Addis Fortune (Addis Ababa)

3 February 2013

Ethiopia: News in Brief

CONSTRUCTION

Asphalt Road Goes Operational in Arbaminch

An asphalt road, close to 4Km, constructed in Arbaminch Town, South Regional State with over 27 million Birr has gone operational, the town municipality said. Pedestrian walkways, flood canals and bridges, among others, were also constructed in the town, Dawit Hailemariam, municipality manager said. The Gamogofa Zone and the town administration allocated the budget for the road construction, Dawit said, adding, that the public contributed support.

Publication: Ethiopian Herald, January 30, 2013.

Ethiopia, Djibouti Sign Cross Border Water Supply Agreement

Ethiopia and Djibouti signed an agreement for the construction of a water pipeline that links the two countries last week. The agreement was signed by Sufian Ahmed, minister for Finance & Economic Development (MoFED) and his Djiboutian counterpart Iyas Dawaleh. Under the agreement, Djibouti will construct a pipeline to carry water from the Ethiopian town of Hasagala, 701Km to the Guelileh boarder all the way to Djibouti city. The project will take an estimated 18 months to be completed and will supply Djibouti with 100,000 cubic metres of water, an increase from its current rate of 20,000 cubic metres.

Publication: Ethiopian Herald, January 26, 2013.

LAND

Urban Land Registration to Start in Addis

The Ministry of Urban Development & Construction (MoUDC) announced last week that it will conduct urban land and land related property registration in Addis Abeba in the current fiscal year. The draft proclamation is expected to provide legal protection to the owners and the government for the proper utilisation of land, said Mekuria Haile, minister for Urban Development & Construction. The draft has been distributed to all stakeholders and discussions are underway to gather relevant inputs from the public. The registration would also be conducted in 23 towns and cities level by level, according to Mekuria.

Publication: Ethiopian Herald, January 26, 2013.

AGRICULTURE

Close to 12.3m Hectares of Land Covered by Seeds in Ethiopia

Close to 12.3 million hectares of land has been covered with seeds in the current fiscal year, Tefera Deribew minister of Agriculture (MoA) said. The area of land covered with seeds this season exceeds by 1.5pc that of last year, according to him. There is a plan to reap over 22.5 million tonnes of main food crops.

Publication: Addis Zemen, January 29, 2013.

INVESTMENT

Investors Undertake Projects Worth 14m Br

Five investors with over 14 million Birr combined capital have engaged in different activities in Sidama Zone, South Regional State during the last six months, the zonal trade and industry department said. The projects have created more than 980 permanent and temporary jobs, according to Berhanu Woldemichael, investment promotion main work process coordinator with the department. Similar projects launched in some urban areas in the zone last year had created over 5000 jobs. The department has so far provided more than 600ha of rural land to investors engaged in agriculture, social service and industry sectors, according to Berhanu.

Publication: Addis Zemen, January 30, 2013.

EXPORT

Ethiopia Earns $195m from Export Trade

Close to 195 million dollars in revenue was secured from the export of live animals and agricultural products through the eastern part of the country over the past six months, according to the Dire Dawa foreign trade office. The revenue obtained during the reported period exceeds last year's figure by 7.8pc. Khat, coffee, fruits, vegetables, cereals and oil seeds are among the agricultural product exported.

Publication: Ethiopian Herald, January 30, 2013.

ECONOMY

Ethiopia's Economic Growth Reached 10.6pc Within Last Six Years

The Ethiopian economy has been growing at twice the rate of the rest of Africa, averaging 10.6pc gross domestic product (GDP) growth a year between 2004 and 2011, says the new report by the World Bank. The Ethiopian economic update published by the Bank attributes this economic growth mainly to agricultural modernisation, the development of new export sectors and strong commodity demand. Two and a half million people in Ethiopia have been lifted out of poverty over the past five years as the result of strong economic growth, according to Guang Zhe Chen, World Bank country director to Ethiopia.

Publication: Ethiopian Herald, January 30, 2013.

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