AU Public SectorA public financial management forum aimed at strengthening public sector accounting in Africa is underway in Addis Ababa.

Opening the session, African Union Deputy Chairperson Kwesi Quartey said the forum enhances the pioneering role of the Union in the implementation of International Public Sector Accounting Standards (IPSAS) and public sector accounting for inclusive growth and sustainable development in the continent.

He stated that creating strong public financial management and public sector accounting through implementing IPSAS improve quality and comparability financial statements as well as promote transparency, accountability and good governance in the continent.

State Minister of Finance, Admasu Nebebe said the Government of Ethiopia has recognized that strengthening public sector financial management is pivotal to enhance public investment efficiency and increasing operational performance, transparency and good governance of state-owned enterprises.

Read More at: https://africabusinessnetworking.com/forum-on-strengthening-public-sector-in-africa-underway/

AirLine Brussels to AddisEthiopian Airlines will run a daily direct flight between Brussels and Addis Ababa from 28 October, the airline, which is a member of the Star Alliance, announced on Monday.

The seven-hour flight will also enable travellers to reach other African destinations.

It will leave Brussels Airport at 9.30 p.m. and arrive the next morning at 6.30 local time at Bole International Airport. The return flight from Addis Ababa will leave each day at 0.45 a.m. and arrive in Brussels at 6.15 a.m.

Thus far the plane made a stopover in Vienna on the way to Addis Ababa on three days, while the flight was a direct one on the four other days.

Ethiopian Airlines offers 125 international destinations on five continents, including Tanzania, Kenya, South Africa, Namibia and many others in Africa.

Source: https://africabusinessnetworking.com/ethiopian-to-begin-daily-direct-flights-from-brussels-to-addis-ababa/

PM Abiy Receives Tourism AwardPrime Minister Abiy Ahmed awarded the 2019 ‘Leader in Tourism’ honorary certificate from World Tourism Forum (WTF) for his commendable commitment to promote tourism.

President of WTF, Bulut Bagci, has presented the honorary certificate to Abiy on Monday at the Office of the Prime Minister in Addis Ababa.

The president also declared that Ethiopia was accordingly selected to host the upcoming World Tourism Forum.

Based on the milestones marked by Ethiopia in the tourism sector, the president declared that Ethiopia selected as host to the 2020 World Tourism Forum.

Speaking on the occasion, Bulut Bagci noted that Prime Minister Abiy was selected for the award pursuant to his contribution to the development of sustainable tourism in Ethiopia and for his vision in promoting tourism.

He recalled the efforts made by the Prime Minister in the rehabilitation and renovation of Menelik II palace and making it available for public recreation as well as the program for the beautification of Addis Ababa through riverbank forestation program.

Read More At :- https://www.ena.et/en/?p=9916

Bill Gates Mo Ibrahim Aliko DangotePhilanthropists Bill Gates, Mo Ibrahim and Aliko Dangote took to the stage at Africa Center to chat about the future of business on the continent. African heads of state, business leaders and celebrities, including supermodel Naomi Campbell, were in attendance.

Bill Gates brought up the challenge of climate change.  “Africa is where we are going to meet some of our toughest challenges. Sadly the impact climate change, although Africa had the least to do to cause climate change. The actual difficulties will first be felt by the farmers of Africa,” he said.

While Mo Ibrahim said the stereotype of African corruption is an issue. “Let’s be frank, there is a lot of minds in the West here – people think Africa is a very corrupt place. Corruption is a problem a global problem. I don’t think it is an African problem.”

Aliko Dangote spoke about Africa’s rising wealth.  “Today when you look at it you are thinking about the five fastest-growing economies in the world – four are in Sub Saharan Africa.”

The Center has received a financial boost of 25 million dollars in donations including 20 million from the Aliko Dangote Foundation to complete its next phase of construction, according to AllAfrica.com.

Source :- https://africabusinessnetworking.com/bill-gates-mo-ibrahim-and-aliko-dangote-discuss-africas-future/

IP Export RevenueEthiopia earned 140.6 million US dollars in export revenue from industrial parks in the concluded Ethiopian fiscal year which ended July 7, 2019, according to Ethiopian Investment Commission.

Ethiopian Investment Commission Public Relations Director, Mekonnen Hailu said that the performance of the export from the industrial parks exceeded that of same period last fiscal year by 57 percent.

Textiles and apparel, footwear and other leather products as well as copper electrical wires and ceramic products have been exported mainly to European countries, USA, Asia and other export destinations.

Majority of the products were exported from Hawassa, Bole Lemi, Eastern Industrial Parks, he said.     

So far, the industrial parks across the country have created employment opportunities for more than 71,000 compatriots, according to the Public Relations Director.

In recent years, Ethiopia has focused on building industrial parks as a strategy with a view to attracting more foreign direct investment (FDI) and upgrading industries, it was learned.

Source: https://africabusinessnetworking.com/ethiopia-secures-over-140-million-usd-export-revenue-from-industrial-parks/