Ethiopia’s Growth Enabling to Implement Climate Resilient, Green Dev’t Strategy: Professor Sterner (April 25, 2017)

2-1024x576The rapid economic growth in Ethiopia can create good opportunity and enabling situation in implementing its climate resilient and green development strategy, according to Professor Thomas Sterner of University of Gothenburg and Former Chief Economist of Environment Defense Fund (EDF). Professor Thomas Sterner made the remark in his keynote address to the first Annual Conference on Ethiopia’s Green Development Path that opened today. The country’s trade and FDI dramatic growth is conducive for industrialization as well as the development of renewable energy potentials such as solar, hydro, and wind, the professor said. Ministry of Environment, Forest and Climate Change Minister, Dr. Gemedo Dale, told reporters that Ethiopia is on the right track since all sectors have been mainstreamed with the Climate Resilient Green Economy Strategy and structure for implementing have been put in place. more

Pizza Hut Enters Ethiopia in Latest Expansion Into Africa (April 25, 2017)

Pizza Hut is set to open three outlets in Ethiopia this year, becoming one of the first international restaurant chains to enter Africa’s second-most populous country. The restaurants are scheduled to begin serving in the capital, Addis Ababa, by November, franchisee Aschalew Belay said in an interview Monday. more

US companies keen to invest in Ethiopia (April 17, 2017)

A US business delegation meeting State Minister of Foreign Affairs, Dr. Aklilu Hailemichael on April 13, 2017 in Addis Ababa said they have visited different places in Ethiopia and want to involve in different infrastructural investment sectors in the country apart from their main Paramedical Project. The US business delegation which comprises Mr. Reddy N Apoori, President of Aerogenics Inc, and Dr. Gaddam Shachinder Reddy, Chairman of Pharma Project was accompanied by Berhane Kidanemariam, Consul-General at the consular office in Los Angeles and members of the Oakland-based Hidassie Ethiopian Disapora Committee. more

Addis Ababa to Host 2017 World Hydropower Congress (April 25, 2017)

Ethiopia will host the 2017 World Hydropower Congress on 9 – 11 May 2017, the International Hydropower Association announced. The 2017 World Hydropower Congress will bring together leaders and specialists to set the course for hydropower’s contribution to future energy and water systems. How to do ‘better hydro’ in a changing world will be a central theme. It will also explore a diversity of perspectives and will examine how initiatives of governments, businesses, finance, civil society and academia can advance sustainable development. more

Ethiopian Airlines to be official African Carrier for GOJ UNWTO Global Conference (April 26, 2017)

a0701be519b53b0401002e36d8008c24Africa’s Minister of Tourism Hon. Edmund Bartlett has announced that one of Africa’s largest airlines, Ethiopian Airlines, has been designated as the official carrier for African States attending the ‘UNWTO, Government of Jamaica and World Bank Group Conference on Jobs & Inclusive Growth: Partnerships for Sustainable Tourism’, scheduled for November 27–29, 2017, at the Montego Bay Convention Centre. The decision was made during Minister Bartlett’s just concluded trip to Ethiopia, following a meeting between Minister Bartlett and Ethiopian Airlines Group CEO Tewolde GebreMariam. more

Premier Emphasizes Need for Institutional Capacity Building, Dev’t of Tourism Destination

Addis Ababa March 22/2017 Institutional capacity building and development of tourist destinations should be given the necessary attention so that the country can benefit from tourism, Prime Minister Hailemariam Dessalegn said.

The Ethiopian Tourism Transformation Council held its fourth regular meeting here today.

Chairperson of the Council, Prime Minister Hailemariam Dessalegn said on the occasion Ethiopia has a huge potential in tourism but the country has not benefited much from the resource. To secure the desired benefits, attention should be given to institutional capacity building and development of tourism destination.

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Encouraging private businesspersons to engage in building hotels, lodges, recreational areas and other infrastructure for tourists is essential, he noted.

The premier criticized the Ethiopian Tourism Organization for not presenting the study it was assigned to motivate investors and instructed to meet the next deadline set.

He further noted that creating ownership mentality among farmers is crucial and efforts should be exerted towards that direction.

Culture and Tourism Minister Dr. Hirut Woldemariam said collaborative efforts will be made in the future as sectors needs the integrated cooperation of stakeholder.

She stated that people-to-people visit program organized in order to increase local tourism revenue.

During the forum it was indicated that due attention should be given to preserving heritages and tourist destinations by developing, protecting and introducing them.


H.E Ambassador Girma Birru’s Interview with EthioTube on Ethiopia’s Current Affairs


Premier Emphasizes Need for Institutional Capacity Building, Dev’t of Tourism Destination

Institutional capacity building and development of tourist destinations should be given the necessary attention so that the country can benefit from tourism, Prime Minister Hailemariam Dessalegn said. The Ethiopian Tourism Transformation Council held its fourth regular meeting here today. Chairperson of the Council, Prime Minister Hailemariam Dessalegn said on the occasion Ethiopia has a huge potential in tourism but the country has not benefited much from the resource. To secure the desired benefits, attention should be given to institutional capacity building and development of tourism destination. Encouraging private businesspersons to engage in building hotels, lodges, recreational areas and other infrastructure for tourists is essential, he noted.(more…)

 


Ethiopia Committed to Sustain Rapid Growth

Addis Ababa March 21,2017 Ethiopia`s rapid economic growth in the last 13 consecutive years was mainly due to the country’s commitment towards long-term development, said Dr. Abraham Tekeste Minister of Finance and Economic Cooperation.

While briefing a group of African journalists who visited Ethiopia for a week, the Minister said that priority is given to agricultural transformation, infrastructure development, building capacity of the private sector and investing in citizens to realize the growth in addition to the commitment.

Because of the commitment of the government and maximum efforts exerted so far, the size of the economy has more than doubled over the last six years by growing to 72 billion USD at present from 32 billion USD in 2011, he said.

The average per capital income has also reached close 800 USD; poverty has dropped by more than half from 50 to 23 percent while Gini coefficient remains 0.3, according to Dr. Abraham.

In connection to financing ongoing development endeavors, Dr. Abraham said the government has focused in mobilizing domestic resources.

“We focused on increasing our domestic resources to finance our development so we took tax reform; we strengthened our tax administration capacity and tax revenue as a result increased by over 30 percent over the last six years.” (more…)