Categories
Science & Technology

Human Resources, Skill Dev’t Reform Successful: Labor and Skills Minister

Effective work has been carried out in human resources and skills development reform based on the economic need of Ethiopia, Labor and Skills Minister Muferihat Kamil said.

Evaluation of the performance report of the third quarter of this Ethiopian Fiscal Year has been underway in the presence of Prime Minister Abiy Ahmed.

Labor and Skills Minister Muferihat Kamil told ENA on the side lines market led human resources and skill development reform was carried out in Ethiopia.

In the past nine months alone, more than 100 polytechnic colleges have been organized in a way that takes into account the objective conditions of the localities and realize the reform.

The minister, who pointed out that the skill training were based on the market and economic needs, added that 2.4 million jobs have been created as a result.

According to her, the ministry has also working in coordination with the pertinent stakeholders in order to solve financial supply as well as sales and production sites sustainably.

Innovation and Technology Minister, Belete Molla said on his part that the movement underway to create Digital Ethiopia by 2025 has brought about concrete change.

He also stated that the country has made a leap forward in innovation and research areas.

Noting that many services are becoming digital in Ethiopia, the minister added that both private and government institutions have been achieving results in this regard.

According to him, the ministry's nine-month performance has enabled it to conclude that the realization of Digital Ethiopia by 2025 is attainable.

Belete stated that support and monitoring has been carried out to enhance the capacity of entrepreneurs in the fields of innovation and research.

In addition, efforts are being exerted to develop the sector by preparing policy and legal frameworks.

Source: Ethiopian News Agency

Categories
Business Market

World Bank Affirms Continued Partnership with Ethiopia in Industrial Park Dev’t Activities

The World Bank (WB) will continue its partnership with Ethiopia and appreciates the effort to transform the country from agriculture to industrialization, Bank Financial Competitiveness and Innovation Global Practice Manager said.

In an exclusive interview with ENA, World Bank Practice Manager Alwaleed Fareed pointed out that WB has an active program in Ethiopia and will continue to partner with the country.

Speaking on the side lines of the official conclusion of Competitiveness and Job Creation Project ( CJC) program ceremony, he said that the CJC program was carried out by his team in partnership with the Industrial Park Development Corporation.

The CJC project implemented in the past eight years costed 425 million USD, it was learned.

According to him, with their current capacity and the availability of facilities industrial parks can attract more investors in which more job opportunities could be created.

In particular, the manager mentioned that industrial park at Bole Lemi with training facility which helps to develop skills for those moving from agriculture to manufacturing sectors.

For a country in development path it is very important to evolve from agriculture to industry and then grow at faster pace because the value addition in industries is much higher in many ways, he stressed.

Fareed further stated that the industrial parks established in Ethiopia will be able to attract FDI and create jobs, but more importantly can boost export which contributes to the whole economy; and Ethiopia could be integrated into the global economy as a major trading partner.

Therefore, the manager noted that the key in all of this was twofold. One is to create quality jobs for those moving from agriculture to industry; but more importantly it is really the growth agenda and see how and what Ethiopia has produced in the industrial parks for export, he elaborated.

The manager believes that all the activities and reforms carried out by the government would allow Ethiopia to be more competitive and this will help to attract be more foreign investors to come and invest in Ethiopia.

Fareed noted that WB has an active program in Ethiopia and carries out a lot in financial related aspects because we know that this is an area that we can do more in the case of Ethiopia to make it more competitive economy.

Source: Ethiopian News Agency

Categories
Market

Trade Fair Creates Some 30 Million USD Worth Market Linkage

The three-day Ethio-International Trade Fair held in Addis Ababa has created up to 30 million USD worth of market linkage, the coordinator said.

The Ethio-International 2023 Trade Fair aimed at creating market linkages for local producers took place from 17th May to 19th 2023.

In the trade fair conducted digitally and physically, local manufacturers engaged in agriculture, textile and clothing, renewable energy and electric vehicles as well as tourism sectors have introduced their products to foreign and domestic consumers.

Trade fair coordinator Semhar Tesfaye said that the main purpose of the trade show is to connect local producers with foreign consumers.

Among the market linkages created by the trade fair, linkages in the agricultural sector took the largest share, she added.

Local agricultural producers have created 20 to 30 million USD worth of business linkage with international consumers from Saudi Arabia, USA and other countries, the coordinator stated.

She further stressed the need for infrastructure and other supports to strengthen the market linkages between the producers and domestic as well as international consumers.

Mohammed Osman, a participant from Somaliland told ENA that he is working to make Ethiopian products accessible in Somaliland.

A trade fair like this will expand access to agricultural products and also promote relations between countries, he added.

The trade fair has “promoted Ethiopian agricultural products that are needed in different countries…..I (also) want to witness the local market here and promote Ethiopia’s product to the international market.”

Some 375 companies participated in the Ethio-International Trade Fair.

Source: Ethiopian News Agency

Categories
Market

Huajian Group Plans to Expand its Investment in Ethiopia

The Chinese footwear Huajian Group has planned to expand its investment in Ethiopia and envision to make the country a major manufacturing hub in the eastern Africa, Founder and Chairman of Huajian Group, HuaRong Zhang said.

In an exclusive interview with ENA, HuaRong Zhang said Ethiopia is a promising investment destination in the future as Prime Minister Abiy Ahmed has paid much attention to the industrial development.

He added that Huajian started its investment in Ethiopia in 2011 and created jobs for 12,000 persons, playing its role in introducing industrial civilization in the country.

“Ethiopia has very good human resources, I know that Ethiopia has about million young populations who are looking for jobs and Ethiopia will achieve very good development of manufacturing industry.”

“I hope that the government can be more open and more supportive of the investors. I also hope that Ethiopia can resume the AGOA so that we can start export to the US. This is important for Ethiopia and for our investors,” he said.

Huajian had made a total investment of 150 million US dollar in Ethiopia before the COVID-19 pandemic, generating revenues of 200 million US dollar, the chairman said.

The investment group is constructing Huajian International Light Industry City in the vicinity of Addis Ababa, he said, adding the project is expected to produce footwear and apparel in large volumes, in the coming five years, with job creation ranging from 30,000 to 50,000 and foreign exchange earnings of 1.5 billion USD.

HuaRong noted that after the pandemic, his company resumed operation in March 2023 with the support of the government and so far it is producing shoes, including sport shoes for local consumption.

Currently, we receive production order from military or federal police and we have 2000 employees working in the workshop, he said.

“To be honest, before the COVID and (termination of) AGOA, Huajian made hundred percent export sales, but now due to the cancellation of AGOA, we lose our orders, so we want to focus on the domestic market, provide jobs for our staff and training to the management of our staff and we will wait for AGOA to resume and then we restart our export sales,” he added.

Engaging in domestic sales is our choice for now; he said, adding that in the future; we would like to have local entrepreneurs and small businesses to do export sales gradually. And this can help us to export Ethiopian manufacturing products in the global market.

He expressed his hope that together with the government, we can attain major development achievement and make Ethiopia a major manufacturing destination in Africa.

“So far we produce our products for military. We used 100 percent Ethiopian leather. We hope that we can use the raw materials in Ethiopia because we know that in Ethiopia there are plenty of tanneries and leather factories, we want to have cooperation with them. In the future, we hope that we can do export to other African countries; we do have confidence in our military shoes production,”he said.

According to HuaRong, his company’s plan is to continue producing shoes in Ethiopia; however, the company also plans to focus on new investment areas, for example, in electric vehicle (EV) to make major investment in the sector.

We are planning to launch small and local firms with 100 entrepreneurs, he said, adding we will provide to them machines, with rent, provide management training to enable them learn domestic sales and we can help them grow with the help of government.

The second plan is another 100 local clothes factories; we will provide warehouses and machineries and rent to those entrepreneurs to create one of the biggest textile manufacturing company in Ethiopia, he pointed out.

We have confidence in the future that Ethiopia will grow to become a major manufacturing hub in the eastern Africa.

Source: Ethiopian News Agency

Categories
Market

Nation Registered 6.2 Percent Average Growth During Last Three Years: Planning and Dev’t Minister

Ethiopia has registered 6.2 percent average growth during the last three years, Planning and Development Minister Fitsum Assefa disclosed.

Evaluation of the government's nine months performance was conducted in the presence of Prime Minister Abiy Ahmed.

Speaking on the occasion, the minister presented the performance of the implementation of the first phase of the homegrown economic reform program, and the preparation of the second phase.

The second phase homegrown economic reform program from 2024 to 2026 is readied, she added.

According to the minster, Ethiopia is the third largest economy in sub-Saharan Africa and its population will create great potential for economic transformation.

She pointed out that the government has been successful in implementing the first phase of the 10-year perspective development plan during the past three years.

Despite natural and man-made challenges, Ethiopia's economy has doubled when compared to the average growth rate of 3.1 percent in sub-Saharan African countries, the minister said.

Fitsum noted that the homegrown economic reform program has been facing major challenges such as COVD-19, drought, Russia-Ukraine war and the withdrawal of support from development partners.

However, she pointed out that due to the measures taken by the government an average growth of 6.2 percent has been recorded in the last three years.

The minister explained that progress has been made in many areas, especially in agriculture, services and manufacturing.

In second phase of the homegrown economic reform program, four key pillars that focus on building a stable macro-economy, creating a favorable investment and business environment have been identified.

The homegrown economic reform program will also focus mainly on accelerating structural transformation of the economy, enhancing investment and savings, and stabilizing inflation and cost of living.

Source: Ethiopian News Agency

Categories
Market

New Mbengwi D.O seals business premises for respecting lockdown

The newly installed Divisional Officer of Mbengwi subdivision in Momo division, North West region has sealed business premises around the town for respecting separatist lockdown.

Installed just about a week ago, Ngidah Lawrence Che carried out the action on May 19, 2023 with the assistance of the Mbengwi council and security forces.

The shops and business premises sealed are located at the Mbon Park. Meanwhile the administrative authority warned that he will continue the process on other business premises.

Shop owners whose business premises have been sealed are told to report to the Mbengwi council.

This is coming at a time when the 2023 National Day is being celebrated in Cameroon. This period is always characterised with numerous lockdowns initiated by separatist fighters to frustrate the celebration in Anglophone regions since 2016.

Before the DO proceeded to seal the shops in Mbengwi, business premises even in the town of Bamenda were not opened and the situation was same in many towns across the North West region.

Report says DO Ngidah Lawrence first launched activities of the National Day, where he called on the population of Mbengwi to shun fear and come out in their numbers to celebrate this year’s 51st edition of the National Day.

Ngidah Laurence, former DO of Nkambe is noted for being hard on the population even during his old days in Nkambe subdivision, Donga-Mantung division.

Source: Cameroon News Agency

Categories
Government Politics

Ambassador Shiferaw Confers With CEO of LMRA

Consul General of Ethiopia in Bahrain, Ambassador Shiferaw Geneti met with the CEO of Labour Market Regulatory Authority (LMRA), Nouf Abdulrahman Jamsheer.

The two sides have exchanged views about protection of the rights of Ethiopians in Bahrain.

Ambassador expressed gratitude to LMRA for its services and support of Ethiopian citizens.

He stressed the importance of cooperating in the fight against illegal human trafficking and ensuring timely payment of wages to Ethiopian workers.

Moreover, he urged the authority to provide assistance to Ethiopian citizens who are victims of forced labour and human trafficking.

CEO of LMRA, Nouf Abdulrahman Jamsheer, on her part said workers who had been subjected to forced labour or illegal human trafficking would be allowed to stay in shelters and receive the necessary assistance.

Source: Ethiopian News Agency

Categories
Sports

Francis Ngannou and Tyson Fury express readiness to fight

A match between Francis Ngannou and British boxer Tyson Fury is likely to happen soon, following confirmation by both parties of their readiness to face each other.

It had been Ngannou’s wish to get into the boxing ring, right from the time he was still at the UFC.

An unsuccessful negotiation for a less restrictive deal with the company resulted in his departure. He recently signed a more flexible contract with the PFL, which allows him to box.

“Tyson Fury, since none of these boxers want to fight, let’s make it official” the mixed martial artist wrote on Twitter.

“Let’s go Francis, ready to rumble” Fury responded.

It is worth noting that Tyson Fury has been out of the ring since defeating fellow British boxer Derek Chisora, in a heavyweight title defense last December.

For months now, the boxer has been in talks with several other heavyweights, including Oleksandr Usyk, Anthony Joshua, and Andy Ruiz, but none of the multiple planned fights has happened.

Tyson Fury has not lost a fight in his professional boxing career so far.

Source: Cameroon News Agency