South African companies keen to invest in Ethiopia
South African investors and representatives of companies have expressed their readiness to invest in Ethiopia and do business with.
A South African business delegation comprising 22 investors and representatives of companies are currently in Ethiopia to explore investment potentials and opportunities in the country, particularly in manufacturing, agro-processing, energy and construction sectors.
State Minister for Foreign Affairs, Dr. Aklilu Hailemichael met with the South African Business Delegation on Monday (March 6, 2017) and briefed them on investment prospects in Ethiopia.
Dr. Aklilu underscored that the delegation's current move will promote Ethiopia's aspiration to boost the intra Africa trade and enhance south-south cooperation.
He said, "Ethiopia attracts investors from China and Turkey as well as the US and Europe; nevertheless we would like to also promote south-south economic cooperation between African countries."
Touching upon the huge investment potentials in Ethiopia, the State Minister said, "Ethiopia's geographic location, its active membership in regional and bilateral trade agreements, including various other platforms with the U.S, EU and COMESA region, and the favorable investment policies make it an attractive investment destination."
Ethiopia's young and productive work force which accounts for 60 percent of the population also offers significant comparative advantages to investors, he added.
Foreign Affairs Minister Dr. Tedros Adhanom has said Ethiopia remains committed to intensify its partnership with governments and international organizations to achieve Universal Health Coverage (UHC) as outlined in the SDG's, the Ministry of Foreign Affairs (MoFA) said in a statement.
Addressing a high level meeting on Universal Health Coverage in Africa, the minister underscored the fact that universal health care remains to be a fundamental step towards inclusiveness.
"It is imperative that donors and international organization support African countries efforts through financial and technical support,” he said.
“Africa needs to be supported to make health accessible to its people through partnerships built on country ownership.”
The Ethiopian official's remarks came at the margins of the 6th Tokyo International Conference on African Development (TICAD VI) in Nairobi on Friday August 26, 2016.
Reflecting on the achievements, challenges and prospects in Ethiopia, Dr. Tedros said: "In Ethiopia we have made the initial steps towards achieving UHC. We have created community based insurance schemes (CBHI) in four regions of our country that covers about 12 percent of the population.”
“In addition, government subsidies are used to pay for the cost of health services for the poorest of citizens."
Dr. Tedros however said the country has faced several challenges, which among others include lack of a strong institutional set up for managing prepaid health services.
He added there was a need to raise more public funding for UHC and work towards ensuring enhanced donor support.
Describing the meeting on Universal Health Care in Africa as a significant event, Dr. Tedros pointed out the fact that the issue of Universal Health Coverage has been constantly gaining traction in international health forums, particularly at a time of the current post MDG era.
In his speech, Dr. Tedros stressed on four major themes: the progress Africa has made over the last decade and a half, the challenges that still bite the continent, the achievements, challenges and prospects in Ethiopia, and finally what remains to be done and the way forward.
In his concluding remarks, the Ethiopian minister said, "UHC is not a "one size fits all" journey.
Ethiopian Airlines has reportedly finalized preparations to commence flight to Moroni, the capital city of Comoros beginning October 30, 2016.
With the new flight, travelers to and from Moroni will get seamless convenience and connectivity options via Addis Ababa to its global network, Ethiopian Airlines said.
According to a press release of the airline, Ethiopian Airlines CEO Tewolde Gebremariam said the new flight will play a big role in bolstering intra-continental linkage.
''We believe our flights to Moroni and elsewhere in our beloved continent, Africa, contribute positively to the overall development of the continent and serve as a critically essential vehicle for the flow of investment, trade and tourism,'' he was quoted as saying.
Moroni will be Ethiopian’s 54th African destination, after Cape Town, Gaborone, Goma, Yaoundé and Durban that joined the vast intra-African network of the airline in the just-ended Ethiopian fiscal year.
According to the press release, Ethiopian Airlines (Ethiopian) is the fastest growing Airline in Africa. In its seven decades of operation, it has become one of the continent’s leading carriers, unrivalled in efficiency and operational success.
Ethiopia and France are poised to further ties in the fields of fighting terrorism, technology transfer, climate resilience programs, peace and security.
The latest agreement came as the outgoing French Ambassador to Ethiopia Brigitte Collet took leave of President Mulatu Teshome at the National Palace.
Dr. Mulatu on the occasion called for a wider exchange in the areas of culture, education and investment between France and Ethiopia.
According to an official who attended the talks, the President appreciated the commitment by the outgoing Ambassador to strengthen the business and investment ties between the two nations.
Over the past three years, the two countries have been working on the Ethio-France Economic Forum (EFEF) to boost their business and trade ties.
The forum helps promote Ethiopia’s favorable investment and trade atmosphere to France investors.
It was indicated that EFEF will be launched the coming December in Paris.
Ambassador Collect on her part said France is desirous to strengthen the longstanding bilateral relation with Ethiopia.
She said France has targeted to expand French language in secondary schools in Ethiopia.
The newly adopted Regional Strategy for Health Security and Emergencies will help build better health system in Africa and facilitate emergency response services, announced WHO Regional Committee for Africa.
The regional strategy aims at preventing morbidity and mortality and reduction of the socio-economic disruption occurring due outbreaks and other health emergencies in the African region.
The strategy was adopted during the 66th WHO Regional Committee for Africa meeting held in Addis Ababa.
“We want to take this opportunity to critically assess the capacity at country level, not only using self -assessment but joint external evaluation,” said WHO Regional Emergency Director Dr. Ibrahim Fall while speaking about the new strategy.
Stressing on the need to work with communities for rapid actions, the director said: “we need to work at local level to make sure that the prevention and response to emergencies will take place at lower level.”
Ethiopia is credited by the regional committee for achieving better results in Emergency Medical Services.
“I think everybody really appreciates the Emergency Medical Services in Ethiopia,” Dr. Fall remarked.
The director called on other countries to follow Ethiopia’s example as it helps them fill gaps they have in terms of capacity for international health regulation.
It was indicated that WHO African Region is challenged by recurrent outbreaks and other health emergencies.
According to WHO Regional Committee for Africa, member states report over 100 public health emergencies annually, with infectious diseases accounting for 80 per cent of the reports.
It said most of the infectious diseases are originating from animals as the health of humans, animals and the ecosystem are interconnected.
Ethiopia and USA have been enjoying strong cooperation in economic, security, democracy and good governance spheres, according to President Mulatu.
This was disclosed while the president conferred with USA Outgoing Ambassador to Ethiopia Patricia M. Haslach.
According to an official who attended the meeting, President Mulatu Teshome appreciated the commitment of the ambassador to broaden and consolidate the relations between the countries.
The visit of President Obama to Ethiopia, which took place during her fruitful term of office, has boosted the bilateral relation of the two countries, he pointed out.
The US has been providing assistance to Ethiopia in education and capacity building since 1903, it was indicated.
Patricia M. Haslach has on her part reportedly said that USA is desirous to boost the long historical relations of the two countries.
She also appreciated the effective handling of the recent drought by the government.
The bilateral relation between Ethiopia and USA is over a century old.