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Joint opinion piece by Macky Sall, President of Senegal and Chairperson of the African Union, and Charles Michel, President of the European Council

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On 17 and 18 February 2022, the Heads of State or Government of the African Union and the European Union will meet for a summit in Brussels. The last AU-EU summit took place over four years ago, in November 2017, in Abidjan.

The pandemic is of course one of the reasons that so much time has passed since our last meeting. It further reinforces the exceptional dimension that both parties wish to give to this summit. The aim is nothing less than to jointly lay the foundations of a renewed partnership between our two continents, a fresh start that has been in the making for some time now. Growth, shared prosperity and stability are the main objectives of this partnership. Our summit will be based on two fundamental principles.

Respect and values

Our two continents and their peoples share geographic proximity, languages, and human and economic ties. The peace and security of our two continents are interdependent. That is why the first fundamental principle must be respect. The future requires us to accept and respect our differences.

The second fundamental principle is the rights and values of dignity, freedom and solidarity, exercised within the framework of the rule of law and good governance. On this common ground, we can learn from each other every day.

Finally, our project is based on common interests. At its heart is a prosperous, stable, secure and sustainable Africa which is fully capable of facing all the challenges of the future.

A partnership for prosperity

A partnership calls for exchange and sharing. Each of our two continents has enormous potential to contribute to this joint project.

The EU will provide public and private investment capacity, as well as expertise with the green infrastructure and technologies that are vital to our common fight against climate change and to transforming African economies.

Africa has vast natural resources, a young and dynamic population just waiting to step up, and an impressive capacity for innovation and invention.

It also needs better access to resources, including through the reallocation of special drawing rights on a voluntary basis, in order to finance its massive economic and social development requirements.

In the same vein, a debt relief initiative for poor countries should be put in place to support the resilience and recovery efforts of African countries.

We also call for a fair and just energy transition which takes Africa’s specific needs into account, in particular industrialisation and universal access to electricity. More than 600 million Africans still do not have access to electricity.

A partnership for stability

Peace and security will also be key priorities for our strengthened partnership. The threats are becoming increasingly transnational and complex. They are a problem for all of us in whatever form they take, including cyberattacks and hybrid attacks.

We must continue to address these common threats together, including in Africa, and in particular in the fight against terrorism.

We must continue working together, under the aegis of the African Union and the European Union, to better coordinate our efforts in this joint fight against a common enemy. Addressing this major challenge means beginning with the root causes, instability and radicalisation, in order to reach a long-term solution to the crises and build a real and lasting peace.

Tested by the pandemic

The pandemic has highlighted our common vulnerabilities, our interdependence, and therefore the need to act together and in concert to tackle it and to better prepare ourselves for possible future health crises. Defeating COVID-19 remains an immediate priority.

Europe has been working since the outset to organise and fund international solidarity on vaccines, in particular through the COVAX initiative. The EU and its Member States have so far provided almost 400 million doses worldwide, more than 85 % of them through COVAX.

Having delivered more than 130 million doses to Africa, the EU is one of the continent’s biggest donors. The EU is also stepping up its support for vaccine administration, since the biggest challenge of increased supply will be to put in place vaccination plans.

Going beyond solidarity on vaccine donation, a challenge that we must face together is the production of vaccines and other medical and pharmaceutical products in Africa to meet the continent’s basic needs. We welcome and support the projects already under way on the continent.

The key is to take a practical approach: identifying and addressing obstacles and barriers to delivery, storage and administration of vaccines, and, of course, accelerating the development of local vaccine production capacity in Africa, by Africa and for Africa.

Finally, we are convinced that international solidarity on pandemics and major health crises must be organised in a comprehensive, multi-sectoral and inclusive manner. We proposed and have actively promoted the idea of an international treaty on pandemics. These joint efforts by Europeans and Africans led to the World Health Assembly’s recent decision to open negotiations on a draft treaty, which is expected to be concluded in March 2024.

An arc of peace

Our world is seeing a growing threat of conflict between blocs. In the face of this disturbing trend, we are convinced that Africa and Europe can work together to bring about a better and safer world for everyone, through dialogue and cooperation with respect for one another.

It is in that spirit and with those goals that Africans and Europeans are rolling up our sleeves to work towards an exciting common future.

ESLSE provides its rate for sugar bid

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Ethiopian Shipping and Logistics Service Enterprises (ESLSE) disclosed that it has provided specific and detailed price indications prior to the opening of the 200 metric tons of sugar bid for the Ethiopian Sugar Corporation (ESC).

Prior to this, however, the sugar corporation had extended its bid opening day from the 10th of February to the sixteenth of this month, that is this Wednesday, on the basis of ESLSE’s failure to provide its indicative price to bidders.

As Capital has learned, following the request of the corporation to the shipping enterprise, ESLSE has confirmed that it has provided the necessary clarification to ESC on Saturday, February 12.

According to the information Capital obtained from ESLSE, on Monday, February 14, the enterprise has provided to the corporation its detailed price tag inclusive of considerations of different loading ports with volumes of loading.

Due to the sensitivity and confidentiality of the pricing matter, the rates were directly provided at Weyo Roba’s office, ESC CEO.

“Bidding companies had asked us the price for different volumes of cargo as well as ports of loading. From that basis, we compiled the price tags for every request which biding companies asked for,” Wondwossen Kassa (Chief), Deputy CEO for Shipping Sector at ESLSE said, adding, “however, the price offer has been directly filed to the corporation CEO as opposed to the bidding companies.”

ESLSE had initially criticized the bidding process, stating that it is supposed to be carried out as per the country procurement policy of Freight on Board (FOB). Nonetheless, in the latest sugar bid, it has considered both Cost and Freight, and FOB.

Last week, ESLSE officials said that the price was to be provided to ESC alone, as opposed to bidding companies so as to maintain the integrity of the process which benefits the country and both firms. Moreover, the enterprise officials had remarked that sharing the information with the bidders would not present any benefit whatsoever.

 

 

 

CBE inaugurates east Africa’s tallest HQ

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Commercial Bank of Ethiopia (CBE) inaugurates the nation’s tallest headquarter today in conjunction with celebrating its 80 year-diamond anniversary with the presence of the bank’s president, board members and higher government officials.
The new headquarter which has taken 5 years and 11 months to complete is said to be the tallest skyscraper in east Africa and the third tallest in Africa.
The new headquarter which was built at a cost of 303.5 million USD, china state construction engineering corporation took the construction of the building.
The bank is also known for its huge 31.4 million customer base with a huge asset pegged 1.1 trillion birr.
CBE was established in 1942, with only two branches which have now heaped to a mammoth 1,795 branches making it one of the largest bank in east Africa.
The building has 53 stories, 13 commercial floors, 11 floors for conference center. The headquarter area for public access includes exhibition area, cafeteria, sighting area, meeting halls, shopping mall, cinema, gymnasium, spa, children entertainment, restaurant and game areas, among others including parking area which has capacity to handle more than 2000 cars at a time.

ESLSE’s hesitance to offer indicative prices delays sugar bid

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The Ethiopian Sugar Corporation’s (ESC) international tender to procure 200 thousand metric tons of sugar has faced extensions owing to the failure of offering an indicative rate by the Ethiopian Shipping and Logistics Services Enterprise (ESLSE).
The state owned corporation had issued an international competitive tender on January 4 to purchase 200,000 metric tons of plantation white cane sugar, to which the deadline date for the bid was slated for Thursday February 10. However, the timeline is set to face delays owing to the state owned logistics enterprise’s failure to provide its offer to transport the cargo to the country.
As a result the bid opening date has been postponed to February 16.
Weyo Roba, CEO of ESC, whilst addressing the issue explained that the logistics giant was unable to offer its rate due to price issues which have shown high volatility at the global stage of late. He further stated that the corporation has requested a formal response from ESLSE to table its reasons for not offering an indicative price during the timeline.
“At this point I can not give any specific reason for the case since the enterprise’s response is crucial,” Weyo said, adding, “if they could not offer their rate prior to the up coming bid opening, we may put the case to the higher body to get amicable solutions.”
He told Capital that as a public enterprise the shipment is supposed to be handled by ESLSE, “due to that we have to wait for the solution.”
Regarding shipment price volatility that has been observed in the global market, Weyo reminded that in the previous similar bid which was conducted in the past budget year, ESLSE had offered its rate and within that space the international logistics price shot by 300 percent prior to transporting the cargo.
“Such kind of concern is the reason for ESLSE’s reservation. It is not a big issue and I hope we will solve the problem mutually,” the CEO explained.
Wondwossen Kassa (Chief), Deputy CEO for Shipping Sector at ESLSE, on his part said that the enterprise hesitated to offer its rate for different reasons, “initially the offer was expected to be given for ESC rather than biding companies.”
“If we give the rate for companies they would do their calculation and manipulation and submit their CFR and FOB price, which will not make us competitive,” he explained.
“Certain parameters including shipment period, shipment port, and quantity shall be specifically mentioned to offer the required and actual rate,” he added.
He told Capital that companies just asked general rates for different loading ports, “in this case we shall give indicative price that could not be put for completion and would not benefit the logistics enterprise.”
“These are our reasons for hesitating to offer the rate in this latest sugar bid,” he firmly stated.
“This is our stand. But the case shall be resolved as per the government direction,” he explained.
He recommended that the process must be carried out in such a way that bidding companies offer their price on CFR and FOB. Similarly, ESC ought to request ESLSE to offer its rate as per the parameters mentioned above.
He confirmed that the corporation asked for clarification to which ESLSE will provide its response soon.
The country annually imports up to 350,000 metric tons to address the gap. ESC is targeted to produce 413, 000 metric tons in the current budget year.
Weyo said that in the budget year the corporation planned to supply about 720,000 metric tons of sugar for consumption.
The sugar demand has been growing from time to time and it is estimated that the country’s annual sugar demand stands at 1.2 million metric tons. Thus the remaining gap is covered by other importers who have special permit from the government and those who have Franco-Valuta privileges.