History
unearthed in Tigray Is legend to become fact?
By Tesfu Telahoun
A major archeological find has been unearthed at a location just
outside the small town of Wukro, located about 40 kms north of Mekelle,
capital of Tigray region. Sources exclusive to Capital disclosed
that following a tip off by an yet unidentified individual(s), the
Tigray Tourism Bureau dispatched an excavation team to the site
and about 20 days ago came upon an unspecified number of clay tablets
with inscriptions in Sabean- the semitic lingua franca of the Sabean
and later Aksumite empires and the tongue of the Queen of Sheba.
MORE
Sudanese, Kenyan and Ethiopian pastoralists
resolve recurring conflicts
By Addis Mulumgeta
Twenty one pastoralist tribes have come to a consensus for peace
and security, through a joint venture established between the Pastoralist
Communication Initiative (PCI) and the United Nations Office for
Coordination of Humanitarian Affairs (UNOCHA), in southern Omo at
Gnagatom village.
MORE
Maersk Line to enter Ethiopia Exports’
transport cost cut by 50%
By Andualem Sisay
Attracted by the growing horticulture sector in Ethiopia, Maersk,
one of the top shipping lines in the world with over 325 offices
in 125 countries, is to introduce horticulture sea freight to Ethiopia.
The company uses reefer container transport system to relieve the
export of Ethiopia’s horticulture and meat from using air
freight, which is costly. “This will enable the exporters
to reduce transportation cost by shortening the chain between the
producers and final destinations,” says Mr. Ian Fairlie, Area
Reefer Manager for Sub Saharan Africa.
MORE
Teddy visit Abebech Gobena
By Kirubel Tadesse
On Thursday 15, 2007, 48 hours before the much anticipated concert
of Ethiopian young music sensation, Tewodros Kassahun, aka, Teddy
Afro, professionals were busy preparing the stage for his ‘Abugida’
Band. Teddy Afro arrived at Ghion Hotel in the after noon to check
out.
MORE
Dashen Bank to launch MasterCard
By Muluken Yewondwossen
Dashen Bank has won a membership license from MasterCard, will
be distributing MasterCard and branded payment cards to its clients
shortly. It is to be recalled that Dashen bank had launched Visa
card service 18 months ago.
“We can not specify the exact day when this new service (MasterCard)
will start,” Ibrahim Dawd, Payment Card Manager at Dashen
Bank told Capital.
MORE
Ethiopian leases two B747-200 freighter
aircraft
By our staff reporter
Ethiopian Airline signed a wet lease agreement on October 12, 2007
at Ethiopian’s head quarter in Addis Ababa to lease two GE
powered Boeing 747-200 freighter aircraft from Southern Air inc.,
based in Kentucky, USA. The flag carrier disclosed that the newly
leased aircraft will serve the increasing demand of export, especially
of perishable flowers, from Ethiopia mainly to/from the European
Cargo hub, Brussels and to other destinations including Hong Kong.
MORE
United Bank profits 86.9 mln birr before
tax
By Muluken Yewondewosen
The United Bank in the last fiscal year has earned 86.9 mln ETB
in profits before tax. This is a 46 per cent increase from the gross
profit of the previous year’s same period. Expenses likewise,
increased from 66 mln ETB last year to 105 mln ETB up to 30 June
2007.
The outstanding loan balance of the bank stood at 1.4 billion and
showed an increase of 411mln or a 41 per cent growth over that of
the preceding year.
MORE
Organic liquid fertilizer to be produced locally
By Kirubel Tadesse
Organic Liquid fertilizer PLC has announced that it has finished
all the necessary preparations to produce the first Ethiopian made
liquid fertilizer which targets to satisfy national demand.
Kebede Lakew, General Manager of Organic Liquid Fertilizer PLC,
told Capital that his company has been conducting research for the
last six years and has finally come up with liquid fertilizer that
has a patent from the Ethiopian Intellectual Property.
MORE
Israeli-Palestinian joint venture launched
By Andualem Sisay
A joint venture between Palestinian and Israeli friends is embarking
on a vegetable and flower farm in Ethiopia, which will create 600
job opportunities when it begins production.
SMR Agriculture plc, which is jointly owned by Mr. Salah Abu-Musa
and Mr. Maxim Hyoin, is currently building green houses on two hectares
of land they have received in Debrezeit, Oromia Region.
MORE
U.K. Ambassador concludes tenure
By Tesfu Telahoun
Ambassador of the United Kingdom to Ethiopia, H.E. Mr. Bob Dewar,
has concluded his diplomatic tenure in Addis Ababa and is to depart
on November 28, 2007 for his next appointment as the British High
Commissioner to Nigeria.
Ambassador Dewar was appointed to Ethiopia in 2003 where during
his stay he oversaw the strengthening of Ethio-UK relations as well
as engaging in various developmental political and social activities.
Developmental Co-operation remained his focus as the Ambassador
oversaw a rise in UK development assistance over his time in office.
Ambassador Dewar is to be succeeded by Mr. Norman Ling, who is expected
to assume his post in late December.
MORE
Amhara region enjoys increased investment
By Andualem Sisay
The latest data obtained from the Trade and Industry Bureau of
Amhara Regional State reveals that the number of investors in the
region is increasing steadily.
The number of investment projects registered in three months: July,
August and September 2007, has shown an increment of 76 per cent
when compared with the same period of last year, reaching 282, with
two billion birr total capital registered under these projects.
MORE
238 Ethiopians benefit from Operation Smile
By Tewedage Sintayehu
The conclusion of Operation Smile, a worldwide children’s
medical charity, mission in Ethiopia on Friday, November 16, 2007
saw the treatment of 238 Ethiopians with cleft lips and cleft palates,
according to Samson Tesfaye, Ethiopia Country Manager. Out of the
total beneficiaries, 111 were treated at the Black Lion Hospital
in Addis while 127 underwent surgery at the Jimma University Specialized
Hospital in Jimma.
MORE
UNCTAD Ethiopia’s rank slips in global
trade
By Andualem Sisay
Trade and Development Index (TDI) of the United Nations Conference
on Trade and Development’s (UNCTAD) new study reveals that
Ethiopia’s rank in international trade in 2006 has declined
when compared to the previous year.
According to the study, Developing countries in international trade
2007, launched on Tuesday November 13, 2007, out of the 123 countries
included in the study Ethiopia ranked 114th slipping down 3 positions
from its 111th position of 2005. In the meantime, the TDI score
of the country increased from it 373 in 2005 to 379 in 2006.
MORE
Addis Ababa Water and Sewerage Authority
undertakes 454 mln ETB project
By Addis Mulugeta
The Addis Ababa Water and Sewerage Authority disclosed that it
is undertaking a 454 million birr project to increase the supply
of water in the city. It also has revealed that three different
projects have been commenced in pursuit of reliving dwellers from
severe water scarcity.
Angola Embassy donates school supplies
By Muluken Yewondwossen
The Angolan Ambassador to Ethiopia, H.E. Manuel Domingos Augusto,
has donated school furniture and one computer to a primary school
located on the street named after the country on November 12, 2007.
Located in the centre of Addis Abba, the school named “GANEI”
has four hundred children between three to eight years old.
Manuel Augusto said on the occasion: “The donation is a way
for Angola to show its love to the people of Ethiopia, in particular
to the children.” Manuel Augusto gave each child one bag,
exercise books, pencils, and advised the kids to take good care
of these gifts.
Non-immigrant US visa application goes online
By Kirubel Tadesse
The U.S Embassy has announced that all non- immigrant visa applications
for tourist, student and others can only be made through the internet
starting from Thursday November 15, 2007. At a press conference
on Tuesday, November 13, 2007 at the US Embassy, Heather Guimond,
Deputy Consular Chief, explained that the new procedures include
an internet based electronic visa application form (EVAF) and a
new internet based visa appointment system. Heather added that EVAF
will make the non-immigrant visa application process easier and
more efficient.
MORE
KK becomes exclusive dealer of Sany Heavy
Industry
By Kirubel Tadesse
KK Plc has signed a five year exclusive dealership agreement with
SANY Heavy Industry, a construction machinery manufacturer with
its headquarters in Sany, Changsha Economic and Technology Development
Zone in China. As per the contract SANY agrees to sell its products
and their spares to KK with suitable prices in the local market.
SANY also agrees not to grant any third party the right to represent
or sell its products in Ethiopia unless approved by KK. The Exclusive
Distributor agreement will enable KK to distribute SANY products
and provide after sales service in the territory of Ethiopia as
exclusive distributor. KK on its part has agreed not to represent
nor sell other products that are deemed to be competitive with the
manufacturer’s equipment.
bmi Takes Off from Addis Ababa
By our staff reporter
bmi, a British Airline, has started services to Addis Ababa. This
new service provides the traveler from Ethiopia with five flights
per week to London’s Heathrow Airport. Passengers on this
new service will land at London’s Heathrow Terminal 1 where
bmi has a network of onward destinations to USA, Europe and within
the UK.
US embassy to build computer lab for ENDF
By Muluken Yewondwossen
United States Ambassador to Ethiopia Donald Yamamoto and Commandant
Brigadier General Migbe Haile have inaugurated a new English language
computer lab at the Ethiopian Defense Command and Staff College,
on November 14, 2007.
A grant from the U.S. Department of Defense and U.S. Department
of State funded this computer lab and two related audio facilities
in Awash Arba.
GIS Day marked in Ethiopia
By Muluken Yewondwossen
The International Geographic Information System (GIS) Day was
marked at the Addis Ababa Science Faculty campus on November 14,
2007 where stakeholders, students GIS user's professionals attended.
Senait Dereje, Secretary of the General Assembly of the GIS Society
of Ethiopia (GISSE), welcomed the attendees and said that GIS Day
is special for Ethiopian GIS professionals as they have successfully
formed a professional society.
Three million out-of-school children to
be enrolled
By Addis Mulugeta
Save the Children Alliance has released plans for the coming three
years to enroll in school three million out-of-school children due
to conflicts in their countries. It also gave its conviction that
a total of 8 million children will get an education the quality
of which has been improved.
World Philosophy Day celebrated at Addis
Ababa University
By Addis Mulugeta
World Philosophy Day has been celebrated for the fourth time organized
by the AAU Cultural Center, the University Printing Press, and the
College of Social Sciences in Addis Ababa University, at the center
on November 15, 2007.
Dr. Bekele Gutema, head of the Philosophy Department says, “We
are marking this year’s World Philosophy Day after we have
just launched a new master’s degree program”. The M.A
program hopefully, could help exploit the potentials of philosophy
both in terms of research and teaching. He explained that philosophy
aims to satisfy the intellectual desire for comprehensive
Training for exhibitors at 12th ACITF
By Addis Mulugeta
The Addis Chamber International Trade Fair has given a half day
training session for clients on how they can best take advantage
of exhibitions to promote their companies for a second time on Thursday,
November 15, 2007 at the Addis Ababa Exhibition Center.
Foreign Minister lobbies against Boundary
Commission’s deadline
By Tewedage Sintayehu
The recent visits by the Ethiopian Foreign Minister Seyoum Mesfin
to Russia, France and the Uk, all UN Security Council member countries,
is intended to non-event the International Boundary Commission’s
warning to fix the Ethio-Eritrean border on maps unless the two
countries mark the border physically till the end of November, diplomatic
sources told Capital.
World Bank makes ACCA Approved Employer
Scheme
By our staff reporter
The World Bank, a global development organization headquartered
in Washington DC, United States, is the latest to qualify as an
Approved Employer with ACCA (the Association of Chartered Certified
Accountants).
This status acknowledges the high standards of training and development
which the World Bank provides for its employees, whether they are
qualified accountants, who are already ACCA members, or as students
or affiliates who are aiming to become qualified.
MORE
|
History
unearthed in Tigray Is legend to become fact?
By Tesfu Telahoun
A major archeological find has been unearthed at a location just
outside the small town of Wukro, located about 40 kms north of Mekelle,
capital of Tigray region. Sources exclusive to Capital disclosed
that following a tip off by an yet unidentified individual(s), the
Tigray Tourism Bureau dispatched an excavation team to the site
and about 20 days ago came upon an unspecified number of clay tablets
with inscriptions in Sabean- the semitic lingua franca of the Sabean
and later Aksumite empires and the tongue of the Queen of Sheba.
The find in due time is expected to add more corroboration of the
Ethiopic origins of Makeda – more famed as the Queen of Sheba
– a woman who remains a hotly contested item of possession
between Ethiopian and Yemenite peoples.
The specific location of where potentially vital pieces of the Queen
of Sheba jigsaw were found is reportedly quite close to Wukro Tannery.
The site is not without historical significance already as legend
has long maintained that it is also the exact place where the Jewish
warrior queen also called Makeda; was flung off her horse, dying
under a rock avalanche. The queen was marching South from Aksum
when she met her end near Wukro – closing 2000 years of Jewish
Kingdoms in Ethiopia.
The ancient town of Aksum is the repository of the spiritual heritage
of tens of millions of Ethiopians. However this status can hardly
be imagined when visitors arrive to Aksum as its current state of
development is a far cry from its reputation as home of Ethiopian
Orthodox’s holiest church, Saint Mary of Zion where it is
believed rests the Ark of the Covenant –Makeda’s target.
Aksum is also important in archeological terms for its unique stelea
which lie in enclosed sections such as the Gudit Stelea field –
found on the south side of Gundur palace of the Queen of Sheba (the
queens are namesakes).
The steles are named after the Jewish warrior queen Makeda, popularly
known as ‘Yodit Gudit’- Judith the Terrible. The fearsome
queen ransacked and burned Aksum, in a bid to retrieve the sacred
Tabot. As she marched south after the retreating Aksumite army,
Judith met an untimely death near the present town of Wukro, 95
kms north of Mekelle at the spot where the clay tables were discovered
– yet another finding that will allow the country to recount
its three thousand-year history.
.................................
Sudanese, Kenyan and Ethiopian
pastoralists resolve recurring conflicts
By Addis Mulumgeta
Twenty one pastoralist tribes have come to a consensus for peace
and security, through a joint venture established between the Pastoralist
Communication Initiative (PCI) and the United Nations Office for
Coordination of Humanitarian Affairs (UNOCHA), in southern Omo at
Gnagatom village.
Kenyan, Sudanese and Ethiopian pastoralists attended the conference
and each tribe presented the problems and causes of running into
conflict with one another.
According to the Sudanese and Kenyan Commissioner and governors
of bordering counties, including Mr. Mark Lokorai Dedemoi, the pastoralists’
conference has been held for five days between November 7-11, 2007
and was organized by the community who conceived the idea to dialog
security for the first time in the history of the pastoralist communities.
He explained that all pastoralists have a common problem and this
conference helped them understand the situations they faced. They
vowed to take this message to their people and develop their community.
Mr. Lokorai stated that the objective of this pastoralist conference
was not only conflict resolution but also a key way to develop and
benefit from tourism. He cited that the primary factors aggravating
pastoralist conflict are problems arising from all corners of the
pastoralist areas, the administrative corridor, and the issues of
land and water remaining as major flashpoints.
Mr. Lokorai said that the Topsa, Suri, Gnangatom, and Turkana had
been fighting each other for a long period and this conference had
been important to resolve their differences.
He said that at the end of the conference all the pastoralists had
reached a decision to resolve conflict and promote sustainable peace
and development and described that they have planned to expand infrastructure
to link the tribes through solving educational and health problems.
According to Abraham Bongouo, director of Apoweksi Eksil Pastoralist
Development Association (AEPDA), at the opening sessions, none of
the tribes understood each other but the next day they became one
and the same people. He explained that the arrival of the Kenyan
and Sudanese tribes for this pastoralist conference was very important
to change the views of pastoralists regarding peace and security.
The final decision that all tribes agreed on is in regard to murder,
stolen property, rape and sexual harassment, he said. One of the
decisions was that a killer would pay 30 cattle, if someone is guilty
of stealing a cow, he is to pay triple, and for the rape of a woman,
he will pay 20 cattle, he added. The conference was very successful
and a committee from each tribe was selected for further work and
development
According to Ato Shiferaw Shegute, the President of Southern Nations
Nationalities and Peoples, 50 million birr has been set aside for
about 12 woredas for health, infrastructure, education and of that
sum, 30 million birr has already been provided to five woredas -
Surma, Buna, Gngatom, Karo, and Dasenech.
...............................
Maersk Line to enter Ethiopia
Exports’ transport cost cut by 50%
By Andualem Sisay
Attracted by the growing horticulture sector in Ethiopia, Maersk,
one of the top shipping lines in the world with over 325 offices
in 125 countries, is to introduce horticulture sea freight to Ethiopia.
The company uses reefer container transport system to relieve the
export of Ethiopia’s horticulture and meat from using air
freight, which is costly. “This will enable the exporters
to reduce transportation cost by shortening the chain between the
producers and final destinations,” says Mr. Ian Fairlie, Area
Reefer Manager for Sub Saharan Africa.
“Maersk is currently engaged in discussions with some meat
and horticulture exporters on the possibilities of providing packing
from the farm level up to distributing the produce to its destination,”
he said to Capital, after briefing members of the Ethiopian Horticulture
Producers and Exporters Association (EHPEA), at the Sheraton Addis
on Tuesday, November 13, 2007.
According to presentations made at the reefer introductory business
forum, due to the expense of air freight and its high carbon emissions,
many countries are choosing refrigerated marine transport.
Currently, several Sub-Saharan countries are regularly sending containers
of flowers and foliage to the USA. South Africa and Israel export
these products to Europe using reefer ships with temperature controlled
facilities.
Abera Deressa, State Minister of Agriculture and Rural Development,
on the occasion said: “The freight cost of horticulture and
meat products is believed to be reduced by 50 per cent or more if
these products were transported by sea instead of air.”
“In addition to benefiting producers and exporters, better
temperature control during sea transport this could mean the products
arrive fresher than by air, even though the travel time is longer,”
he noted stressing the significance of transforming the export of
these products from air freight to sea freight.
Realizing Ethiopia’s potential of becoming competitive in
the global market in flowers and horticultures and being encouraged
by the success of the flower sector, it was a few weeks ago that
government announced providing 750 hectares of land for free to
investors who plan to invest on vegetable and fruits farms.
From the ever-growing flower export followed by fruits and vegetables,
EHPEA expects to earn 1.4 bln USD annually within five years by
creating jobs for one and half mln people and engaging some 500
small holding farmers that supply their produce to exporters.
It is believed that the arrival of large international transportation
companies with many decades of experience to Ethiopia, such as Maersk
Line, will boost the sector.
Maersk Line has a fleet numbering more than 500 container vessels
and more than 1,900,000 containers. With its feeder vessels, trucks
and trains the company offers door-to-door services.
It was last week that the company announced the implementation of
QUEST which will enable a significant reduction in the energy consumption
and CO2 emissions of its refrigerated containers (reefers). Maersk
Line estimates that QUEST will lead to CO2 emission reductions of
325,000 tons annually when fully implemented during 2008.
QUEST (Quality and Energy efficiency in Storage and Transport) is
a software solution, providing a new temperature control regime.
.........................................
Teddy visit Abebech Gobena
By Kirubel Tadesse
On Thursday 15, 2007, 48 hours before the much anticipated concert
of Ethiopian young music sensation, Tewodros Kassahun, aka, Teddy
Afro, professionals were busy preparing the stage for his ‘Abugida’
Band. Teddy Afro arrived at Ghion Hotel in the after noon to check
out. “I don’t want to see any banner, just as simple
as this one…please keep it as tasteful as possible,”
Teddy told organizers who were ready to put various banners of sponsors
at the top of the stage. After a few minutes at Ghion, Teddy had
to rush to visit Abebech Gobena Yehetsanat Enkebekabe Limat Dirijit
(AGOHEL) with his band. What surprised the crowd following Teddy
was that, this was not his first time. Although there was the expectation
that Teddy would announce a donation for the orphanage, the artist
did not disclose if he had made a contribution.
.....................................
Dashen Bank to launch MasterCard
By Muluken Yewondwossen
Dashen Bank has won a membership license from MasterCard, will
be distributing MasterCard and branded payment cards to its clients
shortly. It is to be recalled that Dashen bank had launched Visa
card service 18 months ago.
“We can not specify the exact day when this new service (MasterCard)
will start,” Ibrahim Dawd, Payment Card Manager at Dashen
Bank told Capital.
MasterCard is based in the USA and has more than one hundred million
clients world wide. It has forty years of experience in banking
and 30 per cent market share in the world.
MasterCard is one of the major credit cards used regularly by people
in the United States, second only in name recognition and worldwide
billings to Visa, according to information from MasterCard website.
By marketing itself to ordinary men and women, in contrast to Visa’s
efforts to capture an upper-income clientele, MasterCard is slowly
chipping away at Visa’s market share in both the United States
and other areas around the globe.
In related news, Dashen bank is to apply for a license from the
National Bank of Ethiopia to provide a debit card service for clients
who travel abroad. According to Ibrahim, the bank is completing
preparations to provide the service. “We are awaiting the
acceptance of our application from the National Bank to start this
service. At present we give Visa Card service only domestically.”
Ato Ibrahim said, “We will start a credit card service to
our customers that enables them to borrow money from their bank’s
deposit with financial and time limits.”
Currently Dashen bank gives debit service only on Visa card; on
this service clients can get up to 3,000 birr in cash and can buy
goods and services of up to 5,000 birr a day.
The bank has 13 thousand visa card users in the country. Dashen
bank gives ATM service only at 10 Addis Ababa branches and one in
Awassa. Currently the bank is making preparations to distribute
ten Automatic Teller Machines (ATM) to its branches and is in the
process of importing other 20 machines.
According to Dashen Bank’s annual report, in the last fiscal
year the bank earned 188 million birr (21 million USD) in net profits.
................................
Ethiopian leases two B747-200
freighter aircraft
By our staff reporter
Ethiopian Airline signed a wet lease agreement on October 12, 2007
at Ethiopian’s head quarter in Addis Ababa to lease two GE
powered Boeing 747-200 freighter aircraft from Southern Air inc.,
based in Kentucky, USA. The flag carrier disclosed that the newly
leased aircraft will serve the increasing demand of export, especially
of perishable flowers, from Ethiopia mainly to/from the European
Cargo hub, Brussels and to other destinations including Hong Kong.
Ethiopian disclosed that both aircraft were manufactured in 1981
and each has the capacity to carry 100 tons at one time. The lease
period for the first aircraft that has already arrived here yesterday
is 14 months while the second arriving on December 31, 2007 will
stay with Ethiopian for 19 months.
The wet lease of the two B747 freighters is to fill the gap until
Ethiopian receives the two ordered MD-11 freighter aircraft; one
of the MD-11 will arrive in December 2008 and the other freighter
aircraft in August 2009.
The airliner further disclosed that the first of the recently leased
two B747 aircraft will make the first flight of its daily services
to the airline’s European cargo hub, Brussels on November
18, 2007. The service to this route will then be twice daily when
the second B747 aircraft arrives.
In addition, Ethiopian announced on January 4, 2008 that it will
launch its once a week freighter services to Hong Kong making Ethiopian
cargo a pioneer African Airline linking Asia with Africa in this
sector.
The arrival of these two B747 freighter aircraft coupled with the
existing two B757 freighters is expected to satisfy Ethiopian’s
current cargo capacity requirement especially in view of Ethiopia’s
increasing volume of export.
...................................
United Bank profits 86.9
mln birr before tax
By Muluken Yewondewosen
The United Bank in the last fiscal year has earned 86.9 mln ETB
in profits before tax. This is a 46 per cent increase from the gross
profit of the previous year’s same period. Expenses likewise,
increased from 66 mln ETB last year to 105 mln ETB up to 30 June
2007.
The outstanding loan balance of the bank stood at 1.4 billion and
showed an increase of 411mln or a 41 per cent growth over that of
the preceding year.
The bank’s total deposits as of June 30, 2007 stood at 1.7
billion ETB to reveal a 30 percent increase from the period last
year.
With its vital contribution to the national economy, international
banking has kept on becoming the major source of income for the
bank. In the period under report, this section of the bank’s
operation brought in 37 per cent of its total income or 70.8 mln
ETB. The bank’s total asset increased by 37 per cent, it grew
from 1.6 billion to 2.2 billion ETB.
According to the annual report, the amount of deposits mobilized
during the year provided the bank with a stable liquidity base to
meet the loan demands of its customers. The bank’s total loans
on June 30, 2007 stood at 1.4 billion ETB, recording a 41 percent
growth over that of the preceding year.
Out of the total loan portfolio of the bank, imports accounted for
the largest share of 24.1 per cent followed by building and construction
with 19 per cent and domestic trade and services with 14 per cent.
Total customer deposits recorded stood at 1.7 billion ETB, showing
an increase of 388 million ETB or 30 percent when compared with
the preceding year.
The major share of total deposits came from savings, which amount
to 854.6 million ETB (50.8 per cent) while time and demand deposit
accounted for 430 million and 395.5 million ETB respectively.
70.8 million ETB of the bank’s total income was generated
from foreign banking operations and the total asset of the bank
increased by 583 million ETB.
Income also grew from 126 million ETB during the last financial
year to 192 million ETB.
The total capital of the bank, which comprises of paid up capital,
legal reserve, retained earning and premium on share capital, stood
at 359.7 million ETB, thus showing an increase of 168.4 million
over the balance recorded last year.
............................
Organic liquid fertilizer
to be produced locally
By Kirubel Tadesse
Organic Liquid fertilizer PLC has announced that it has finished
all the necessary preparations to produce the first Ethiopian made
liquid fertilizer which targets to satisfy national demand.
Kebede Lakew, General Manager of Organic Liquid Fertilizer PLC,
told Capital that his company has been conducting research for the
last six years and has finally come up with liquid fertilizer that
has a patent from the Ethiopian Intellectual Property.
Kebede explained, “Our liquid fertilizer has more than eleven
elements composed from residues, which is by far better suited for
Ethiopian farms when compared to other fertilizers that come from
foreign countries usually with three elements of content - NPK (
nitrogen, phosphors and potassium). Even those who come up with
all the necessary contents come in chemical form not organic. Since
ours is organic, as proven by the Pasteur Institute, it doesn’t
have any toxic character that forces farms to continuously use that
same type of fertilizer or drain out its resources.” He added
that the Ethiopian Geological Survey central laboratory tested the
fertilizer and proved that it incorporates all claimed contents.
In order to illustrate the different results from the foreign fertilizers
and organic liquid fertilizer, the company has invited representatives
from the Ministry of Agriculture, fertilizer importers, and research
centers to visit the production station in Woresebe Kebele, 12 kilometers
from Addis, on Saturday 17, 2007. Explaining the results seen on
crops before harvest, Kebede Lakew said, “Taking the pea for
example, the one grown with our fertilizer reached one meter and
80 cm, which hasn’t been seen before. As one can easily see,
all the crops show growth variations, the ones with our liquid fertilizer
are very green and taller, proving that the fertilizer is organic.
After harvesting the production a difference can be easily seen.”
Kebede also said that the organic liquid fertilizer has got positive
feed back from flower farms. “Considering time, clearly the
chemical fertilizers are best to get the flowers and vegetables
in a shorter period of time, but putting priority for the future
use of the soil and to nutrients vegetables should have, organic
fertilizer is a much better choice”, he explained.
Kebede Lakew added that the main idea behind his company is to be
able to support the efforts to assure food sustainability in Ethiopia
and to save millions of dollars yearly spent on foreign fertilizers.
“The project, after this, is too big to continue only under
our capacity and resource. Any researcher or interested institution
is welcome to taste and propose ways in which we can distribute
this organic fertilizer to Ethiopian farmers. What is left is to
produce it in large scale and distribute it, which is only possible
if all the stake holders, including our government, are willing
to support the research. Investors should also see the multiple
benefits it has, since it doesn’t only create jobs but also
guaranties unexploited profitable investment, “Kebede Lakew
concluded.
.......................................
Israeli-Palestinian joint
venture launched
By Andualem Sisay
A joint venture between Palestinian and Israeli friends is embarking
on a vegetable and flower farm in Ethiopia, which will create 600
job opportunities when it begins production.
SMR Agriculture plc, which is jointly owned by Mr. Salah Abu-Musa
and Mr. Maxim Hyoin, is currently building green houses on two hectares
of land they have received in Debrezeit, Oromia Region.
“While they are fighting there (in the middle east), my friend
and I are eating together here in Ethiopia,” said Salah Abu-Musa,
General Manager and Shareholder of the company, contrasting their
friendship with the long-time Israel and Palestine rivalry and indicating
the fact that the two friends were dining together when approached
by Capital.
“Insha Allah (with God’s will), we will start growing
and exporting flowers and vegetables from Ethiopia to Europe and
the Middle East next year in April,” said Mr. Abu-Musa, who
has been engaged in this sector for many years in various parts
of the world.
By then, the company also plans to expand the farm to eight hectares
and invest in other sectors in Ethiopia with Abu-Musa’s partners
in Dubai.
........................................
U.K. Ambassador concludes
tenure
By Tesfu Telahoun
Ambassador of the United Kingdom to Ethiopia, H.E. Mr. Bob Dewar,
has concluded his diplomatic tenure in Addis Ababa and is to depart
on November 28, 2007 for his next appointment as the British High
Commissioner to Nigeria.
Ambassador Dewar was appointed to Ethiopia in 2003 where during
his stay he oversaw the strengthening of Ethio-UK relations as well
as engaging in various developmental political and social activities.
Developmental Co-operation remained his focus as the Ambassador
oversaw a rise in UK development assistance over his time in office.
Ambassador Dewar is to be succeeded by Mr. Norman Ling, who is expected
to assume his post in late December.
In related news, British Minister for International Development
Shriti Vadera is expected to arrive in Addis over the weekend for
a visit to last till November 22, 2007. The Minister will visit
a number of Department for International Development (DFID) programs
and meet Prime Minister Meles Zenawi, Minister for Finance and Economic
Development Sufian Ahmed, Minister for Health Dr Tedros Adhanom
and other senior federal government officials.
She will also visit the Southern Nations, Nationalities and People's
Region (SNNPR), have discussions with representatives of aid donors
and civil society organizations based in Addis Ababa, and meet Professor
Alfa Omar Konare, Chair of the Commission of the African Union.
Amhara region enjoys increased
investment
By Andualem Sisay
The latest data obtained from the Trade and Industry Bureau of
Amhara Regional State reveals that the number of investors in the
region is increasing steadily.
The number of investment projects registered in three months: July,
August and September 2007, has shown an increment of 76 per cent
when compared with the same period of last year, reaching 282, with
two billion birr total capital registered under these projects.
“These projects are expected to create 32,111 jobs in the
region,” says Aynalem Belete, Trade and Industry Bureau Public
Relation Head of the Amhara Regional State. Industry and agriculture
take the major portion of the 282 projects registered during this
period. Accounting for 74 and 72 respectively both sectors take
50 per cent share of the total project.
Construction, hotel and tourism have also attracted more investors
to the region. Of the 48 projects registered in these sectors, in
the three months period indicated above, seventeen are joint ventures
investments between foreigners and Ethiopians.
In the past 15 years, a total of 2,124 investment projects were
registered in the region with the potential of employing 402,357
permanent and temporary employees.
According to Aynalem, out of these projects 634 have started implementation.
This figure also includes those who are underway building their
factories.
Sub-Regions Share of the total
Bahir Dar 49
North Gondar 87
South Gondar 11
West Gojam 41
East Gojam 19
Awee 27
North Wello 4
South Wello 18
North Shoa 11
Areas not yet decided by the investors 15
.................................
238 Ethiopians benefit
from Operation Smile
By Tewedage Sintayehu
The conclusion of Operation Smile, a worldwide children’s
medical charity, mission in Ethiopia on Friday, November 16, 2007
saw the treatment of 238 Ethiopians with cleft lips and cleft palates,
according to Samson Tesfaye, Ethiopia Country Manager. Out of the
total beneficiaries, 111 were treated at the Black Lion Hospital
in Addis while 127 underwent surgery at the Jimma University Specialized
Hospital in Jimma.
According to Samson, a total of 371 people were screened in both
Hospitals and those that made up this group and yet have not received
treatment for various reasons have been scheduled to have the surgery
next year.
The beneficiaries came from all parts of the country including remote
regions like Afar, Somali and Gambella. The mission started its
surgical activities on Monday, November 12, 2007 after the registration
and screening of potential candidates for treatment four days earlier.
The registered were checked up by the 100 volunteers for the mission
with medical professions who came from Australia, Canada, Ethiopia,
Ireland, Israel, Italy, Mexico, Spain, United Kingdom, United States
of America and Venezuela. Another 50 locals also volunteered for
the mission to undertake duties such as translation.
Samson Tesfaye told Capital that cleft lip surgeries take an average
of 45 minutes while the time lapse surges to an average of 2 hours
for palate surgeries.
Since the establishments of Operation Smile in Ethiopia in October
2005, over 920 patients have been screened by volunteer teams and
467 babies, children, and adults have received life-altering surgery.
The mission has been sponsored by Ethiopiaid, a London based NGO,
Operation Smile Inc. The Ethiopian Country Manager also stated that
the mission has been continuously supported by the Federal Ministry
of Health, Addis Ababa Health Bureau, all regional Health Bureaus,
Black Lion Hospital and Jimma University Specialized Hospital.
Headquartered in Norfolk, Virginia, U.S.-based Operation Smile was
launched 25 years ago to help children born with devastating facial
deformities by Dr. Bill Magee, a plastic surgeon and his wife Kathy
Magee, a former nurse and clinical social worker. To date, the organization
has provided free surgeries that have changed the lives of more
than 100,000 children around the globe. In addition to contributing
free medical treatment for children born with cleft lips, cleft
palates and other facial deformities, Operation Smile trains local
medical professionals in its 25 partner countries and leaves behind
crucial equipment to lay the groundwork for long-term self-sufficiency.
On November 7, 2007, Operation Smile’s Co-founders launched
World Journey of Smiles with the first surgeries in Naga City, Philippines,
where the Magees conducted their first mission 25 years ago. The
World Journey of Smiles featured more than 1,500 volunteers at 40
hospitals, care centers and clinics in 25 countries in Asia, Eastern
Europe, Africa, the Middle East and Latin America to treat an estimated
5,000 children. Ethiopia is one of those countries.
..............................
UNCTAD Ethiopia’s
rank slips in global trade
By Andualem Sisay
Trade and Development Index (TDI) of the United Nations Conference
on Trade and Development’s (UNCTAD) new study reveals that
Ethiopia’s rank in international trade in 2006 has declined
when compared to the previous year.
According to the study, Developing countries in international trade
2007, launched on Tuesday November 13, 2007, out of the 123 countries
included in the study Ethiopia ranked 114th slipping down 3 positions
from its 111th position of 2005. In the meantime, the TDI score
of the country increased from it 373 in 2005 to 379 in 2006.
Indicators in both studies are constructed on three-year averages
between 2000 and 2002 for TDI 2005 and between 2003 and 2005 for
TDI 2006.
Components of the structural and institutional context dimension
are one of the three major indicators that are taken into account
for TDI 2006 scores and global rankings. Human capital, physical
infrastructure, financial intermediation, domestic and international
financial resources, institutional quality, economic structure,
macroeconomic stability and environmental sustainability are the
areas included under this component.
Country’s openness to trade and access to foreign markets
are included under trade and processes dimension, which is considered
the second component for the ranking. Trade performance and economic
and social well-being make up the third component of the study area,
which is used to indicate trade and development performance of a
nation.
According to this study, Ethiopia’s merchandise and service
export share in indicators of the world takes 0.5 per cent.
Nine of the bottom ten countries are Sub-Saharan African countries:
From bottom to top Sudan ranks 123rd led by Guinea-Bissau at 122nd,
Nigeria, Niger, Congo Democratic Republic, Angola, Yemen, Guinea,
and Cameroon ranking 115th.
The two African countries with the top scores are South Africa,
47th and Mauritius, 50th. In this study the United States holds
the top position ranking 743 TDI, followed by Germany, Denmark and
the United Kingdom.
Addis Ababa Water and Sewerage
Authority undertakes 454 mln ETB project
By Addis Mulugeta
The Addis Ababa Water and Sewerage Authority disclosed that it
is undertaking a 454 million birr project to increase the supply
of water in the city. It also has revealed that three different
projects have been commenced in pursuit of reliving dwellers from
severe water scarcity.
The Gefersa project which includes upgrading the water filtration
capacity of Gefersa water filtering station by changing the water
sewage line is to increase the water supply from 22,000 to 30,000
cubic meters a day. The extra 8,000 cubic meter retained from the
project will be distributed to Kolfe, Keranio, Asko and adjacent
areas.
In line with the upgrading project the authority is digging 39 water
wells in various parts of the suburbs, 10 of which are assumed to
be on stream within the next few months.
According to the Authority, 30 per cent of the total amount of water
produced is found to have been wasted due to such reasons as line
breakage. The Authority, in collaboration with UN HABITAT, is educating
the society on how to use water efficiently. In order to decrease
the gap between water demand and supply, the Authority claims to
have capitalized on increasing the production capacity of existing
water filtering stations, and developing new water wells as well
as good water demand management.
Angola Embassy donates school
supplies
By Muluken Yewondwossen
The Angolan Ambassador to Ethiopia, H.E. Manuel Domingos Augusto,
has donated school furniture and one computer to a primary school
located on the street named after the country on November 12, 2007.
Located in the centre of Addis Abba, the school named “GANEI”
has four hundred children between three to eight years old.
Manuel Augusto said on the occasion: “The donation is a way
for Angola to show its love to the people of Ethiopia, in particular
to the children.” Manuel Augusto gave each child one bag,
exercise books, pencils, and advised the kids to take good care
of these gifts.
The donation by the Angolan ambassador drew praise from the authorities
of the Ministry of Education of Ethiopia present at the ceremony.
During the festivities of the thirtieth anniversary of the independence
of Angola, Ambassador Manuel Augusto has visited two journals, one
private and one state. Manuel Augusto visited Addis Admas, which
publishes in Amharic and the Ethiopian Herald which publishes in
English.
Non-immigrant US visa application
goes online
By Kirubel Tadesse
The U.S Embassy has announced that all non- immigrant visa applications
for tourist, student and others can only be made through the internet
starting from Thursday November 15, 2007. At a press conference
on Tuesday, November 13, 2007 at the US Embassy, Heather Guimond,
Deputy Consular Chief, explained that the new procedures include
an internet based electronic visa application form (EVAF) and a
new internet based visa appointment system. Heather added that EVAF
will make the non-immigrant visa application process easier and
more efficient.
“As of November 15, in order to apply for non-immigrant visa,”
explained Chuka Asike, Vice Consul, “one must complete the
internet based EVAF, in English.” He added that the EVAF process
produces a three page printed form that incorporates the applicant’s
biographical data into an electronic barcode system. After an applicant
goes online, fills out the on-line form (DS-156: non-immigrant visa
application) and makes an appointment on-line, he or she has to
go to the Bank of Abyssinia to pay the application fee and submit
the forms. The three-page EVAF form with attached photo, the completed
DS-157 (for males between 16-45) and DS-158 (for student and exchange
visitor applicants), passport valid for at least six months and
the appointment confirmation sheet must be submitted to the bank
with a non-refundable 100 USD, the embassy explained. Necessary
corrections shall be requested by the bank of Abyssinia which is
currently giving the service at Ourael, Arada, and Raguel branches.
Capital asked whether the embassy is planning to make the form and
the interface of the application in Amharic as seen localized in
some countries. Heather Guimond replied that such measures can only
be taken by the Department of State. She explained that issues which
can be raised in relation with the inaccessibility of internet access,
computer illiteracy and language barriers won’t affect significantly
Ethiopian applicants’ since the number of applicants for Diversity
Visa didn’t decline when it fully went online.
“The US Department of State has already established this requirement
worldwide in September 2003 to improve the efficiency and customer
service and it became mandatory one year ago,” explains the
embassy Public Affairs Section.
The EVAF is believed to provide increased uniformity, accuracy and
security in processing visa applications. The EVAF application is
available on the internet at: www.evisaforms.state.gov.
KK becomes exclusive dealer
of Sany Heavy Industry
By Kirubel Tadesse
KK Plc has signed a five year exclusive dealership agreement with
SANY Heavy Industry, a construction machinery manufacturer with
its headquarters in Sany, Changsha Economic and Technology Development
Zone in China. As per the contract SANY agrees to sell its products
and their spares to KK with suitable prices in the local market.
SANY also agrees not to grant any third party the right to represent
or sell its products in Ethiopia unless approved by KK. The Exclusive
Distributor agreement will enable KK to distribute SANY products
and provide after sales service in the territory of Ethiopia as
exclusive distributor. KK on its part has agreed not to represent
nor sell other products that are deemed to be competitive with the
manufacturer’s equipment.
Amdie Edilu, Deputy General Manager of KK told Capital that KK is
now involved heavily in the supply of construction machineries and
the agreement it signed with SANY will enhance its role and capacity
in the sector. He added that SANY, in collaboration with world number
one construction machinery and component manufacturers, is known
for the supply of performance proven products which are suitable
for Ethiopian demand.
SANY manufactures concrete handling, construction & earth moving,
paving and material handling products like hydraulic crawler cranes,
truck cranes and reach stacker. The major components and systems
of these machines to be supplied to Ethiopia through KK are originally
from Europe, Japan and America.
SANY and KK have agreed upon a minimum net purchase of one million
USD for the first year. For the second and third year, the minimum
net purchase shall be 2 million USD and shall be fixed by both parties
after first year performance evaluation of products presentation.
KK Plc was established in 1991 with a paid up capital of birr 22
million and engaged in various business activities like manufacturing,
trading, real estate development, automotive and construction machinery
supply. The company is currently building a twenty floor building
at a cost of more than a hundred million birr. KK currently employs
more than five hundred permanent employees.
bmi Takes Off from Addis
Ababa
By our staff reporter
bmi, a British Airline, has started services to Addis Ababa. This
new service provides the traveler from Ethiopia with five flights
per week to London’s Heathrow Airport. Passengers on this
new service will land at London’s Heathrow Terminal 1 where
bmi has a network of onward destinations to USA, Europe and within
the UK.
bmi has appointed Addis Express PLC as its GSA on both passenger
and cargo services. The Executive Director, Alasdair Parker said
“bmi has introduced its services to Addis Ababa as part of
its extensive expansion on international routes. It is particularly
enthusiastic about this first venture into the Horn of Africa. The
flights leave Addis Ababa for London Heathrow on Monday, Tuesday,
Thursday, Friday and Sunday with many onward flights leaving from
the same terminal. bmi holds the enviable position of being the
most punctual airline operating in and out of Heathrow and provides
superior baggage handling facilities within Terminal 1.
As with its other routes bmi has introduced superior in-flight services.
These include improved food and beverages, new amenity kits and
kid’s packs. In-flight entertainment offers up to 22 films
including the latest blockbuster movies. Business class passengers
will enjoy the luxury of wide seating with a 50" pitch guaranteeing
exceptional leg room. Individual video screens provide an extensive
range of in-flight entertainment including Audio Visual On-Demand
(AVOD).
bmi is a Star Alliance Member which provides many superior services
including airport lounge facilities and inter-line arrangements
with other Star Alliance members.
It is to be remembered that British Midland plc, the UK-based group
holding company of bmi entered Ethiopia as the sole British carrier
operating flights between Ethiopia and the United Kingdom.
The airline currently operates around 170 flights a day to and from
its main Heathrow hub. bmi is the second largest airline operating
at London’s Heathrow Airport and has also announced its takeover
of Heathrow-based BA franchise airline British Mediterranean (BMED).
It is also a member of Star Alliance, the world’s biggest
airline alliance, providing passengers with global connections and
a smooth travel experience.
US embassy to build computer
lab for ENDF
By Muluken Yewondwossen
United States Ambassador to Ethiopia Donald Yamamoto and Commandant
Brigadier General Migbe Haile have inaugurated a new English language
computer lab at the Ethiopian Defense Command and Staff College,
on November 14, 2007.
A grant from the U.S. Department of Defense and U.S. Department
of State funded this computer lab and two related audio facilities
in Awash Arba. These three facilities provide state-of-the-art English
language learning environments for the Ethiopian National Defense
Force (ENDF). As Ambassador Yamamoto noted at the dedication ceremony,
"These learning tools will strengthen the ENDF's capacity to
continue its significant contributions to multilateral coalition
efforts, such as UN peacekeeping."
The new English language computer lab at the Defense Command and
Staff College, worth $300,000 (2.7 million Birr) with its Awash
Arba affiliates, features the latest language instruction software
from the United States Defense Language Institute in San Antonio,
Texas, and will allow students to learn English through an interactive,
step-by-step method.
Officers at the Defense Command and Staff College received training
on how to operate, maintain, disassemble and reassemble the laboratories
to ensure sustainable operation now that the cooperative installation
is complete. The new facilities complement three other facilities
installed in cooperation with the U.S. government in 2002 at the
Defense Engineering College in Debre Zeit. At the dedication ceremony,
Ambassador Yamamoto praised the Computer Lab as another facet of
the United States' positive and growing bilateral relationship with
Ethiopia.
In a related development, United States Ambassador to Ethiopia,
Donald Yamamoto, presented over 30,000 American textbooks to universities,
libraries, and other educational institutions and libraries throughout
Ethiopia on November 15, 2007.
Donated by the Brother's Brother Foundation (BBF) in Pittsburgh,
Pennsylvania, the books are new and are the same books in use in
universities and high schools across the United States. The subjects
of these textbooks are mainly medicine, information technology,
business management, the sciences, art and literature, and English.
The nine colleges and universities receiving books are the Public
Service College of Oromia, the PAN Abyssinian College, the Universal
Medical College, CPU College, Admas University College, Queens College,
Bethel Medical College, Atlanta College, and Medco Bio-Medical College.
BBF provided these books at the request of the receiving institutions
and the shipment to Ethiopia was funded by USAID.
BBF is a non-profit organization that provides books, food, medical
supplies, pharmaceuticals, and other humanitarian assistance around
the world. Since its founding in 1958, it has provided over 58 million
books to more than 25 million students in over 50,000 academic institutions
throughout the globe. It is the largest distributor of privately-donated
books in the world.
GIS Day marked in Ethiopia
By Muluken Yewondwossen
The International Geographic Information System (GIS) Day was
marked at the Addis Ababa Science Faculty campus on November 14,
2007 where stakeholders, students GIS user's professionals attended.
Senait Dereje, Secretary of the General Assembly of the GIS Society
of Ethiopia (GISSE), welcomed the attendees and said that GIS Day
is special for Ethiopian GIS professionals as they have successfully
formed a professional society.
This association helps to developing the side of Gis technology.
In addition it contributes new developmental support for governmental
and private organizations that related on these fields.
She also indicated that they are extremely pleased by this achievement
and added that all concerned should work together in order to meet
these expectations.
Dr. Dagnachew Legesse, chairperson of the GISSE Board of Directors,
said in his opening speech of the ceremony that the GIS Day is significant
to users, students and other interested stakeholders.
"Even though the interest in GIS has increased in recent years,
we still have to promote the profession more in a standardized and
ethical manner so that we can all benefit from the profession,"
Dr. Dagnachew said.
An awards ceremony was also held with GISSE presenting awards and
certificates of recognition to organizations and private companies
that took part in organizing last year's GIS Day. The awardees include
Addis Ababa University, Information Systems Services, Mapping Task
Force (UNOCHA), Information Sciences and Technology Division (UNECA)
and Addis Ababa City Administration.
In addition, companies that sponsored the inauguration of GISSE
were also given certificates of participation. Among them are Geomark
Systems, Information Systems Services, Farm Africa, Delta Development
Management Consult, Afri GeoInformation, Ethio-GIS Resource Development,
Corporate GIs and Image Services. Ato Essayas Dagnew, head of Information
Network Security Agency (INSA), handed out the certificates for
the awardees.
After the awards ceremonies were various presentations which displayed
the multi-disciplinary nature of GIS. The first presentation was
made by Ato Abiti Getachew from the Ministry of Water Resources
(MoWR) entitled "Ethiopia: Natural Resources and Environmental
Metadata". Ato Atesmachew Bezuworke from United Nations Office
for Coordination of Humanitarian Affairs (UNOCHA) also presented
a paper on Maps on Demand. On the event other professionals and
students presented their works and held feedback discussions.
The participants were pleased to learn that the young generation
is happy to embrace the idea of geographical representations and
the use of GIS in general. Then, the chairperson thanked and invited
the participants to view the exhibition and demonstrations on practical
implementations of GIS in various sectors by private organizations.
Exhibitors were AFRI GeoInformation Engineering, Geomark Systems,
Corporate GIS and Image Processing Center, Information Systems Services,
Delta Management Consultancy, Ethio-GIS Resources Development, Artek
Consult, GeoSpace Analytical Services (GeoSAS) and the UNECA.
Three million out-of-school
children to be enrolled
By Addis Mulugeta
Save the Children Alliance has released plans for the coming three
years to enroll in school three million out-of-school children due
to conflicts in their countries. It also gave its conviction that
a total of 8 million children will get an education the quality
of which has been improved.
A seminar that has been organized by the collaboration of Save the
children Alliance, Ministry of Education, international non-governmental
organizations and other UN and World Bank officials was held from
15 to 17 November 2007 at the Hilton Hotel as part of Save the Children’s
global challenge to “rewrite the future” initiative.
The design implementation outcomes of accelerated learning programs
in several countries in Africa and else where was depicted during
the seminar.
Minister of Education, Dr Sintayehu W/ Michael, after welcoming
the participants of the seminar, put forward that primary education
for all school age children by 2015 is bringing about promising
results and parts of the Millennium Development Goals (MDG) in Ethiopia.
Efforts are being exerted to send all children of 7 years of age
to school in connection with the Ethiopian Millennium.
He said, “The government of Ethiopia has a firm interest in
the respect of children’s rights to learn”. Currently,
education is being offered in more local languages to enable children
to learn in their mother tongue.
The Minister appreciated the assistance his Ministry has gained
from Save the Children Alliance, the World Bank and others in ensuring
the right of children to education, reaching marginalized and poor
communities in rural and urban areas and so forth.
World Philosophy Day celebrated
at Addis Ababa University
By Addis Mulugeta
World Philosophy Day has been celebrated for the fourth time organized
by the AAU Cultural Center, the University Printing Press, and the
College of Social Sciences in Addis Ababa University, at the center
on November 15, 2007.
Dr. Bekele Gutema, head of the Philosophy Department says, “We
are marking this year’s World Philosophy Day after we have
just launched a new master’s degree program”. The M.A
program hopefully, could help exploit the potentials of philosophy
both in terms of research and teaching. He explained that philosophy
aims to satisfy the intellectual desire for comprehensive knowledge
and attempts to achieve theoretical and practical autonomy and also
emphasizes on an argument of reasoning in the pursuit of knowledge,
said Dr. Bekele. On the other hand, philosophy has also indirect
uses, particularly Western Philosophy, which is responsible in first
nurturing and them setting free other sciences and disciplines,
he added. Dr Bekele explained that philosophy, as a rational enquiry
into the questions that are fundamental to humankind, could be found
in all cultures and could be done in different languages using various
methods.
He said, “An important point in my opinion is that African
philosophers cannot remain silent in view of the problems that Africa
faces and discuss only those issues that are designated philosophical
by the west”.
“We must be ready to benefit from western sources as well
as from our own African and other sources “.
Training for exhibitors
at 12th ACITF
By Addis Mulugeta
The Addis Chamber International Trade Fair has given a half day
training session for clients on how they can best take advantage
of exhibitions to promote their companies for a second time on Thursday,
November 15, 2007 at the Addis Ababa Exhibition Center.
Tamrat Admassu, general manager of the Addis Chamber International
Trade Fair, stated that the training is a follow-up on last year’s
and assessed, “We believe that the participants have benefited
by building up their capacity and performance”. Tamrat said
that the aims of participating on international trade fairs is in
order to discover new markets, examine competitiveness, assess export
changes, initiate cooperation arrangements, recognize development
trends and ultimately increase profits.
The general manager explained that this year’s Addis Chamber
International Trade Fair will be held under the motto of ‘Public-Private
Partnership (PPP) for Change’, from February 21st to February
27th, 2007. 50% of the participants and companies at the fair are
expected to come from more than 30 countries.
According to Tamrat, the World Bank, Chamber of Commerce and Ministry
of Trade and Industry will present research work regarding business.
Regional governors of Amhara, Oromia, Tigray, Benshangul Gumuz,
and SNNP are to participate in this special day. Somali, Afar and
Dire Dawa are also supposed to participate though that has not been
confirmed. He said, “Participating in international trade
fair is very important, especially to regional states because they
will have the chance to meet international investors and they can
promote their region’s potential”.
Foreign Minister lobbies
against Boundary Commission’s deadline
By Tewedage Sintayehu
The recent visits by the Ethiopian Foreign Minister Seyoum Mesfin
to Russia, France and the Uk, all UN Security Council member countries,
is intended to non-event the International Boundary Commission’s
warning to fix the Ethio-Eritrean border on maps unless the two
countries mark the border physically till the end of November, diplomatic
sources told Capital.
The sources claimed that the omission of the warning in the November
13, 2007 statement of the President of the UN Security Council and
the subsequent positive response to it by the Ethiopian office of
the spokesperson shows that Ethiopia’s efforts to that end
are being taken well.
In the statement, the President of the Security Council confirmed
“The parties’ primary responsibility to resolve the
border issue and their other differences, and expresses its readiness
to endorse the commitments made by both parties with respect to
demarcation and normalization but failed to the commission’s
deadline warning.
On the other hand, the statement commended and expressed its full
support for “UNMEE’s continuing operations, underscored
the importance for the parties to provide UNMEE with the necessary
access, assistance, support and protection required for the implementation
of its mandate and welcomed the ongoing efforts by the Secretary-General
towards the earliest appointment of a Special Representative.”
Sources argue that this is an equivalent of a negative attitude
to Eritrea as it has encroached the Temporary Security Zone (TSZ),
blocked UNMEE movement and according to the International Crisis
Group, deployed 4,000 troops.
World Bank makes ACCA Approved
Employer Scheme
By our staff reporter
The World Bank, a global development organization headquartered
in Washington DC, United States, is the latest to qualify as an
Approved Employer with ACCA (the Association of Chartered Certified
Accountants).
This status acknowledges the high standards of training and development
which the World Bank provides for its employees, whether they are
qualified accountants, who are already ACCA members, or as students
or affiliates who are aiming to become qualified.
The World Bank joins nearly 8,500 companies around the world who
are Approved Employers, including ABN AMRO, BP, HSBC, KPMG, and
GlaxoSmithKline. Tony Hegarty, Chief Financial Management Officer
of the World Bank, said: "The knowledge required to function
effectively as a financial management specialist in today's world
continues to grow at an unprecedented rate. The continuing development
of professional competence and lifelong learning for our staff are
critical if they are to meet these increasing knowledge and skills
expectations."
Hegarty said that in addition to enhancing technical competence,
continuous skills improvement promotes confidence and pride in one's
work and enhances effectiveness.
"Ongoing professional development is a strategic priority of
the World Bank's Financial Management Sector as we strive to equip
our staff to support the improvement of public and private financial
management practices in partner countries," said Hegarty.
Tony Osude, Head of Learning and Development at ACCA, said: "As
an ACCA Approved Employer, the World Bank has demonstrated that
it meets global best practice in the provision of learning and development
opportunities, and we welcome them to ACCA's expanding global family
of Approved Employers.
The award gives the World Bank well-deserved international recognition
for the quality of support and training they invest in their employees."
To become an Approved Employer, ACCA assesses organizational training
statements and undertakes a performance review which ensures that
ACCA's global training and development standards are met throughout
the organization.
Hikmet Abdella Country Manager from ACCA indicated that Financial
institutions as well as most of the larger audit firms are either
in the process of being accredited or have been accredited in Ethiopia
also.
ACCA's Approved Employer program complements ACCA's global continuing
professional development (CPD) scheme - ACCA Realise. Under this
flexible scheme, relevant workplace learning, mentoring, e-learning,
writing and presenting business articles are all recognized as CPD
activities in addition to traditional activities such as attendance
at courses and seminars. CPD allows accountants to keep their skills
and knowledge continuously updated after qualifying.
ACCA is the largest and fastest-growing international professional
accountancy body and has 296,000 students and 115,000 members in
170 countries.
The ACCA Realise products and services are the result of consultation
with over 10,000 ACCA members and employers around the world, reflecting
cultural differences and recognizing the many ways people learn
and focus on work tasks, business objectives and personal development,
rather than the traditional 'clocking up' of hours on CPD courses.
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