African countries must set very high economic growth targets for themselves in order to get out of poverty, a Senior Adviser to Ethiopia’s Prime Minister said in Addis Ababa today. The continent cannot depend on the rest of the world to escape being the world’s poorest continent, Mr. Newai Gebreab, a Senior Chief Economist in …
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NEPAD Agency urges Africa to set high growth targets
January 31st, 2012 | Posted by in News - (Comments Off)Missing the point – Eritrea’s response to criticism
January 29th, 2012 | Posted by in News - (Comments Off)On Monday this week, the Eritrean Ministry of Foreign Affairs addressed a letter to the United Nations Security Council. It was its usual attempt to deny any report of its activities in continuing its repeated efforts at destabilization in the region. It is after all only a few days ago that tourists in the Afar …
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Ethiopia’s New Solar-Powered Cell Phone Charging & Water Service
January 29th, 2012 | Posted by in News - (Comments Off) Out in the middle of Ethiopia, fresh water and electricity are hard to come by. It is partly for this reason that the country’s Prime Minister Meles Zenawi has been pushing so hard to implement the controversial Grand Renaissance Dam that will re-write Egypt’s historical control of …
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Addis Ababa, Radisson Blu, a subsidiary of Rezidor Hotel Group, built at a cost of about half a billion birr opened its door softly early this week. Radisson, the third international hospitality chain for Ethiopia, started part of its luxury services including partial, restaurant, cafe and bar services. The nine storey global brand …
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AU Unveils New Headquarters in Ethiopia Ahead of Summit
January 29th, 2012 | Posted by in News - (Comments Off)A contest for the job of Africa’s top diplomat is expected to be the highlight of a continental summit opening Sunday in the Ethiopian capital, Addis Ababa. On the eve of the summit, the African Union inaugurated its new headquarters in the Ethiopian capital, built and donated by China at a cost of $200 million. …
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In areas once affected by famine, Ethiopia builds capacity to wipe out malnutrition
January 27th, 2012 | Posted by in News - (Comments Off)GETER MEDA, Ethiopia, 24 January 2012 –Several weeks ago, Aynadis was diagnosed with severe acute malnutrition – a condition that can be deadly if untreated.Ms. Temesgen believes her work as a field labourer contributed to Aynadis’s condition. “We don’t stay at home to feed them,” she said about mothers in their agrarian community. “We spend …
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McKinsey & Company to open an office in Ethiopia
January 24th, 2012 | Posted by in News - (Comments Off)Jan 21st, 2012 ,Addis Ababa, Ethiopia – McKinsey & Company, one of the most prestigious consultancy firms in the world specializing in management industry, is to open its office in Ethiopia, reported the English bi-weekly the Ethiopian Reporter. Headquartered in the Greater New York City area, McKinsey & Company is a firm known for the …
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Norway pledges $300 million/year to green world’s power
January 24th, 2012 | Posted by in News - (Comments Off)LONDON, Jan 18 – Norway will spend NOK 1.8 billion ($300 million) a year to devise ways to help some of the world’s poorest people get better access to energy and to develop a new market-based system to limit emissions from global energy production, a foreign ministry official said Wednesday. The Nordic nation expects to …
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Tendaho, Wonji sugar factories to commence production October
January 23rd, 2012 | Posted by in News - (Comments Off) Tendaho sugare cane plantation Addis Ababa, January 19 (WIC) – The new Tendaho, Wonji sugar factories being built in Oromia and Afar States will commence production by the coming October, according to heads of the respective factories. The heads told local journalists who visited the site recently that the factories are now 60 …
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