking government officials including President Sahle-Work Zewde.

The event attracted business leaders, policymakers, entrepreneurs, trade development officials, representatives of international organizations, trade and investment promotion agencies and business associations across the world.

The Forum is timed to contribute to Africa Industrialization Week, intended to help business make the most of the newly ratified African Continental Free Trade Area (AfCFTA) agreement with a special focus on the role of women and youth and to address international business competitiveness issues and profile international investment in Ethiopia and beyond.

During the event, a business-to-business matchmaking platform that aims to create new business deals in agribusiness was also organized in partnership with the Ethiopian Chamber of Commerce and Sectoral Associations, according to African Business Networking. 


Farm Africa launches project targeting 130000 forest coffee producers in Ethiopia

Farm Africa has launched a new project to help more than 130,000 forest coffee producers in Ethiopia’s Oromia regional state improve their livelihoods by increasing the sustainable production of high-quality coffee.

Funded by High Water Global, the Sustainable Forest Coffee Value Chain Development project will use the participatory forest management (PFM) approach, which Farm Africa has been developing for more than 20 years.

PFM brings together local communities and local government to share responsibility for developing sustainable plans for the forests. In return for protecting precious biodiversity, communities are allowed to harvest wild coffee from the forest in a sustainable way.

Project staff will work with seven existing participatory forest management cooperatives in the Chora woreda in Buno-Bedele zone, offering training in the production and handling of quality coffee and support to build links to national and international markets and increase their bargaining ability.

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Dr Abiy Wins NobelPrime Minister Dr Abiy Ahmed of Ethiopia has won this year’s Nobel Peace Prize.

The Prime Minister was awarded the prize for his efforts to “achieve peace and international cooperation, and in particular for his decisive initiative to resolve the border conflict with neighboring Eritrea,” said the Norwegian Nobel Committee in a statement.

The prize is also meant to recognize all the stakeholders working for peace and reconciliation in Ethiopia and in the East and Northeast African regions, it said.

When Dr Abiy Ahmed became Prime Minister in April 2018, he made it clear that he wished to resume peace talks with Eritrea.

In close cooperation with Isaias Afwerki, the President of Eritrea, Dr Abiy Ahmed quickly worked out the principles of a peace agreement to end the long “no peace, no war” stalemate between the two countries.

These principles are set out in the declarations that Prime Minister Dr Abiy and President Isaias signed in Asmara and Jeddah last July and September.

An important premise for the breakthrough was Dr Abiy Ahmed’s unconditional willingness to accept the arbitration ruling of an international boundary commission in 2002.

Peace does not arise from the actions of one party alone. When Prime Minister Dr Abiy reached out his hand, President Isaias grasped it, and helped to formalise the peace process between the two countries.

The Norwegian Nobel Committee hopes the peace agreement will help to bring about positive change for the entire populations of Ethiopia and Eritrea.

In Ethiopia, even if much work remains, Dr Abiy Ahmed has initiated important reforms that give many citizens hope for a better life and a brighter future.

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China Telecom deploys PoP at Africa Data Centres South Africa facilityAfrica Data Centres has announced it has extended its partnership with China Telecom Global through the deployment of a China Telecom POP at Africa Data Centres’ data centre in South Africa. 

The company says that China Telecom will offer Africa Data Centres’ customers extended global connectivity and internet services through the PoP.

The data centre facility is located near the centre of South Africa’s business district, and has a design capacity of 14 MW, according to the company.

This is not a first for China Telecom as last year saw the company deploy its network nodes in Teraco’s data centres in Cape Town.

“Africa Data Centres has facilities located at Africa’s major regional business and trade hubs, including Johannesburg, Cape Town, and Kenya, and will be expanding its footprint to West Africa and North Africa, as well as other areas we believe, are emerging as the epicentre for Africa’s digital economy,” said Stephane Duproz, CEO of Africa Data Centres.

“China Telecom’s investment in Africa Data Centres’ points of presence means our customers can look forward to reliable, low-latency, worldwide connectivity, which will enable them to deploy their applications and workloads quickly and efficiently.

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Mining Modern IndustryEthiopian Ministry of Mines and Petroleum disclosed that Ethiopia is working on expanding modern mining operations so as to save the mining resource from extravagance.

Ethiopian Mines and Petroleum Minister, Samuel Hurkato told ENA, a state news agency that the country has been expanding modern operations and new procedures to sensibly use the non-renewable mining resource by reducing its exposition to extravagancy and corruption.

The Minister further said Ethiopia has introduced cadastral-based modern mining licensing and database system to promote investments in the sector. 

The system enables investors to see different investment opportunities, to request for license from where they are living and to pay payments in simple and clear way, he stated.

The Cadastre System assures conducive environment for investment by building trust and creating closeness among the community, the companies and the government.

Moreover, Ethiopia is working on creating globally competitive mining investment framework and formalizing traditional mining system with reviewing mining operations, proclamations and regulations.

The newly operations enhances the sector to contribute its part in promoting foreign currency intake and in creating job opportunities, according to the minister. 

The amended Proclamation to Regulate Transaction of Minerals including different regulations has also been put in implementation.  

The Ministry pointed out that mining and petroleum policies will also come into effect within short period of time.