Headline News

Ethiopia keen to attract Indian investment in textiles

2012-05-19T06:18:58Z

India is considered a major power in textiles sector, and hence, Ethiopia eyes benefiting from the country’s knowledge and capital.
Ethiopia is keen to attract more investments from India in several sectors including textiles, said Dr. Gennet Zewdie, Ethiopian Ambassador to India, while speaking at an event organized by the Confederation of Indian Industry (CII).

Obama Urged to Reassess Ethiopian Relations Over Land Evictions

2012-05-18T14:24:48Z

The U.S. should reassess its support for the government of Ethiopia, amid concern that more than half a million people are being evicted to make land available for foreign investment in agriculture, advocacy groups including the Oakland Institute said.
A meeting tomorrow between President Barack Obama and Ethiopian Prime Minister Meles Zenawi, among other African leaders, presents an opportunity for the U.S. to address the issue, the California-based group said in a joint statement with the Solidarity Movement for a New Ethiopia, or SMNE. The U.S. has provided aid worth more than $1 billion a year since 2007 to Ethiopia, according to the statement.

The indefatigable Ethiopian: Introducing the Czech Republic's Gebre Selassie - a possible star of Euro 2012

2012-05-18T14:08:02Z

Gebre Selassie is of Ethiopian descent but was born and raised in the Czech Republic. In June last year he became the first black player to represent the Czech national team and sees it as an honour and privilege to play for his country.

“It was great to be called up. I was surprised, but I enjoyed the game as I had nothing to lose,” said Theo on his international debut against Peru last year, which ended in a goalless draw.

Eleven People to Face Terror Charges in Ethiopia

2012-05-18T13:50:59Z

Ethiopia’s federal court ruled Thursday that 11 people should face terror charges after prosecutors said they formed a cell with an al-Qaida-linked group from neighboring Somalia, according to AP report.
The charges come amid signs of increasing militancy in the East African nation. Ethiopian troops moved into Somalia at the beginning of the year to fight the Somali militant group al-Shabab.

Konso-Yabele road projects EIA, RAP completed : ERA

2012-05-18T12:45:25Z

The Ethiopian Roads Authority announced the completion of Environmental Impact Assessment (EIA) and Resettlement Action Plan (RAP) for the 105-kms Konso-Yabelo Proposed Road Project.
The civil work of the project will be financed by the government and the World Bank.

Diageo Furthers Commitment to Sustainable Agriculture in Africa Through Investment in Ethiopia and Tanzania

2012-05-18T11:07:19Z

Diageo, the world's leading premium drinks company, announced today that it has signed letters of intent to foster partnerships and projects that will aid in the agricultural development of Ethiopia and Tanzania. Diageo will work to develop and implement a scalable barley farming project in Sebeta, Ethiopia and a scalable sorghum value chain project in Mogoro, Tanzania. The projects when fully realized will represent an overall investment of $1.5M in Ethiopia and $2M in Tanzania and will begin to be implemented in 2012. They build on Diageo's commitment to support the development of agricultural economies in Africa, a business imperative in line with the Company's growth ambitions across the continent.

Ethiopia and Sudan on Wednesday signed a judicial agreement on the extradition of criminals.

2012-05-18T09:43:26Z

The agreement which was signed in the Ethiopian capital, Addis Ababa, between Ethiopia’s Minister of Justice, Birhan Hailu and his Sudanese counterpart, Mohamed Bushara aims to jointly tackle crime, criminality, enhance regional peace and promote justice in general.
Signing the pact, Hailu said the new judicial accord will boost their existing multi-lateral cooperation and further enhance diplomatic relations between the countries.

Ecotourism dev’t key for economic growth: Ethiopian scholar

2012-05-18T07:01:37Z

An Ethiopian scholar and researcher at the Addis Ababa University (AAU) underscored the need to give due attention for ecotourism development in Ethiopia.
In an exclusive interview with WIC today, Dr Mulugeta Fisseha, Associate Professor in the Department of Earth Science at AAU, said Ethiopia needs to focus on ecotourism to benefit more from the sector.

Ethiopia Welcomes Investment from the Emirates

2012-05-17T11:09:43Z

Ethiopia calls on investors from the United Arab Emirates to take advantage of the investment enabling climate said, Taddesse Haile, State Ministry Industry speaking at forum organized by the Dubai Chamber of Commerce and Industry and the Ethiopian Chamber of Commerce and Sectoral Association.
Investors can expect high return from investment opportunities in Ethiopia because of the low price of land, cheap labor and conducive investment environment according to Tadesse. Ethiopia also has a range of incentives in place to encourage investment he noted.

Ethiopia, Sudan sign agreement on extradition of criminals

2012-05-17T08:22:53Z

Ethiopia and Sudan signed an agreement on Wednesday to work in cooperation on extradition of criminals and issues of controlling crime.
Ethiopia’s Minister of Justice, Berhan Hailu and his Sudanese counterpart Mohamed Bushara signed the agreement in Addis Ababa.
Speaking on the occasion, Berhan said the agreement would boost the existing political and economic cooperation between the two countries.
The agreement would also help to prevent individuals attempting to hide in both countries after committing crime. He said Ethiopia is willing to share its experience in law and justice system to Sudan.
Bushara for his part said Sudan is ready to work cooperatively with Ethiopia in other issues also.
source:http://www.waltainfo.com