Monday, April 17, 2017

Ethiopia receives $150 Million credit from World Bank to reduce trade logistics costs\


The World Bank’s Executive Board has approved a new $150 million project to increase the efficiency of trade logistics in Ethiopia.

The project will focus on improving the Modjo Dry Port, a key transportation hub that handles 95% of Ethiopia’s trade, but which is a major bottleneck on the vital Ethio-Djibouti trade corridor. It will also support investments in physical infrastructure and ICT systems, as well as regulatory improvements which will increase exports, generate jobs, and raise incomes of producers and traders.

“The logistics sector is the backbone for industrial and agricultural growth, the success of which is crucial if Ethiopia is to meet its goals as articulated in the Growth and Transformation Plan,” said Carolyn Turk, World Bank Country Director, Ethiopia.

“The success of Ethiopia’s large-scale investment in industrial parks and the new rail line to Djibouti will depend on their connectivity to different logistics nodes along trade corridors.”

The move to a modern logistics system requires the effective participation of a variety of logistics providers. The project therefore supports public investment in critical infrastructure, and increasing the role of the private sector in providing logistical services.

Consistent with Ethiopia’s Logistics Strategy, the vision for Modjo is to evolve from being a single-user dry port that focuses on customs clearance, to a multi-user, multi-purpose facility, where third party logistics providers gather together to provide modern services.

“Higher-than-average trade costs are undermining Ethiopia’s international competitiveness,” said Klaus Tilmes, Director in the World Bank Group’s Trade & Competitiveness Global Practice. “By enhancing the performance of the Ethio-Djibouti corridor through improvements in the range and quality of logistics services at Modjo Dry Port, and reducing burdensome regulations in customs, trade finance and trade facilitation, the government will be able to reap the benefits of trade that help to drive growth and reduce poverty.”

The project supports the World Bank Group’s twin goals of reducing extreme poverty and enhancing shared prosperity. Improving transport and logistics for fertilizers and grains will increase smallholder farmers’ agricultural productivity and reduce food insecurity.

Source; www.worldbank.org

Sunday, February 12, 2017


The Weeknd’s gift to Ethiopian Studies at work in Toronto

The Weeknd‘s donation to the University of Toronto was a response to a challenge by one of the professors in the Middle and Near Eastern Studies Department.

The Ethiopian-Canadian musician is a global superstar these days, with 5 Juno Award nominations for his latest album, Starboy,
He is performing at the Grammy’s this Sunday night, February 12th, 2017, in an interesting mash-up.
We’ll hear more about the donation, the department, and the ancient Ethiopian language that’s coming to life at U of T on the Saturday column.

Zethiopia Event

ከዘኢትዮጵያ ታሪክ እና ባለ ታሪኮች

ከዘኢትዮጵያ ታሪክ  እና ባለ ታሪኮች
ይህን ቅርስ በአደራ ጠብቀውና ተከላክለው ያቆዩት ብ/ር ጄነራል ፍሬሰንበት አምዴ ነበሩ። በቅርቡ ከዚህ ዓለም በሞት ተለይተዋል። ላለፉት 30 ዓመታት ቤተመንግሥትን በዋናነት ሲያስተዳድሩ ከነበሩት ጄነራል ፍሬሰንበት ህይወት ጋር አብሮ የሚጻፍ ብዙ ታሪክ አለ። ለምሳሌ እነዚህ ይገኙበታል (ለማንበብ ፎቶ ግራፉን ይጫኑ)