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  • Ethiopia launches its first geothermal well

    Ethiopia has launched its first geothermal well which was drilled and has successfully discharged steam. The project which was part of the Aluto Langano Geothermal Project supported by the Japanese government was started in 2010.

    Ethiopia’s Water, Irrigation and Energy Minister Alemayehu Tegenu and Japanese Ambassador Kazuhiro Suzuki were present to launch the geothermal well.

    According to the Japanese Embassy Press release, the project was launched in 2010 with financial assistance from the Government of Japan and the World Bank, and has been implemented jointly by the Ethiopian Electric Power (EEP), the Geological Survey of Ethiopia (GSE) and Japan International Cooperation System (JICS) and West Japan Engineering Consultants (West JEC).

    Source: constructionreviewonline.com

     

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  • St. Cloud woman wants to be Somalia’s first female president

    ST. CLOUD, Minn. (AP) — A St. Cloud woman is laying the groundwork to run for the presidency of Somalia.

    Anab Dahir, a medical clinic interpreter who has lived in St. Cloud since 2008, believes the time she has spent in the U.S., gaining experience and education, will aid in her goal of repairing her native country. She’s already spreading the word among friends, family and colleagues in anticipation of the elections next year.

    “I think the country needs me … and other people like me,” Dahir said.

    A few other women, including Fadumo Dayib of Finland, also are hoping to become the first female president of Somali, the St. Cloud Times  reported.

    “My goal is, I want to be the woman who is challenging the man,” Dahir said, adding that men haven’t succeeded in rebuilding the country over the past 25 years.

    “Now, it’s the turn of women,” she said.

    Dahir is confident that she has the qualities necessary for the job.

    Source: www.twincities.com

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  • “Ethiopia Rising”: High level event held in Addis Ababa

     

    Addis Ababa: July 15, 2015 (FBC) - A High-level Side Event entitled “Ethiopia Rising: Determined to become a Carbon Neutral Middle Income Manufacturing Hubby 2025” was held today (July 14) at Sheraton Addis Hotel, in Addis Ababa.

    The High Level event was one of the most important events held on the sidelines of the Third International Conference on Financing for Development and chaired by Ethiopian Prime Minister Hailemariam Desalegn. The High Level event was also attended by Dr. Jim Yong Kim, President of the World Bank. Private sector views from Mr. Zemedeneh Negatu, Ernst and Young Managing Partner for Ethiopia and Ms. Bethelehem Tilahun, Founder and Executive Director of Sole Rebels were presented on the business opportunities and environments in Ethiopia.

    Prime Minister Hailemariam Desalegn, opening the event, said that the government strongly believes that the private sector is a fundamental partner in the post-2015 development agenda. He calls for the business community, both national and international, to partner and play a central role in delivering the Sustainable Development Goals and in Ethiopia’s vision of becoming a middle-income economy in about a decade’s time. He said achieving and sustaining economic development will fundamentally depend on the extent to which “we can effectively mobilize both domestic and external private sector investments.”

    The Prime Minister who contrasts Ethiopia’s past history of war and instability with its current growth trajectory said “Ethiopia fits naturally into the Africa Rising narrative.” He said Ethiopia’s growth has been inclusive and enabled it to make significant progress in human development.

    The Prime Minister reiterated the Government’s determination to do more in the years ahead as “Ethiopia has crafted a long-term vision of ensuring Ethiopian Renaissance, and a medium term vision of becoming a Carbon Neutral Middle-Income Manufacturing Hub by 2025.” Hence, he said, priority was given in the Second Growth and Transformation Plan to accelerate the process of industrialization and structural transformation, by focusing in particular on job creating manufacturing industries.

    President of the World Bank, Dr. Jim Yong Kim, appreciating Ethiopia’s commitment for Climate action, said it was leading the world for low-carbon and equitable growth. The President said Ethiopia’s Climate- Resilient Green Economy Strategy is a real demonstration of its commitment and expressed his confidence that it continues its leadership in climate negotiations.

    On the development achievements of Ethiopia, Dr. Jim Yong Kim noted that Ethiopia has achieved most of the Millennium Development Goals set by the UN fifteen years ago. He commended these achievements saying: with the poverty rate in the country, no one has predicted 15 years ago that Ethiopia would achieve the MDGs. “It is an enormous achievement,” he said.

    Mr. Zemedeneh Negatu, Ernst and Young Managing Partner for Ethiopia highlighted the ten most important reasons to invest in Ethiopia: its fastest economy, its demographic advantage, its rapid urbanization, its business environment to be manufacturing hub of Africa, its infrastructure development, its huge untapped resources, its agriculture, its tourism, its operating environment and its strategic location.

    Ms. Bethelehem Tilahun, Founder and Executive Director of Sole Rebels presented her experience of building climate friendly industry based on local resources and calls for foreign investors to use the opportunities in Ethiopia.

    Source: MoFA

     

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  • Can you guess the world's top tourism destination?

     

    (CNN)You would be forgiven for thinking it was Spain, Thailand or Italy. But this year the accolade of World Best Tourism Destination has been given to a surprising candidate: Ethiopia.

    The country has been praised for its outstanding natural beauty, dramatic landscapes and ancient culture, leading the European Council on Tourism and Trade to select it out of 31 countries as this year's top holiday spot.

    Visitor numbers in the country have increased by 10% over the last decade, according to the Ethiopian Ministry of Culture and Tourism. Last year, more than 600,000 tourists visited Ethiopia, attracted by its fertile national parks, 3,000 year-old archeological history and nine UNESCO world heritage sites.

    Tourism contributed an estimated 4.5% to the country's GDP last year, generating nearly a million jobs and over two billion dollars in revenue, according to the World Bank.

     

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  • What to expect from the Addis Ababa Financing for Development conference

    Development economist Owen Barder gives an insight into what the coming five days of plenaries, roundtables and side events will be all about 

     

    On Monday 13 July, world leaders will gather in Ethiopia’s capital, Addis Ababa, for the third Financing for Development summit (FFD3). On the agenda: work out where the money will come from to fund the two processes that start this year and aim to change the future for people and planet. As Jim Yong Kim, the head of the World Bank, put it: “If we seize this moment we can accomplish the greatest achievement in human history.”

    That’s all well and good but how exactly will FFD3 differ from previous global talk shops? Owen Barder, development economist and director for Europe at the Center for Global Development, considers what the coming five days of plenaries, roundtables and side events will be all about.

    What is FFD3 and what can we expect to happen in Addis Ababa?

    Read More : theguardian.com

     

     

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