summery as reported by thembelani tukwayo the ethiopian...
TRANSCRIPT
Ethiopian Embassy , Pretoria
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Media outlets:
Business Day
Out-law.com
All Africa
The star
Fanabc.com
Issue: Ethiopian airlines doing so well
Media outlet: Business Day
Headline: Ethiopia can help SAA fly
Date : October 19, 2017
Summery : As reported by thembelani Tukwayo - the Ethiopian airlines has been doing
so well that it has ordered 10 Airbus A350-900S and is expanding the airport at Addis Ababa
as it looks to grow passenger numbers to 22-million a year.
Ethiopian Airlines recorded an 18% increase in passenger numbers in 2016 and made a
handsome profit of $273m in the 2015-16 financial year. Surely, these guys know a thing or
two?
According to Mr.Thembelani Tukwayo the SAA should seek advice from profitable airlines.
..
October 2017
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Issue: Ethiopia is attracting more FDI
Media outlet: All Africa
Headline: Africa: 'Country Has Become Africa's Investment Hub for Textile and Garment
Industry'
Date : October 18, 2017
Summery : As reported by Bilal Derso - Ethiopia's non-oil driven rapid economic growth,
which has got recognition by international financial institutions is attracting more Foreign
Direct Investment (FDI) to the country. The government's massive infrastructural
development projects such as industrial parks, roads, railways, airway, electricity and
telecommunications are also widely believed to be major factors in drawing FDI.
Ethiopia has attained significant investments during the last fiscal year and it has obtained
4.18 billion USD from FDI. The amount has exceeded what was gained in the previous year
by over 900 million USD and hitting 93 percent of the plan.
The Ethiopian Investment Commission Commissioner, Mr. Fistum Arega said on an
interview with the reporter that the commission set a target to obtain 4.5 billion USD from
FDI in the current fiscal year taking advantage of the huge industrial parks development and
encouraging the private sector's involvement in the endeavor. The Commission is working to
attract foreign companies to the existing industrial parks and inspiring them to get involved in
the parks' development and expansion activities.
According to the report the government of Ethiopia has been paying due attention to keep
this momentum going, and has been providing export incentives, customs duty exemption,
income tax holidays and land in competitive lease price for foreign investors and encouraging
them to build new industrial parks.
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Issue: European investment Bank initiative to support companies in Ethiopia.
Media outlet: Out-law.com
Headline: European Investment Bank backs fund ‘to expand firms in Ethiopia’
Date : Oct 20, 2017
Summary : European investment Bank, as reported by out-law.com,will support private equity
investment across Ethiopia through support for the new $100 million Cepheus Growth Capital Fund.
The bank, out-law.com said, with its $10m participation represents the first backing for an
Ethiopia-focused fund and “one of the first engagements with a single country private equity
fund in Africa by Europe’s long-term lending institution”.
New private equity investment will provide the necessary capital injection to enable private
sector growth, helping Ethiopia achieve the target set out in its Growth and Transformation
Plan II, to transform into an industrialised middle-income country by 2025.
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Issue: Ethiopia’s leading the way for manufacturing
Media outlet: The star
Headline: Why Ethiopia is overtaking Kenya in the race to become the 'New China'
Date: Oct. 17, 2017
Summary : As reported by Abel Muhatia - Ethiopia, is leading the way as Africa’s 21st
century center for manufacturing, has the best likelihood of being the “New China”.
The study, by the Centre for Global Development, rates labor and capital costs per worker as
top reasons for the country's attractiveness.
As per its findings, the labor cost per Kenyan worker is Sh218, 725 compared with
Bangladesh where it is Sh86, 230 and Sh93, 872 in Ethiopia.
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Issue: Medical support for victims of Mogadishu attack
Media outlet: Fanabc.com
Headline: Ethiopia provides medical supplies to victims of Somalia attack
Date : October 20, 2017
Summary : As reported by Amare Asrat - Ethiopia has provided medical supplies for victims of the
recent terrorist attack occurred in Mogadishu, the capital of Somalia.
The international communities, including Djibouti, Kenya, Qatar and Turkey, have been providing
support for the government of Somalia. Condemning the attack, Ethiopia extended its condolences to
President Mohamed Abdullahi "Farmajo" and families of the victims.
It is to be recalled that last Saturday, a truck filled with explosives blew up on a busy street of
Mogadishu killing about 300 people.
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Office address
Tel : (012) 346 4067
Fax : 012 346 3867
E-mail: [email protected]
Location
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Bailey’s Muckleneuk
Brooklyn 0181
Pretoria, South Africa
Visit Inspiring Ethiopia and You will not be the same. From the heights of chain of mountains with endemic
fauna and flora to the lowest point of Dallol, from million years of history to the modern experiences, a mosaic
of culture and soul enriching wonders. Travel through the Land of Origins and proof the country is original in
many ways.
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