Browsing: Addis Ababa

• Ethiopia is one of the largest countries in Africa
• The US has a long diplomatic relation with Ethiopia dating 1903
• Ethiopia is building a hydroelectric dam that will generate 5,000 megawatts of electricity

Ethiopia economy is one of Africa’s fastest-growing economies with a GDP projected to trend around US$ 112 billion, representing at least 0.10 per cent of the world economy.   Thus, US-Ethiopia relations have presented rather effective diplomatic potential for one of the populous nation in the region.   

The East African nation has made noteworthy and tremendous economic improvements which have seen the nation’s GDP per capita rise from US$162 in 2005 to US$790 in 2018, an average annual growth rate of more than 14 per cent, according to information from the US Department of State.  

Ethiopia with its rich history has recorded substantial economic strides over the past decade, and the United States of America (USA) is one …

As usual, it is the scramble for Africa. This continues with the AU not condemning the anarchy by financiers of the chaos who are mostly not African.
Africa’s underground riches have for decades been driving a cabal of selfish dictators, in collaboration with their Western masters, to doing the unthinkable. Mali is the latest casualty.

Mali is rich in every sense.

The West African nation is the continent’s fourth-largest gold producer after Ghana, South Africa, and Sudan with the country’s natural resources industry dominated by gold. The country’s primary export is gold which accounted for more than 80 per cent of Mali’s total exports in 2020. …

Since November 2020, Tigray’s rebel forces have been fighting Ethiopia’s military forces, leaving hundreds in humanitarian crises and with countless deaths. This poses a threat to the rest of the region and to Ethiopia’s development initiatives. Ethiopia’s two neighbouring countries, South Sudan and Somalia, are also in deep civil conflict.
The World Bank (WB), one of Ethiopia’s close development partners, argues that its location gives this nation of more than 112 million people a strategic dominance as a “jumping-off” point in the Horn of Africa, close to the Middle East and its markets.
The second most populous country with the fastest growing economy in the region has impressed the globe with its development pace, from enhancing its aviation power to increasing infrastructure to make the country more accessible and up to speed. …

KQ has also increased the number of flights to Dar es Salaam and Entebbe from 14 to 16 while Kinshasa has seen an increase from 5 to 8.
Some Western countries like the UK and the US have issued travel advisories to their citizens, against travelling to Ethiopia.
The British Embassy has advised its citizens to leave Ethiopia while commercial flight opportunities are still available. The European nation has said that leaving Ethiopia may be difficult or even impossible in the coming days. …

The development is located on a river and overlooks protected forest land. It is in close proximity to many shops, restaurants, hospitals, and the airport.

Strong emphasis was placed on local procurement and contracting local professional firms. Approximately 750 construction jobs were created as a result of the development.…

Canada, the world’s second largest country and the fastest economy among G7 has set aside $10 million for developing African women, and slated potential investment agreement with Ethiopia.

The $10-million contribution is to the African Union Commission for gender equality and women empowerment.

The Canadian Prime Minister (with his first visit to Ethiopia) spent the first full day of a three-day trip to Addis Ababa meeting with some of the African Union’s heaviest performers in a series of one-on-one on the sidelines of the union’s 33rd sessional meeting in Addis Ababa.

READ:Ethiopian Airline’s CEO reveals new airport underway

Canada and Ethiopia

According to the Canadian media, Global news, Trudeau said Canada and Ethiopia are about to start negotiating a Foreign Investment Protection Agreement.

Also, the Canadian Trade Minister Mary Ng, who is in Africa with a trade delegation of Canadian companies, wouldn’t say how long those negotiations could take …

Envoys representing member states voted in a secret ballot giving Kenya the nod to contest at the UN polls next year in June…

The Ethiopian banking sector is comprised of the National Bank of Ethiopia (NBE), two government-owned banks and sixteen private banks.…