MoTI makes first trade policy
The Ministry of Trade and Industry (MoTI), is responding to disappointing results in both local and international commerce by drafting its first trade policy.
Exports and local trade revenue have both declined according to Wondimu Filate, Public Relations Head at the Ministry and further said that they are working to improve trade.
Half of the draft document has been finished, according to Wondimu. He says lack of clear strategy and policy was one reason development of the commercial sector has lagged behind. https://www.capitalethiopia.com/featured/moti-makes-first-trade-policy/
The Ministry of Trade and Industry (MoTI), is responding to disappointing results in both local and international commerce by drafting its first trade policy.
Exports and local trade revenue have both declined according to Wondimu Filate, Public Relations Head at the Ministry and further said that they are working to improve trade.
Half of the draft document has been finished, according to Wondimu. He says lack of clear strategy and policy was one reason development of the commercial sector has lagged behind. https://www.capitalethiopia.com/featured/moti-makes-first-trade-policy/
Sugar, telecom close to privatization
The government has taken big steps in the pre-privatization process in order to make the grand privatization of major public enterprises become a reality. The process is taking into consideration the macroeconomic imbalance of the country.
The energy sector is the major debated public enterprise. It has been studied more than others under consideration. https://www.capitalethiopia.com/featured/sugar-telecom-close-to-privatization/
The government has taken big steps in the pre-privatization process in order to make the grand privatization of major public enterprises become a reality. The process is taking into consideration the macroeconomic imbalance of the country.
The energy sector is the major debated public enterprise. It has been studied more than others under consideration. https://www.capitalethiopia.com/featured/sugar-telecom-close-to-privatization/
Food for All
Rural people around the world continue to struggle with food security, persistent poverty and inequality and environmental degradation says the 2019, Global Food Policy Report put out by the International Food Policy Research Institute (IFPRI) and presented last Thursday at Hilton Hotel. It highlights the urgency of rural revitalization to address the crises in rural areas.
https://www.capitalethiopia.com/interview/food-for-all/
Rural people around the world continue to struggle with food security, persistent poverty and inequality and environmental degradation says the 2019, Global Food Policy Report put out by the International Food Policy Research Institute (IFPRI) and presented last Thursday at Hilton Hotel. It highlights the urgency of rural revitalization to address the crises in rural areas.
https://www.capitalethiopia.com/interview/food-for-all/
Medical waste disposal center still inactive
The absence of proclamation is delaying the disposal of medical waste even though one of the eight medical waste incineration centers in Adama inaugurated.
Ethiopia finished building the Adama medical waste disposal facility for medicine and clinical waste some months ago; however, it is unable to begin operating as the Federal Drug and Medicine Administration (FDMA) has not mandated the disposal of medicine and medical equipment by proclamation. https://www.capitalethiopia.com/capital/medical-waste-disposal-center-still-inactive/
The absence of proclamation is delaying the disposal of medical waste even though one of the eight medical waste incineration centers in Adama inaugurated.
Ethiopia finished building the Adama medical waste disposal facility for medicine and clinical waste some months ago; however, it is unable to begin operating as the Federal Drug and Medicine Administration (FDMA) has not mandated the disposal of medicine and medical equipment by proclamation. https://www.capitalethiopia.com/capital/medical-waste-disposal-center-still-inactive/
Turkish Cargo to start flying to Addis
Turkish Airlines, which recently moved its airport from Ataturk to Istanbul, will begin flying cargo planes to Addis Ababa.
Turkish flies to 56 African destinations which is the second highest next to Ethiopian and their desire to increase their market in Africa even further. Company officials who met with Ethiopian journalists at the Istanbul headquarters stated that Africa remains the priority for Turkish Airlines, as the air carrier expands to all four corners of the world. They said that aviation would continue growing in the future and Turkish would grow more than the global trend. https://www.capitalethiopia.com/capital/turkish-cargo-to-start-flying-to-addis/
Turkish Airlines, which recently moved its airport from Ataturk to Istanbul, will begin flying cargo planes to Addis Ababa.
Turkish flies to 56 African destinations which is the second highest next to Ethiopian and their desire to increase their market in Africa even further. Company officials who met with Ethiopian journalists at the Istanbul headquarters stated that Africa remains the priority for Turkish Airlines, as the air carrier expands to all four corners of the world. They said that aviation would continue growing in the future and Turkish would grow more than the global trend. https://www.capitalethiopia.com/capital/turkish-cargo-to-start-flying-to-addis/
‘Horo’ Doro could scramble Ethiopia’s egg market
The Ministry of Agriculture will lab test a new and improved local chicken breed called ‘Horo’ in the next few months. If they succeed it will mean a breakthrough in Ethiopian poultry production. ‘Horo’ is a potential disease-resistant breed of chicken that lays more eggs. Currently the pure, local Ethiopian chickens hatch a maximum of 60 eggs per year.
However, ‘Horo’, which is a hybrid of five local breeds like ‘Gebsema’ and ‘Melata’ is capable of hatching 180 eggs per year, over three times the local pure breed hen. https://www.capitalethiopia.com/capital/horo-doro-could-scramble-ethiopias-egg-market/
The Ministry of Agriculture will lab test a new and improved local chicken breed called ‘Horo’ in the next few months. If they succeed it will mean a breakthrough in Ethiopian poultry production. ‘Horo’ is a potential disease-resistant breed of chicken that lays more eggs. Currently the pure, local Ethiopian chickens hatch a maximum of 60 eggs per year.
However, ‘Horo’, which is a hybrid of five local breeds like ‘Gebsema’ and ‘Melata’ is capable of hatching 180 eggs per year, over three times the local pure breed hen. https://www.capitalethiopia.com/capital/horo-doro-could-scramble-ethiopias-egg-market/
UN warns of looming drought-related humanitarian crisis in Somalia
A senior United Nations official has cautioned that the harsh drought conditions currently afflicting much of Somalia are likely to trigger a major humanitarian crisis if urgent action is not taken to contain the situation. https://www.capitalethiopia.com/capital/un-warns-of-looming-drought-related-humanitarian-crisis-in-somalia/
A senior United Nations official has cautioned that the harsh drought conditions currently afflicting much of Somalia are likely to trigger a major humanitarian crisis if urgent action is not taken to contain the situation. https://www.capitalethiopia.com/capital/un-warns-of-looming-drought-related-humanitarian-crisis-in-somalia/
UK backs Ethiopia’s upcoming elections
The UK government has extended financial support worth over half a billion birr to help Ethiopia run free, fair and transparent elections next year.
“Ethiopia’s democratic reforms are inspiring people across the world that is why, we have agreed to provide 15.5 Euros for the upcoming Ethiopian national election as it further demonstrates the close working relationships that the UK has with Ethiopia, says Jermy Hunt, British Foreign Secretary. https://www.capitalethiopia.com/capital/uk-backs-ethiopias-upcoming-elections/
The UK government has extended financial support worth over half a billion birr to help Ethiopia run free, fair and transparent elections next year.
“Ethiopia’s democratic reforms are inspiring people across the world that is why, we have agreed to provide 15.5 Euros for the upcoming Ethiopian national election as it further demonstrates the close working relationships that the UK has with Ethiopia, says Jermy Hunt, British Foreign Secretary. https://www.capitalethiopia.com/capital/uk-backs-ethiopias-upcoming-elections/
Fake news killing turtles
For the last three months, Tortoises have been sold for 60,000 birr to 400,000 birr at local markets. Rumors have spread, falsely claiming that their shells consist of mercury and that this could block phone and Internet networks.
What are commonly named leopard tortoises are being sold in Debre Birhan, Gonder, Addis Ababa, Awash and along the borders of Djibouti. According to the Ethiopian Wildlife Conservation Authority (EWCA) there is no tangible evidence that these turtles have the uses they are being sold for. https://www.capitalethiopia.com/capital/fake-news-killing-turtles/
For the last three months, Tortoises have been sold for 60,000 birr to 400,000 birr at local markets. Rumors have spread, falsely claiming that their shells consist of mercury and that this could block phone and Internet networks.
What are commonly named leopard tortoises are being sold in Debre Birhan, Gonder, Addis Ababa, Awash and along the borders of Djibouti. According to the Ethiopian Wildlife Conservation Authority (EWCA) there is no tangible evidence that these turtles have the uses they are being sold for. https://www.capitalethiopia.com/capital/fake-news-killing-turtles/
JV cable company triples production
Euro Cable plc, a pioneer in wire manufacturing in Ethiopia, inaugurates a new expansion that will triple its production by introducing new product lines.
The new factory located in the southeast outskirts of Addis Ababa around Gelan Industrial Area was officially inaugurated in the presence of federal and regional government officials.
Simge Yuksel, Business Development Manager at Demes Cable, who is one of the two partners that formed Euro Cable and is based in Turkey, said that the facility has a covered area of 10,500 square meters in a compound of 20,000 square meters. https://www.capitalethiopia.com/capital/jv-cable-company-triples-production/
Euro Cable plc, a pioneer in wire manufacturing in Ethiopia, inaugurates a new expansion that will triple its production by introducing new product lines.
The new factory located in the southeast outskirts of Addis Ababa around Gelan Industrial Area was officially inaugurated in the presence of federal and regional government officials.
Simge Yuksel, Business Development Manager at Demes Cable, who is one of the two partners that formed Euro Cable and is based in Turkey, said that the facility has a covered area of 10,500 square meters in a compound of 20,000 square meters. https://www.capitalethiopia.com/capital/jv-cable-company-triples-production/
New Commission to improve government standards
Ethiopia’s Planning and Development Commission is preparing the nation’s first ever, ten-year, Perspective Development Plan to assess the country’s economic and social development in order to help medium level plans like the GTP to become successful.
The ten year plan will focus on eight pillars including: macro-economic, agriculture transformation, expansion of manufacturing, transport infrastructure, urban housing, hydro economics and human resource development. https://www.capitalethiopia.com/capital/new-commission-to-improve-government-standards/
Ethiopia’s Planning and Development Commission is preparing the nation’s first ever, ten-year, Perspective Development Plan to assess the country’s economic and social development in order to help medium level plans like the GTP to become successful.
The ten year plan will focus on eight pillars including: macro-economic, agriculture transformation, expansion of manufacturing, transport infrastructure, urban housing, hydro economics and human resource development. https://www.capitalethiopia.com/capital/new-commission-to-improve-government-standards/
Rural areas need help improving food security report says
The Global Food Policy Report 2019 has come out saying rural revitalization needs to take place to address persistent crises and improve food security.
According to the, rural people around the world continue to struggle with food-insecurity, poverty, inequality and environmental degradation. https://www.capitalethiopia.com/featured/rural-areas-need-help-improving-food-security-report-says/
The Global Food Policy Report 2019 has come out saying rural revitalization needs to take place to address persistent crises and improve food security.
According to the, rural people around the world continue to struggle with food-insecurity, poverty, inequality and environmental degradation. https://www.capitalethiopia.com/featured/rural-areas-need-help-improving-food-security-report-says/
Financial sector opens to Diaspora
The Council of Ministers during its extraordinary meeting approved the Draft Banking Business Proclamation, allowing Diaspora to establish banks in Ethiopia.
The top government cabinet rescheduled their regular meeting from this weekend to Thursday May 2, during a busy week full of activity at the PM’s office. Because it was World Press Freedom Day, many international figures and global government leaders held talks with the PM. So meeting and making a decision during this busy time indicates the government considers this issue a priority, according to some who closely follow the banking sector. https://www.capitalethiopia.com/featured/financial-sector-opens-to-diaspora/
The Council of Ministers during its extraordinary meeting approved the Draft Banking Business Proclamation, allowing Diaspora to establish banks in Ethiopia.
The top government cabinet rescheduled their regular meeting from this weekend to Thursday May 2, during a busy week full of activity at the PM’s office. Because it was World Press Freedom Day, many international figures and global government leaders held talks with the PM. So meeting and making a decision during this busy time indicates the government considers this issue a priority, according to some who closely follow the banking sector. https://www.capitalethiopia.com/featured/financial-sector-opens-to-diaspora/
Capitalethiopia
Financial sector opens to Diaspora | Capital Ethiopia Newspaper
Seed Greed
Invasive market practice sprouts price hikes
Speculation and conspiracy has escalated the price of sesame seeds at the Ethiopian Commodity Exchange (ECX) leading to record prices every day over the past couple of weeks. https://www.capitalethiopia.com/featured/seed-greed/
Invasive market practice sprouts price hikes
Speculation and conspiracy has escalated the price of sesame seeds at the Ethiopian Commodity Exchange (ECX) leading to record prices every day over the past couple of weeks. https://www.capitalethiopia.com/featured/seed-greed/
Capitalethiopia
Seed Greed | Capital Ethiopia Newspaper
A discussion was held on reforming
A discussion was held on reforming the regulation of legal practices in Ethiopia, on Wednesday May 1 at Intercontinental Hotel. The consultation aims to take opinions from practicing lawyers about the first draft of the regulation presented by the working group on the law governing legal practices.
https://www.capitalethiopia.com/featured/a-discussion-was-held-on-reforming-2/
A discussion was held on reforming the regulation of legal practices in Ethiopia, on Wednesday May 1 at Intercontinental Hotel. The consultation aims to take opinions from practicing lawyers about the first draft of the regulation presented by the working group on the law governing legal practices.
https://www.capitalethiopia.com/featured/a-discussion-was-held-on-reforming-2/
SCIENTISTS IN SOUND
“…what came first?” Dr. Mulatu Astatke
“Desiye, we have to do this…for Africa for the world to know of Ethiopia’s contributions to music…we must respect the Bush People…we are the Scientists in Sound…”. This sentence began a five-week uphill journey for the Father of Ethio-Jazz, Dr. Mulatu Astatke and I, though it felt more like a barefoot climb up a steep stony mountain for us both, but that’s another story, maybe even a book or movie LOL. The composer’s love of country and continent, expressed though his music, proved to be a powerful unstoppable force and I am honored he entrusted me to administer and curate his epic vision. https://www.capitalethiopia.com/discourse-with-dr-desta/scientists-in-sound/
“…what came first?” Dr. Mulatu Astatke
“Desiye, we have to do this…for Africa for the world to know of Ethiopia’s contributions to music…we must respect the Bush People…we are the Scientists in Sound…”. This sentence began a five-week uphill journey for the Father of Ethio-Jazz, Dr. Mulatu Astatke and I, though it felt more like a barefoot climb up a steep stony mountain for us both, but that’s another story, maybe even a book or movie LOL. The composer’s love of country and continent, expressed though his music, proved to be a powerful unstoppable force and I am honored he entrusted me to administer and curate his epic vision. https://www.capitalethiopia.com/discourse-with-dr-desta/scientists-in-sound/
Capitalethiopia
SCIENTISTS IN SOUND | Capital Ethiopia Newspaper
Commission to set national minimum wage
Although some public sector institutions and enterprises have set their own minimum wages, there is no consistent minimum wage in Ethiopia. In response to this situation, the Ethiopian Ministry of Labor and Social Affairs drafted a labor proclamation to establish a Commission to set a minimum wage.
https://www.capitalethiopia.com/capital/commission-to-set-national-minimum-wage/
Although some public sector institutions and enterprises have set their own minimum wages, there is no consistent minimum wage in Ethiopia. In response to this situation, the Ethiopian Ministry of Labor and Social Affairs drafted a labor proclamation to establish a Commission to set a minimum wage.
https://www.capitalethiopia.com/capital/commission-to-set-national-minimum-wage/
Condo lottery to be held for houses at beginning stage
A new committee is being formed from the management and staff of the housing agency in order to hold the lottery draw for houses in the footing stage.
The new rules which have been formulated by the Ababa Housing Development & Administration Agency will apply to the new condos which are expected to be constructed at the center and the outskirts of Addis Ababa.
https://www.capitalethiopia.com/capital/condo-lottery-to-be-held-for-houses-at-beginning-stage/
A new committee is being formed from the management and staff of the housing agency in order to hold the lottery draw for houses in the footing stage.
The new rules which have been formulated by the Ababa Housing Development & Administration Agency will apply to the new condos which are expected to be constructed at the center and the outskirts of Addis Ababa.
https://www.capitalethiopia.com/capital/condo-lottery-to-be-held-for-houses-at-beginning-stage/