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Ethiopia's Dire Dawa Industrial Park Generates $7.8Mn from Exports

diredawaindustrialpark

Dire Dawa Industrial Park, located in eastern Ethiopia, announced it has generated over $7.8 million in revenues from export items in its first year of operations.

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EKOS STEEL Mill Working to Attract Peer Korean Companies to Ethiopia

ekos-steel-logo

Ambassador Redwan Hussein, Ethiopia’s State Minister of Foreign Affairs, held a discussion with Shell H. Choo, CEO of the Korean company EKOS STEEL Mill PLC. During their discussion, the CEO called for the government’s continued support, and said his company is working with the Ethiopian embassy in Seoul to attract similar companies in Korea to invest in Ethiopia.

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ብሄራዊ ባንክ የነዳጅ ምርት አከፋፋይ ድርጅቶች የብድር እገዳ እንዲነሳላቸው ወሰነ

NBE Governer Yinager Dessie

ዋዜማ ራዲዮ- የኢትዮጵያ ብሄራዊ ባንክ በማስያዣ ላይ ተመስርቶ የሚሰጥ ብድር ላይ ጥሎት ከነበረው እገዳ የነዳጅ ምርት አከፋፋይ ድርጅቶች የብድር እገዳው እንዲነሳላቸው መወሰኑን ለሁሉም የንግድ ባንክ ፕሬዝዳንቶች በላከው ማስታወሻ መግለፁን ዋዜማ አረጋግጣለች።

የኢትዮጵያ ብሄራዊ ባንክ የሀገሪቱ ኢኮኖሚ ለከፍተኛ አሻጥር ተጋልጧል ፣ በዚህም ሳቢያ ከባድ የዋጋ ንረት ተፈጥሯል በሚል ነበር በማስያዣ ላይ የተመሰረተ ብድርን የንግድ ባንኮች ለጊዜው እንዳይሰጡ የከለከለው።ሆኖም ክልከላውን በሂደት ዘርፎችን እየለየ ሲያነሳ ቆይቷል።

ከትናንት ጀምሮ የነዳጅ ምርት አከፋፋይ ድርጅቶች የባንክ ብድር እንዳያገኙ ከሚከለክለው ገደብ ውጭ እንዲሆኑና የብድር ተጠቃሚ እንዲሆኑ ለባንኮች አሳውቋል። የነዳጅ ምርት አከፋፋይ ኩባንያዎቹ የብድር ተጠቃሚ የሚሆኑትም ከመንግስታዊው የኢትዮጵያ ነዳጅ አቅራቢ ድርጅት ጋር በገቡት ውሎ መሰረት እንደሚሆንም የብሄራዊ ባንኩ ውሳኔ ያሳያል።

ብድር ላይ ተጥሎ የቆየው ገደብ ስራቸው ላይ ተጽእኖን እንዳሳረፈ የነዳጅ ምርት አከፋፋዮች በተደጋጋሚ ቅሬታን ሲያቀርቡ ተደምጠዋል። ኩባንያዎቹ ቀደም ብሎ በነበረው አሰራር ነዳጅን ለማደያዎች ለማከፋፈል ከኢትዮጵያ ነዳጅ አቅራቢ ድርጅት በዱቤ መውሰድ ይችሉ ነበር ። ከጊዜ በሁዋላ ግን ነዳጅን በዱቤ ሳይሆን እጅ በእጅ ገንዘብ ከፍለው ከኢትዮጵያ ነዳጅ አቅራቢ ድርጅት እንዲረከቡ ተደርጓል። ይህ ውሳኔ በራሱ ችግር ፈጥሮብናል የሚሉት ኩባንያዎቹ የባንኮች ብድር ላይ ገደብ መጣሉ ደግሞ የበለጠ እንቅፋት ሆኖብናል በማለት ቅሬታ ሲያሰሙ ቆይተዋል።

ብሄራዊ ባንክም የነዳጅ ምርት አከፋፋይ ድርጅቶች ከትናንት ጀምሮ ከብድር እገዳው ነጻ እንዲሆኑ ከባንኮች እንዲበደሩ ወስኗል።ነገር ግን የብድር እገዳው የተነሳው ከመንግስታዊው የኢትዮጵያ ነዳጅ አቅራቢ ውል ገብተው ነዳጅን ተረክበው ማከፋፈል ለሚችሉ ኩባንያዎች እንጂ ከአከፋፋዮቹ ተረክበው ለገበያ የሚያቀርቡትን ለጊዜው እንደማይመለከትም ለባንክ ፕሬዝዳንቶች በተላከው ማስታወሻ ላይ ተመልክቷል።

ብሄራዊ ባንክ ከዚህ ቀደም በጎንደር አካባቢ ላሉ የሰሊጥ አምራቾች ፣ ባንኮች በሀራጅ ላወጡት ንብረት ፣ ለሰራተኞቻቸው የሚሰጥ እና የጸደቁ የቤት ብድሮች ጨምሮ አምስት የብድር አይነቶች ከብድር እገዳው ውጭ እንዲሆኑ መወሰኑ ይታወሳል። [ዋዜማ ራዲዮ]

The post ብሄራዊ ባንክ የነዳጅ ምርት አከፋፋይ ድርጅቶች የብድር እገዳ እንዲነሳላቸው ወሰነ appeared first on Wazemaradio.

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On Ethiopia: Western Media Pushing Africa Stereotypes – Hermela Aregawi

Western media biased narrative supports armed rebels, undermines elected Ethiopian govt, & forces the stereotype that Africa is destined for war & famine. Thanks to Del Waters & @BNCNews for the opportunity to discuss these issues with Hermela Aregawi. The most interesting part is that Hermela Aregawi is from Tigrai whom TPLF is claiming to represent but speaks the truth. Listen to the video below. […]

Ethiopian Music : Shambel Belayneh | ሻምበል በላይነህ – Jegnaw Wetader | ጀግናው ወታደር – New Ethiopian Music 2021 (Official Video)

Shambel Belayneh – Jegnaw Wetader | ጀግናው ወታደር – New Ethiopian Music 2021 (Official Video) Ethiopian Music : Shambel Belayneh | ሻምበል በላይነህ – Jegnaw Wetader | ጀግናው ወታደር – New Ethiopian Music 2021 (Official Video) […]

Crafting Ethiopia’s Economic Independence and Prosperity by Copying Military Strategy Thinking (Part Two)

Tsegaye Tegenu, Ph.D. 27-10-2021 In part one I discussed the use of military strategy thinking to resolve economic policy options, conflicts, and dilemmas at the macro level. Most of the time the policy recommendations include human capital development (based on endogenous growth model), export-led growth and liberalization (neoliberal model), green economy (environmentalist approach), sector growth (agriculture and industry), promotion of tourism, etc. It is important to understand the tradeoffs when we make decisions or accept one of the proposed changes. If we institute a given policy suggestion to make things better in one respect, we are probably making things worse […]

Ethiopia's First Smart Card Manufacturing Plant to Start Production in November

smart-card

Ethiopia’s first smar tcard manufacturing plant, owned by the local firm Lootah Industries PLC, announced it will start operations in November 2021. The plant will produce GSM SIM cards and supply the cards to Ethio Telecom as per its agreement with the telecom company.

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These old images do not show a recent military exercise in Eritrea

Amanuel Neguede / AFP Ethiopia Three pictures — one of trucks loaded with missiles, another of tanks and a third showing jets flying over a building — have been circulating on Facebook in Ethiopia with claims that they show a recent military exercise in Eritrea. But the claims are false: AFP found that the post uses old, unrelated images. The photos, published in a Facebook post on October 19, 2021, have been shared nearly 300 times and drawn thousands of likes. “Breaking news: the Eritrean Defense Forces have completed the so-called special military exercise. They are ready for everything,” the post reads […]

An Open Letter to Governor Terry McAuliffe

Why I am Voting Republican in the Upcoming Gubernatorial Election Tigest Ayele. My name is Tigest (TG) Ayele. In 1989, I migrated from Ethiopia to the United States and became an American citizen in 2008. I am a registered independent but when it comes to elections, I religiously voted for Democratic candidates pretty much up and down the ballot. I have been involved in voter registration drives, canvassing, driving seniors to voting locations and fundraising for democratic candidates. Historically, the Democratic Party’s policy on Ethiopia has been disastrous, often supporting dictators in the name of advancing America’s geopolitical interests. Unfortunate […]

Sudanese General Blew Off Final U.S. Effort to Avert Power Grab

By Robbie Gramer, a diplomacy and national security reporter at Foreign Policy, and Colum Lynch, a senior staff writer at Foreign Policy. Jeffrey Feltman’s plane took off in the early hours of Monday morning after a frantic weekend of high-stakes diplomatic meetings in Sudan. Feltman, U.S. President Joe Biden’s special envoy for the Horn of Africa, was in Khartoum meeting with top Sudanese power brokers to try to shore up the country’s shaky transitional government and try to salvage its uneven path to democracy. During his time in Khartoum, Feltman met with Sudanese Prime Minister Abdalla Hamdok—the country’s top civilian leader—as well as Sudan’s […]

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Etiam pulvinar consectetur dolor sed malesuada. Ut convallis euismod dolor nec pretium. Nunc ut tristique massa.

Nam sodales mi vitae dolor ullamcorper et vulputate enim accumsan. Morbi orci magna, tincidunt vitae molestie nec, molestie at mi. Nulla nulla lorem, suscipit in posuere in, interdum non magna.