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.

Addis Ababa, 11 June 2014 (WIC) - Sudanese Vice President Bekri Hassan Saleh has reaffirmed his country's support for Ethiopia's multibillion dam construction project. "Sudan will derive multiple benefits from the Grand Ethiopian Renaissance Dam project," Saleh said at a meeting with Ethiopian Prime Minister Hailemariam Desalegn on Tuesday.

Last year, Sudan backed an Ethiopian decision to change the course of the Blue Nile – one of the Nile River's most important tributaries – in advance of building a multibillion-dollar hydroelectric dam, plans for which had already impacted relations between Cairo and Addis Ababa.

Ethiopia says it needs the dam to generate badly-needed electricity. Egypt, for its part, says the dam will reduce its traditional share of the Nile River, its main source of water. Last December, Sudanese President Omar al-Bashir said Khartoum would enjoy a large share of the electricity generated by the dam.

A tripartite committee of experts from Egypt, Ethiopia and Sudan was drawn up in 2011 and tasked with assessing the dam's environmental, economic and social impact on downstream states Egypt and Sudan. The committee's activities came to a standstill in January over differences between Ethiopia and Egypt, the latter of which fears that the $6.4-billion dam will threaten its traditional access to Nile water.

At Tuesday's meeting, Saleh also called on Ethiopia to exert its utmost efforts to end the conflict in neighboring South Sudan. Hailemariam, for his part, told the Sudanese official that Ethiopia had been working to help South Sudan's warring parties find viable solution to the crisis ever since it erupted last December. "Ethiopia will continue to put pressure on the South Sudanese rivals through all channels available," he said. (World Bulletin)

Prime Minister Hailemariam Desalegn held talks on Wednesday (June 11) in Addis Ababa with President Salva Kirr Mayardit of the Republic of South Sudan. Discussions focused on the implementation of the Cessation of Hostilities (COH) Agreements signed by the principals of the warring parties and ways to promote an inclusive political dialogue to resolve the crisis. Prime Minister Hailemariam expressed that the IGAD Heads of State and Government were pleased with the successful conclusion of the Summit, commending that the Assembly was encouraged with a renewed commitment made by the two principals of the conflict to stop the conflict, participate in the ongoing IGAD-led peace process, hasten and finalize a genuine, inclusive and multi-stakeholder dialogue on the formation of a transitional government of national unity within sixty days as well as immediately provide unimpeded humanitarian support to conflict-affected people. The Prime Minister promised that the Government of Ethiopia always stood ready to help both sides of the conflict seek a political solution to the crisis within the framework of IGAD, adding that Ethiopia would continue to extend support for the attainment of the aspirations of the people of South Sudan and for the creation of an integrated, peaceful and prosperous country.

Addis Ababa, 12 June 2014 (WIC) – Ethiopia welcomes Egypt’s decision to return back to a dialogue over the Grand Ethiopian Renaissance Dam (GERD). Newly elected Egyptian President Abdel Fattah El Sisi has recently insisted that the dam issue must be solved through talks

“Ethiopia strongly welcomes Egypt’s interest to re-launch talk over the GERD and solve the problem through dialogue,” Spokesperson of the Ministry of Foreign Affairs of Ethiopia, Ambassador Dina Mufti told journalists today. “Egypt has no other option except dialogue and win-win negotiation to find a solution that is acceptable by both sides,” Ambassador Dina said

Regarding the current crisis in South Sudan, he said the warring parties on Tuesday have agreed to form a transitional government within the coming 60 days. IGAD member countries have been frustrated by the failure of previous deals, he said, adding they will not hesitate to take action if the rivals once again violate the agreements made on last Tuesday

According to Ambassador Dina, peacekeeping force drawn from Ethiopia, Uganda and Kenya will be deployed to end the crisis erupted in that country six months ago.  

Ethiopian Airlines won the 2014 Airline Reliability Performance Award from Bombardier Aerospace.

Ethiopian won the award for the fourth consecutive year. The award was given to Ethiopian for achieving an average
dispatch reliability rate of 99.4 percent, making it first in the overall Q-400
product category for the Middle East and Africa region and to recognize the
skill and dedication of Ethiopian employees working on the turbo prop and light
aircraft of the airline. Ethiopian CEO, Mr. Tewolde Gebremariam, expressed his
gratitude to all Ethiopian Airlines employees and especially those working in
our light aircraft and turbo-prop section for this outstanding result. He noted
that the success is the fruit of their continued dedication and hard work and
the commitment to provide reliable schedule and punctual flights at all times. On
the occasion, Vice-President Customer Service and Support, Mr. Todd Young, said
Ethiopian Airlines was the first operator to introduce the Bombardier Q400 in a
dual class configuration, recently certified as a Bombardier authorized service
facility for the Bombardier Q400 aircraft. He further noted that Ethiopian won
this reliability award for the fourth times which is a testimony to their
commitment to their quality of maintenance and utilizing Q400 for both Regional
and Domestic routes. “It is my great pleasure to once again recognize their
effort and achieving this reliability award", he said. Ethiopian currently
operates 13 Q-400 Next Generation aircraft, of which five of them are
re-configured in to business and economy class with 7 and 60 seats
respectively. The Q-400 is an ideal aircraft for domestic and regional flights
with a speed closer to narrow body jet airplanes and with reduced noise, fuel
consumption and emission. Ethiopian Airlines flies the Q-400 to 18 domestic
destinations and regional routes such as Djibouti, Mombasa, Nairobi,
Kilimanjaro, Dar-es-Salaam, Zanzibar, Entebbe, Kigali, Juba, Khartoum and
Hargeisa.

Dr.Tedros Adhanom opened on Friday (June 6) a multi-stakeholder Symposium aiming
to initiate an inclusive phase of IGAD-led peace talks for South Sudan in Addis
Ababa. Under the theme of “Towards
Sustainable Peace in South Sudan,” the Symposium brought together up to 150
representatives of the People of the Republic of South Sudan, including senior
officials from the Government of the Republic of South Sudan,
SPLM/A-in-Opposition, political parties, religious leaders, elders, civil
society organizations and other stakeholders across the country. In his key
note address, Dr. Tedros Adhanom noted that peace was a central element as well
as a prelude in the pursuit of an integrated, peaceful and prosperous South
Sudan, adding that peaceful settlement of the differences would push forward
efforts for the restoration of stability in South Sudan and recovery of the
people. He also noted that Ethiopia’s committed leadership was supportive of
the people of South Sudan to prevent the pain of dying for a wrong cause and
the deterioration of the country’s humanitarian situation. He welcomed the
signing and a rededication to the Cessation of Hostilities Agreement that was
signed on 9 May by the leaders of the warring parties of the country in Addis
Ababa, lauding that the recommitment of the principals signaled a new paradigm
shift in the quest for peace in the country and laid the foundation to the
enhancement of a peaceful and inclusive dialogue to stop the violence. He
explained that there were signs of optimism and promising trajectories in the
hemisphere of South Sudan, but, he said, the world had recently witnessed the
violation of the commitment to Cessation of Hostilities Agreement, the killings
of civilians and the worsening of humanitarian situation throughout the
country. Efforts to enforce the May 9 truce signed by President Salva Kiir and
Riek Machar in Addis Ababa on May 9 should be sped up with a new vigor and
enthusiasm to support IGAD-led mediation efforts in a bid to find a peaceful
and sustainable solution to the crisis in South Sudan. He also welcomed that
the full engagement of all the constituencies of the people of South Sudan
could be considered as a historic opportunity to resolutely turn the country
from ongoing violence to progress in both the political and economic spheres.
Both parties must place the safety and security of the people of South Sudan at
the heart of their political negotiation and discussion, he suggested. He added
that genuine and inclusive political discussion would only open the window of
sustainable peace, stability and development across the country. In this
regard, Ethiopia along with IGAD Member States and partners would only assist
the people of South Sudan to move their country out of violence to a country
they want, he underlined. The two-day Symposium provides opportunities to all
stakeholders of South Sudan to discuss transitional government, national
reconciliation and healing, institutional arrangements, and constitution.

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