Oromia Committed to Support Domestic Investors

Addis Ababa April 20, 2017 A consultative workshop with the view to boosting investment in Oromia Regional State, identifying problems and seeking solutions was held with domestic investors engaged in the region today.

During the discussion, Chief Administrator of Oromia, Lemma Megersa said his government is committed to take strong measures to tackle the challenges domestic investors encounter at various levels.

He said the government will strive to ensure that clean and lean bureaucracy prevails in the state to encourage domestic investors.

The regional government would gradually fulfill infrastructural requests of investors, he added.

Chief Administrator Lemma revealed that some investors who took lands for investment and enclosed them for as long as 10 years will be confiscated and the lands given to investors that can develop them.

He further disclosed that only 46 percent of the over 10,000 big investors licensed in the region have become operational. As a result, the government has started taking measures against them.

Read more at http://www.ena.gov.et/en/index.php/economy/item/3082-oromia-committed-to-support-domestic-investors-chief-administrator-lemma-megersa

 

Habesha Cement Factory Inaugurated

Addis Ababa April 20/2017 The Habesha Cement Factory, with a capacity to produce 1.4 million tons of cement per annum, was inaugurated on Wednesday.

 The cement factory, built around Holeta area with an outlay of 3.2 billion Birr, is owned by Ethiopian shareholders and two South African companies.

 During the inauguration, Prime Minister Hailemariam Desalegn said cement production has increased by tenfold over the past decade due to the attention given to sector.

 Cement production which was only 1.6 million tons per year at the beginning of the first Growth and Transformation Plan, has grown to 15 million tons at the end of plan period, he noted.

Because of this improvement, the country is exporting cement, apart from meeting local demands, Hailemariam added.

The East African nation is working to raise the annual production to 27 million tons at the end of second Growth and Transformation Plan period, the Premier said.

 The factory, owned by 16,500 Ethiopians and two South African companies with fifty shares, can be exemplary for Ethiopians who wish to invest in the industry sector, said Ahmed Abitow, Minister of Industry.

 It displays the fact that Ethiopians can take the leading role in the industrialization process, he added.

Read more at http://allafrica.com/stories/201704200500.html

 

The Emir of the State of Qatar Sheikh Tamim bin Hamad Al Thani visits Ethiopia

The Emir of the State of Qatar, Sheikh Tamim bin Hamad Al-Thani, this week paid a two-day state visit to Ethiopia giving full expression to the need for expansion of in-depth and practical cooperation between Qatar and Ethiopia.

The two-day state visit (April 10-11) reviewed the status and growth of the bilateral relationship of the two countries, encompassing all fields of cooperation in the light of the new impetus and potential for the promotion of an agenda of sustainable development and maintenance of regional peace and stability. Both sides also underlined the importance of maintaining the momentum of frequent high-level visits to expand the substance of Ethio-Qatar ties, grounded on mutual trust and joint development.

The process, indeed, began last December when Qatar's Foreign Minister, Sheikh Mohamed bin Abdulrahman al-Thani, visited Ethiopia for talks with Prime Minister Hailemariam and Foreign Minister Dr. Workneh.

His visit concluded with the signing of 11 cooperation agreements in various economic, tourism, investment and infrastructure sectors. These aimed to support bilateral rapprochement between businessmen in the two countries and enhance cooperation in peace and security at both local international and regional levels. The visit also encouraged the revitalization of the Qatari-Ethiopian Joint Technical Committee.

The Emir's bilateral talks this week with Prime Minister Hailemariam Dessalegn and President Dr. Mulatu Teshome, and the roundtable talks with Ethiopian high-level officials, confirmed this.

The Talks were held in a friendly and cordial atmosphere during which both sides reiterated their strong commitment to enhance ties of cooperation and friendship. They also attested the urgency of propelling Ethio-Qatari ties into a new phase of strengthened and practical investment cooperation. The mutual interest in deepened cooperation is based on the spirit of the long-standing historic friendship between the two countries, which have had diplomatic relations since 1995.

Read more at http://www.mfa.gov.et/web/guest/-/emir-of-qatar-s-state-visit-provides-prospects-for-deeper-cooperation

 

 

The Emir of the State of Qatar, Sheikh Tamim bin Hamad Al-Thani, this week paid a two-day state visit to Ethiopia giving full expression to the need for expansion of in-depth and practical cooperation between Qatar and Ethiopia.

The two-day state visit (April 10-11) reviewed the status and growth of the bilateral relationship of the two countries, encompassing all fields of cooperation in the light of the new impetus and potential for the promotion of an agenda of sustainable development and maintenance of regional peace and stability. Both sides also underlined the importance of maintaining the momentum of frequent high-level visits to expand the substance of Ethio-Qatar ties, grounded on mutual trust and joint development.

The process, indeed, began last December when Qatar's Foreign Minister, Sheikh Mohamed bin Abdulrahman al-Thani, visited Ethiopia for talks with Prime Minister Hailemariam and Foreign Minister Dr. Workneh.

His visit concluded with the signing of 11 cooperation agreements in various economic, tourism, investment and infrastructure sectors. These aimed to support bilateral rapprochement between businessmen in the two countries and enhance cooperation in peace and security at both local international and regional levels. The visit also encouraged the revitalization of the Qatari-Ethiopian Joint Technical Committee.

The Emir's bilateral talks this week with Prime Minister Hailemariam Dessalegn and President Dr. Mulatu Teshome, and the roundtable talks with Ethiopian high-level officials, confirmed this.

The Talks were held in a friendly and cordial atmosphere during which both sides reiterated their strong commitment to enhance ties of cooperation and friendship. They also attested the urgency of propelling Ethio-Qatari ties into a new phase of strengthened and practical investment cooperation. The mutual interest in deepened cooperation is based on the spirit of the long-standing historic friendship between the two countries, which have had diplomatic relations since 1995.

Future-oriented development looks ahead to new achievements in all spheres, mainstreaming economic development for the benefit of both peoples, and on the new face of security in the 21stcentury. Ethio-Qatar ties will also give full play to the advancement of business links, committing both countries to cooperation and mutual support in the fields of infrastructure, health, energy, and education and other areas. Both sides agreed to make their previously signed agreements practical and provide fresh vitality to existing Ethio-Qatar relations. 

According to the joint communiqué issued at the end of the talks, Prime Minister Hailemariam and Sheikh Tamin bin Hamad Al-Thani reaffirmed their commitment to extend ties of cooperation to expand progress in the future in all areas, including enhancing international coordination and cooperation on issues of common concern.

They agreed fighting terrorism was one of the challenges requiring Ethio-Qatar cooperation and collaboration at regional and global levels to offset threats across the region. Cognizant of the threat posed to peace, stability and security in East and West Africa, the Middle East, the Gulf region and more widely, they also stressed the importance, the necessity, of coordinating efforts with the international community to fight terrorism. With regard to the political dialogue, both leaders agreed to strengthen joint high-level political consultations in addition to committing efforts to maintain peace and security in their respective regions and the world at large. 

Prime Minister Hailemariam commended the role played by the State of Qatar in resolving conflicts in the Horn of Africa. He noted Qatar's important efforts in achieving peace and stability on Darfur. Ethiopia's election as a non-permanent member of the UN Security Council enhances its role on security and peace issues at the global level. It will be able to strengthen its regional capacity to support and promote the Qatar role as an intermediary to reduce and resolve conflicts.

Ethiopia is a rapidly developing country that offers many investment opportunities particularly in developmental areas. It is also expanding cooperation with neighboring countries and making efforts to ensure that there is a multiple comprehensive development in the Horn of Africa for transport, energy and other areas.

The Prime Minister emphasized that Ethiopia was enthusiastic about the interest of Qatari enterprises to be part of Ethiopia's rapid growth.

The Emir, who was appreciative of Ethiopia's role in upholding peace and stability n the Horn of Africa within the IGAD platform, said the State of Qatar was ready to cooperate with Ethiopia in the fight against terrorist elements in the region. Sheikh Tamim bin Hamad Al-Thani also noted Qatar's support for Ethiopia's developmental activities including infrastructural development.

The Emir said his visit would help in their endeavors to continue exploring new avenues of cooperation and to create new mechanisms to deal with issues of common concern. He expressed the readiness of the State of Qatar to provide humanitarian assistance to drought victims in Ethiopia, and to support the efforts of the government of Ethiopia in education, health, infrastructure and energy.

He also expressed readiness to finance the establishment of a specialized hospital for kidney treatment. Both sides agreed to strengthen economic cooperation and committed themselves to make joint efforts to enhance business-to-business ties, engaging both the public and private sectors.

They encouraged the private sectors of both countries to increase cooperation; and the Emir gave instructions to establish a loan portfolio for small and medium projects with the aim of creating job opportunities for the youth.

Qatar's Ambassador to Ethiopia, Ambassador Abdulaziz bin Sultan al-Rumaihi, said the Emir's visit to Ethiopia, his first stop on his African tour, would contribute to further  promoting relations  between Doha and Addis Ababa, to achieve the common will of both leaderships to upgrade bilateral relations to wider levels.

He underlined the importance of Ethiopia as the headquarters of the African Union and one of Africa's most rapidly growing economies, in addition to its huge population (100 million) and its vast and fertile agricultural lands.

The Ethiopian Ambassador to Qatar, Ambassador Mesganu Arga Moach, said the visit would contribute to further strengthening bilateral relations in all political, economic, investment and cultural fields.

He also underlined that the Emir's African tour would effectively contribute to promote Arab-African relations, hailing Qatar's vital role in establishing peace and security in Africa. 

http://www.mfa.gov.et/web/guest/-/emir-of-qatar-s-state-visit-provides-prospects-for-deeper-cooperation

 

Ethiopia Canada Agree to Enhance Trade Relations

Addis Ababa April 18, 2017 Prime Minster Hailemariam Dessalegn has urged a Canadian delegation to strengthen engagements in trade and investment in Ethiopia, alongside other prioritized areas.

The premier held talks with a Canadian delegation led by Omar Alghabra, Parliamentary Secretary to Global Affairs of Canada, here today.

According to Canada’s Ambassador to Ethiopia, Philip Baker, who attended the discussion, Canada and Ethiopia have both expressed their desire to enhance their trade relation alongside strengthening the existing “broad and deep” relationship on development programs.

He noted that poverty reduction, women empowerment and the engagement of Ethiopian young people in their own businesses are areas of achievement that Canada’s development programs have been involved in.

Food security and agriculture are also among Canada’s large engagements in the Ethiopia, according to Baker.

“We have strong development programs but we really hope to grow our trade relationship between the two countries and the aviation sector”, the ambassador stated.

The ambassador also expressed his hope that the two countries will collaborate in Ethiopia’s mining sector, mainly to benefit the community.

Ethiopia is Canada’s largest global development program that on average allocates over 100 million US dollars annually.

Read more at http://www.ena.gov.et/en/index.php/economy/item/3069-ethiopia-canada-agree-to-enhance-trade-relations

Ethio China Investment Cooperation Forum opens in Addis Ababa

Addis Ababa, April 10, 2017 (FBC) - An Ethio-China Investment Cooperation Forum which commenced today (April 10, 2017) at Hinton Hotels in Addis Ababa brought together over 60 Ethiopian company representatives and over 30 companies and representatives of businesses from China’s Hunan Province.

The forum was also attended by Aisha Mohammed, Minister of Construction, Dr Arkebe Equbay, Special Adviser to the Prime Minister with a ministerial portfolio, Dr Fitsum Arega, Commissioner of the Ethiopian Investment Commission, and La Yifan, Chinese Ambassador to Ethiopia.

The event saw the signing of four economic cooperation agreements: MoU on the establishment of an Ethio-Hunan Bilateral Economic Steering Committee, Joint Declaration of Collaboration among the Commerce Department of Hunan Province and Ethiopia’s Ministries of Industry and Education, UNIDO, an agreement on Establishment of Ethiopia-Hunan Industrial Park and MoU on cooperation between Ethiopian Insurance Corporation (EIC) and Chinese enterprises.

Commissioner Dr. Fitsum Arega briefed the gathering on Ethiopia’s huge investment opportunities and incentives, which he said would offer companies and investors a very strong competitive advantage.

Series of other presentations were also made by representatives of Chinese investments which are already operational in Ethiopia, including the Ethio-Hunan (Adama) Industrial Park, Changsha Overseas Investment CO. and Homes Industrial International Construction Co. Ltd to mention some.

Hunan Province has in recent years grown to become an important center for steel, machinery and electronics production.

It has four economic and technological development zones: Changsha National Economic and Technology Development Zone; Changsha National New and Hi-Tech Industrial Development Zone; Chenzhou Export Processing Zone; Zhuzhou National New and Hi-Tech Industrial Development Zone, all home to giant global companies such as SANY Group, Foton and Zotye Vehicle Technologies.

Read more at http://www.fanabc.com/english/index.php/news/item/8630-ethio-china-investment-cooperation-forum-opens-in-addis-ababa