Kenya Ethiopia Relations Boosted as Abiy Hosts KenyattaLeaders of Kenya and Ethiopia met in Addis Ababa for talks aimed at deepening relations between the two East Africa giants. Kenyan president Uhuru Kenyatta and his delegation arrived in Addis Ababa on March 1, 2019 for the official visit. The Ethiopia Prime Minister Abiy Ahmed’s office said the Kenyan leader arrived with a delegation of businesses and investors to explore investment opportunities.

Both leaders were present at the two-day Kenya-Ethiopia High Level Trade and Investment Forum. In his remarks PM Abiy highlighted the opening up of the country & the economic reforms underway as a catalyst for strengthening Ethio-Kenya trade relations. After the summit the leaders flew to the city of Hawassa where they visited one of the country’s industrial parks in the company of Ethiopia’s Investment Commission chief.

The Hawassa Industry Park is a facility where 22 leading manufacturers in textile and apparel are currently operating employing 25,000 employees. General features of Ethiopia’s industrial parks include sector specialization, export orientation, vertical integration, sustainability and skills development.

See more: http://www.africanews.com/2019/03/01/kenya-ethiopia-relations-boosted-as-abiy-hosts-kenyatta/

 

Debre Birhan Industrial Park InauguratedPrime Minister Dr Abiy Ahmed and President Uhuru Kenyatta, together with Chief Administrator on Amhara regional state, Gedu Andargachew inaugurated the Debre Birhan Industrial Park today.

The Prime Minister in his opening remarks on the occasion of the Victory of Adwa and the inauguration of the Debre Birhan Industrial Park called upon all to shine the light of love, peace and unity.

He unveiled the 6 pillars of peace, democracy, prosperity, national unity, justice and national pride as the direction the Government will be working on for the next years, highlighting that this will require the tenacity and commitment of all.

President Kenyatta applauded Prime Minister Dr Abiy for his leadership in spearheading the changes and committed Kenya’s support to the vision of prosperity and unity in the region.

The Debre Birhan Industrial Park was built on a total of 1,100 hectares of land and has currently 8 production sheds completed, according to office of the Prime Minister.

This joint inauguration, which follows similar ones with the leaders of other East African countries, marks the continued strengthening of relations and regional integration, the office added.

The park, which was built at a cost of more than 75 million US dollars, will also create job opportunities for about 1,000 Ethiopians.

Ethiopia plans to increase the number of industrial parks to 30 so as to make the country a manufacturing hub and lower-middle-income economy by 2025.

See more:  https://fanabc.com/english/2019/03/debre-birhan-industrial-park-inaugurated/

 

Review of one month performance of Doing Business initiative underway at PM officeA review of the one-month performance of the Doing Business initiative is currently underway by the national steering committee, according to office of the Prime Minister. 

Prime Minister Dr Abiy Ahmed expressed the importance of creating a conducive environment for businesses to start up and access finance as a means of tackling the structural problem of unemployment. He further noted that in addressing access to finance problems faced by many startups, a revision of lending practices which allows putting up movable assets as collateral is being put in place.

The ten key indicators in improving Ethiopia’s ease of doing business rating are focused on starting a business, construction permits, registering property, getting electricity, getting credit, paying taxes, trading across borders, resolving insolvency, protecting minority rights, enforcing contracts.

The Prime Minister stressed that cutting bureaucratic bottlenecks in these processes will enable focus investment areas of electricity, mining, housing, manufacturing, and small and micro enterprises (SMEs) to be effective. 

See more: https://fanabc.com/english/2019/02/premier-expresses-importance-of-conducive-environment-for-businesses-to-startup-and-access-finance-to-tackle-structural-problem-of-unemployment/

 

Ethiopian Takes Delivery of Newest B737 800 FreighterEthiopian Airlines has taken delivery of its first B737-800 freighter, the first of its kind in the Ethiopian Cargo fleet mix, on March 01, 2019.

Group CEO of Ethiopian Airlines, Mr. Tewolde Gebremariam, remarked: “We are excited to have taken delivery of the newest freighter a few days after being crowned with ‘African Cargo Airline of the Year’ and ‘Air Cargo Brand of the Year in Africa’ Awards for the fourth year in a row.

“The arrival of this new freighter is a significant addition and propels both our capacity and frequency.

“The B-737-800 Freighter will give us a new capability to serve short haul destinations in African and the Middle East more economically which includes the export of Ethiopian meat, fruits and vegetables to the Gulf Region.

By 2025, Ethiopian Cargo and Logistics Services envisions to become a full-fledged profit center of Ethiopian Airlines Group with annual revenue of US$ 2bn, 19 dedicated aircraft, annual tonnage of 820,000, and 57 international destinations.

See more: https://fanabc.com/english/2019/03/ethiopian-takes-delivery-of-newest-b737-800-freighter/

 

Ethiopian Cargo and Logistics Services Wins AwardsAfrica’s largest cargo operator, Ethiopian Cargo and Logistics Services, has reportedly won the “African Cargo Airline of the Year” and “Air Cargo Brand of the Year in Africa” awards. According to Ethiopian Airlines, Ethiopian Cargo and Logistics Services received the two awards for the fourth year in a row at the STAT Times International Awards for Excellence in Air Cargo held from February 19 to 21 in Johannesburg, South Africa.

The STAT Trade Times is an integrated transport and tourism news source also catering to the needs of aviation and air cargo Industries worldwide. Regarding the awards, Ethiopian Airlines CEO Tewolde Gebremariam said the awards have demonstrated the leading role Ethiopian Airlines is playing in air cargo service in Africa.

“We are honored to have received the African Cargo Airline of the Year and ‘Air Cargo Brand of the Year in Africa awards which are testimony to the leading role Ethiopian is playing in air cargo service in Africa,” he added.

Ethiopian cargo services span across 44 international destinations in Africa, the Gulf, Middle East, Asia, the Americas, and Europe, augmenting the export of perishables from Africa and import of high value goods.

By 2025, Ethiopian Cargo and  Logistics Services envisions becoming a full-fledged profit center of Ethiopian Airlines Group with annual revenue of 2 billion USD, 19 dedicated aircraft, annual tonnage of 820,000, and 57 international destinations.

see more: https://www.ena.et/en/2019/02/25/ethiopian-cargo-and-logistics-services-wins-awards/