Hawassa Textile to Industrial VillageThe former Hawassa textile factory is set to become an industrial village with 2 billion birr additional investment.

The factory today launched an expansion project to facilitate its transition to Hawassa textile and industrial park. The project sees construction of 14 sheds.

State Minister of Trade and Industry, Ambassador Misganu Arega, Chief Administrator of Sidama regional state, Desta Ledamo, and other invited guests attended launching ceremony of the project slated for completion within 12 months.

Once the state-of-the-art technologies purchased with 500 million birr are installed, the Hawassa textile and industrial park will start production after 3 months.

The industrial park exports 90% of its product overseas and is expected to create jobs for 35,000 people when it fully goes operational.

The former state-owned Hawassa textile factory was privatized 3 years ago.

Read More at: https://www.fanabc.com/english/hawassa-textile-to-become-industrial-village-with-2bn-birr-investment/

Ethiopia Airline Bio SecurityEthiopian Airlines Group has completed the construction of the first new airport terminal opened after the Covid-19 pandemic hit.

The new terminal at Addis Ababa Bole International Airport features sixty check-in counters, thirty self-check-in kiosks, sixteen immigration counters and sixteen central security screening areas for departing passengers which “are the new faces of the airport”, according to Ethiopian.

Ethiopian Airlines CEO Tewolde GebreMatiam said: “I am very pleased to witness the realization of a brand-new terminal at our Hub.

“While Addis Ababa Bole International Airport has overtaken Dubai to become the largest gateway to Africa last year, the new terminal will play a key role in cementing that position.

“What makes the new terminal unique is that it’s the first terminal in the world to be completed after Covid-19. It was designed, not re-purposed, with Bio safety and Bio security in mind.

“I’m sure our esteemed customers will highly appreciate that.”

The new terminal features three contact gates for wide body aircraft, along with remote contact gates.

Source: https://africabusinessnetworking.com/ethiopian-airlines-unveils-new-bio-security-and-bio-safety-terminal/

UK investors urged to deepen economic ties with AfricaThe 2020 UK-Africa Investment Summit was attended by Mauritanian President Mohamed Ould Cheikh el Ghazouani and Egyptian President Abdel Fattah el-Sisi.

British companies must leap at the chance to deepen economic ties with Africa, a continent with unmatched investment opportunities, several African leaders said at a high-level panel.

An opening ceremony for the 2020 UK-Africa Investment Summit on Monday was attended by dignitaries and delegates from 16 African countries, including Mauritanian President Mohamed Ould Cheikh el Ghazouani and Egyptian President Abdel Fattah el-Sisi. 

Mauritania’s president highlighted the opportunities offered by the blue ocean economy and substantial reforms currently under way to attract foreign investors. “We have reinforced security along our coasts. Other measures include the establishment of a Council on Investment. These huge efforts are showing tremendous results and it is giving comfort to investors,” said Ghazouani.

British Prime Minister Boris Johnson made the case for bigger investments in Africa and called for increased and renewed partnership between the United Kingdom and Africa. 

See More at: fbclid=IwAR0oGMWFHZnq9XyAOA70SVaeufiYmPLLb3OQffDHTx0BIud6SGl6EFxefEo

 

 

Ethio Germany Energy CooperationAn Innovation Competition on “Decentralized Energy Solutions for Ethiopia,’’ was officially launched in a virtual ceremony held on Tuesday. 

Ministry of Water, Irrigation and Energy organized the competition in partnership with the German Federal Ministry for Economic Affairs and Energy, dubbed Ethio-German Energy Cooperation.

According to the Ministry, the launching ceremony was held in the presence of over 90 participants including government officials of Ethiopia and Germany as well as private sector representatives and innovators.

“Decentralized Energy Solutions for Ethiopia’’ aims at supporting  national efforts being carried out in Ethiopia to enhance rural community’s access to electricity through decentralized energy solutions.

The innovations to be presented for the competition should be environmental friendly, reliable, sustainable and available with affordable price, the ministry indicated.

They are also expected to be more beneficial to the development of key social sectors including water, health and the prevention of COVID-19 pandemic.

https://www.ena.et/en/?p=16681

Ethiopia Resumes Talks to Join WTOAfter eight years, Ethiopia has resumed discussion to join the World Trade Organization (WTO).

Mamo Mihretu, Senior Advisor and Chief Trade Negotiator at the PM office, met with WTO Director General Roberto Azevedo in Geneva, Switzerland.

The two discussed ways to expedite the process in Ethiopia’s longstanding efforts to be part of the multilateral trading system.

Last June, Prime Minister Dr Abiy Ahmed established a 10-member national committee to resume the negotiation.

Chaired by Mamo, members of the committee were drawn from PM office, Foreign Affairs, Revenues, Finance as well as Trade and Industry ministries.

Moreover, representatives from the National Bank of Ethiopia (NBE) and the National Planning and Development Commission were included in the committee assigned to resume the talks.

See More at: https://www.fanabc.com/english/ethiopia-resumes-negotiation-to-join-wto/