Tag: Ethiopia

  • AU unveils plaque inaugurating single African air transport market

    AU unveils plaque inaugurating single African air transport market

    The African Union ( AU ) on Monday inaugurated the Single African Air Transport Market ( SAATM ) in the framework of the ongoing 30th AU summit in Ethiopia’s Capital Addis Ababa.

    President Paul Kagame of Rwanda, who is the current chair of the 55-member African bloc, and Moussa Mahamat, Chairperson of the AU Commission, unveiled the plaque on the premises of the AU headquarters in Addis Ababa, marking the inauguration of the SAATM.

    The SAATM is a flagship project of AU Agenda 2063, which aspires to create a single unified air transport market in Africa, the liberalisation of civil aviation in Africa and as an impetus to the continent’s economic integration agenda.

    According to the AU, the launch of SAATM is expected to spur more opportunities to promote trade, cross-border investments in the production and service industries including tourism, resulting in the creation of an additional 300,000 direct and two million indirect jobs.

    READ ALSO: ISGPP to host seminar on economy

    In order to move the continent forward towards the concrete implementation of the AU Agenda 2063, the 24th Assembly of Head of States and Government, which took place between Jan. 30 and Jan. 31, 2015 in Addis Ababa, Ethiopia, adopted the Declaration on the Establishment of a SAATM.

    Eleven African Member States championed the Declaration by signing the Solemn Commitment to actualise the Yamoussoukro Decision creating the single market.

    These Member States were constituted as a Ministerial Working Group with the responsibility to follow-up implementation progress, provide guidance, and spearhead the advocacy campaign to urge more Member States to join the single market.

    In May 2016, the AUC wrote to those States that have signed the Solemn Commitment to highlight a number of concrete measures for them to undertake to initiate operationalisation of the single air transport market in the continent as soon as possible.

    Among these measures, each State is required to officially publish in accordance with its national regulations or gazette that they are committed to the immediate implementation of the Yamoussoukro Decision under the terms of the Declaration of Solemn Commitment in line with the AU Agenda 2063.

    NAN

  • Buhari departs for Addis Ababa to attend AU Summit

    Buhari departs for Addis Ababa to attend AU Summit

    President Muhammadu Buhari on Friday departed Abuja for Addis Ababa, Ethiopia, to participate at the 30th Ordinary Session of the Assembly of Heads of State and Government of the African Union (AU).

    The president left the Presidential Villa, Abuja, via the presidential wing of the Nnamdi Azikiwe International Airport for Addis Ababa two hours after observing the weekly Friday’s Juma’at prayer.

    The President alongside with hundreds of other Muslim faithful performed the two Raka’at Juma’at prayer at the Aso Rock Mosque.

    Mr Femi Adesina, the President’s Special Adviser on Media and Publicity, had on January 25, in a statement disclosed that the highlight of the President’s engagements during the visit would be his statements under the historic theme for the AU Summit, namely: “Winning the Fight against Corruption: A Sustainable Path to Africa’s Transformation.”

    “This is the first time in the 54-year history of the AU that anti-corruption will be made a theme of the gathering of the regional leaders,’’ the statement said.

    It would be recalled that, on July 4, 2017, during the 29th Session of the AU, African leaders unanimously endorsed President Buhari to champion the fight against corruption on the continent.

    The endorsement was in recognition of his personal commitment and widely acclaimed anti-graft drive at the domestic level.

    On July 25, 2017, the President, in a letter to President Alpha Conde of Guinea, who is also the out-going AU Chairperson, formally accepted his nomination to lead members of the AU on this crucial crusade against a veritable socio-economic vice that is anti-development.

    While thanking his colleagues for the honour, Buhari reiterated his “commitment to contribute towards our collective efforts to strengthen good governance and development on the continent.’’

    Adesina said that apart from anti-corruption, other issues lined for consideration by African leaders and their delegations would include peace and security (transnational terrorism). institutional reforms of the continental body and free movement of persons.

    Also Read: Buhari signs eight bills into law

    Others are climate change, trade; aviation, education, gender and development.

    He said President Buhari would also hold bilateral meetings with some of his colleagues on issues of common interests.

    The Minister of Foreign Affairs, Geoffrey Onyeama, the Minister of Justice and Attorney-General of the Federation, Abubakar Malami, the Minister of Interior, Abdulrahman Danbazau and the Minister of State (Aviation), Hadi Sirika, are in the President’s delegation to the summit.

    Others are the National Security Adviser, Babagana Monguno, and the  Ag. Chairman of the Economic and Financial Crimes Commission ( EFCC ), Mr Ibrahim Magu.

    NAN

  • Buhari to attend African Union summit in Addis Ababa

    Buhari to attend African Union summit in Addis Ababa

    President Muhammadu Buhari will today depart for Addis Ababa, Ethiopia to participate in the 30th Ordinary Session of the Assembly of Heads of State and Government of the African Union (AU).

    A statement by the Special Adviser on Media and Publicity, Femi Adesina, said the highlight of the President’s engagements during the visit would be his statement under the historic theme for the AU Summit, namely: “Winning the Fight against Corruption: A Sustainable Path to Africa’s Transformation.”

    “This is the first time in the 54-year history of the AU that anti-corruption will be made a theme of the gathering of the regional leaders.

    “It would be recalled that on July 4, 2017 during the 29th Session of the AU, African leaders unanimously endorsed President Buhari to champion the fight against corruption on the continent. The endorsement was in recognition of his personal commitment and widely acclaimed anti-graft drive at the domestic level.”

  • Africa still in shock at Trump’s vulgar comments on Africa: Mahamat

    Africa still in shock at Trump’s vulgar comments on Africa: Mahamat

    AU Chairperson Moussa Mahamat said on Thursday African leaders and citizens are still in shock at vulgar comments about the continent attributed to U.S. President Donald Trump.

    Mahamat was speaking during the opening session of the 32nd Ordinary Session of the Executive Council of the AU in Addis Ababa, Ethiopia.

    “At the time of the convening of the meeting Africa has not yet finished digesting the statements and pronouncements made by U.S. President which has deeply shocked through the messages of despise and hatred and the desire to marginalise and exclude Africa,” said Mahamat.

    He also said Africa won’t keep quiet in the face of hateful comments.

    Trump reportedly used the word “shithole” to describe African countries, Haiti and El Salvador while discussing immigration issues with U.S. lawmakers earlier this month.

    Read Also:Nigeria summons U.S ambassador over Trump’s ‘shithole’ comment

    Trump’s alleged remarks have caused outrage across the world with officials in African, European, Latin American countries and UN expressing condemnation and summoning U.S. diplomats in protest.

    The AU Executive Council meeting will last two days and bring together foreign ministers of the 55 African Union Member States and senior AU officials.

    The Executive Council will consider draft decisions and declarations of the session with recommendations for consideration by the Assembly of the AU Heads of State and Government, scheduled to take place between Thursday and Friday.

    NAN

  • IMF sees Uganda 2017/18 growth at 5 per cent

    IMF sees Uganda 2017/18 growth at 5 per cent

    Uganda’s economy is seen expanding by five per cent in the 2017/18 fiscal year, up from four per cent in the previous period, lifted by favourable weather, the International Monetary Fund said.

    The East African economy is Africa’s biggest coffee exporter followed by Ethiopia and also cultivates a range of other agricultural commodities including tea, cocoa and tobacco.

    “Growth is projected to reach five per cent in 2017/18 (July-June) from four per cent in 2016/17, supported by
    better weather conditions,” the IMF said in a statement released late on Friday.

    Private sector credit growth remained slow, and the IMF praised the central bank for extending its ongoing policy easing cycle.

    Last month Bank of Ugandan, the central bank, cut its benchmark policy rate by 50 basis points to 9.5 per cent.

    It was the first time the bank had lowered the rate to below the psychologically important level of 10 per cent since the country introduced an inflation targeting monetary policy in 2011.

    The IMF said core inflation was projected to remain around the medium term target of 5 per cent.

    NAN

  • Africa must reposition its economy to attract investors – Osinbajo

    Africa must reposition its economy to attract investors – Osinbajo

    Vice President Yemi Osinbajo has called on Africa to reposition its economy in the direction that will attractive investors because investment depends on the advantages derivable.

    Osinbajo made this call while interacting with a committee of African Ambassadors to Indonesia led by the dean of the group, Ms Alice Mageza of Zimbabwe, on the sideline of his two-day working visit to Jakarta.

    The Ambassadors include those of Egypt, Ethiopia, Algeria, Libya, Morocco, Mozambique, Somalia, South Africa, Sudan and Tunisia.

    Mr Laolu Akande, Spokesperson to the Vice President on Media and Publicity disclosed this in a statement made available on Tuesday in Abuja.

    The statement quoted Osinbajo as saying that Africa’s indices of having the lowest integration statistics as well as the lowest GDP ratio can only be reversed by preparing the continent for quality investments that will benefit the people.

    The vice president, who was responding to questions from the Ambassadors on the future of Africa’s economic prosperity, said, “the quality and quantum of potential investors in Africa is huge.

    “But that the way that such investments will go will depend on the advantages that the investors get from investing in such economies.

    “We in Africa must prepare our economies in that direction that attracts such huge and qualitative investments. It is for us to push and we must push,’’ he said.

    On the kinds of investments that Africa desires, Osinbajo said African must focus on the manufacturing sector.

    He noted, “the most important thing for Africa is that whoever wants to invest in our countries should start in manufacturing.’’

    He, however, urged African diplomats in Indonesia to work together in the quest for attracting investment opportunities to Africa.

    Osinbajo said, “if you negotiate together, it is probably going to be more effective than if we negotiate separately.’’

    Earlier, Vice President met with Indonesian business leaders under the auspices of the Indonesian Chamber of Commerce and Industry, where he stressed the need for Indonesian companies to increase their investment portfolios in Nigeria.

    “Nigeria would like to see more Indonesian companies invest in the manufacturing sector even though there are quite a few activities going on in Nigeria; there is also room for more collaboration and cooperation.

    “The opportunities in the various sectors comprising oil and gas, manufacturing are huge because the major incentive lies in the market, the Nigerian and the West African markets.’’

    Giving an overview of ongoing projects in Nigeria and collaborations between Indonesian and Nigerian businesses, Osinbajo said Nigeria would need a rolling stock in its railway revitalization project.

    He outlined the various incentives given by the Federal Government to attract investors into Nigeria as, government’s efforts at increasing foreign exchange availability through the NIFEX market.

    Others he said include approval of pioneer status for some category of companies to enjoy a range of incentives; establishment of special economic zones; initiatives to increase foreign exchange availability and opening up of marginal fields.

    Earlier, some members of the Indonesian Chamber of Commerce and Industry also expressed concern about the declining value of the Indonesia-Nigeria trade which currently stands at $1.70 billion dollars from $3.18 billion in 2012.

    The chairman of the Indonesian Chamber of Commerce and Industry, Mr Rosan Roeslani said, “being the 15th largest economy in the world, Indonesia through its investors is desirous of increasing its portfolios to levels that justify Nigeria’s position as the country’s biggest trading partner in Africa.’’

    He said Osinbajo’s visit to Indonesia and meeting with the business leaders are strong indications that Nigeria is ready to take her pride of place among Indonesia’s biggest trading partners in the world.

    On her part, the Chief Executive Officer of Indonesia Exim Bank, Shintya Roesly expressed the readiness of the bank to support the revitalization of trade relations between both countries.

    She said this will be through the financing of import and export activities with a view to making even the balance of trade between the two countries.

    Roesly stressed the need for creation of a roadmap and the establishment of a working group with timelines to enhance trade development between both countries.

    Mr Daniel Purba, the representative of PERTAMINA – Indonesian state-owned oil and Natural Gas Corporation said the company has already opened discussions with stakeholders in Nigeria’s oil and gas industry.

    According to him, this is with the view to investing in Nigeria’s upstream assets.

    There were other interests expressed by investors in the railway, aviation, agriculture and foods sectors.

    The Vice President was accompanied to the meeting by Mr Hakeem Balogun, Nigeria’s Ambassador to Indonesia; Dr Kayode Fayemi, Minister of Mines and Steel Development; Hajiya Zainab Ahmed.

    Others include the Minister of State for Budget and National Planning; Sen. Babafemi Ojudu, the Political Adviser to the President, and other top government officials.

    NAN

  • Trump hosts Buhari, other African leaders, lauds Ebola defeat

    Trump hosts Buhari, other African leaders, lauds Ebola defeat

    U.S. President Donald Trump on Wednesday hosted President Muhammadu Buhari and other African leaders to a working lunch on the sidelines of the 72nd UN General Assembly in New York.

    Trump, who said he was greatly honoured to host the lunch, which took place at the New York Palace Hotel, described African leaders as “partners for promoting prosperity and peace.

    “I’m greatly honoured to be joined by leaders of Nigeria, Côte d’Ivoire, Ethiopia, Ghana, Guinea, Namibia, Senegal, Uganda and South Africa. In particular, I want to thank President Condé, who is representing the African Union,” he said.

    “In this room, I see partners for promoting prosperity and peace on a range of economic, humanitarian and security issues.

    “We hope to extend our economic partnerships with countries who are committed to self-reliance and to fostering opportunities for job creation in both Africa and the United States.

    “Africa has tremendous business potential. I have so many friends going to your countries, trying to get rich. I congratulate you.

    “They’re spending a lot of money. But it does – it has tremendous business potential and representing huge amounts of different markets. And for American firms it’s really become a place that they have to go – that they want to go.

    “Six of the world’s ten fastest-growing economies are in Africa. Increasing American trade and investment across diverse industries – including agriculture, energy, transportation, healthcare, travel, and tourism – will further transform lives throughout the continent.”

    He said “Africa, I have to say, is a continent of tremendous potential. The outlook is bright. I look forward to hearing from you and your advice during the meal.”

    The U.S. leader said  he was eager to closely know more African leaders! noting tha “I really want to congratulate you – growing very fast economically and in every other way. You’ve done a terrific job, you’ve had some tremendous obstacles placed in your path, but you have done really an absolutely incredible job.”

    Trump pledged that the U.S. would partner with African countries and organisations, like the African Union, leading successful efforts to end violence to prevent the spread of terrorism, and to respond to humanitarian crises.

    “I commend your troops currently serving in the field. Very brave. Very, very brave what they’re going through. But we cannot have prosperity if we’re not healthy.

    “We will continue our partnership on critical health initiatives. Uganda has made incredible strides in the battle against HIV/AIDS. In Guinea and Nigeria, you fought a horrifying Ebola outbreak.

    “Namibia’s health system is increasingly self-sufficient. My Secretary of Health and Human Services will be traveling to Africa to promote our Global Health Security Agenda.”

    The U.S. leader, however, regretted that too many people were suffering from conflict in Africa, pointing out the Central African Republic, the Congo, Libya, Mali, Somalia and South Sudan, among others, “were going through dangerous times.”

    He noted that terrorist groups, such as ISIS, al-Shabaab, Boko Haram, and al Qaeda threaten African peace, adding that the U.S. was proud to work with African leaders toward eradicating terrorist safe havens, to cut off their finances, and to discredit their depraved ideology.

    “And a number of you have told me – actually, last night – that we’ve been doing a very good job over the last six or seven months in particular,” he said.

    Trump said the U.S. was closely monitoring and deeply disturbed by ongoing violence in South Sudan and in the Congo, adding that U.S. had continued to provide humanitarian assistance but real results in halting the conflicts would require an African-led peace process and sincere commitment of all parties involved.

    “And I know you’re working on that, and you’re working on that very hard to assist in these efforts, I’m sending Ambassador Nikki Haley to Africa to discuss avenues of conflict and resolution and most importantly, prevention”.

    Trump, at the dinner attended by Minister of Foreign Affairs Geoffrey Onyeama and the Permanent Representative to the UN, Prof. Tijjani Bande, also discussed Africa-U.S. partnership against the nuclear weapons threat from North Korea, describing it “a global challenge.

    “Today, the world faces enormous security threat from North Korea. We must all stand together and be accountable in implementing UN sanctions and resolutions in response to North Korea’s hostile and menacing actions.

    “We believe that a free, independent and democratic nation, in all cases, is the best vehicle for human happiness and success. Thank you for joining me for this critical discussion about challenges and opportunities in our nations”, Trump said.

  • ‘Kenya, Ethiopia compete with Nigeria for investment’

    Nigeria, South Africa and Egypt are facing increasing competition for investment from Kenya and Ethiopia, a newly released Africa Risk-Reward Index, has said.

    The Africa Risk-Reward Index provides investors with a synthesis of risks and opportunities across the African continent. The Index was developed by Control Risks and Oxford Economics.

    Control Risks is a global risk consultancy, which helps organisations in the world to understand and manage the risks and opportunities of operating around the globe, particularly in complex and hostile markets.

    Oxford Economics is a world leader in global forecasting and quantitative data analysis, acting as a key adviser to corporate, financial and government decision-makers, and thought leaders.

    The report showed that Africa’s economic giants including Nigeria, South Africa and Egypt have been stumbling recently.

    It stated that economic downturn and militancy in Nigeria, rising security risks and political instability in Egypt, and escalating political risks in South Africa led to doubts whether the balance between risks and opportunities in these markets was still favourable for businesses.

    The report added that despite recent recovery in Nigeria and South Africa, Kenya and Ethiopia might soon outshine these economic giants in the competition for investment.

    Giving more insights, the report put Nigeria’s reward score at 6.0 (out of 10), ahead of South Africa and Egypt. It stated that Nigeria’s charms, however, fade against a risk score of 7.3 (out of 10), as President Muhammadu Buhari’s government struggles through its first term.

  • CAMPUSLIFE man represents West Africa at Ethiopia climate workshop

    CAMPUSLIFE man represents West Africa at Ethiopia climate workshop

    An Australia-based non-profit organisation, Climate Tracker, has hosted 17 young Africans from across the continent to a Climate Change Journalism Workshop in Addis Ababa, Ethiopia. The workshop was aimed at training young journalists on the art of reporting climate issues and in their communities.

    The event hosted participants from nine countries, including Egypt, Botswana, Malawi, Zambia, Zimbabwe, Uganda, Sudan, Ethiopia and Nigeria.

    A Corps member and CAMPUSLIFE man, Caleb Adebayo, was picked from Nigerian to represent West Africa.

    The workshop had training sessions during which the participants were taken through topics ranging from climate change science and United Nations (UN) negotiations on climate change.

    Terhi Lehtinen, the Deputy Head of Delegation of the European Union (EU) to Ethiopia, opened the event with a discussion about EU’s efforts to make Africa safe from the climate change effects.

    According to her, a new legislative framework was ratified by EU parliament to reduce carbon emissions by 40 per cent by 2030. She said: “The European Union believes taking action on climate change goes hand in hand with economic transformation.”

    Mr Binyam Yakob, a UN negotiator from Ethiopia, spoke on the negotiation process and how African countries could explore Public Private Partnerships (PPP) to achieve green goals.

    Session on African Union’s efforts in climate change negotiations was taken by Leah Naess, who represented the African Union (AU).

    There were also sessions on data journalism, media tools and investigative journalism taken by the Director of Climate Tracker, Chris Wright. The participants were given hands-on training and were divided into different working groups to exchange ideas on how to tackle the climate challenge.

    At the end of the week-long event, participants went on a tour of Gullele Botanical Garden in Addis Ababa, the biggest botanical garden in Africa. Afterwards, they were engaged in a tree-planting exercise in communities around the capital city.

    A participant from Botswana, Mmabatho Motsamai, promised to impart the knowledge learnt from the training in her community, saying: “I am glad to be a part of this. I learnt a lot from the facilitators, especially about climate journalism. I have built a great network of young climate journalists and I hope to impart the knowledge learnt on them.”

    Leena El-Deeb, a journalist from Egypt, said she was excited about visiting Ethiopia for the first time, noting that she was thrilled about the experience she had at the workshop.

    Caleb said: “This is an awesome experience for me, having worked with most diverse teams on the most difficult projects and delivered on them within short periods.”

    He expressed optimism that the knowledge garnered at the workshop would transform communities in Africa. He added: “I intend to do a step-down training so we can have more competent climate journalists.”

    He praised The Nation for creating CAMPUSLIFE platform, which he said had helped him accessed opportunities. He said: “I attended periodic journalism workshops, which The Nation held to train students on journalism. This platform made me a fine journalist and prepped me for this opportunity.”

    Caleb is the founder of Earthplus, a Lagos-based non-profit organisation, committed to environmental sustainability in Africa.

  • 7.9m Ethiopians to be empowered

    7.9m Ethiopians to be empowered

    Ethiopia’s Minister of Agriculture and Natural Resources, Mr Damene Darota, on Friday, said the ministry planned to lift close to 7.9 million rural Ethiopians from “absolute’’ poverty.

    The ministry, currently evaluating major activities implemented during the just-concluded 2016-2017 fiscal year, revealed the country’s plan to improve the economic conditions of the Ethiopians, mainly in the rural part of the country.

    Ethiopia, as part of its agenda for 2025, aspires to become a middle-income country.

    Darota said that the plan was part of the country’s second five-year Growth and Transformation Plan (GTP II) effective from 2015 to 2020.

    “Close to 6.6 million of them, who are able to engage in various economic activities, were provided with an opportunity to participate through climate conservation, irrigation development and other agricultural activities in the last six months.

    “The remaining 1.3 million economically deprived citizens, who are either physically disabled or older people, are receiving support from the government,’’ Darota said.