China brings jobs to Ethiopia but at what cost?
While Europe is struggling with recession, it is a very different story in Africa where the continent overall is expected to enjoy growth of 6% in 2012.
But there is concern that the fruits of economic expansion and foreign investment are not being evenly shared around.One example of Chinese investment is a shoe factory just south of the Ethiopian capital Addis Ababa,
Long-time Africa campaigner Sir Bob Geldof says people should not worry about Chinese investment in Africa and rebuffs the idea of economic colonialism.
"China is not interested in that. Africans are not going to go through that kind of experience again, ever," he says.
"Shut up, get down here, get on with it and it is mutually beneficial. You can talk about what sort of government works best, about values, about rights.
"Those things are being talked about. When they are ignored, there is no growth, just instability, war and hunger."
We could not agree any more with Sir Bob!
Current Events
Ethiopia's National Day
Press Statement
Hillary Rodham Clinton
On behalf of President Obama and the people of the United States, I am delighted to send best wishes to the people of Ethiopia as you celebrate your national day this May 28th...
FYI: The “by all means" slogan of Girgir 7 that forced them to yell like a mad dog in the middle of a very important world forum may have ended costing them (ginbot 7) their best prize to-date! Though yet to be confirmed, the bad mouth pseudo journalist will lose his credential to appear in any US government meeting and briefing! This comes on the heels of the no-but-thanks response they got from the Gates foundation for the recent approach! [Aigaforum, May 25,2012]
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Mimi, Samuel, Mesert, Yosef and Ben
Round table discussion with Local Journalist and media personalities in Addis Ababa. Topic: Diaspora extremists and "Pseudo Journalist" and more...[Zami Radio]
A fund raising event was successfully held in Athens, Greece on Dec.4, 2011 which was attended by more than 350 participants. It was organized by the Honorary Consulate and the Coordinating Committee from the community in Athens, with the participation from the Ethiopian Embassy in Rome.
The meeting was mainly to explain the objectives and importance of the Hedase Dam and the benefits of the bonds for sale to the community. At the same time, bonds were offered for sale, donations were collected and pledges made.
The result of the event was a total of Euro 20, 980.00 (Twenty thousand nine hundred and eighty Euros) or more than half a million Birr from bond sale, donation and pledges. The most unique aspect of this event is that donation was 36% of the total amount.
The committee did a wonderful job with the support of the Honorary Consul, Mrs.Terina K. Armenakis, who covered the costs for the meeting hall in a four star hotel and other expenses personally."
05-12-12 Interview with DR Sheferaw, Minister of Federal Affairs 05-05-12 Interview with Kagenew Fiseha, Ethiopian Airlines Agent North America 04-28-12 04-21-12
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