Hawassa Industrial Park to be Fully OperationalThe first phase of the Hawassa Industrial Park, eco-friendly and the first of its kind in the continent, will be fully operational next week.  

The construction of the park, Ethiopia’s flagship industrial park has been completed in a record time of nine months and was inaugurated on July 2016.

Consistent with the Ethiopian government’s commitment to build a green economy, it is designed, constructed and operated as eco-friendly, which uses the latest technology for treating and recycling about 90 percent of the water used in the park.

The park is the first Sustainable Textile and Apparel Industrial park in Africa with state-of-the-art infrastructure and facility.

Speaking at a press conference, Special Advisor to the Prime Minster Dr. Arkebe Oqubay said Ethiopia’s rapid economic growth can only be sustained through the realization of a structural transformation. This in turn requires creating a robust and competitive industrial base.

The government has an unwavering commitment to making the country the leading manufacturing hub in Africa by 2025.

Development of world-class specialized sustainable, vertically integrated, export-driven and competitive industrial parks, is the central driver and catalyst of this vision, Dr. Arkebe said. By developing industrial parks, the country is working to ensuring agricultural transformation; enhancing export capacity and building the capacity of the manufacturing sector.

The Hawassa industrial park will be used as a model for other industrial parks whose construction is underway in the country and efforts will be exerted to implement the Zero-Liquid Discharge (ZLD) technology to promote environmental protection. He indicated that park embodies the full execution of these principles, and hence represents a blueprint that guides the development of similar parks in similar parks of the country.

Industrial Parks Development Corporation CEO, Sisay Gemechu on his part said that the government has planned to construct ten industrial parks across the country aiming at enhancing job opportunities, earn revenue and promote technology transfer. Modeled after the Hawassa industrial park, the government has further embarked on the development of similar parks in Kombolcha, Mekele, Kilinto, Bole Lemmi II, Dire Dawa and Adama among others, of which Mekele and Kombolcha industrial parks will be inaugurated soon.

Some 18 global leading textile and apparel companies and eight domestic investors have occupied the park. The government attaches high importance to the inclusion of domestic industrialists in the Hawassa industrial park and all other parks that are in the pipeline.

Read more at http://www.ena.gov.et/en/index.php/economy/item/3345-hawassa-industrial-park-to-be-fully-operational

Ethiopia among Top Performing African Countries in FDI Flow

The World Investment Report has put Ethiopia as one of the top performing African countries in FDI flow, registering a 46% increase in 2016.

Although the author of the report, UNCTAD, said FDI flows to Africa continued to decline in 2016, some diversified producers of East Africa registered strong FDI in 2016, with Ethiopia attracting more inflows than ever before.

In doing so, Ethiopia stood out to become one of the largest recipients of FDI in the continent posting strong and record growth (up 46 per cent to 3 billion USD) and became the second largest LDC host economy, up from the fifth position in 2015.

According to the report, much of this achievement is derived from investments in infrastructure and manufacturing.The report also stated that the largest cross-border M&A sale of the year (510 million USD) was also recorded in Ethiopia, with Japan Tobacco acquiring a local cigarette manufacturing facility.

It further noted that “Ethiopia attracted new FDI in manufacturing, which could create opportunities for local SMEs to link to global supply chains.

The country is also cited by the report as one of the top performers in its efforts to diversify its economy and consequently its FDI pool against extractive investment that hitherto African and land locked economies are known for. Diversification of inflows is advancing, especially in economies that have recently attracted sizeable FDI such as Ethiopia, despite the persistent weight of natural resources in FDI to LLDCs, the report pointed out.

The report added that “although China was one of the major sources of FDI, foreign investors from other economies have started investing more in Ethiopia’s agro-processing, hotels and resorts, as well as in its manufacturing activities.”

Similarly, it outlined a slight decline in FDI inflows to landlocked developing countries (LLDCs) --- and these countries continue to play only a marginal role in the global FDI scene, Ethiopia stands out among these groups of countries by continuing in its positive trajectory for a fourth consecutive year.

Read more at http://www.ena.gov.et/en/index.php/economy/item/3324-ethiopia-among-top-performing-african-countries-in-fdi-flow-world-investment-report

 

Ethiopian Economy Will be Africas Most Expansive in 2017Ethiopia’s economy will be the most expansive on the continent for the year 2017, followed by Tanzania, Ivory Coast and Senegal, according to the World Bank.

The global finance outfit Global Economic Prospect report released this month has stated that ‘‘Ethiopia is forecast to expand by 8.3 percent in 2017, Tanzania by 7.2 percent, Ivory Coast by 6.8 percent, and Senegal by 6.7 percent, all helped by public investment. However, some countries need to contain debt accumulation and rebuild policy buffers”,  Africanews website said.

World Bank further noted that growth in non-resource intensive countries was anticipated to remain solid, supported by infrastructure investment, resilient services sectors, and the recovery of agricultural production.

While projecting a generally stable economic performance for most Sub-Saharan Africa economies, the report titled, “A Fragile Recovery,” forecasted that economies will averagely ‘‘pick up to 2.6 percent in 2017 and to 3.2 percent in 2018, predicated on moderately rising commodity prices and reforms to tackle macroeconomic imbalances.”

The bank said the challenges that the United States official development assistance slash will have impact on smaller economies and fragile states in the region as a major risk. The East Africa region was also susceptible to weather-related risks.

Africanews  website further quoted the sources as saying that ‘‘Worsening drought conditions will severely affect agricultural production, push food prices higher, and increase food insecurity in the sub-region.” 

This forecast becomes the second stamp of approval on the Ethiopia economy in as many months. International Monetary Fund (IMF) figures released in April this year crowned the country as the new economic giant of the East Africa region dethroning neighboring Kenya. Their annual economic output for 2017 was expected to hit 78 billion USD from 72 billion USD recorded last year. Ethiopia’s economic growth since 2015 has been pegged at 10.8 percent putting a significant gap between them and Kenya. In monetary terms, Ethiopia has opened a gap of over 29 million USD over Kenya, the website elaborated.

It added that Ethiopia’s economic growth is hinged on public-led spending on infrastructure and a strong demand by locals. It has also recently become an investor destination of choice for particularly Chinese investors.Another factor believed to be driving the economy is the country’s large population – which is almost double that of Kenya.

Read more at http://www.africanews.com/2017/06/06/ethiopian-economy-will-be-africa-s-most-expansive-in-2017-world-bank-forecast//

 

Japanese Businesspersons Exploring Investment in EthiopiaAddis Ababa June 14/2017 President Mulatu Teshome has advised Japanese businesspersons to particularly invest in high tech, agriculture, food and drinks, textile and garments as well as cosmetics.  

The President held a discussion today with a 32-person delegation led by Japan External Trade Organization (JETRO) Executive Vice President Katsumi Hirano.

In his meeting with the delegation, Mulatu briefed the delegation on the favorable investment atmosphere in the country and encouraged the investors to engage in diverse sectors.

Japan External Trade Organization (JETRO) Executive Vice President Katsumi Hirano said on his part the investors are determined to strengthen business relations between Ethiopia and Japan. 

“We are going to collect business information and have visited several places in industrial parks. It is a great step to strengthen Japanese businesspersons in Ethiopia,” he added.

The diplomatic relation between Ethiopia and Japan dates back to the 1930s.

Read more at http://www.ena.gov.et/en/index.php/economy/item/3338-japanese-businesspersons-exploring-investment-in-ethiopia

 

Microsoft launches AppFactory Academy in EthiopiaMicrosoft 4Afrika, Wollo University and Tulane University's Centre for Global Health Equity (CGHE) have joined forces to launch a new AppFactory Academy in Ethiopia, which will offer six-month internships in app development and business skills to graduates.

The initiative led by Microsoft 4Afrika will provide selected Wollo University IT0 and related computing discipline graduate with the opportunity to work on real-world software development projects with senior software engineers.

At the end of the internship, graduates will be able to design, implement and deploy cloud-enabled, mobile and IT solutions in various sectors, and will also be equipped with critical business skills that empower them to secure jobs or create their own startups.

This is the ninth Microsoft AppFactory to be launched in Africa, with eight others in South Africa, Egypt, Nigeria, Rwanda and Ghana. To date, over 300 software system developers have graduated from the AppFactories, with 90% of these graduates since placed in jobs.

“Across Africa, public and private sector organisations are finding it difficult to recruit capable software engineers. Many end up resorting to hiring expensive expatriates, or spending lots of money on in-house training,” said Lutz Ziob from Microsoft 4Afrika. “Yet there are hundreds of local IT graduates who are either unemployed or underemployed, because they are deemed unqualified for these high paying opportunities. The AppFactory is bridging the competency gap for these graduates so that they are able to take on these kinds of opportunities the day they leave the AppFactory Academy.”

Wollo University will host the new AppFactory at its institution of technology campus, the Kombolcha Institute of Technology (KIoT). Each year, it will set projects based on different sectors, from healthcare to education, agriculture, air transportation and others. “Wollo University KIoT is committed to helping the government of Ethiopia achieve its goal of developing to a middle-income country by increasing skilled professionals. The AppFactory Academy will focus on certain sectors each year, to ensure we have a large number of quality graduates in various disciplines, who can innovate and problem-solve for social good and improved livelihoods,” said Dr Ahmedin Mohammed, scientific director at the KIoT.

In its first year, the AppFactory will focus on healthcare, through the partnership with Tulane University. “Tulane and Lalibela Networks PLC offer extensive expertise to render proven IT solutions and services. Our healthcare ICT solutions have been deployed in hundreds of clinics and hospitals in Ethiopia,” said Dr Wuleta Lemma, director at Tulane University. “We want to ensure that our IT solutions are locally maintained and continue to evolve, however, it’s a challenge to find enough qualified information technologists as we expand and scale up in the market. The AppFactory Academy will play a significant role in enhancing local capacity for IT innovation that can transform Ethiopia and the continent.”

Read more at http://www.bizcommunity.com/Article/70/743/162577.html

 

Microsoft 4Afrika, Wollo University and Tulane University's Centre for Global Health Equity (CGHE) have joined forces to launch a new AppFactory Academy in Ethiopia, which will offer six-month internships in app development and business skills to graduates.

Image result for Microsoft logos

The initiative led by Microsoft 4Afrika will provide selected Wollo University IT0 and related computing discipline graduate with the opportunity to work on real-world software development projects with senior software engineers.

At the end of the internship, graduates will be able to design, implement and deploy cloud-enabled, mobile and IT solutions in various sectors, and will also be equipped with critical business skills that empower them to secure jobs or create their own startups.

This is the ninth Microsoft AppFactory to be launched in Africa, with eight others in South Africa, Egypt, Nigeria, Rwanda and Ghana. To date, over 300 software system developers have graduated from the AppFactories, with 90% of these graduates since placed in jobs.

“Across Africa, public and private sector organisations are finding it difficult to recruit capable software engineers. Many end up resorting to hiring expensive expatriates, or spending lots of money on in-house training,” said Lutz Ziob from Microsoft 4Afrika.

“Yet there are hundreds of local IT graduates who are either unemployed or underemployed, because they are deemed unqualified for these high paying opportunities. The AppFactory is bridging the competency gap for these graduates, so that they are able to take on these kinds of opportunities the day they leave the AppFactory Academy.”

Wollo University will host the new AppFactory at its institution of technology campus, the Kombolcha Institute of Technology (KIoT). Each year, it will set projects based on different sectors, from healthcare to education, agriculture, air transportation and others.

“Wollo University KIoT is committed to helping the government of Ethiopia achieve its goal of developing to a middle-income country by increasing skilled professionals. The AppFactory Academy will focus on certain sectors each year, to ensure we have a large number of quality graduates in various disciplines, who can innovate and problem-solve for social good and improved livelihoods,” said Dr Ahmedin Mohammed, scientific director at the KIoT.

In its first year, the AppFactory will focus on healthcare, through the partnership with Tulane University.

“Tulane and Lalibela Networks PLC offer extensive expertise to render proven IT solutions and services. Our healthcare ICT solutions have been deployed in hundreds of clinics and hospitals in Ethiopia,” said Dr Wuleta Lemma, director at Tulane University.

“We want to ensure that our IT solutions are locally maintained and continue to evolve, however it’s a challenge to find enough qualified information technologists as we expand and scale up in the market. The AppFactory Academy will play a significant role in enhancing local capacity for IT innovation that can transform Ethiopia and the continent.”

http://www.bizcommunity.com/Article/70/743/162577.html