Saturday, October 4, 2025
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RE-DO

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Qatar asks for another chance to develop prime plot

Negotiations are underway between the Ethiopian Government and Qatar Investment Authority to have another plot of land set aside so they can build a multi-purpose building in Addis Ababa.
“We are doing this to reaffirm the State of Qatar’s long-standing desire to establish strategic investment projects in Ethiopia once these opportunities are provided by the Addis Ababa City Administration,” the Qatar embassy in Addis Ababa stated.
Previously a memorandum of understanding (MoU) was signed by the leaders of a Qatari delegation led by the chairman of Ezdan Holding Group, Sheikh Khalid bin Thani bin Abdullah Al Thani, Sheikh Abdullah bin Thani Al Thani, vice chairman of Ezdan Group and Ali Mohamed Al Obaidli. Ezdan Group CEO and Diriba Kuma, then Major of Addis Ababa signed the agreement back in February 2017.
The project, spread over 60,000sqm of prime land, is located in the heart of Addis Ababa near Guenet Hotel, was expected to be the site of a five-star hotel in addition to other key facilities including a convention center, a tower of hotel apartments and offices, a shopping complex with many retail outlets, modern restaurants, and cafes.
However, that project was delayed so long the city took back the land to its land bank. In March of this year, Ezdan and a delegation from the Qatar Investment Authority asked for the re-allocation of the same plot of land to implement the same project; nevertheless, the request was turned down by the Addis Ababa City Administration which stated at the time that the plot of land had been given to another foreign investing company. They offered them another plot far from the city center.
The statement from the Embassy sent to Capital adds “the State of Qatar is enthusiastic to consolidate bilateral economic relations and cooperation with the Government of the Federal Democratic Republic of Ethiopia, and create investment opportunities that support economic growth and job creation.”
Qatar Embassy in Addis Ababa, confirmed that negotiations are underway between the Ethiopian Government and Qatar Investment Authority in a bid to reaffirming the State of Qatar’s long-standing desire to establish strategic investment projects in Ethiopia.
Although the city administration took over land from Ezdan private share company, the land is still undeveloped and no disclosed information has been given by the city administration so far.
Capital’s repeated attempts to obtain a response from city officials failed.

MODERN FINANCE ON THE ROPE

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As we never tire of repeating; ‘fractional reserve banking’ anchored on fiat currency is the worst non-violent crime of the millennium. Understandably, this conclusion of ours might not be acceptable within the circle of modern bankers. After all, bankers make their living by killing others, literally! Remember the old adage: ‘all wars are bankers’ wars’! In fact, it is the unbridled greed of the global banking/financial cabal that is giving impetus to the emerging system of crypto-currencies. Admittedly, the current state of crypto-currencies leaves a lot to be desired. Even though cryptos themselves are not based on something tangible, what absolves their ‘fiat-ness’ is the fact that their volume is fixed and determined a priori, i.e., they cannot be inflated at whim, by anyone! For example there are only 21 million ‘Bitcoins’ available in the world and that is for eternity, so to speak!
Cryptos appeal to the youth and the vanguards. As it stands, the block-chain technology that underlies cryptos is unwieldy and energy intensive, hence need to be significantly transformed before crypto-currencies and ‘smart contracts’ can be used broadly. At the same time, the blatant abuse of ‘fractional reserve banking’ by all and sundry, is bound to implode, thereby taking down the whole global financial system with it! Creating phony money to sustain the unsustainable is not only crazy, but is also a criminal act of massive proportion. When the working stiff has to sell his/her labor for a continuously devaluing currency, while the parasitic cronies of the system do nothing to acquire immense wealth, societal harmony becomes only a figment of our imagination. The continuous devaluation of a currency is the direct result of printing money out of thin air. This phony money is given freely to cronies, while it indebts the sheeple (human mass) to serfdom till thy kingdom comes! It is this phony money that is currently sustaining the crony capitalism. Something has to yield! See Bloom’s article on page 38.
Increased economic polarization is, first and foremost, the outcome of fiat based fractional reserve banking; a criminal activity pure and simple! All other excuses/reasons of polarization pale in comparison. The damages phony money is causing, both to human societies and the planet’s ecosystem, is incalculable. Banksters all over the world make sure the sheeple remains ignorant about transnational finance capital’s various criminal engagements. From the universities to state bureaucracies, from market operators to non-profit sectors, all worship the teaching and deranged ideology of modern finance, which is based on phony money. Fortunately, things have started to stir. States that are more concerned about their sheeple are quietly preparing for the inevitable implosion. Hoarding gold and other precious metals is one way of preparing for the impending calamity. To this end, the central banks of China, Russia and many others are accumulating the ‘old relic’, which still remains one of the safest commodities for storing value. See the articles next column and on page 34.
Many a sheeple cannot un-fathom the ongoing panic that is taking place in the opaque world of global financial management. The US central bank (The FED) has started to flood the global banking system, once again, with liquidity (fancy name for more paper printing). It is trying to thwart off the emerging systemic chaos in the global banking world. For a start, the ‘repo’ market is showing signs of chronic sickness. ‘Repo stands for “repurchase agreement.” It’s when a borrower sells short-term government securities overnight in exchange for cash, agreeing to repurchase the securities the next day – and return the cash.’ In other words, banks seem unwilling to lend to each other. When the going gets tough, trust between banksters becomes the first casualty. The solution proposed by the central bankers; another round of QE or Quantitative Easing! This time behind closed doors. See Bonner’s article next column. The project of awarding free and easy money to the system’s cronies will not cease until hyperinflation makes a stop to the whole nonsense. Our market fundamentalists please note; it is this phony money that is taking custody of global productive assets from the gullible, via schemes like privatization, before time runs out on it!
One thing is clear; there is no way of sustaining a fraudulent financial system without causing humongous havoc on planetary sheeple. Here is what the old advocate of honest money had to say, decades ago. ‘There is no means of avoiding the final collapse of a boom brought about by credit expansion.’ Ludwig von Mises of the Austrian school of thought. A recent commentary by one of the prominent financial analysts reverberates the farcical nature of the global financial system, which we have been hammering ad nauseam. “The hatred of the rich is, however, somewhat understandable. Why? Because so many of them became incredibly wealthy by becoming cronies and gaming the political system. Most of their money was gained through theft, not production.” Doug Casey. Good Day!

Africa must work to document its people conference stresses

Improving modern civil registration and vital statistics (CRVS) was the goal of the Fifth Conference of African Ministers Responsible for Civil Registration, held under the theme of “Innovative Civil Registration and Vital Statistics System: Foundation for Legal Identity Management” to achieve all aspects of social and economic development goals.
The conference, held for five days in Mulungushi International Conference Centre Lusaka, Zambia including the two days of ministerial meetings on October 17 and 18 emphasized countries in the continent to give attention to improve the vital events registration, which is very weak in Africa.
The CRVS system is a foundation for robust and sustainable legal identity systems in the continent. It has been also stated it is crucial for the realization a continental free trade agreement in Africa, which is part of free movement of people of the continent, since it has connection with the national ID system.
Inonge Mutukwa Wina, Vice President of Zambia, said in her opening speech on Thursday October 17 “we share a common vision, to build an integrated, prosperous and peaceful Africa, driven and managed by its own citizens and representing a dynamic force in the international arena. If you truly understand civil registration, the reality is that we cannot achieve this great African vision without counting and recording our citizens which is what civil registration really is.”
During a ministerial media briefing at the conference that opened on Monday October 14 attended by experts from member countries and international partners Zambia’s Home Affairs Minister, Stephen Kampyongo, said African countries had made progress in their institutional capacities to deliver a legal identity but added more needed to be done to address the continent’s ‘scandal of invisibility’ where half of the continent’s children are not registered at birth.
At least 1.5 billion people lack proof of legal identity the world over. Half of them are in Africa, exposing them to vulnerabilities, including lack of access to services.
Half of the children in the continent are also not registered according date revealed on the meeting.
The UN Sustainable Development Goal and Africa’s Agenda 2063 have also given attention to the vital event registration that shall contribute to tackling the challenges that the continent faces.
For instance, the 12 of the 17 goals of the SDG has motioned about the registration of the vital events that shall solve problems at 2063 targeted goals has also magnified the issue.
In her video message Vera Songwe, Executive Secretary of UN ECA This is a subject that is of crucial importance to Africa’s economic and social development, and that is at the core of the realization of our ambitions to eradicate poverty, and to achieve inclusive and sustainable development and respect human rights.
“Africa, which is home to 1.3 billion people, is faced with a critical legal identity gap, whereby many exist without being known to their governments and without any means to prove who they are,” she said.
“According to UNICEF, the births of 2 in 3 infants in Africa south of the Sahara remain unregistered, and 3 out of every 4 lack a birth certificate. It is further projected that if the current trends continue, the number of unregistered children aged below 5 in the region will soar to nearly 115 million by 2030. The World Bank complements these estimates reporting that half of the estimated 1.3 billion people that lack proof of legal identity live in Africa,” she added.
On his opening remarks of the experts meeting Oliver Chinganya, Director of the African Centre for Statistics at United Nations Economic Commission for Africa noted that civil registration was the foundation of legal identity – a universal requirement for SDG16.9 to “provide legal identity for all, including birth registration’’. He highlighted the significant progress registered on the implementation of the APAI-CRVS Program
including: (i) the operationalization of the resolutions of the Nouakchott Declaration; (ii) improved staffing levels of the ECA Secretariat and; (iii) the continental strengthened commitment to conducting comprehensive assessment of CRVS systems in Member States.
Speaking at the opening session of senior officials, Victor Harrison, AUC Commissioner for Economic Affairs stressed the importance of Civil Registration data for a functional and people-centered integration process that aims to allowing citizen to benefit from their fundamental right, improve their wee-being, promote job creation, and market expansion through trade, free movement of people and labor mobility.
He encouraged AU Member States to register all births, marriages and other vital events on their territory without discrimination and irrespective of the legal status of the individuals concerned (including refugees, internally displaced persons, stateless persons, as well as those at risk of statelessness, and migrants.
Charles L. Lufumpa, Acting Chief Economist and Vice President of African Development Bank, said that the Bank had been playing a critical role in implementing the APAI-CRVS program, which was a key part of its overall statistical capacity-building program for African countries. Noting the progress made over the past decade for the improvement of CRVS on the continent he highlighted some challenges and commended efforts by all stakeholders to create awareness and knowledge about the importance CRVS and secure national identity systems for socio-economic policy making. He stressed the need for scaling up efforts towards modernizing and digitalizing CRVS systems across Africa.
The main objectives of the conference are to identify key challenges in the implementation of the Africa Program for Accelerated Improvement (APAI) of Civil Registration and Vital Statistics at regional and national levels, reaffirm the commitment of governments and development partners to CRVS and identity management through a holistic approach that strengthens institutional mechanisms for accelerated improvement of civil registration, vital statistics and identity management systems on the continent; and to review and share best practices from African countries on CRVS and identity management system digitization processes, using appropriate information technology infrastructure and improving innovative business processes, to ensure that universal CRVS systems are interoperable with national identity management and various government functions.
The meeting has also given attention to digital identity management systems in AU member states and discusses new and emerging initiatives such as the digital identity initiative in Africa and the United Nations Legal Identity Agenda, both of which rely on a well-functioning and efficient CRVS and identity management systems.
Legal identity is established through the civil registration of a birth, a process in which the government records important biographic information about the occurrence and characteristics of birth and persons experiencing the event. This record is routinely updated with important changes in civil status, such as marriage and divorce, and is retired upon the civil registration of death and by the issuance of a death certificate.
The first ministerial meeting was held in 2010 in Addis Ababa and the fourth meeting was held Nouakchott, Mauritania in 2017.

Media council conducts first general assembly

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The Ethiopian Media Council (EMC) held its maiden general assembly after it was registered as a legal entity by the Agency for Civil Society Organizations, to discuss about how the future.
The discussion was held at the Intercontinental Hotel on October 19, 2019, in the presence of Getechew Dinku Director of Ethiopian Broadcasting Authority and representative of United Nations Development Program (UNDP).
Established with the aim of contributing to the development of professional and responsible media in Ethiopia, EMC has got registration certificate from the civil societies’ agency three months ago, after three and half years of process, according to Teguest Yilma, Chairperson of Ethiopian Media Council, who made an opening remark at the meeting.
As the number of media outlets increase and the country is set to hold general election next year, having responsible media is vital, according to Getachew Dinku.
He stated that the establishment of self-regulator media council in Ethiopia by media owners will play critical role in allowing the media outlets to provide timely, balanced and accurate information in a responsible manner.
He also urged all media outlets in Ethiopia to be member of Ethiopia’s first self-regulatory media council.
The first establishment conference was hosted by the United Nations on 12th January 2016 at the UN Conference Center.
During the council’s founding meeting, 19 founding members have signed on to the membership, now the members have increased to 29 which include public and private media outlets.