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Grand dinner for Addis to be held on May 19

Sheger Grand Dinner, which will gather do-gooders willing to fork five million birr for a plate to help rehabilitate rivers in the city, will be hosted on May 19 at the Hall of Atse Menelik II Palace.
The river side grand project is covering a distance of 56 kilometers from Entoto to Akaki and will be finished within three years for an estimated cost of 29 billion birr.
So far several countries and international organizations have promised to back the project by providing finance, while local and international companies are already buying the five million birr plate to be part of the historical contribution for the beautification of the capital city, Billene Seyoum, Press Secretariat of Office of the Prime Minister, told Capital.
“We expecting more in the coming few days but currently 200 plus have already registered,” she said.
The program will start at 3 pm by visiting the historical compound that was closed to the public since its establishment but when PM Abiy Ahmed came to power, he stated that, after renovation, he would open the historical Atse Menelik II Palace, which is on the same compound of the PM office and residence, to the general public and tourists.
Currently, the renovation work is ongoing and should be open to visitors around the beginning of the next Ethiopian New Year in September, 2019.
The Press Secretariat stated that exclusive tour would be facilitated for the guests at part of the 40 hectare Menelik Palace compound, which is considered as the starting point of renovation and beautification of Addis Ababa that will extend to all over the country.
“The tour would give a chance what is undertaking there and show the guests where their positional fund is going and how is valuable and historical,” she explained. According to the PM office statement the contributors name would be tagged at the river side project and their pictures will be placed on the public library that will be erected under the same project. “They (guests) are also ambassadors of the launching project,” Billene added.

Nigusu Tilahun (Photo: Anteneh Aklilu)

According to Billene, there are two schemes for raising the funds. “The one is the upcoming grand dinner, while it is also open for those who are interested in providing their support directly for the project,” she said.
For instance, the Commercial Bank of Ethiopia (CBE) announced that it has allocated half a billion birr for the project. “CBE has put its funds in two ways. It bought ten plates on the dinner and the balance 450 million birr in direct support for the project,” she explained.
Currently individuals, financial institutions, companies (local and FDI), and other interested bodies have already paid their five or more million birr to be part of the event.
Nigusu Tilahun, Press Secretariat at the PM Office, told journalists on Thursday May 9 that the goal of the project is for this and other Ethiopian cities to be clean and suitable for citizens and visitors.
“Several local and international communities appreciate the project and are providing their support. So far from abroad UNDP/UNIDO, African Development Bank, and the Italian government provide USD 1 million, USD 600,000 and five million euro respectively,” he added.
He said that the government of China has agreed to undertake the design and contribute a quarter of the project.
Currently, renovation work at the old Menelik Palace and establishing recreation parks, a zoo, a kids’ play ground area and other facilities is in progress. The coming World Economic Forum on Africa 2020 is also expected to be held in the over a century old Menelik Palace Hall.

Emirates Unveils its Pavilion for Expo 2020 Dubai

Emirates Airlines unveiled the design and visitor experience concepts of its ultramodern pavilion for the 6 month mega-event of Expo 2020 Dubai. The Emirates Pavilion’s design and visitor experience will utilise interactive technologies and design-thinking focusing on the future of commercial aviation. Emirates has already broken ground on the pavilion and construction began in March 2019.
Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive, Emirates Airline & Group said “we are incredibly proud to unveil the first details of the Emirates Pavilion, which celebrates the themes of Expo 2020 Dubai. The aim for our pavilion is very much in line with that of Expo 2020 Dubai, to stimulate connections, create experiences and foster creativity and innovation, inspiring a commitment for a better future. The forward-thinking experiences will highlight the best that is yet to come in aviation, and will be a platform to showcase how important mobility is for the world today and in the future.
“Emirates and the wider transportation ecosystem here in the UAE will play a key role in providing connectivity for a successful Expo 2020, and the economic impact of the transport, hospitality and tourism sector will contribute AED 16.4 billion to the UAE economy, underscoring the vital role these industries play in generating economic value by bringing people together and breaking down barriers.”
Reem Al Hashimy, UAE Minister of State for International Cooperation and Director General of Bureau Expo Dubai 2020 said “we are excited to be bringing the whole world together to experience this incredible mega event. For almost 170 years, World Expos have united people in a spirit of inspiration and excitement for the future, and have amazed them with innovation, culture, art, food and fun.”
“Air travel has transformed the ability of people to experience everything that the world has to offer. Expo 2020, and Emirates as our Official Airline Partner, will be bringing all of that together in one place, Dubai, in 2020. And the Emirates Pavilion will tell the incredible story of the role that air travel will continue to play in transforming mobility and shaping our futures.”
Taking place from 20 October 2020 to 10 April 2021, Expo 2020 Dubai is a must-attend event for visitors with an array of unique experiences at 190 country pavilions, and a packed entertainment programme with daily live events, parades, music and cultural festivals, inspiring talks and workshops and more. Food lovers and gourmands looking for innovative dining concepts will be able to sample cuisines from every corner of the globe, with over 200 dining experiences from casual food truck concepts to fine dining, and 34 ‘never seen’ before food concepts in Dubai.
In related development Emirates and SpiceJet have signed a Memorandum of Understanding (MoU) to enter into a reciprocal codeshare agreement, which is set to open new routes and destinations for passengers travelling between India and popular destinations across Africa, America, Europe and the Middle East.
The partnership will enable Emirates’ passengers to enjoy seamless connectivity on flights to India, leveraging SpiceJet’s strong domestic presence and adding six new destinations: Amritsar, Jaipur, Pune, Mangalore, Madurai and Calicut – to the nine existing cities in India served by Emirates. This will bolster Emirates’ already-extensive network adding a total of 67 weekly connections between Emirates’ hub in Dubai to these six fast growing destinations in India. This includes increased domestic connectivity from Emirates’ nine Indian gateways to points such as Goa, Hubli, Guwahati, Vishakhapatnam and Tuticorin which would allow for a greater variety of travel options between both Emirates and SpiceJet flights.

Chambers presents Ag Fair

The 12th Addis Chamber specialized International Agriculture and Food Trade Fair (Agrifex), and the First Medical Trade Fair organized by the Addis Ababa Chamber of Commerce and Sectoral Associations opened on Thursday at the Addis Ababa Exhibition Centre.
Getachew Regassa, Secretary General of Addis Chamber, said his association has been undertaking various trade promotional activities in the course of enacting its mandated mission of stimulating trade and investment in Ethiopia. He said that such kind of specialized fairs are part of the chamber’s activity.
A total of over 125 companies are participating in both fairs.
Mesenbet Shenkute, President of Addis Chamber, said despite the huge agricultural resources existing in the country’s, private sector investment in agriculture remains very low and is the reason why the Addis Chamber consistently promotes private business participation in agriculture and agro industries.
“In a similar manner, the pharmaceutical and medical sector is also considered one of the priority and strategic sectors that has received due attention in the government’s development plan. Ethiopia enjoys a comparative advantage in pharmaceuticals and can provide the country with substantial growth and employment,” she said.
Aynalem Nigussie, State Minister of Agriculture, said that still agriculture is at the heart of the country’s economy, contributing 45 per cent of GDP, 85 per cent of employment and 85 per cent of exports.
Aynalem said “the government recognizes the significance of such events organized by the chamber in promoting agricultural and food products and medical products of exhibitors in creating appropriate platforms for business to business linkages between local and foreign companies in facilitating knowhow and technology transfer and in promoting Ethiopia as a suitable investment destination and by so doing to enhancing the flow of Foreign Direct Investment to the sector.”

Sesame rise continues

The price of sesame seeds continues its hike in April according to reports from the Ethiopian Commodity Exchange (ECX) indicated. The average price has also increased by a record 35 percent compared with a similar period last year.
According to the monthly report of ECX, in April 19,436 tons of sesame seeds were traded for a total transaction price of 1.03 billion birr, while 70 percent of the volume and 72 percent of the value was secured from the seeds from the product of Hummera/Gonder type.
The report indicated that the product has also reduced by 26 percent and 19 percent of volume and value respectively, the price has been shooting up compared with a performance a month ago.
During the stated period even though the volume and value of the product has been reduced the price has been boosted by 11 percent compared with the trading in March. The seed price in March 2019 has increased by 12.04 percent compared with March 2018.
Comparing with a similar period of April 2018 and this April volume and value of sesame seeds has increased by 81 percent and 140 percent respectively. The figure indicates that both the traded volume and particularly the price registered sharp increase compared with a year ago. The report has also added that the average price of sesame seeds has increased by 35 percent compared with April 2018.
In February the price of sesame seeds has gone up by 12.9 percent compared with the preceding month.
The trend indicates that the increase in April compared with the same period in the preceding year is much higher that the performance of the previous two months.
In the past couple of weeks the price of sesame seeds has gone up daily on the trading floor that is concerning several actors in the sector, who expressed their confusion that the price at the local market escalated with no change on the international market.
On Friday May 3 the trading hit a new record at 7,277 birr per quintal at the floor, while the maximum international price that signed in Ethiopia did not exceed USD 1,700 per ton.
Experts in the sector stated that the total cost of the seeds including FOB Djibouti reach at USD 2,655 that clearly indicate how the trading is managed on huge loss.
On this week the price has shown some decrement compared last week, while it is still the highest compared with international market.
According to the trading information held on May 8 the maximum price of the seeds was 6,643 birr per quintal.
In the past year the trading floor has also traded washed, unwashed and specialty coffee bean for export market besides the local consumption. According to ECX, over 19 thousand ton of unwashed coffee has been traded at the value of one billion birr; the washed bean volume was 1,045 tons, which targets the export market.
There were 19,004 tons of soybeans, and the recently included product that has risen significantly since it came in terms of value and volume, traded on the floor. It has changed by 11 percent and 5.5 percent in volume and value. 3,888 tons of white pea beans has been traded at a cost of 73.6 million birr.