First Car Assembly Plant Inaugurated in Jigjiga, Somali Region of Ethiopia

Addis Ababa: The first car assembly plant with cost of 250 million Birr inaugurated in Jigjiga, Somali Region of Ethiopia today.

The car assembly factory has the capacity to assemble up to 10 cars per day, it was indicated.

Speaking at the inaugural ceremony, Somali State Chief Administrator Mustafe Mohamed said the private sector’s contribution to the economy of the region is increasing from year to year.

This is one among 300 industries (small, medium and large) that are creating jobs in the region in the last 6 years, he elaborated.

Mustefe elaborated that investment activities that benefit the entire country will be strengthened by using the region’s natural resources and suitable trade routes.

He noted that such investment projects not only save foreign currency expenses, but also create employment opportunities for citizens, reiterating the state government will continue to support the private sector.

The owner of the factory, Abdinur Hussain said that the factory has created more than 100 jobs.

He announced plan to create more production capacity and wide employment opportunities by carrying out further expansion works.

Source: Ethiopian News Agency

Ethiopia Stresses Need for Policy Shifting, Infrastructure Dev’t in Africa Aviation Sector

Addis Ababa: The Ethiopian government has been seeking to facilitate policy changes for a better infrastructure development and enhanced training capacities as well as human resource development in the African aviation sector, Minister of Transport and Logistics, Alemu Sime said.

The 12th Aviation Stakeholders Convention and Africa’s 1st Safety and Operations Summit is convening in Addis Ababa.

In his opening remarks today, the minister said the Ethiopian government realized the great economic value of air transport as a catalyst for driving the country’s economy forward.

Ethiopian Airlines Group, in particular, is considered as a vital institute that bears a profound responsibility in facilitating the seamless movement of people and goods.

‘It is on account of this undeniable reality that the Ethiopian Government has consistently and comprehensively extended its support to the Airlines, ensuring that all requisite and types of assistance are effectively provided.’

Hence, Alemu expressed his appreciation
for the remarkable achievements of Ethiopian Airlines Group and its dedicated employees.

According to him, the Airlines is known for its outstanding contributions in establishing a robust transportation infrastructure that serves millions of passengers, particularly fellow Africans.

Thus, it deserves the highest recognition.

These challenges have been also widely seen in the African aviation industry such as lack of infrastructure development, traffic rights restrictions, shortage of training facilities, and human resource development.

Furthermore, it is worth mentioning for the necessity of policy amendments and bilateral discussions, making them beyond the purview of airlines to solve independently, the minister underlined.

Acknowledging the complexity of those issues in the aviation sector, the minister underlined the need for having a collaborative approach.

In this regard, he also reaffirmed the commitment of the Ethiopian government to working with other African governments.

‘By fostering coopera
tion and undertaking joint initiatives, the Ethiopian government seeks to facilitate policy changes, promote infrastructure development, enhance training capacities, and support human resource development in the African aviation sector,’ the minister added.

He further stated that through these concerted efforts, the government aspires to enable the growth and success of African airlines while addressing the unique challenges they encounter.

Ethiopian Airlines Group CEO, Mesfin Tasew said, ‘Your presence here today is a testament to your commitment to advancing the aviation industry and shaping its future, particularly in Africa.’

Mesifin described the African aviation industry which has remained weak, fragmented and is unable to deliver the desired results of the continent’s ambition particularly, in accelerating the intra Africa air transport services.

To this end, the CEO urged African governments to deliver on their commitments for the expansion of intra Africa connectivity.

‘We need to continue urgin
g African governments to make a practical move for the expansion of intra Africa connectivity by implementing certain initiatives. Thus, this would accelerate the socioeconomic integration of the continent as aspired by African heads of states,’ he urged.

The CEO elaborated that African airlines need to have better access to grow their foreign currency in order to pay bank loans, aircraft discharges, to buy spare parts and pay for repair services.

African Airlines Association (AFRAA) Secretary General Abdérahmane Berthé said on his part only 10 percent of African citizens can afford air transport.

For him, this aviation industry demands considerable room and adequate investment for growth in addition to the policies at the political level.

Source: Ethiopian News Agency

PM Abiy Instructs For Swift Completion of Water, Road Projects in Gondar to Benefit People

Addis Ababa: Prime Minister Abiy Ahmed has directed officials to expedite the completion of ongoing water and road projects in Gondar city of Amhara Region to benefit the public residing in the areas.

Prime Minister Abiy convened with Federal leadership this morning to receive updates on project statuses in the Gondar city of the Amhara region.

The projects include the Megech Dam, Gondar Drinking Water and the Azezzo-Gondar Asphalt Road.

Irrigation and Lowland Area Minister, Aisha Mohamed, Water and Energy Minister Habtamu Itefa, and Ethiopian Roads Administration Director-General Mohamed Abdurahman, presented the projects’ implementation report today.

Irrigation and Lowland Area Minister, Aisha Mohamed on the occasion acknowledged past challenges regarding the Megech Dam project stating that the project was launched several years ago without the adequate feasibility study.

She also stated that a landslide during the construction process has been the other reason which delayed the performance.

The Minis
ter assured that corrective measures have been taken to address the problem encountered following the landslide.

Water and Energy Minister, Habtamu Itefa explained that while three deep water wells were drilled to supply the water to the residents of Gondar city until the dam project is completed, but the service was not provided due to the delays in the water transmission line design.

The minister confirmed ongoing current collaboration with the Amhara regional government to resolve the issue.

Ethiopian Roads Administration Director-General, Mohamed Abdurahman reported that the construction of the Azezzo-Gondar Asphalt Road project is at 60.8 percent.

Therefore, work is carrying out to complete the remaining work of the road project in the coming few months, he said.

Prime Minister Abiy Ahmed noted the economic burden this government inherited from the previous regime.

The government is repaying the debts and also carrying out several activities to mitigate the challenges of stalled projects, he pointe
d out.

The Megech Dam Project, whose was construction was commenced 15 years ago, is part of this burden.

He stressed that the management should work more diligently by bringing this into awareness.

The Prime Minister pledged government support for the project’s swift completion, including securing a competent contractor and close monitoring throughout the construction.

He also instructed the Water and Energy Ministry to collaborate with the Amhara regional government to swiftly complete the deep water well projects in Gondar and make them ready for service. .

Additionally, Abiy directed the immediate completion of the Azezo-Gondar Asphalt Road project.

The Prime Minister finally emphasized the need for enhanced supervision, involving regional government engagement, and urged community members to safeguard peace to facilitate the finalization of vital public infrastructure.

Source: Ethiopian News Agency

Ethiopia Stresses Need for Policy Shifting, Promoting Infrastructure Dev’t in Africa Aviation Sector

Addis Ababa: The Ethiopian government has been seeking to facilitate policy changes for a better infrastructure development and enhanced training capacities as well as human resource development in the African aviation sector, said Minister of Transport and Logistics, Alemu Sime.

The 12th Aviation Stakeholders Convention and Africa’s 1st Safety and Operations Summit is convening in Addis Ababa.

In his opening remarks today, the minister said the Ethiopian government realizes the great economic value of air transport as a catalyst for driving the country’s economy forward.

Ethiopian Airlines Group, in particular, is considered as a vital institute that bears a profound responsibility in facilitating the seamless movement of people and goods.

“It is on account of this undeniable reality that the Ethiopian Government has consistently and comprehensively extended its support to the Airlines, ensuring that all requisite and types of assistance are effectively provided.”

Hence, he expressed his appreciation fo
r the remarkable achievements of Ethiopian Airlines Group and its dedicated employees.

According to him, the group is known for its outstanding contributions in establishing a robust transportation infrastructure that serves millions of passengers, particularly fellow Africans.

Thus, Ethiopian Airlines Group deserves the highest recognition.

In this regard, Alemu elaborated Minister of Transport and Logistics has played a significant role in the aviation and air transport sectors, in conjunction with its home-grown airline, the national flag carrier.

However, throughout this journey, the air transport sector has encountered a wide range of challenges that are inherent to the global aviation landscape.

These challenges have been also widely seen in the African aviation industry such as lack of infrastructure development, traffic rights restrictions, shortage of training facilities, and human resource development.

Furthermore, it is worth mentioning the necessity of policy amendments and bilateral discus
sions, making them beyond the purview of airlines to solve independently, the minister underlined.

Acknowledging the complexity of those issues in the aviation sector, the minister underlined the need for having a collaborative approach. Alemu has also reaffirmed the commitment of the Ethiopian government and its willingness to work with other African governments.

“By fostering cooperation and undertaking joint initiatives, the Ethiopian government seeks to facilitate policy changes, promote infrastructure development, enhance training capacities, and support human resource development in the African aviation sector,” the minister added.

He further stated that through these concerted efforts, the government aspires to enable the growth and success of African airlines while addressing the unique challenges they encounter.

Source: Ethiopian News Agency

DBE Disburses 30 Billion Birr to Manufacturing Industries in 9 Months

Addis Ababa: The Development Bank of Ethiopia (DBE) announced that it has disbursed 30 million birr to the manufacturing industries in the past nine months.

Meanwhile, the Commercial Bank of Ethiopia has also announced that it spent 50 percent of the loans in the manufacturing industry.

This was disclosed at a panel discussion held under the theme ‘Private Investment and enabling Conditions” alongside the Made in Ethiopia Expo taking place at the Millennium Hall, in Addis Ababa.

DBE President, Yohanes Ayalew on the occasion said the bank is helping players in the sector by providing low interest loan with special attention given to the manufacturing industry.

Recalling that the bank was in heavy losses in the past, the president pointed out that the government had resolved the problem by taking bold actions.

The president mentioned that the bank is currently making a profit of 6.3 billion Birr annually.

The bank’s capital has now reached 38 billion Birr and can lend up to 9 billion Birr for one project,
he assured.

Noting that the bank approved 44 billion Birr loan in the past nine months, the president explained that 30 billion of it was given to the manufacturing sector.

According to him, disbursing this amount of loan is an indication of economic growth and that the bank has improved its overall capacity and services.

The president has further reassured the bank’s commitment towards closely supporting the manufacturing sector.

Commercial Bank of Ethiopia President, Abe Sano on his part said his bank is significantly supporting the productive manufacturing industries.

The bank has given 50 percent or 550 billion Birr of the total capital allocated for loans to this industries. From this, 90.6 percent of the loans are long-term loans.

A procedure is being prepared in which the industries that use local raw materials will be the first beneficiaries, he stated.

The bank is supporting the sector in a big way and that problems are being investigated and improvements are being made, Abe added.

Source: E
thiopian News Agency

This year’s Aviation Stakeholders Convention Kicks off in Addis Ababa

Addis Ababa: The 12th Aviation Stakeholders Convention, hosted by the Ethiopian Airlines Group kicked off in Addis Ababa today.

A two-day convention being convened under the theme: ‘Beyond connecting African aviation,’ brought together over 500 delegates from the aviation industry in Africa, Europe, Middle East, Asia and North America.

The Convention is the industry’s ideal platform to drive growth opportunities and deliberate on the developments of the African aviation industry, it was learnt.

Speaking on the occasion, Ethiopian Airlines Group CEO, Mesfin Tasew said, “Your presence here today is a testament to your commitment to advancing the aviation industry and shaping its future, particularly in Africa.”

Mesifin described the African aviation industry which has remained weak, fragmented and is unable to deliver the desired results of the continent’s ambition particularly, in accelerating the intra Africa air transport services.

To this end, the group CEO urged African governments to deliver on their
commitments for the expansion of intra Africa connectivity.

“We need to continue urging African governments to make a practical move for the expansion of intra Africa connectivity by implementing certain initiatives. Thus, this would accelerate the socioeconomic integration of the continent as aspired by African heads of states,” he urged.

Moreover, the CEO elaborated that African airlines need to have better access to grow their foreign currency in order to pay bank loans, aircraft discharges, to buy spare parts and pay for repair services.

“We do understand that several African countries have a shortage of hard currencies. Since no country can afford to stay without air connectivity, we need to urge African governments to include the aviation sector in their priority list when advocating the limited resources they have.”

Numerous existing airports infrastructures in Africa needs to upgraded and expanded and new ones need to be built for enhanced connectivity, according to Mesfin.

African Airlines Assoc
iation (AFRAA) Secretary General Abdérahmane Berthé said on his part only 10 percent of African citizens can afford air transport.

For him, this aviation industry demands considerable room and adequate investment for growth in addition to the policies at the political level.

Source: Ethiopian News Agency

Ethio-Djibouti Railways Playing Effective Role in Regional Connectivity

Addis Ababa: House of People’s Representatives Speaker Tagesse Chafo has stressed the effective and decisive role played by the Ethio-Djibouti Railways in developing the national transportation and regional connectivity.

The speaker noted that the Ethio-Djibouti Railways has effectively been supporting Ethiopia’s national transportation system that contributes to regional connectivity and national income.

‘It has not only opened up a railway corridor to the ocean but also effectively promoted industrialization and urbanization in the region along the route,’ Tagesse added.

According to him, the railway, which is part of the One Belt One Road Initiative, has become an open, comprehensive, mutually beneficial and win-win cooperative platform between Ethiopia and China.

The railway line connecting Ethiopia and Djibouti is one of the many development projects of the initiative that officially commenced both passenger and freight services in January 2018.

The speaker pointed out that the goals of the One Belt
One Road Initiative are in line with Ethiopia’s interest in achieving progress and prosperity.

‘The objectives of the Belt and Road Initiative are fully aligned with Ethiopia’s prosperity and strategic integration between the two countries.’

The Ethiopian government is focusing on five main areas of development, which are agriculture, industry, information technology, tourism and mining; and the initiative helps to enhance these by building roads, among others.

He finally stated that ‘the Ethiopian government hopes to strengthen its cooperation with China through the Belt and Road Initiative, and promote the complete implementation of this great concept.’

For his part, Transport and Logistics Minister Alemu Seme explained the railway plays in transferring economic resources and achieving regional prosperity in the region.

‘The Ethio-Djibouti Railway plays a crucial role in supporting the economic growth of Ethiopia inland region, facilitating the connectivity of resources from various locations, and enha
ncing regional prosperity.’

The successful completion and operation of Ethio-Djibouti Railways has greatly enhanced trade and strengthened close relations between the two countries, the minister noted.

‘This vital infrastructure project has contributed to facilitating effective transportation of goods, resulting in reduced costs and opened up new venus for economic growth and development in both countries.’

Recall that the China Railway Construction Corporation (CRCC) officially transferred the administrative responsibility of the Ethiopia-Djibouti Railways to the governments of Ethiopia and Djibouti in a ceremony held yesterday in Addis Ababa.

Source: Ethiopian News Agency