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  • Ethiopia opens new industrial park


    Ethiopia has unveiled Africa’s largest industrial park in the city of Hawassa 275km southeast of the capital Addis Ababa – one of several it is building or planning to build all over the country.

    The project is inspired by China and the Hawassa Industrial Park (HIP) – like many equivalents in China – will be dedicated solely to just one sector, textile and apparel.

    At 1.3 million square meters it is the biggest in Africa and also the largest dedicated solely to export, said Zemdeneh Negatu, managing partner at Ernst and Young international consultancy firm.

    Speaking at the inaugural ceremony last week, Ethiopian Prime Minister Hailemariam Desalegn said the manufacturing sector’s share in Ethiopia’s gross domestic product (GDP) for many years stood at only 0.5 percent, showing the need for economic re-structuring if the country was to fulfil its economic promise.

    Ethiopia’s economy, despite a period of rapid economic growth, still largely depends on agriculture. Volatile commodity prices, a severe drought, and political unrest have all curbed expansion.

    The HIP has attracted 15 major manufacturing firms from China, Indonesia, the US, and Ethiopia itself. But Yuan Li, chairman of the China Civil Engineering Construction Corporation (CCECC) which designed and built the industrial park, says it has even wider significance.

    Read more at sabc.co.za

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  • Ethiopia approves over $ 12 billion annual budget


    The Ethiopian parliament on Monday approved a total budget 274.3 Billion Birr ($ 12.57 billion) for the 2016/2017 fiscal year.

    The budget which was unanimously endorsed by lawmakers today has saw a 13.7 % rise compared to the previous year budget.

    Sudan Tribunehas learnt that of the total budget $ 4.8 billion is allocated for capital expenses and $ 3.1 billion for regular expenditures.

    Around $ 4 billion is allocated for subsidy to regional states, and $ 550 million for expenses of sustainable development.

    During today’s session, Ethiopian Prime Minister Hailemariam Desalegn said Ethiopian industry and service sector have shown growth of 7%.

    The premier said the country was subjected to slow economic growth later this year due to impacts of El Nino which has significantly affected the agricultural sector.

    Ethiopia is among some African countries which were severely hit by food insecurity which was caused by El Nino induced drought.

    The drought which is worst in decades led to sharp deterioration in food security and massive drop in agricultural and pastoral production forcing over 10 million Ethiopians to depend on food Aid.

    “The Ethiopian government has expended 800 million dollar to control the impacts of drought,” Hailemariam said.

    The Premier said the country has performed good in growing its economy during this fiscal year (2015/216) and it was substantiated by the International Monetary Fund (IMF).

    The Premier said the country’s economic growth for this year is expected to be 8.5%, lower than previous years when the country had been registering double digit economic growth.

    According to Hailemariam, the government has worked aggressively to curb hitches of good governance.

    Read more at Sudan Tibune

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  • Ethiopian Brings Airbus A350 to Lagos, Nigeria

    Ethiopian Airlines has disclosed the arrival of Airbus A350 for the first time in Nigeria, the newest aircraft in the world. Lagos and Dubai are the first stations to receive the Ethiopian Airlines' brand new aircraft, the airline stated.

    It would be recalled that the airline was the first to bring Boeing B787 Dreamliner to Africa and to Lagos, and also the first airline in Africa to take delivery of Airbus A350XWB on June 28, 2016 in Toulouse, France.

    The airline, in a statement, said: "Ethiopian is pleased to make all Africans proud by being the first airline in the world to fly the ultra-modern airplane in African skies. Ethiopian A350 XWB was built for passengers comfort and well-being. Wider seats in both Business and Economy classes, the lowest twin engine noise level, advanced air conditioning technology and full LED mood lighting enhance passenger comfort while reducing fatigue after a long flight."


    The Group Chief Executive Officer of Ethiopian Airlines, Ato Tewolde Gebremariam said: "The fact that we are ushering in another first to Africa in a span of four years is an affirmation of our continuing pioneering role in African aviation.

    "It is also a testimony of our commitment to give our passengers the very best travel experience, with the latest industry products and services. On behalf of all my colleagues at the Ethiopian family, I am delighted to see Ethiopian to continue making Africa First in Aviation Technology."

    According to the airline, all seats of the A350 XWB are fitted with the latest high-definition touchscreen personal monitors and a higher selection of movies, television series and audio channels. Inflight Wi-Fi connection will be made available on this aircraft in the future. Passengers with smart devices can connect to the world while others can use the smart individual touch screens on their seats when the internet service goes operational, it noted.

    It said that the A350 XWB's innovative technology also improves performance in operation, stating that its revolutionary airframe and simplified systems have optimized fuel burn, maintenance costs and reliability, and its engines have the lowest carbon dioxide CO2 emissions of any in the wide body category.

    Ethiopian has ordered 14 Airbus A350 XWB aircraft and will continue receiving the remaining 13 soon, constantly raising the number of Airbus aircraft in the fleet ensuring the extra comfort.

    Source: The Gradian Nigeria

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  • Why your next shoes could be made in Ethiopia - CNN

    When footwear brand Enzi opened its first store in Addis Ababa the words "Made in Ethiopia" were not associated with luxury.

    Today the high-end shoe brand is on a mission to change the perception that good quality products are not made in Africa.

    Jawad Braye and Azariah Mengistu co-founded Enzi in 2011 with just $30,000, after realizing that Ethiopia had a rich supply of leather and an emerging manufacturing industry.

    Today, the company ships to markets in Europe, Asia and the U.S. 


    Quality first 

    "What differentiates us as a brand is how well made the shoes are," Mengistu tells CNN. "Every single millimeter counts, every stitch is important." 
     
    Enzi has ensured such high quality standards by setting up its own production line -- rather than relying on an existing one -- where employees understand the emphasis on perfection. 
     
    With shoe prices at around $125 a pair, Enzi shoes could be Ethiopia's next big start-up. 
     
    Source: CNN 
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  • DBL Group to set up $100m garment factory in Tigray, Ethiopia


    DBL Group, a leading apparel exporter, is investing $100 million to set up a garment factory in Ethiopia, encouraged by duty benefits for exports from the African nation to US markets, a top official of the company said yesterday.

    “The new factory will go into production in February next year. We expect to employ 3,500 workers. Of them, 150 will be employed as executives -- all from Bangladesh,” the official said.

    The integrated textile and garment factory to be built in the Tigray region of Ethiopia will add immense value to the Ethiopian economy and strengthen exports, according to news agency Bernama.

    Read more at thedailystar

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