Ethiopia Obtains 753 Million USD in Export Revenue in First Quarter
Addis Ababa, October 30, 2011 (Addis Ababa) -Ethiopia said it has secured 753 million US dollars from the export of different commodities to abroad in the first quarter of this Ethiopian fiscal year, the Ministry of Trade said.
The amount of foreign exchange earning in which the country got during the reported period exceeds that of last year same period by 189.6 million US dollars.
The country has exported 275, 611 tons of agricultural products and commodities during the stated period to abroad.
Coffee, cereals, oilseeds, live animals, gold and other mining products , kaht, flower and horticultural products were among the the export items in which the country exported to abroad during the reported period.
Ethiopia has shipped its products mainly to Germany, Somalia, China, Sudan, Saudi Arabia, America, Japan and other middle east and European countries.
Ethiopia has planned to obtain a 4.7 billion US dollars foreign currency in 2004 EC
Interview with Ato Abraham Gebremedhin from Diaspora Office Tigrai
Ato Abraham explained to online audience at gezategaru the latest directive from Tigrai national government in regard to city land lease holders who are late for more than five and half years to finish up their investment buildings.
The other horn of Africa
Behind the stock images of a region trapped in chaos and despair, economies are growing, reform is increasingly embraced, and governance is improving.Of course, no one should gainsay the importance of combating famine, piracy, and terrorist groups like the radical and murderous Al Shabaab. But, at the same time, we have seen my homeland, Somaliland, witness its third consecutive free, fair and contested presidential election. And Ethiopia has emerged as one of the world's fastest-growing economies, with GDP up 10.9 per cent year on year in 2010-2011.
Gilgel Gibe III and clean, green, energy
Survival International is continuing its campaign to prevent Ethiopia developing its clean energy resources and “green power” schemes planned under the current Growth and Transformation Plan. The claim that Gilgel Gibe III will have devastating social and environmental effects on the Lower Omo Valley and the Lake Turkana region is no more than an assertion. The possible impacts have been addressed in detail in the Environmental Impact Assessment studies already carried out...
Ethiopian Diaspora in the UK raise 2 million Birr for Construction of the Grand Renaissance Dam.
On 29th October, Ethiopians and foreign nationals of Ethiopian origin residing in the UK raised about 2 million birr, by way of bond purchases, pledges and gifts, on the first Bond Selling Day to be held in London.
According to the UK Renaissance Dam Diaspora Participation Coordination Council, members of the Ethiopian community had already pledged close to one million birr which brings the total to about 3 millions birr.
Ethiopia’s Growth Plan Raises Economic Risks, World Bank Says
Oct. 28 (Bloomberg) -- Ethiopia’s economic growth plan is “over-ambitious” and relies too much on state-owned companies to boost manufacturing, a World Bank official said...“We don’t think having state-owned enterprises doing manufacturing is the right way to create sustainable growth,” Toulmin said. “If the goals are to be achieved then the private sector has really got to scale up its activity...
The Elephant in the Room: Population and Economic Growth Discourse in Ethiopia
Tsegaye Tegenu October 27, 2011-
The world’s 7 billionth baby will be born on 31 October 2011. Researchers, policymakers,governments, civil society and social medias are expressing their concern over the effects of an ever increasing number of people on the planet and the greater demand on food, healthcare,education and jobs. According to the recent report released by UNFPA.
Constitutional Maneuvering: Derg Officials, PM’s last remark in Parliament, vertical Delegation etc Amel L. Oct 25, 2011-Despite relatively clear provisions specifying which powers go to which level of government, recent developments indicate that delegation is also employed when one level of government ‘wishes’ to transfer its power albeit temporarily to the other level of government. Yet at times this raises crucial issues to the front that are hardly debated in public on the risks involved in using such practice. Federal principle of constitutionally enshrined and guaranteed division of power implies that...
The Renaissance Dam Project a
Shimelis Amare 10/21/11-
All things considered, supporting the Renaissance Dam project is the right position to take. We
should support this project not only because it is absolutely necessary for development, but also
it gives us a chance to come together to carry out a project...