Ethiopia confirms legal teff 'war' with Dutch company over patent. Ethiopia government is set for a legal battle in respect of patent rights for teff – an African grass economically important as a cereal grass. Teff, famed for yielding white flour of good quality is at the center of a patent war between the government and a Dutch company. Speaking on the issue, Ftism Arega; a former Chief of Staff of the Prime Minister and Commissioner of the Ethiopian Investment Commission wrote on Twitter: “I looked into the Teff patent issue.
“It is an issue of our inability to own our national assets in the international legal system. I’m told Federal Attorney General office is looking into it-to hire international intellectual property lawyers. We need to defend it!” He added. The produce also serves as forage and hay. For centuries, millions of Ethiopian farmers have depended on the growing of teff which is native to the country. Ethiopia is thus barred under the agreement from exporting its teff to Europe. I looked into the #Teff patent issue. DYK? Ethiopia's Prime Minister, Abiy Ahmed Earns $300 Salary Per Month | How Africa News. The pace of change in Ethiopia has been so fast since Abiy Ahmed became prime minister in April that it is almost like observing a different country. The reforms he has introduced were unthinkable not so long ago.
The government seemed impervious to criticism from human rights groups that the state stifled free expression, sidelined and imprisoned opposition leaders and cracked down on protests. It also appeared steadfast in its disagreement with a border commission ruling that was meant to end the two-decade conflict with neighbouring Eritrea. But all that has changed.
On a salary of just $300, Abiy Ahmed’s Mission as Prime Minister in Ethiopia is not to amass wealth but to overhaul the economic model of his country. This is the type of leadership ideology Africa needs, don’t you agree? “I work seven days a week for $300 a month,” says Abiy Ahmed Ali from Menelik Palace, the Prime Minister’s official headquarters in the centre of Addis Ababa. “I am not getting rich, but I am not corrupted. Ethiopia takes land back from 95 investors, including a Saudi billionaire. Ethiopia has revoked a total of 412.6 hectares of land held by investors, including Ethiopian-born Saudi billionaire Mohammed Hussein al-Amoudi for failure to create jobs and develop the city, as promised when the lands were awarded to them, head of Addis Ababa Land Bank Tesfaye Tilahun told the Voice of America. The investors had promised to create jobs for the youth and develop Addis Ababa by building industries, hotels, a media center and other complexes in the busy city which has over 4 million residents.
“All they did was make a fence around thousands square feet of land and left it for years. That is all they did. Instead of building the city, they gave the city a bad image, making it a place of waste collections,” said Tilahun, while explaining why 95 individuals and businesses lost their licenses. This week alone, 19 Ethiopian government agencies and 18 companies related to African diplomats or governments also had their licenses revoked.
Ethiopia Already Is the ‘China of Africa’ Will Ethiopia become “the China of Africa”? The question often comes up in an economic context: Ethiopia’s growth rate is expected to be 8.5 percent this year, topping China’s projected 6.5 percent. Over the past decade, Ethiopia has averaged about 10 percent growth. Behind those flashy numbers, however, is an undervalued common feature: Both countries feel secure about their pasts and have a definite vision for their futures. Both countries believe that they are destined to be great. Consider China first. The nation-state, as we know it today, has existed for several thousand years with some form of basic continuity. Most Chinese identify with the historical kingdoms and dynasties they study in school, and the tomb of Confucius in Qufu is a leading tourist attraction.
This early history meant China was well-positioned to quickly build a modern and effective nation-state, once the introduction of post-Mao reforms boosted gross domestic product. Ethiopia among 17 economies to grow faster than China - PwC - Journal du Cameroun. Published on 03.01.2018 à 18h21 by APA News Share Ethiopia is among the 17 economies that will grow faster than China in terms of Purchasing Power Parity (PPP) in 2018, according to projections of PricewaterhouseCoopers (PwC) Global Economy Watch.The other countries include India, Ghana, and the Philippines, New Telegraph reported. PricewaterhouseCoopers is a multi-national professional services network headquartered in London, United Kingdom. It is the second largest professional services firm in the world, and is one of the Big Four auditors along with Deloitte, EY and KPMG. The newspaper quoting PwC’s analysis added that eight of the ten fastest growing countries in 2018 could be in Africa.
According to PwC, China, the world’s largest economy in PPP terms, could grow by 6-7per cent in 2018, slower than previously, but in line with expectations. With the fastest level of growth for several years, 2018 is predicted by PwC to be the most energy hungry on record too. Ethiopia Won’t Rely on Others to Launch Satellite says PM. July 13/2017 - Voice of Africa. 14.07.2017-Addis Ababa/ Prime Minister Hailemariam Dessalegn said Ethiopia will not rely on any country to launch its own satellite, which would be instrumental in speeding up the overall economic growth. Hailemariam said at the first ordinary meeting of the Ethiopian Space Science Technology Council on Wednesday, satellite launching programs of the country need to be considered differently when it comes to financial assistance.
Hailemariam, who is the Chairperson of the Council, said Ethiopia will develop and launch its own satellite technology by itself. The Council that discussed on the proposed 12-year plan for the area, agreed on the need first to formulate policy and strategy that would guide the development of space science technology in Ethiopia. To realize this, the Council has agreed for the establishment of a technical committee to monitor the progress. Similarly, the 8th regular meeting of the National Science and Technology Innovation Council was held on Wednesday. Africa: Ethiopia - Ideal Investment Spot in Africa. Photo: Addis Fortune As car decor sales rise in Addis Abeba, it seems that for car decoration shops business is booming. editorial Foreign Direct Investment (FDI) has been steadily growing in Ethiopia due to the various incentives both federal and regional governments offer to investors.
The incentives include tax holidays, improved bureaucracy and infrastructure development. Local and foreign investors have invested, and are still investing a large volume of capital in agriculture, construction, manufacturing and other sectors here. The government has been paying due attention to attract more FDI by providing export incentives, customs duty exemption, income tax holidays and offering land in competitive lease price, all are expected to keep this momentum of investment inflow from abroad to Ethiopia but a lot remain to be done in the years to come. The availability of land and abundant labor forces also contribute a lot to attract giant investing companies to the nation. Ethiopia: Over half a billion of foreign investment entered in last three months. Ethiopia opens Africa's largest industrial park. Ethiopia’s youth benefit from agriculture jobs says Mo Ibrahim Foundation's "Tipping Point" report — Quartz.
In January, Ethiopia became the latest African nation to look skyward and declare its ambitions in space. The country’s ministry of science and technology announced that it will launch a satellite into orbit in three to five years to better develop its weather-monitoring capabilities. This follows the 2015 launch of a privately-funded, multi-million dollar astronomical observatory in the Entoto hills overlooking Addis Ababa—the only one of its kind in the region. News of the satellite and the observatory drew criticism in a nation that is still developing and currently struggling with a drought. But that’s unlikely to curb the country’s space ambitions.
“They call us crazy because they think we’re [only] exploring outer space and gazing at the stars,” Abinet Ezra of the Ethiopian Space Science Society told the Guardian. “But they can’t see the bigger picture.” African nations have tried to reach for the skies one way or another for decades. Ethiopia and Gulf Countries Trade Relations Flourishing. By Bilal Derso Realizing the objective reality of Gulf countries (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates), it is important to utilize the region's huge trade opportunities and obtain market for our exports.
Most of the Gulf countries are reliant on food imports due to unfavorable climatic conditions, poor soil and low water supply. Ethiopia's largest economic partner in the region and the third biggest export destination, Saudi Arabia, for instance, imports around 80 percent of its food requirements from foreign countries and has set plan to stop producing wheat and other agricultural items in the near future. On average, the GCC (Gulf Cooperation Council) countries are importing 90 percent of food products.
Qatar topped the GCC independence on foreign imports at 97 percent, followed by Bahrain at 92 percent, Kuwait 91 percent and the UAE and Oman at 89 percent each, World Bank's report indicated. Diversification of hydrocarbon economies The road ahead. Ethiopia is on a path to become Africa’s China in more ways than one - OPride.com. (OPride) — Ethiopia’s dream to be the next China is becoming true. As Beijing rapidly expands its global footprints, its overseas national interests have to be protected. This is why China is already moving away from its traditional hands-off approach — a policy of non-interference in state’s domestic affairs — to become one of the global influencers of our time.
China’s paradigm shift is more evident in Africa than anywhere else as Beijing continues to deepen its presence on the continent. A closer examination of China’s bilateral relations with Ethiopia makes this point clear. Prior to 1991, when the incumbent regime in Ethiopia came to power, the two countries did not have much contact but their mutual respect and interaction have grown over the past two decades. Ethio-Chinese relations had improved even remarkably in the last few years. Ethiopia is a regional hub with several international organizations headquartered in Finfinnee (Addis Ababa). Political relationship Comments comments. Ethiopia: Why Foreign Investment Is Still Flowing to Ethiopia.
Photo: Filippo Jean | Wikipedia Designed by Arturo Mezzedimi and inaugurated in 1961 by H.I.M. Emperor Haile Selassie, the historic Africa Hall is one of Addis Ababa's landmarks. opinionBy Henok Assefa By all accounts, Ethiopia has had a tough year. The effects of El Nino were deeply felt across the country. Agriculture was impacted. So was the life of millions of Ethiopians earning a living from it.Global mainstream media reported the return of drought to Ethiopia. Nevertheless, the Ethiopian Investment Commission (EIC) announced that more than half a billion dollars in Foreign Direct Investment (FDI) entered the country in the last three months. The answer lies in Ethiopia's emerging global competitiveness in light manufacturing industries, particularly garments and leather products.
As a result, the country has become a competitive global exporter of labor-intensive goods. During the past 20 years, China achieved efficiency in light manufacturing previously unseen in human history. Ethiopia Joins Megadiverse Countries. By Desta Gebrehiot The Ministry of Environment, Forest and Climate Change announced that Ethiopia has joined megadiverse countries' list after unanimously approved by the high level megadiverse countries meeting held on the sidelines of UN Biodiversity Conference held December 2-17, 2016 in Cancun, Mexico. The decision to recognize Ethiopia as megadiverse country came following its official request in 2014. Minister Dr. Gemedo Dale told a press conference yesterday that it is no surprise for Ethiopia to be considered as megadiverse country given its huge and endemic plant, mammal, bird, reptiles and amphibian species. Dr.
Gemedo further noted that the recognition as home to mega diversity would help the country get the necessary technical and financial support from the international community to preserve its resources. Despite the recognition, Dr. The minister also noted that Ethiopia has presented its best practices and experience in mainstreaming biodiversity at the conference. Ethiopia: Nation Advancing Dairy Farm to Increase Foreign Currency. By Yohanes Jemaneh Ethiopia is encouraging investment in meat and meat product export as part of effort to increase hard currency earning. Last week, a two-day tour to major abattoir investment at Dukem, Modjo, Zeway and Adami Tulu of Oromia State has taken place organized for media partners by Ethiopian Meat and Dairy Industry Development Institute that flickers a gleaming hope that the nation is on the right track to utilize its livestock potential.
As a country which has a huge potential in animal resource, Ethiopia is home of Africa's largest livestock population. A 2013 Survey by the Central Statistical Agency on country's rural sedentary areas revealed the existence of over 53.99 million heads of cattle and 25.5 million sheep. Despite a stark annual progress, the annual revenue the country gets from the export of meat and meat product stands asymmetrical compared to the potential. It has made notable improvements after identifying sector's bottlenecks. Interview: Ethiopian PM Hailemariam Desalegn on economy and power production. Ethiopia’s Boom Times. Our new issue, “Between the Risings,” is out now. To celebrate its release, international subscriptions are $25 off, and limited prints of our Easter 1916 cover are available.
Ethiopia has a new nickname: “The African Lion.” Like China (“The Asian Dragon”), Ethiopia’s economy is growing: 10 percent annually from 2003 to 2014. But the moniker also has less savory connotations. Ethiopia’s economic expansion is taking place against a backdrop of privatization, immiseration, and incursions on democratic rights. On the one hand, the government has undertaken huge infrastructure projects, like the construction of the two largest dams in Africa (funded in part by foreign investment). A journey through Addis Ababa, Ethiopia’s capital, illustrates the shape development has taken — and the inequalities it’s created. Addis Ababa, Ethiopia. From this vantage point and many others, the city looks like a booming cosmopolitan center blessed with wide avenues and soaring buildings. Mekelle, Ethiopia. Ethiopia: Egyptians to Invest in Pharmaceutical Sectors.
By Abebe Woldegiorgis What makes the seminar special is professionals and pertinent stake holders come together for discussion with common objectives focusing on pharmaceutical and medicinal business Relations between Ethiopia and Egypt dates back to many centuries. Though the two countries relation was overshadowed by divergent interests, the on-going business and trade relations is defusing the past mistrust and glimpse of hope is in insight which benefit the two countries. In a press conference held yesterday, the Egyptian Embassy announced that a seminar organized by Embassy Commercial Office and the Egyptian Export Council for Medical Industries will be held February 26, 2016 here in Addis. According to El Zomar, the seminar will be attended by Health Ministers of Ethiopia and Egypt as well as Ambassadors of the two countries.
Leaders, and representatives of the largest and most reputable pharmaceutical companies in Egypt will also attend the seminar. Kenya: Ethiopia is Welcoming the Investors Kenya Has Frustrated. African Leadership Academy to Be Opened Here. Ethiopia: Unrest continues in Oromia, largest coffee producing region; rising instability could impact markets | | Oromo | Oromia. Why Ethiopia is making a historic ‘master plan’ U-turn. Ethiopia to become Africa's major economic power by 2050-UN.
PM - Fifteen million people facing food shortages in Ethiopia 25/01/2016. Harrowing pictures from Ethiopia as 10 million people face hunger following worst drought in 50 years. Ethiopia's new proposal sets to transform economy. Ethiopia growth at 10% during past decade. Ethiopia heading for middle-income status by 2025 | Public Finance. Ethiopia: More Than 10 Million Jobs Provided During the First Growth and Transformation Plan - allAfrica.com.
Rising from the ashes: 10 astonishing facts on Ethiopia's turnaround, how it did it, and the unseen forces driving growth. Ethiopia-africa-s-giant-on-the-rise-1.1890830# Ethiopia’s development is mostly people-driven - Special Reports. Ethiopia's Geographic Challenge. Ethiopia's Economy To Grow 10.5 Percent In 2015/16. Ethiopia predicts record $1.5bn overseas direct investment in 2015. Ethiopia Invest $240 Million On Road Construction. Ethiopia hopes to export gas by 2017 Anadolu Agency. Untitled. Ethiopia: Ambitions to become a global force in leather production. A rare access to Ethiopian Military Industry. Ethiopia Ponders U.S$5 Billion Gold. Turkey outdoes China in terms of Ethiopia investment | Diplomacy. Ethiopia's Tech Industry Emerges. Ethiopian wine raises cheer for economy. Ethiopia – a Destination Crying Out for New Hotels. Ethiopia: Over 18bil Birr Investment Projects Go Operational.
Ethiopia seeks bidders for construction of Hawassa Airport. Ethiopia: Microsoft and UNDP to Train 200,000 Ethiopian Etnerpreneurs. Episode 16: Addis Ababa: City of Transformation. Addis Ababa's Changing Skyline. GEESKA AFRIKA ONLINE The Horn of Africa Intelligence News Group » Ethiopia: Embrace a new wave of Chinese Industrial Transfers. Ethiopia expects 11 percent economic growth this year, EPRDF DireTube Video by Ethiopian News.
Ethiopia Creating Millionaires Faster Than Any other African Country. Ethiopia’s grand plans for regional power distribution. Addis Ababa 2013 New Booming City ! 70 of Construction of Addis Ababa Adama high way complete. Addis Ababa is the Showcase for Ethiopia's Economic Great Leap Forward. Ethiopia Can Achieve Middle Income Status By 2020 - World Bank. Ethiopia increases use of Blue Nile CCTV News. Ethiopia Struggle Over the Nile - Al Jazeera English part_1. Ethiopia Struggle Over the Nile - Al Jazeera English Part_2. Ethiopia Struggle Over the Nile - Al Jazeera English part_3. The westerns eye on Ethiopia.Invest in Ethiopia (before its to late) Investing in Ethiopia. Invest Africa Episode 2: Ethiopia. Ethiopia Records Double-Digit Economic Growth Under GTP.
Ethiopia offers ample investment opportunities in agriculture, infrastructure. Ethiopia: Investment Opportunities and Challenges - Part 1.