IPDC Signs Agreement With Ten Local Companies With Capital of over Eight Billion Birr

Industrial Parks Development (IPDC) Corporation signed agreements with ten local companies with a capital of more than 8.2 billion Birr to allow them to operate in the industrial parks.

CEO of the IPDC Aklilu Tadese and the representatives of the ten companies signed the agreement.

During the signing ceremony, the CEO said that the Corporation is doing lots of activities to strengthen the manufacturing sector in the country.

The agreement which is aimed at increasing the engagement of the private sector in the IPDC and encouraging local companies is a priority, he elaborated.

Moreover, the CEO added that the companies that have signed the agreement to operate in IPDC will contribute greatly in creating job opportunities for many citizens.

Five of the ten companies which signed the agreement are engaged in pharmaceuticals, which will help the country to reduce its foreign currency spending for importing pharmaceuticals, it was indicated.

Source: Ethiopian News Agency

Favorable Environment Created for Manufacturing Industry, Says PM

Prime Minister Abiy Ahmed said that Ethiopia has created an enabling environment for the manufacturing industry.

The premier opened today an expo under the theme “Let Ethiopia Produce” with the view to revitalize the country’s industry sector.

According to him, Ethiopia has got enough land, water, and adequate human resource as well as energy that supports production.

Yet the country has not fully exploited this massive potential for the manufacturing industry, he added.

The country has embarked on agricultural productivity to supply adequate inputs to the industry and the mining sector has been greatly revived and many products can be used as inputs for the industry.

Acknowledging the energy sector which has greater importance to catalyze Ethiopia’s industrialized ambition, the prime minister said that the Grand Ethiopian Renaissance Dam (GERD) is anticipated to fundamentally solve energy challenges in the country.

“One important factor for industrial development is energy. The performance of the Grand Renaissance Dam is going on in a very progressive manner and this will be a great input.”

Pointing out at the sound industrial policy Ethiopia has introduced, Abiy urged Ethiopians to unite and engage in production to permanently solve the challenges of the nation.

Industry Minister Melaku Alebel said on his part that since the launching of “Let Ethiopia Produce” movement in May 2022, some 4,000 permits have been issued to investors.

The minister added that the ‘Let Ethiopia Produce’ movement is becoming instrumental for providing continuous solutions and identifying problems that hinder the manufacturing sector in the nation’s endeavors to build a vibrant industry sector for prosperous Ethiopia.

Following the movement, encouraging results have been registered in the manufacturing sector, specially in maximizing and diversifying products, Melaku noted.

Moreover, the minister disclosed that the nation used to produce only goods. But now the machine industry sub-sector has started emerging in Ethiopia and a range of products from power tools to different types of machines are being manufactured.

He further elaborated that this is a big departure for Ethiopia and the country is going to be export today one of the tools manufactured by its evolving through machinery manufacturing. This is the first event to be recorded in our history.

Some 70 large and 54 medium industries are displaying their products and services in the five- days expo at the Millenium Hall.

Source: Ethiopian News Agency

Investors Showing Big Interest in Investing in Ethiopia’s Industrial Parks: Industrial Parks Dev’t Corporation

There are very big demands by both local and foreign investors to operate in the industrial parks constructed across the country, according to the Industrial Parks Development Corporation (IPDC).

There are eleven industrial parks and one free trade zone the corporation manages; and some ten local companies with over 8.2 billion Birr capital have signed agreements that allow them to operate in the parks.

IPDC Marketing and Communication Head, Zemen Junedin told ENA on the sidelines of the recent investment forum held in Addis Ababa that such forums are useful in promoting investment.

According to him, the corporation has been promoting the potential of the country by taking part in international exhibitions and bazaars.

In addition, “we have done a major service delivery reform and any foreign or domestic investor can get information without conditions and also support of experts,” he added.

The head further stated that companies are given high level of support and monitoring even after they entered investment.

Zemen said that industrial parks in war-torn areas are making very promising progress and cited Kombolcha as an example. There is now high demand and investment in the pipeline to enter Kombolcha Park, he added.

Regarding Mekelle Industrial Park, a technical committee has been established to evaluate and make it operational.

In view of Ethiopia’s potential in relation to agro-processing, the marketing head pointed out that there are parks like Jimma Industrial Park which focuses on the sector.

The location of the industrial park is convenient for fruits and vegetables, especially avocado and coffee, so investors are interested to invest in the park.

Jimma Industrial Park has started producing avocado oil, he noted, adding that this has created a market linkage for more than 15,000 farmers in city and its surroundings.

He further noted that Ethiopia’s parks are very modern and competitive industrial parks of international standards that offer good opportunity to both local and foreign investors.

In Ethiopia, industrial park have been established with the vision to make the country a leading manufacturing hub, and the government places high focus on industrial parks development and expansion.

Source: Ethiopian News Agency

Ethiopia Pledges to Strengthen Efforts in Ensuring Food Sovereignty of Africa

Ethiopia will consolidate its efforts towards ensuring food sovereignty in Africa by playing an exemplary role and through cooperation, Agriculture Minister Girma Amente said.

Even if 65 percent of the land mass of Africa is cultivable, the continent has not yet become food self-sufficient.

Under its 10-year perspective plan, Ethiopia is working to ensure food sovereignty and playing an inspirational role for the prosperity of Africa.

Agriculture Minister Girma Amente told ENA that Ethiopia is replicating its historic role of inspiring Africa in the fight against colonial masters to ensure their independence by the effort to ensuring continental economic freedom.

The successful journey in utilizing all the potentials in the agriculture sector can be taken as exemplary for other African countries, he noted.

Stressing that agriculture is one of the prioritized sectors in the 10-year perspective plan of the country, Girma said increasing production and productivity, input supply and modernizing the sector have been successful in the journey to realize food self-sufficiency.

According to the minster, Ethiopia used to spend up to 1 billion USD per year to import wheat. Today, however, the country has not only substituted the import but has also started exporting wheat.

Encouraging achievements have again been registered in transforming the rain-dependent agriculture of the nation with irrigation.

Girma pointed out that the changes that have been registered during the last four-five years in the sector have become useful experiences to be shared for other African countries.

Ethiopia will consolidate its collaboration towards ensuring food sovereignty in Africa by sharing its experiences in the agriculture sector, the minister stated.

The minister finally stressed that this is the time for Africa to develop its ample potential and natural resources to realize its prosperity.

Strengthening cooperation and partnership and growing together at continental level will be crucial to ensure food sovereignty, he underscored.

Source: Ethiopian News Agency

Xlimkid drops new hit labelled ‘Journey’

Fast rising Hip-hop rapper Henry Boakye famously known as ‘Xlimkid’ in the music industry has dropped a new hit titled ‘Journey’.

The song, which was dropped last month, was produced by Samsney.

It is about a young inspirational street boy, who talks about who he is, and is determined to inspire a lot of people with his story through music.

In an interview with GNA Entertainment, said he was motivated by himself, following the obstacles of life.

‘This song was made about me and to inspire everybody to never give up.’

He urged all to be who they aspire to be in the future.

‘Everybody should push through the pain till they succeed.’

He said he does not have any upcoming project, but assured fans to keep fingers crossed.

Xlimkid said the Ghanaian industry was doing great and advised the youth never to give up on their dreams, but be creative, always bring out the best in them.

Xlimkid started singing in 2021 and had gained recognition across local and international circles.

Xlimkid is a Ghanaian hip-hop rapper who discovered his musical talent at a very younger age and gained recognition for his great lyrical songs across the world.

Source: Ghana News Agency

U-23 AFCON: Ghana locked in Group A with hosts Morocco, Congo and Guinea

The Black Meteors of Ghana will face hosts Morroco, alongside Congo and Guinea in Group A of the forthcoming U-23 African Cup of Nations Tournament (AFCON) slated for June this year.

Ghana booked a qualification to the continental competition after beating Algeria in a two-leg encounter last two months.

Coach Ibrahim Tanko and his charges are one of the favourites going into the tournament after losing to Ivory Coast in the last edition in 2019.

Black Meteors would begin their campaign against Congo, before taking on Morocco in their second clash.

The final group stage match would be against Guinea as Ghana seeks to excel at the competition to book a qualification to the 2024 Summer Olympics in Paris.

The team’s best performance was in 2019, where they managed to finished fourth place.

The tournament is expected to commence from Saturday June 24, 2023, to Sunday July 8, 2023.

Source: Ghana News Agency

Boundary Commission to reinforce 80km international boundary lines in Volta

Approximately 80 kilometres of the international boundary line between Ghana and the Republic of Togo is to be reaffirmed in a joint exercise beginning May 7, this year.

Ghana and its immediate eastern neighbour are working together to reaffirm the frontier under the GIZ-African Union Border Programme.

Major General Emmanuel Kotia, the National Coordinator of the Ghana Boundary Commission, said at a joint community sensitisation event at the Kpetoe Customs Training School, said some 80km of the frontier, running from Ave Dakpa to Wli Afegame, would be reinforced.

He said all damaged, misplaced, and removed boundary pillars would be replaced during the three-week exercise to be undertaken by the Joint Land Reaffirmation Technical Committee.

The exercise is to be carried out in five districts on the border: the Akatsi North District, Agortime Ziofe District, the Ho Municipality, Ho West District, and the Afadzato South District.

The joint sensitisation would, therefore, help secure the consent and collaboration of frontier communities.

It was attended by stakeholders including traditional and political leaders from the two Republics.

Major Gen. Kotia said an estimated 60 boundary pillars would be established and new intermediary ones constructed to help communities identify the boundary lines and protect them.

He noted how the exercise had been successful along the Aflao Section of the line, and that the support of the AU and the German Corporation deserved praise.

Dr Lardja Douti, the Permanent Secretary of the Land Boundary Commission of Togo, said the two nations enjoyed binding relations and the exercise should enhance the relationship and political administration.

He said the collaboration continued to grow and both countries deserved commendation.

He asked that the border enforcement be given the needed acknowledgement.

Mr Benito Owusu-Bio, Deputy Minister of Lands and Natural Resources, said the task of protecting the boundaries was not the responsibility of the Committees alone, and that all stakeholders had a role to play, urging the communities to prioritise peace and pursue oneness.

The two nations should maintain the bonds of nationality and culture and consider the boundary as an avenue to promote economic ties, he said.

Nene Akoto Sah VII, Chief Warlord of the Agortime Traditional Area, said communities along the boundary had enjoyed peaceful coexistence as they shared common lineage, and commended the border security agencies for their forthrightness.

He said the Agortime community extended into Togo with a higher population and that security forces should help maintain the relationship, alleging that the posture of security forces of the French speaking nation affected livelihoods.

Nene Sah said cross border tourism was being disrupted by the present border regime and appealed to stakeholders to ensure that the boundary enforcement did not affect the integration of communities.

Dr Archibald Yao Letsa, Volta Regional Minister, said the Region enjoyed increased security and that the border reinforcement would enhance its attraction among both the national and the international community.

The first reaffirmation exercise in the region was undertaken in Aflao and Akanu in May, 2022.

Source: Ghana News Agency