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Austrian President lauds bilateral ties Economic co-operation up by 500%

By Tedla Yeneakal

Federal President of the Republic of Austria, President Dr. Heinz Fischer told Capital in an exclusive interview, upon his conclusion of a three-day official visit to Ethiopia, that he has had a fruitful discussions with Ethiopian leaders on the continent’s crises including the Kenyan election violence, the Darfur humanitarian situation, Chad and the Ethio- Eritrea conflict. The Austrian president arrived here on Wednesday Feburary 20, 2008.

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Tesfaye Birru et al to appear in court on Tuesday
ETC announce 728.4 mln br net profit

By Groum Abate

Tesfaye Birru, former Managing Director of the Ethiopian Telecommunications Corporation (ETC) and 12 other former officials are to appear on Tuesday, February 26, before the Lideta Federal High Court 1st Criminal Bench.
The officials are charged in connection with procurement deals with Ericsson and Alcatel Lucent. The court granted the Federal Ethics and Anti-corruption Commission’s prosecutor a one week extension to complete investigations.

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Millennium International Trade Fair opens
India leads among foreign participants

By Kirubel Tadesse

The 12th Addis Chamber International Trade Fair (Millennium Fair) is being attended by twenty seven countries, comprising 300 participant companies, from which India holds the largest participation by any country in the fair’s history.
The Embassy of India has announced that the aim of India’s participation is to bring businessmen together on a common platform for increased exposure to each other’s market.

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Awash Bank boosting IT systems

By Muluken Yewondwossen

Awash International Bank is developing its information communication (IT) system in order to achieve acceptance by the Ethiopian Commodity Exchange (ECX) and to strengthen its relationship with grain exporters.
Mitiku Abeshu, Awash International Bank vice president told Capital that his bank currently has many grain exporter clients. “To continue our relationship with grain exporters, we should participate in the operations of the ECX.

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Access acquires 6,000 sq. meters plot

By Tedla Yeneakal

Access Real Estate (ARE) S.C. has acquired 6,000 square meters of land in Bole Sub-city, near Nyala Motors on the ring road.
Ermias Amelga, major shareholder of Access told Capital that other similar transactions are in the pipeline to acquire plots on two spots around the city center and near the Economic Commission for Africa (ECA).

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Benishangul Gumuz issues license to 26 investors

By Addis Mulugeta

The Benshangul Gumuz Regional State has disclosed that investors have received licenses to invest in various activities including construction, agriculture, education, health service and hotel.
Head of Investment Bureau Research Unit, Abera Shibeshi disclosed that in the preceding half year, 26 projects were licensed with a combined capital of over 219 million ETB creating 5,529 permanent and temporary jobs.

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Addis Ababa Chamber settles for co-ownership

By Kirubel Tadesse

Addis Ababa Chamber of Commerce and Sectoral Associations (AACCSA) has settled for co-ownership with the Addis Ababa City Administration to own build and manage the Addis-Africa International Trade Center.
Speaking at the colorful opening of the 12th Addis Chamber International Trade Fair on Thursday 21, February 2008, Eyesuswork Zafu, President of AACCSA disclosed the agreement which was followed by the signing ceremony at Municipality Hall.

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Orphanage cries out for help
Premises demolished for ring road

By Kirubel Tadesse

Zewditu Meshesha Orphanage Care has called on the public for support after losing its center last week due to the ring road expansion which resulted in the demolishing of most of its center, a property of the Governmental Houses Agency.
Zewditu Meshesha founded the Orphanage in 1991. She told Capital that the 58 orphans are on verge of being homeless once again since she can’t afford to rent a private house, which can cost more than ETB 5,000.

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Concerted peace in South Omo

By Addis Mulugeta

A powerful and highly significant peace concert in South Omo zone was held in the town of Jinka, under the objective of reconciling misunderstandings among the various ethnic groups. The South Omo Peace Festival was organized by Pact Ethiopia’s SELAM-C Project, in partnership with the Jinka Pastoralist Student Association and South Omo Zone government partners under the sponsorship of USAID.

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‘Ras Alula from today’s perspective’

By Teguest Yilma

Reflecting on an aspect of the relevance to current reality and historical scholarship of past Ethiopian history, Professor Haggai of Tel Aviv university and a world renowned writer and scholar of modern Ethiopian history, delivered a lecture: ‘Ras Alula from today’s perspective’, an address focusing on the great Ethiopian general and brilliant strategist.
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bmi celebrates entry into Ethiopian market

By Addis Mulugeta

In celebration of bmi’s entrance into the Ethiopian market on February 21, 2008 at the Sheraton Addis, Colin Carter, divisional Manager of the bmi groups, addressed the Media on the benefits of the airline’s recent launch of five weekly flights - Monday-Tuesday-Thursday-Friday-Sunday - from Bole International Airport to London-Heathrow Terminal 1.

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“The first genocide of the 21st century-Darfur”- conference

By Groum Abate

A conference on Darfur has been conducted with the hope that this kind of cross-dialogue will foster a comprehensive, yet nuanced understanding of the root causes, manifestations, and implications of the ongoing conflict, and help generate more informed prospects for a just and comprehensive resolution of the conflict.

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Cattle as classmates?

By Addis Mulugeta

Among Ethiopia’s growing number of education establishments is the Jinka Technical and Vocational Institute which offers its opportunities to the 17 ethnic groups in South Omo, contributing to minimizing unemployment in the region. The institute is not your typical technical and vocational school, as it is rather equally shared with cattle and students.
Institute Director, Workneh Haile Mariam, stated to Capital that the Jinka Technical and Vocational Institute has been facing a number of problems right from its establishment in 2003.

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Music concert for the first cancer hospital

By Muluken Yewondwossen

The Life’s Second Chance Foundation (TLSCF) and Serawit Multimedia Productions will facilitate a music concert titled “Tena Yestelegn” on Saturday March 1, 2008, at Millennium Hall. This was stated by the coordinators of the concert at a press conference held on February 20, 2008 at Sheraton Hotel.

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GTZ launches 12 pilot projects on social accountability

By Addis Mulugeta

GTZ launched 12 pilot projects on social accountability in 100 Woredas on Thursday, February 21, 2008.
The Ethiopian Social Accountability Program (ESAP) gives voice to the needs and concerns of Ethiopia’s poor regarding access to basic services. ‘Civil society organizations are the key facilitator of the program to bring the poor in to dialogue between community members and service provider about education, water, sanitation and agriculture extension for this pilot project,’ said Director Protection of Basic Service/ Social Accountability program for GTZ, Gerhard Mai during the launch ceremony held at the Event Hall of GTZ.

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Austrian business delegation confers with Ethiopian counterparts

By Kirubel Tadesse

An Austrian business delegation led by Josef Mayer, Vice Minister of the Austrian Federal Ministry of Economy and Labor, held discussions with Ethiopian business persons at Sheraton Addis on Thursday February 21, 2008.
The Austrian business delegation comprises of eight company representatives which are members of the Austrian Federal Economic Chamber; the legal representative of the entire Austrian business community which lists some 400,000 businesses.

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Second regional Nile Day celebrated

By Muluken Yewondwossen

The second regional Nile Day was celebrated on February 22, 2008 at Addis Ababa’s United Nations Economic Commission for Africa (ECA) hall in the presence of Girma Wolde Giorgis, President of Ethiopia, regional delegations, diplomats and international donors under the theme “Cooperation on the Nile: sustaining our life, our future.”
On the occasion President Girma said, “I believe that no single riparian nation can claim to ensure the sustainability of the Nile individually, such that outside the framework of regional cooperation. It is also true that any nation has the potential to inflict untold damage and setback if it chooses not to cooperate.

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First women entrepreneurs’ directory published

By Muluken Yewondwossen

The International Labour Organization (ILO) - Irish Aid Partnership Program has launched the first comprehensive membership directory of five major women entrepreneurs’ associations (WEAs) in Ethiopia, with practical information on more than 4,500 women entrepreneurs on February 21, 2008, at Ethiopian Chamber of Commerce.
“We have been working to realize this membership directory from March 2007 and had it published at a cost of USD 40,000,” Dereje Alemu, national program coordinator, ILO Irish Aid Partnership Program, told Capital.

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Professional accountancy
said vital for economic growth

By Groum Abate

The recruitment, development and retention of finance professionals is a growing challenge for organisations because the accounting profession is changing rapidly, global research from the Association of Chartered Certified Accountants (ACCA) reveals.
ACCA’s research report “A changing profession? The evolution of accounting roles, skills and career aspirations”, sought the opinions of more than 2,500 ACCA qualified accountants in 50 countries around the world.

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ERA, Keangnam sign 1.4 bln ETB road contract

By Muluken Yewondwossen

The Jimma-Mizan road upgrading project, consisting of two independent contracts; Jimma-Bonga Junction and Bonga Junction-Mizan, was signed between the Ethiopian Roads Authority (ERA) and Keangnam Enterprise on Wednesday February 20, 2008 at ERA headquarter.
ERA Human Resource and Finance manager, Gelesso Bore and general manager of Keangnam Enterprises Ethiopian Branch Office, Cho Hyun-Seung, signed the contract agreement.

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BOMAG eyes Ethiopian market

By Groum Abate

Recognized as the worldwide compaction equipment leader, Bomag, part of the Fayat Group, has introduced Road Division Products for interested parties at a seminar held at the Hilton Hotel.
Bomag gave a seminar on basics of compaction of soil and asphalt, stabilization, and other factors on compaction process as well as detailed description of its machineries comparing it with other machineries with similar capacity. Officials of the organization also said that their products are at work in every climate and in every application. They said that products range from vibratory tampers and plate compactors to recycling equipment and landfill compactors.
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DKT’s first phase Wise-Up condom use completed

By Groum Abate

DKT Ethiopia, in collaboration with Timret Le Hiwot, Nikat Women Association and HIV/AIDS Prevention Control Office celebrated its first phase, 100% Condom Access and Use Campaign under its existing Wise Up campaign.
The campaign was successful in encouraging the response to HIV in Ethiopia by working to reduce HIV and sexually transmitted diseases among sex workers and their clients. Information were made available and condoms distributed to sex workers who work in bars, hotels as well as the staff and clients of the establishments, and resource centers were set up for support and counseling.

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DNA links humanity to one common origin: Ethiopia

By our staff reporter

According to the latest studies on human diversity, scientists identified that sub-Saharan Africa is the place where the human migration phenomenon began 100,000 years ago, when a small group of humans headed for North Africa and Middle East, and kept on going ever since, reaching the farthest continents of Americas and Australia.
Up until this point, theories on a global migration with an African starting point have been circulating, but none of them brought the arguments and evidence this study did on the topic.

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UA to offer classes on disaster management

By Groum Abate

Researchers from the University of Arizona (UA) have received a three-year, 200,000 dollars grant to aid in famine disaster management.
The UA has teamed with Bahir Dar University to build a center of excellence and create a new master’s curriculum in disaster risk management in Ethiopia.
The program will train 15 students through distance learning and provide them skills for disaster management as well as earning Masters Degrees from Bahir Dar University. Four of the 15 students are UA professors and three are Ph.D. candidates.

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LG to launch TV that ‘thinks’

By Groum Abate

LG Electronics is to launch a new TV that allows the viewer to pause, record, and replay programs and that is expected to revolutionize viewership trends in Ethiopia especially by enabling people to take forward viewing of important and favorite programs. The TV has been developed by LG Electronics.
LG Electronics regional officials pledged the firm’s commitment towards revolutionizing TV viewing in the wider Eastern Africa region before the 2010 World Cup in South Africa.

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Austrian President lauds bilateral ties Economic co-operation up by 500%

By Tedla Yeneakal

Federal President of the Republic of Austria, President Dr. Heinz Fischer told Capital in an exclusive interview, upon his conclusion of a three-day official visit to Ethiopia, that he has had a fruitful discussions with Ethiopian leaders on the continent’s crises including the Kenyan election violence, the Darfur humanitarian situation, Chad and the Ethio- Eritrea conflict. The Austrian president arrived here on Wednesday Feburary 20, 2008.
“We regard Ethiopia as a very important partner in Africa as it is the seat of the African Union,” he said. “There is a lot of readiness from the Ethiopian side regarding cooperation with Europe and in particular with Austria.”
He held thorough discussion with President Girma Woldegiorgis and Prime Minister Meles Zenawi on the prevailing peace situation in the horn of Africa and the bilateral cooperation between Ethiopia and Austria.
“We have signed an economic and scientific agreement that is of great importance to the country,” the President told Capital. “I have proposed to the outgoing chairperson of the AU, Prof. Konare and to PM Meles Zenawi for the AU to open an office in Vienna, where so many international agencies have their offices.”
Ethiopia and Austria signed a 28 million Euros memorandum of understanding for development programs for the next 5 years. Austrian assistance increased five-fold from the 5.6 million Euros agreement signed in 2001.
“I hope we can intensify our bilateral relations in the future,” he concluded.
The main areas of cooperation are rural development and food security in North Gondar, Basic Health Services in the Somali region, the PBS-Program, protection of basic services, and energy.
In 2006, Austrian exports reached 5.6 million Euros, Ethiopian exports to Austria stood at 3.2 million Euros in 2007, while Austrian exports rose to 13 million Euros.
In terms of the exchange of official visits, in 1954 Emperor Haile Selassie paid a visit to Austria, which in 1956 led to the establishment of an Austrian Honorary Consulate in Addis Ababa. In November 2004, Prime Minister Meles Zenawi also paid an official visit to Austria and an Investment Protection Agreement was signed.


Tesfaye Birru et al to appear in court on Tuesday
ETC announce 728.4 mln br net profit

By Groum Abate

Tesfaye Birru, former Managing Director of the Ethiopian Telecommunications Corporation (ETC) and 12 other former officials are to appear on Tuesday, February 26, before the Lideta Federal High Court 1st Criminal Bench.
The officials are charged in connection with procurement deals with Ericsson and Alcatel Lucent. The court granted the Federal Ethics and Anti-corruption Commission’s prosecutor a one week extension to complete investigations.
ETC had fired sixteen employees working in higher levels of administration it found to be corrupt as a result of an audit report in July last year.
The reason given by ETC at the time for firing the officials is related to the purchasing of Ericsson and Nokia mobile apparatus and Alcatel Lucent PBXs.
The commission has indicted the loss of 1.52 billion birr, which ETC incurred, on these former high officials.
A report by the corporation’s auditors has also made liable the previous five management members and other individuals of the corporation for involvement in corruption in relation to the above two projects. The five are Tesfaye Birru, Abebe Belayneh, former Deputy Manager; Asfaw HaileMariam, former Information Technology and Data Service Manager; Abayneh Abebe, former Telecom Service Manager; and Abebe Taye, former Telecom Network Acting Manager.
In related news the Ethiopian Telecommunications Corporation has announced that it has secured a 728.4 million birr net profit in the first half of the 2000 Ethiopian fiscal year.
According to a press release the corporation sent to Capital it has spent over 1 billion birr on projects completed by vendors.
The press release further states that fixed line customers increased by 3.2% while mobile line customers increased by 50% during the first half of the fiscal year. 661,800 new customers have also benefited from the services of the telecom monopoly.
The corporation announced that from a planned 2.25 billion birr revenue it has obtained 1.95 billion birr during the current half budget year.
According to the corporation’s press release the 1.2 million Millennium mobile project has been completed. The turnkey project erected by the Chinese ZTE, would support 250,000 3rd generation networks and the remaining 950,000 would give service to 2nd generation mobile users.
The WCDMA -3G (Third Generation) service enabling customers to make video telephony is among the various projects that the Corporation is undertaking with the Chinese ZTE. The first phase of the project is nearly finalized and pilot testing of the service has successfully been completed.
The Chinese telecom giant is also completing the project for another 625,000 wireless telephone lines.
The corporation has also planned a 2nd phase GSM mobile project that would boost the corporation’s mobile capacity to 5.6 million.
The project also consists of an expansion project in Addis Ababa and in 18 other major towns of the country.

Millennium International Trade Fair opens
India leads among foreign participants

By Kirubel Tadesse

The 12th Addis Chamber International Trade Fair (Millennium Fair) is being attended by twenty seven countries, comprising 300 participant companies, from which India holds the largest participation by any country in the fair’s history.
The Embassy of India has announced that the aim of India’s participation is to bring businessmen together on a common platform for increased exposure to each other’s market. “The participation of more than 30 Indian companies in the Addis Chamber Trade Fair covers the widest possible spectrum including software, engineering equipment, leather, machineries, chemicals, pharmaceuticals, herbal cosmetics, textiles, ladies garments, handicrafts, plastic products, packaging materials and the like,” added the Embassy’s statement.
The Guest of Honor of the Millennium Trade Fair, Girma Birru, Minister of Trade and Industry on Thursday 21, 2008, expressed his appreciation to the foreign participants. “I hope this occasion will also give them the chance to witness the economic and social progress Ethiopia is conducting,” Girma commented.
In his welcome speech Eyesuswork Zafu, President of the Addis Ababa Chamber of Commerce and Sectoral Associations (AACCSA), said that this Millennium International Trade Fair has surpassed all expectations. “In addition to exhibitors and visitors from countries like Djibouti, Kenya, Sudan, and Egypt, the fair has attracted many others not so near, like Austria, Brazil, China, Germany, and Great Britain, ‘Incredible’ India, Indonesia, Iran, Italy, The Netherlands, Poland, Thailand, Tunisia and United Arab Emirates,” explained Eyesuswork.
According to the President, the week-long Fair also witnessed high domestic participation due to the rising number of Regional Trade and Investment Bureaus. “The regional participation from which foremost are Amhara, Oromiya, Southern Nation Nationalities and People’s state and Benishangul Gumuz Regional State, serve the double purposes of showcasing the attractive opportunities investors could expect from these States and the opportunities they get in turn to network and market their products as well,” added Eyesuswork. He pointed out that the Fair misses Tigray Regional state which couldn’t participate due to program overlaps.
The Millennium Fair which opened Thursday is highlighted by dedicated days to particular nations. ‘India Day’ was marked on February 22, 2008 at the theatre hall of Addis Ababa Exhibition Center. The program included a symposium on “Doing Business with India” and business meetings arranged by the Indian Embassy. Major Indian companies like Tata International, HCL Info systems Ltd., Bharat Rassayan Ltd., RP Info systems (P) Ltd., and Swastik Polymers are participating in the Millennium Fair.
The Italian Day was also marked with a seminar on “Public-Private Partnership for private sector development on the same day in the presence of senior officials from the Italian Embassy, Ethiopian Ministry of Trade and Industry and the European Union.
The delegation of Italian companies led by The Italian Trade Commission and Italian Ministry of International Trade is taking part in the Millennium trade Fair together with Italian embassy in Addis Ababa. Business meetings are also organized between Ethiopian and Italian companies at the Exhibition Center.

Awash Bank boosting IT systems

By Muluken Yewondwossen

Awash International Bank is developing its information communication (IT) system in order to achieve acceptance by the Ethiopian Commodity Exchange (ECX) and to strengthen its relationship with grain exporters.
Mitiku Abeshu, Awash International Bank vice president told Capital that his bank currently has many grain exporter clients. “To continue our relationship with grain exporters, we should participate in the operations of the ECX. Accordingly Awash International Bank is developing its networking system in all branches of the country, as modern networking system is a basic requirement to participate in a commodity exchange scheme,” he added.
According to Mitiku, within a few months Awash will be among the selected banks working with the ECX.
The Ethiopian Commodity Exchange started its operation two months ago as a wholly state owned market institution. ECX currently uses only Commercial Bank of Ethiopia and Dashen Bank. According to Eleni Zaude Gabre Medhin (PhD), ECX chief of party, the two banks were selected based on their good IT systems. ECX will start its exchange with maize, wheat, haricot bean and sesame grains, and plans to include teff and coffee. Eleni said that if other banks developed their IT system, they can also work with them.
In related news, the second annual Exporters’ Day facilitated by Awash International Bank was held on February 19, 2008, at Sheraton Hotel.
At the ceremony, ninety-eight exporter clients of Awash International Bank were awarded certificates and trophies. The awarded exporters are engaged in the export of coffee, chat, flower, sesame and other produce.
“Awash International Bank has been facilitated a credit and export credit guarantee in collaboration with the National Bank Ethiopia,” Leikun Berhanu, president of Awash International Bank, stated in his opening speech.
According to Leikun, the country has earned over 150 mln USD from export commodities in 2007 through Awash Bank.
Awash is the first private bank established in Ethiopia since 1991 and currently counts over 2000 shareholders. The total capital of the bank has reached 6.8 bln ETB.

Access acquires 6,000 sq. meters plot

By Tedla Yeneakal

Access Real Estate (ARE) S.C. has acquired 6,000 square meters of land in Bole Sub-city, near Nyala Motors on the ring road.
Ermias Amelga, major shareholder of Access told Capital that other similar transactions are in the pipeline to acquire plots on two spots around the city center and near the Economic Commission for Africa (ECA).
Access will build four condominium buildings on the aforementioned spot, according to a press release from the company. The buildings will be in a secure compound and will also feature convenience stores, a laundry and a recreation center.
“Construction could begin within six weeks, once documentation is finalized,” read the release. “The agreement signed on Friday, 22nd February is to buy a majority of the shares in Menagasha Real Estate Development Plc, which owns the plot.”
Access Real Estate is set up to acquire and develop residential and commercial real estate properties; engage in construction activities related to the development of its real estate projects and for third parties; market, sell or lease and assist in financing real estate properties; and manage real estate properties.
“Our aim is to reach our target capital of 100 million birr and we are currently on the right trend of reaching our objective. That’s why we have started acquiring plots,” Ermias said. “Currently there are 800 shareholders, however the sales of shares still remain open.”
ARE bases its business activities and operations on its extensive research into the residential and commercial real estate sectors, as well as the construction industry. This has shown the need for mid-level affordable apartments on plots with easy access to the city center.
According to the release, the finance raised from selling of the shares (Min. share price of 25,000 birr), will enable the building of the apartments, which will be sold through auction once they are completed.
The Access Real Estate share offer has been extended to February 29, and is likely to be extended again, both due to the interest at home and internationally and because of the opportunities which are opening for a prompt and profitable start to business.

Benishangul Gumuz issues license to 26 investors

By Addis Mulugeta

The Benshangul Gumuz Regional State has disclosed that investors have received licenses to invest in various activities including construction, agriculture, education, health service and hotel.
Head of Investment Bureau Research Unit, Abera Shibeshi disclosed that in the preceding half year, 26 projects were licensed with a combined capital of over 219 million ETB creating 5,529 permanent and temporary jobs.
Abera said that 19 investors in Dangur, Guba, Assosa, Mahocoma, Gelgel beles, Comosha, Wonbera, and Banbacy woredas are involved in agriculture, one in construction, another in education, two in hotels and a pair of super markets, in Assosa on a combined 34,550 hectares. All the investors are expected to start work in the next few months.
He added that investors who come to the region can get the necessary support including infrastructural and minimum bureaucracy. He said that the region has studied 100 projects that are available for investors, including in oilseeds, cotton plantation, marble, mining and others.
Abera also indicated that the region has a vast land available and adequate manpower, be it in the rural and urban settlements of the region, and this also would add to attract investors.
Meanwhile, the flow of investors has increased compared to the corresponding period last year.

Addis Ababa Chamber settles for co-ownership

By Kirubel Tadesse

Addis Ababa Chamber of Commerce and Sectoral Associations (AACCSA) has settled for co-ownership with the Addis Ababa City Administration to own build and manage the Addis-Africa International Trade Center.
Speaking at the colorful opening of the 12th Addis Chamber International Trade Fair on Thursday 21, February 2008, Eyesuswork Zafu, President of AACCSA disclosed the agreement which was followed by the signing ceremony at Municipality Hall.
After thanking three ministers; Girma Birru, Minister of Trade and Industry, Tefera Walwa, Minister of Capacity Building and Ambassador Mohammed Dirir, Minister of Culture and Tourism, for the agreement reached, Eyesuswork went on to praise ‘the prophetic vision’ of Arkebe Oqubay, former Mayor of Addis Ababa City Administration, who first hinted at the possibility of co-ownership. Eyesuswork explained that in March 2005 when the AACCSA leased the 110,126 sqm land, Arkebe had suggested co-ownership, though AACCSA did not accept immediately.
The 110,126 sqm of land which AACCSA and Addis Ababa City Administration will jointly build and run the trade center on is located opposite the CMC residential complex. The plot had caused a number of disagreements after it was alleged that it overlapped into neighboring land owned by Country Trading, the Ethiopian Water Sports Federation and Blue Nile Trading Plc..
Girma Birru, Minister of Trade and Industry, Berhane Deressa, Mayor of Addis Ababa and other senior government officials attended the opening ceremony of the 12th Addis Chamber International Trade Fair held at exhibition center.
Before opening the fair, Minister Girma said the Fair theme ‘Public-Private-Partnership for Change” is as timely as it calls on the government and the private sector to forge strong partnerships urgently. “It is intended to remind all stakeholders that if this country is to be among the middle income countries,” Girma explained, “within a defined period of time Public-Private-Partnership is not only imperative, but also mandatory upon all concerned.”
Before hosting Addis Ababa City Day at the municipality, Mayor Berhane Dressa joined other senior government officials in attending the opening of the fair. The 12th Addis Chamber International Trade Fair exhibition will remain open until February 27, 2008.


Orphanage cries out for help
Premises demolished for ring road

By Kirubel Tadesse

Zewditu Meshesha Orphanage Care has called on the public for support after losing its center last week due to the ring road expansion which resulted in the demolishing of most of its center, a property of the Governmental Houses Agency.
Zewditu Meshesha founded the Orphanage in 1991. She told Capital that the 58 orphans are on verge of being homeless once again since she can’t afford to rent a private house, which can cost more than ETB 5,000.
“We only had fifteen days official notice before we lost the main house and now we are all staying in the few rooms which can’t possibly hold all of the 58 children,” said Zewditu. “I am well aware that I can’t blame or demand special treatment from anyone especially after the cooperation we got from the Addis Ababa Road Authority which saved us the six rooms after it was decided that the entire house be brought down. However what I am asking for is a replacement for the house we lost or a plot on which we can build our own house,” explained Zewditu in tears,” where should I take these children ? I have already sold my houses and cars and I no longer have the capacity to buy or build a house.”
Tefetere Worke, son of the founder who is serving as acting manager of the orphanage told Capital that they don’t have electric power and water supply, which makes it very difficult for the children who range between one to twenty three years of age. “We are seeking any help we can get in order to keep the 58 children who are living here and some three hundred children who are getting educational materials assistance,” added Tefetere.
“My biggest worry now is that I will be forced to move to another place, far from this area, and students will miss this academic year. We also may lose the support the children are getting in terms of education cooperation from a US NGO,” said Zewditu. Many people such as Mayor Berhane Deressa have tried their best to help us out. He referred us to the City’s Civil and Social Affairs Office that help us get a plot, but we learned that we need to deposit 10% of our next five years’ plans budget, which is simply something we cannot afford.”
Ayenalem Eshete of Zone 5 Governmental Houses Agency told Capital that the Agency has no house available to rent to the Orphanage.” When families lose a house due to road expansion or other development activities, it is usually the sub cites and Kebeles that arrange substitution with other housing facilities such as condominiums. But the Agency doesn’t have such a policy nor facility to do the same, due to lack of empty, available houses,” explained Ayenalem. However, she confirmed that the Agency will consider another contract with the orphanage that reflects the existing facility, after visiting the remaining six-room house.
Zewditu Meshesha Orphanage has so far graduated seven children in degree programs and currently has a number of students attending degree programs. “It is when I saw these children sleeping in the streets that I said it is my responsibility to take care of them,” said Zewditu, “Now, I don’t think I can keep on doing that but it isn’t the end of the world, I am sure that God has something in store for us.”

Concerted peace in South Omo

By Addis Mulugeta

A powerful and highly significant peace concert in South Omo zone was held in the town of Jinka, under the objective of reconciling misunderstandings among the various ethnic groups. The South Omo Peace Festival was organized by Pact Ethiopia’s SELAM-C Project, in partnership with the Jinka Pastoralist Student Association and South Omo Zone government partners under the sponsorship of USAID.
The festival brought together various representatives from 17 different ethnic groups to participate in peace dialogs and music workshops that aimed to eliminate conflict through appreciation of music and dance, on Saturday, February 16, 2008. The ethnic groups represented were the Arbore, Ari, Bacha, Benna, Beraile, Bodi, Dassench, Dima, Gnangtom, Hamer, Kara, Konso, Male, Muguji, Mursi, Murule, and Tsemay. The event also featured special guest performers from Gambella Regional State. Each community chose 10 performers to represent them in the workshop and perform at the peace concert. In addition, each community was represented by 10 elders and influential leaders as well as 850 others from all the communities were invited to attend Saturday’s event.
“The desire for peace comes from the community and Pact Ethiopia followed the direction of the community,” said Olga Petryniak, Jinka and South Omo Project Manager for Pact Ethiopia. She explained during the concert, “Representatives from the 17 ethnic groups of the zone gathered, slept, ate, and drank together. It has given them a chance to share their experiences on how they can build sustainable peace among themselves and listen to each other. Accordingly, they promised to share experiences they collected from the Peace Concert with their community at the end of the day.”
Elders from all ethnic groups blessed the participants and prayed for peace and development to prevail to their community. On the first day, there was an introduction and welcoming of elders, youth and women guests from all 17 ethnic groups.
The goal of the festival was to empower key stakeholders in South Omo zone to actively and effectively engage in peace building through conflict prevention, and to raise awareness regarding the traditional cultures of the zone as an asset in peace building. The concert aims to strengthen the role of youth in promoting peace-building initiatives and to enhance peaceful interaction among the zone’s ethnic groups through socio-cultural exchanges.


‘Ras Alula from today’s perspective’

By Teguest Yilma

Reflecting on an aspect of the relevance to current reality and historical scholarship of past Ethiopian history, Professor Haggai of Tel Aviv university and a world renowned writer and scholar of modern Ethiopian history, delivered a lecture: ‘Ras Alula from today’s perspective’, an address focusing on the great Ethiopian general and brilliant strategist.
The February 20, 2008 event, held at the Ras Mekonen Hall of Addis Ababa University was organized by the Society of Friends of the Institute of Ethiopian Studies in collaboration with the Embassy of Israel.
Present at the lecture were Dr. Fasil Nahom, special advisor to the Prime Minister and Director General of Justice and Legal System Research Department and Yaacov Amitai Ambassador of the State of Israel to Ethiopia and other invited guests and members of the press.
In an opening address Ambassador Amitai expressed his appreciation to the Addis Ababa University and the Society of Friends of the Institute of Ethiopian Studies for their role in hosting and organizing the occasion. “It is with great honor and pleasure that I speak before you today on the occasion of Professor Haggai Erlich’s lecture on Ras Alula the historic Ethiopian national hero,” said the Ambassador and added, “As a representative of the State of Israel, I am honored to introduce one of our leading scholars. From my point of view Professor Erlich […] has been functioning for decades as a living bridge between Ethiopia and Israel, a bridge constructed by direct human touch.”
Professor Haggai Erlich opened ‘Ras Alula from today’s perspective’ by profiling the hero as the greatest military general in African history and stated that Alula’s lasting legacy is Ethiopia’s continued status as an independent entity. The era was one in which the European powers were dividing up Africa in the Great Scramble For Africa, and according to the professor it is due to the efforts of such patriots that Ethiopia managed to maintain its sovereignty in the face of the colonial onslaught.
Professor Haggai Erlich reflected on the Ethiopian tradition of patriotism which has endowed the nation with a string of military victories throughout its history. Though the foundation of its freedom, independence and sovereignty, emboldened by these victories Ethiopia perpetuated the continuous recycling of its traditions and perseverance of its traditional government system - “If something works, why change it?”
Unfortunately, this situation did not open the way for new and modern political systems that other countries in Africa embraced at the time, and which led to Ethiopia’s current features, missing on a federalist political system. Although, “Political decentralization was first introduced by Emperor Yohanes in late 1800s who led the country as a federation,” said Prof. Haggai, the country fell into an autocratic and totalitarian government both under Emperor Haile Selassie and Mengistu Haile Mariam eras. “The rulers of Ethiopia today were inspired by Emperor Yohanes and Ras Alula…”
An expert on the history of Ethiopia’s relations with the Middle East, Prof. Haggai noted that Ethiopia marginalized the Middle East in the 70s and focused rather on Africa, with the formation of the African Union in 1963 and other pan-African movements.
Today, in view of the politico-religious realities around the world, there is more rapprochement between Ethiopia and the Middle East including Egypt and Saudi Arabia.
Prof. Haggai concluded by drawing once again from Ras Alula’s story and his message that “both Muslims and Christians should live together”.
Capital will feature an exclusive interview with Prof. Haggai in next week’s issue.

bmi celebrates entry into Ethiopian market

By Addis Mulugeta

In celebration of bmi’s entrance into the Ethiopian market on February 21, 2008 at the Sheraton Addis, Colin Carter, divisional Manager of the bmi groups, addressed the Media on the benefits of the airline’s recent launch of five weekly flights - Monday-Tuesday-Thursday-Friday-Sunday - from Bole International Airport to London-Heathrow Terminal 1.
The new route to Addis Ababa is part of bmi’s strategy of expansion following its already impressive flight network, which now includes 17 new destinations throughout Africa, the Middle East and Central Asia.
bmi is the second largest airlines operating at London’s Heathrow airport and is now the sole British carrier operating flights between Addis Ababa and the UK.
Commenting on the new services, Colin Carter said bmi is extremely enthusiastic about what it can bring to the Ethiopian market. This not only allows bmi customers to explore London and the UK for business or pleasure but also allows them to avail of the many other destinations that bmi connects to in Europe and the USA. “We will also continue to focus on maintaining our superior punctuality record at Heathrow where Civil Aviation authority figures clearly show we outperform all other British airlines at the airport.”
Coinciding with the launch of the new route, bmi is introducing major enhancements to its in-flight products. These include improved food and drinks services, and in-flight entertainment offering up to 22 films.

“The first genocide of the 21st century-Darfur”- conference

By Groum Abate

A conference on Darfur has been conducted with the hope that this kind of cross-dialogue will foster a comprehensive, yet nuanced understanding of the root causes, manifestations, and implications of the ongoing conflict, and help generate more informed prospects for a just and comprehensive resolution of the conflict.
The conference organized by the Institute of Ethiopian Studies and Cornell University is also in conjunction with the forthcoming edited volume, Darfur and the Crisis of Governance in Sudan: A Critical Reader. The conference addresses the major lacunas in the scholarship and reportage on the war in Darfur by providing a broad, yet focused range of presentations, which explore the multiplicity of factors that have given rise to what has been called “the first genocide of the twenty first century.”
The ongoing conflict in the western Sudanese region of Darfur has received an unprecedented amount of attention, especially in the West, from international media and human rights organizations, and has captured the attention of millions of ordinary global citizens. Those seeking to learn about the conflict, as well as those who have reported on it, often rely on information produced by the various governmental bodies and non-governmental organizations that are involved in addressing the humanitarian crises spawned by the conflict.  As a result much of what has been written about the conflict tends to be either aid-oriented or journalistic in nature and often lacks a strong understanding of the historical, economic, political, sociological and environmental factors that have contributed to the conflict.  Perhaps most glaringly, with few exceptions, the literature on the conflict in Darfur is devoid of Sudanese voices, particularly women and those that are directly affected by the war.
The presentations were engaged in careful analysis of the historical, geo-political, military, social, environmental, and economic roots of the conflict, and reflect on the contemporary realities that shape the experiences of those living in the region.   Importantly, as several of the presentations will attest to, formidable pre-existing, as well as newly formed multi-regional and multi-ethnic movements and civil society organizations have organized themselves in Sudan around the issue of Darfur.
This often neglected development is but one indication that if solutions to the conflict are to be found they must be developed in dialogue with ongoing internal efforts to deal with the range of issues that have given rise not only to the situation in Darfur, but also to the larger interlocking political crisis in Sudan.  In order to facilitate dialogue across disciplinary and occupational boundaries, this conference bring together leading scholars, civil society members, and activists who are involved in proactively addressing the situation in Darfur and in Sudan more generally. 

Cattle as classmates?

By Addis Mulugeta

Among Ethiopia’s growing number of education establishments is the Jinka Technical and Vocational Institute which offers its opportunities to the 17 ethnic groups in South Omo, contributing to minimizing unemployment in the region. The institute is not your typical technical and vocational school, as it is rather equally shared with cattle and students.
Institute Director, Workneh Haile Mariam, stated to Capital that the Jinka Technical and Vocational Institute has been facing a number of problems right from its establishment in 2003. It does not have fence-work to separate its premises, leading to invasion by herds. There is no library to study in as well as machineries for construction and woodwork classes. Workneh also cites the absence of ICT and network and the lack of class rooms. The institution boasts a single pickup truck for a staff service, which is also used by the Zone Secretary for transport to Awassa on official business.
Workneh said that the institution had been giving 10+1 accounting, secretarial science, and information technology courses from 2003 to 2006, before the program was upgraded to 10+2 including the extension program. This year, the regional government has allocated 64,550 Sq Mt of land to enhance the institute’s capacity. The number of students, just 73 in 2003 has reached 407.
Due to the absence of a fence, cattle and non-institute people walk across the campus during classes. Freshman, Sintayehu Mikyas, who studies general electricity, says that lecturers teach courses based entirely on theory because of lack of teaching aids. Other fellow students, Kebrom Adhanu, Endalk Menday and Yeftusera Ashagra also lamented this particular problem in an exclusive interview with Capital. However, the institute lends books to students by photocopying from sister institutes in Awassa and Arbaminch.

Music concert for the first cancer hospital

By Muluken Yewondwossen

The Life’s Second Chance Foundation (TLSCF) and Serawit Multimedia Productions will facilitate a music concert titled “Tena Yestelegn” on Saturday March 1, 2008, at Millennium Hall. This was stated by the coordinators of the concert at a press conference held on February 20, 2008 at Sheraton Hotel.
According to the coordinators, the purpose of the concert is to collect funds for the construction work of a cancer referral hospital that will be built in Sheno town eighty km from Addis Ababa. “Our main aim is to create awareness about cancer problems in Ethiopia and to initiate society to participate in the construction work of this hospital,” Dr Alemayehu Tegene, country chair of Life’s Second Chance Foundation, said at the press conference.
Serawit Fikre, managing director and owner of Serawit Multimedia Production, said, “We expect to collect 1.2 mln ETB from this music concert,” adding that on this program famed singers and comedians will be performing. Serawit told Capital that for this concert program, Sheik Mohamed al Amoudi has offered the Millennium Hall free of charge.
“The regular entrance fee is one hundred ETB and two hundred ETB for VIP seats;” Serawit stated, stressing that cancer is an issue that needs more attention in our country.
“We obtained the plot for the hospital lease free from Oromia Regional State,” Belaynesh Wubshet, board member of the Foundation stated and commended the support of the Ministries of Health and Foreign Affairs to realize this project.
The hospital project lies on 68 hectares and will cost 130 mln USD.
According to Belaynesh, the 400 bed referral hospital will be completed in two years and include a health center and research and training institutions that related on cancer disease. It is expected to treat five hundred cancer patients per a day.
“After two years we will increase the intake number and raise beds to 700,” Alemayehu said. He added that, the hospital will address seventy percent of the demand. From 20-30 percent of patients may come from other African countries.
According to studies 65,000-115,000 new cancer cases are detected yearly, increasing by 5% annually. Tikur Anbesa Hospital can treat only 500 patients a year. Cancer kills twice the number of people than HIV AIDS in Africa.
The Life’s Second Chance Foundation is established by Ethiopian born US citizen Wossene Bowlor, who was herself diagnosed with cancer in 2005. The following year the foundation opened its Africa branch in Addis Ababa.

GTZ launches 12 pilot projects on social accountability

By Addis Mulugeta

GTZ launched 12 pilot projects on social accountability in 100 Woredas on Thursday, February 21, 2008.
The Ethiopian Social Accountability Program (ESAP) gives voice to the needs and concerns of Ethiopia’s poor regarding access to basic services. ‘Civil society organizations are the key facilitator of the program to bring the poor in to dialogue between community members and service provider about education, water, sanitation and agriculture extension for this pilot project,’ said Director Protection of Basic Service/ Social Accountability program for GTZ, Gerhard Mai during the launch ceremony held at the Event Hall of GTZ.
Mr. Gerhard stated that to strengthen citizens voices the GTZ, as the management agent launched 12 social accountability projects in 100 Woredas of the country implemented by two locally based Civil Society Organizations (CSO), namely Zema Setoch Lefitih and Initiative Africa, both indigenous civil service organization. The projects demonstrated the feasibility and appropriateness of applying these tools in the country. This experience has inspired other CSOs and leading the way forward for social accountability, says the Director.
Lideta sub-city is one of the project areas where water and sanitation are the main issues of the community. Zema Setoch Lefitih is helping address these problems concerning social accountability. It has trained 16 community facilitators under the concept of social accountability as a tool, including community mobilization. The facilitator in turn recruited a total of 800 people, 100 from eight different kebeles, representing a cross section of residents, Mr. Gerhard added.
One of the beneficiaries from Zema Setoch Lefitih Association, Senayet Zenawi commended that regarding social accountability, not only the government departments are accountable to social responsibility but the community members including her should be responsible to facilitate these pilot projects.
Initiative Africa is another CSO that facilities social accountability and focuses on the city of Debre Berhan. It used social accountability as tools to start up dialogue between policymakers, service providers and citizens about budgeting for primary education. They focused on helping ordinary citizens understand the budget allocation process, including budget monitoring and literacy.
These pilot projects cover almost all parts of Ethiopia except Afar region.
GTZ, working with partner organizations, has awarded grants for about 12 leading CSOs to alleviate poverty from Ethiopia: Jerusalem Children and Community Development Organization, IIU Women and Children Integrated Development Association, Oromia Development Association, Zema Setoch Lefitih, Rift Valley Children and Women Development Association, Derash Relief and Development Association, Relief Society of Tigray, Amhara Development Association, Facilitator for Change Ethiopia, Women’s Association of Tigray, Ethiopian Interfaith Forum for Development Dialogue and Action and Action for Self Reliance Organization.

Austrian business delegation confers with Ethiopian counterparts

By Kirubel Tadesse

An Austrian business delegation led by Josef Mayer, Vice Minister of the Austrian Federal Ministry of Economy and Labor, held discussions with Ethiopian business persons at Sheraton Addis on Thursday February 21, 2008.
The Austrian business delegation comprises of eight company representatives which are members of the Austrian Federal Economic Chamber; the legal representative of the entire Austrian business community which lists some 400,000 businesses.
The visiting business delegation accompanied their President Dr. Heinz Fischer, Federal President of the Republic of Austria, who came on a short visit to Ethiopia from 21 to 22nd February, 2008.
In the forum organized by the Austrian Embassy and Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA), a large number of local business representatives have participated.
Getachew Ayenew, ECCSA President, said that the two countries have long standing and ever growing economic ties. Getachew explained to the business delegation that ECCSA represents one hundred thousand businesses and the members are rallying behind the apex national association voluntarily. Membership is compulsory in the Austrian Federal Economic Chamber. Getachew pointed out that Ethiopia has put in place a liberal investment code and a range of attractive incentive packages for foreign investors.
Vice Minister Josef Mayer on his part expressed hope that the forum enables to further strengthen economic ties of the two countries and creates opportunities for new partnerships.
The Austrian delegation included Alfred Vesely Timber-Export, one of the leading Austrian suppliers of timber to the Middle East, North Africa, and East Africa, Austrian Power and Environmental Technology (APET) and Geosat Technology limited which is engaged in defining oil and gas bearing deposits on the basis of satellite images and Geodata. Each of the eight company representatives explained their company’s line of business and interest. The local business representative, from whom some already have business ties as they import timber from Austria, expressed their line of business and what kind of partnership they seek.
Tsegaye Abebe, President of the Ethiopian Horticulture and Flower Growers and Exporters Association (EHFGEA), and a flower grower, pointed out that Austria buys Ethiopian flowers from other markets which can be possibly replaced with a direct business line in partnership with one of the interested members of the delegation.
After the brief introduction of each company, the forum went on with individual discussions prepared for the respective company with an interested partner.

Second regional Nile Day celebrated

By Muluken Yewondwossen

The second regional Nile Day was celebrated on February 22, 2008 at Addis Ababa’s United Nations Economic Commission for Africa (ECA) hall in the presence of Girma Wolde Giorgis, President of Ethiopia, regional delegations, diplomats and international donors under the theme “Cooperation on the Nile: sustaining our life, our future.”
On the occasion President Girma said, “I believe that no single riparian nation can claim to ensure the sustainability of the Nile individually, such that outside the framework of regional cooperation. It is also true that any nation has the potential to inflict untold damage and setback if it chooses not to cooperate. Hence, when it comes to cooperation on the Nile, size and strength matter least: all nations are equally relevant, equally important. All have roles to play,”
Asfaw Dingamo, Ministry of Water Resources, on his part said, “We still have a long road to traverse. We need to further deepen and broaden the cooperation process by being expedient in concluding the cooperative legal and institutional framework agreement which is critical to set up a permanent institution, which NBI is not.”
According to Audace Ndayizeye, executive director of the Nile Basin Initiative (NBI), high expectations have been created by NBI programs and projects, and to meet the expectations and sustain the trust and confidence so far attained, adequate funding is required for investment projects.
“The institutional transformation from the transitional organization (NBI) to a river basin commission requires stable and adequate funding,” he added.
Maria Mutagamba, Minister of Water Resources of Uganda stated, “Through the initiative, the Nile Basin governments have made great strides in trust and capacity building, preparation of joint investment projects at sub basin level, and in addition, pursued negotiations for the establishment of a Nile Basin permanent cooperative institution.”
In related news, the Ethiopian Nile Basin Discourse Forum organized a panel discussion as part of the commemoration of Nile Day, under the title “cooperation on the Nile: processes, successes and challenges,” on February 20, 2008, at Addis Ababa University Culture Hall.


First women entrepreneurs’ directory published

By Muluken Yewondwossen

The International Labour Organization (ILO) - Irish Aid Partnership Program has launched the first comprehensive membership directory of five major women entrepreneurs’ associations (WEAs) in Ethiopia, with practical information on more than 4,500 women entrepreneurs on February 21, 2008, at Ethiopian Chamber of Commerce.
“We have been working to realize this membership directory from March 2007 and had it published at a cost of USD 40,000,” Dereje Alemu, national program coordinator, ILO Irish Aid Partnership Program, told Capital.
“The main objective of the directory is to better connect the business community with women entrepreneurs through the supply of key market information,” he added.
According to Dereje, the directory and the development of WEAs databases will positively impact and enhance the capacity of WEAs to identify the actual needs, prepare strategic and targeted plans and design and deliver services specific to their members
The membership directory, which was prepared by the ILO-Irish Aid Partnership Program financed by Irish Aid in Ethiopia, details easy-to-use listings on women entrepreneurs associations based in Adama, Addis Ababa, Amhara, Mekele and the Southern Region.
“Research carried out by the ILO-Irish Aid Partnership Programme consistently shows that women entrepreneurs have less accesses to business information and networks than men; this in turn can lead to limited knowledge of market opportunities and thus lower levels of growth and employment,” Alice Ouedraogo, ILO Director for Sub-Regional office in Eastern Africa, said on the launching ceremony.
“The directory and the support offered to women entrepreneur associations reflects the ILO’s commitment to promoting equal opportunities for women to engage self employment and create decent jobs for themselves and others,” she added.
The Directory will also promote targeted interventions by and for WEAs through private sector and government initiatives using improved member profiles and availability of up to date information.
This new directory promotes networking opportunities for greater market access by Women Entrepreneurs Associations Members in Ethiopia. During the launch, free added-value and informative membership directories as well as related CD-ROMs were presented by the respective ILO-supported Women Entrepreneurs Associations.
Major stakeholders and other partners of the ILO Irish Aid Partnership Program, representatives of the private sector, NGOs, donor community in Addis Ababa and women entrepreneurs took also part to the half day event.

Professional accountancy
said vital for economic growth

By Groum Abate

The recruitment, development and retention of finance professionals is a growing challenge for organisations because the accounting profession is changing rapidly, global research from the Association of Chartered Certified Accountants (ACCA) reveals.
ACCA’s research report “A changing profession? The evolution of accounting roles, skills and career aspirations”, sought the opinions of more than 2,500 ACCA qualified accountants in 50 countries around the world.
The findings reveal a shifting profession, where new roles and skills are needed, and where the aspirations of accountants are becoming much more ambitious, particularly in emerging economies.
The report also confirms that more regulation and an increasingly complex business environment are changing accountants’ roles and skills, making their work much more technically demanding, but also making them strategically important to the performance of businesses.
These changes are compounded by a number of issues from perceived deficiencies in the softer skills held by many accountants -such as personal effectiveness and people skills; supply shortages into the profession, and a much more fluid marketplace for accountants’ services, resulting in recruitment, development and retention problems for many organizations employing accountants.
Jamie Lyon, Senior Manager at ACCA and presenter of the report, says “from an individual’s perspective, this is a good time to be a qualified accountant. The career aspirations of finance professionals are growing, but as roles and skills are evolving in response to a changing business environment and increased regulation; it would appear organizations are struggling to find individuals with the skills required.
He added that coupled with natural demographic shortages in certain markets such as Europe, parts of Asia and North America, and increased competition for candidates from external professions and sectors, these changes are creating a huge strain on the recruitment development and retention processes of many organizations.
The findings reveal that finance roles are changing 82% of respondents agreed that the roles finance professionals were undertaking were becoming more strategic and 72% of respondents agreed that their own role was becoming more technically demanding.
Furthermore a war for specialist talent will continue to develop -key areas of growth across both the corporate and public sector were identified as risk management and financial analysis. In public practice, tax, assurance and corporate finance services will continue to offer the most career opportunities.
Thirdly the finding reveals that, there is a skills gap between the skills organizations need and those held by finance professionals -this deficit was most noticeable for the wider business skills many finance roles are requiring and is impacting on organizational competitiveness. Many finance professionals will need to develop improved capability in technical, business and management skills.
Additionally the senior manager demanded for finance professionals to continue to grow 83% of respondents agreed that increasing globalisation was increasing the demand for finance professionals across the world and, 84% of respondents agreed that there would be a large increase in the demand for professionals in the future, particularly from emerging economies.
The finding also reveals that accountants are more mobile with less employer loyalty, and careers will increasingly cross traditional borders inside and outside of the finance function globally, half of the respondents believed it would be easy to obtain a finance role internationally and 45% agreed that they would like to pursue a career in another country at some point in the future. 70% of respondents agreed that international experience on their CV s was becoming increasingly important.
Lastly the pressure on organizational retention strategies is high organizations have to adapt retention strategies accordingly based on effective career development. 85% of respondents cited career development opportunities as a critical factor for choosing their next role. Only 59% said salary was the main consideration.
Based on the research findings, Jamie Lyon concludes that organizations need to ensure their development programs manage carefully the career aspirations of accountants, as well as responding to the new skills needed by finance professionals. Effective succession planning and the development of a very strong employee proposition will also be critical. There will be more career opportunities for finance professionals and our research suggests nearly 40% of finance professionals expect their career to develop outside of the finance field. There will also be much more movement across national borders. Consequently, the retention of finance professionals will be a critical challenge for organizations to get right, particularly in the context of an increasingly international marketplace.
Hikmet Abdella, Country manager for ACCA here in Ethiopia said that professional accountants play a vital role in sustaining the current economic growth of the country as their skills and training to international standards are in high demand both by large investors as well as the tax authorities, and Small Micro Enterprises.
She added that there will be a workshop for interested parties concerning the above issue in the coming months.


ERA, Keangnam sign 1.4 bln ETB road contract

By Muluken Yewondwossen

The Jimma-Mizan road upgrading project, consisting of two independent contracts; Jimma-Bonga Junction and Bonga Junction-Mizan, was signed between the Ethiopian Roads Authority (ERA) and Keangnam Enterprise on Wednesday February 20, 2008 at ERA headquarter.
ERA Human Resource and Finance manager, Gelesso Bore and general manager of Keangnam Enterprises Ethiopian Branch Office, Cho Hyun-Seung, signed the contract agreement.
The Project is located in southwest Ethiopia in SNNP and Oromia Regional States and consists of upgrading 220 kilometers from gravel to asphalt concrete. It also includes horizontal and vertical alignment upgrades improvements, rehabilitation of existing culverts and bridges and construction of new culverts and bridges.
Both contracts, expected to be completed within 34 months is financed by a loan obtained from the African Development Fund and the government of Ethiopia.
The two projects were tendered under international competitive bidding and awarded to Keangnam Enterprise Ltd. Contract 1 Jimma-Bonga junction has a price tag of 686 mln ETB and contract 2; Bonga Junction-Mizan is valued 742 mln ETB.
The supervising consultant for contract 1 is LEA Canada in joint venture with LEA Associates of South Asia and CORE consulting Engineers of Ethiopia, engaged for over 600,000 Euro (8.4 mln ETB) while the second contracts consultant are International Consultants and Technocrats (ICT) plc, in association with Transcom Technologies Ethiopia and International Consultants and Technocrats Ethiopia plc (sub contract) for 720,000 USD (10 mln ETB.)
“Putting our experience into practice, and in order to save precious contract time, immediately after the opening of the tender amount for Jimma-Mizan and before the signing of the contract, we took the risk upon ourselves and ordered more than 400 items of equipment,” stated Cho at the signing ceremony. “From these items more than 150 are en route,” he added. Cho said, Keangnam has mobilized highly experienced personnel to the site and started the preliminary works.
“This area has high potential in coffee and tea so, the project is important to the country,” Gelesso said on his part. According to Gelesso, his Authority has plans to link the road to Southern Sudan.


BOMAG eyes Ethiopian market

By Groum Abate

Recognized as the worldwide compaction equipment leader, Bomag, part of the Fayat Group, has introduced Road Division Products for interested parties at a seminar held at the Hilton Hotel.
Bomag gave a seminar on basics of compaction of soil and asphalt, stabilization, and other factors on compaction process as well as detailed description of its machineries comparing it with other machineries with similar capacity. Officials of the organization also said that their products are at work in every climate and in every application. They said that products range from vibratory tampers and plate compactors to recycling equipment and landfill compactors.
The officials of Bomag also clarified features of hand-held vibratory tampers, single direction and reversible plate compactors, single and double drum walk-behind rollers, trench compactors and single and tandem ride-on rollers.
Bomag has the largest line of the finest compaction equipment in the world.
According to the official website of Bomag, from an original headcount of less than 20 people, the Bomag organization is now more than 1500 strong. Boppard, Germany serves as the European headquarters of the world’s leading compaction manufacturer. Bomag has also major manufacturing plants in Europe, North America, Asia and a growing number of subsidiary companies around the world.
Orbis Trading and Technical Center, which is a reputed dealership for Mercedes Benz automobiles represents Bomag in Ethiopia.

DKT’s first phase Wise-Up condom use completed

By Groum Abate

DKT Ethiopia, in collaboration with Timret Le Hiwot, Nikat Women Association and HIV/AIDS Prevention Control Office celebrated its first phase, 100% Condom Access and Use Campaign under its existing Wise Up campaign.
The campaign was successful in encouraging the response to HIV in Ethiopia by working to reduce HIV and sexually transmitted diseases among sex workers and their clients. Information were made available and condoms distributed to sex workers who work in bars, hotels as well as the staff and clients of the establishments, and resource centers were set up for support and counseling.
The project includes the provision of proper sexual and reproductive health services, medications, and high quality counseling linked to HIV and sexually transmitted infection testing with informed consent, social and psychological support and increased economic options to support women to stop selling sex or be less dependent on it.
The Wise Up project has mobilized current and former sex workers to develop and disseminate resources and to provide training and support in its first phase.
Wise Up is a project initiated by DKT Ethiopia aiming to empower high risk groups, particularly female sex workers and their gate keepers by consistent education programmers on Reproductive Health and related issues.


DNA links humanity to one common origin: Ethiopia

By our staff reporter

According to the latest studies on human diversity, scientists identified that sub-Saharan Africa is the place where the human migration phenomenon began 100,000 years ago, when a small group of humans headed for North Africa and Middle East, and kept on going ever since, reaching the farthest continents of Americas and Australia.
Up until this point, theories on a global migration with an African starting point have been circulating, but none of them brought the arguments and evidence this study did on the topic. “It’s like looking back at the earth with a telescope a thousand times more powerful than what you had before,” said Richard Myers from Stanford University school of Medicine, the journal Science reports.
Two studies have already been published in the journals Science and Nature on the patterns of genetic mutations and human diversity, and based on the similar DNA samples, proved one common conclusion: the modern human left Africa, Ethiopia to be more precise, traversed Central Asia and continued heading east and west to Europe, Asia and Americas.
Another genetic study, similar to the other two and published in the journal Nature, concluded that after the African migration, the newly settled European population started losing its genetic diversity and at the same time, while continuing to expand on the continent, they started accumulating a series of genetic mutations before older ones, with potentially negative impacts, have had the chance to wear out.
What was very surprising was that many of the groups thought to have one well established origin actually presented traces to several continents. This was the case of the Bedouins in the Middle East, who were traced back to Europe and Pakistan, or the Yakut population, who should have the most similarities with the Siberians, but actually relate to East Asia, Europe and American Indians.
The conclusion draw attention to the fact that we are much more related than we think we are, curiously enough, to people on different parts of the world, more than we are to people around us. “A huge amount of our genomes are the same across the world, and that helps to argue against racism in my view,” Myers said the journal Nature.


UA to offer classes on disaster management

By Groum Abate

Researchers from the University of Arizona (UA) have received a three-year, 200,000 dollars grant to aid in famine disaster management.
The UA has teamed with Bahir Dar University to build a center of excellence and create a new master’s curriculum in disaster risk management in Ethiopia.
The program will train 15 students through distance learning and provide them skills for disaster management as well as earning Masters Degrees from Bahir Dar University. Four of the 15 students are UA professors and three are Ph.D. candidates.
The center will offer short courses on disaster management and offer certificates of completion to participants.
The program aims to strengthen Ethiopia’s infrastructure and make Bahir Dar a leader in disaster prevention and risk management.
The curriculum is four semesters with a 30 credit hour graduate program.
“The students will use an online portal and do their learning on the web. The project team will be in Arizona most of the time.” said John Magistro, project coordinator.
He also said during the students’ third year in the program they will spend 60 days in Arizona doing intensive program preparation.
Tim Finan and John Magistro from the Bureau of Applied Research in Anthropology, Muluneh Yitayew from the agriculture and biosystems engineering department, Lezlie Moriniere from the Office of Arid Lands Studies, along with two private sector partners make up the team for this program.
Muluneh Yitayew, co-principal investigator for the program and a professor in the agriculture and biosystems engineering department, is helping to develop the curriculum on disaster risk management and sustainable development.
“I think the program is something very worthwhile for the country because you see a lot of famine disasters in Ethiopia,” Yitayew said.
TANGO International, a consulting firm in Tucson that works with non-governmental organizations, and Ferguson Lynch, a consulting firm in New Mexico has joined the UA to help with the project.
The UA will be working with the Disaster Risk Management and Sustainable Development Center at BDU.


LG to launch TV that ‘thinks’

By Groum Abate

LG Electronics is to launch a new TV that allows the viewer to pause, record, and replay programs and that is expected to revolutionize viewership trends in Ethiopia especially by enabling people to take forward viewing of important and favorite programs. The TV has been developed by LG Electronics.
LG Electronics regional officials pledged the firm’s commitment towards revolutionizing TV viewing in the wider Eastern Africa region before the 2010 World Cup in South Africa.
LG Electronics has already launched in the Kenya market the new TV sets. The new set also has a one-touch commercial skip feature enabling users to block out unwanted commercials with the touch of a button. The unit also boasts of continuous automatic recording in one-hour intervals. Its initial market target is the upper class. LG has 30 per cent share of the TV market in the Eastern Africa region, with Sudan as a leader. The electronic firm will be launching similar TV sets in Tanzania, Uganda, Sudan, Zambia, Seychelles, Djibouti, Rwanda and Burundi within the first quarter of 2008.
In the wider region, LG expect TV sales increase of 20 per cent.
The LG’s ‘Time Machine’ LCD TV’s are the world’s first televisions to come equipped with a built-in Digital Video Recorder (DVR). The TV set has a built-in 80GB hard drive that can store up to 40 hours of digital standard-definition programming, eliminating the need for external storage devices. It also offers sharpness enhancement and 3D noise reduction, with a sound system that delivers cinematic surround sound. LG currently occupies the number one spot for LCD and plasma TVs in the Middle East and Africa, with a combined market share of 40 per cent.