Ethiopia, China Ink Five Agreements (April 24, 2019)

Ethiopia, China Ink Five Agreements (April 24, 2019)

Prime Minister Dr Abiy Ahmed met with Prime Minister Li Keqiang to discuss the further strengthening of Ethiopia-China relations.

Premier Li Keqiang confirmed that China will continue to support Ethiopia’s efforts in promoting the wellbeing of its citizens and its economy.

Both Prime Ministers presided over the signing of five agreements that reflect the deepening of these relations, according to office of the Prime Minister.

The agreements signed include, financing agreement for development of a plaza and 12km of the ‘Beautifying Sheger’ river bank project, provision of grants for technical cooperation, provision of grants to go towards food aid, Belt and Road Initiative five year cooperation plan and an MOU operationalizing cooperation under FOCAC.

Ethiopia, China Sign USD 1.8bln Investment Agreement (April 24, 2019)

Ethiopia, China Sign USD 1.8bln Investment Agreement (April 24, 2019)

Ethiopia and China have signed a 1.8 billion US dollars investment agreement which covers provision of electric power transmission and distribution lines.

The agreement was signed following Prime Minister Dr Abiy Ahmed’s meeting with State Grid Corporation of China, according to Office of the Prime Minister.

PM Dr Abiy also oversaw the signing of the agreement in Beijing, China.

The project will supply power for up to 16 industrial parks; the Addis Ababa to Djibouti 2nd railway line and for different cities in the country, the office added.

The agreement will facilitate not only uninterrupted power supply but also enable the creation of jobs, it was noted.

In a related development, the Prime Minister met with the leadership of the China Railway Construction Corporation (CRCC) in Beijing, China yesterday.

CRCC’s current largest engagement includes connecting Ethiopia and Djibouti through the railway project.

CRCC have expressed interest in investing in agro-industry parks development, oil and gas development and the beautifying Sheger river project.

The Prime Minister also met with the China Export and Credit Insurance Corporation (Sinosure).

They guaranteed their full cooperation, particularly in enabling the materialization of the investment in energy by the State Grid Corporation of China.

China Cancels Interest-Free Loans Matured Till End of 2018 (April 24, 2019)

China Cancels Interest-Free Loans Matured Till End of 2018 (April 24, 2019)

Prime Minister Dr Abiy Ahmed and his delegation met with Chinese President Xi Jinping in a bilateral meeting ahead of the Belt and Road Forum.

The Chinese President admired the leadership of Prime Minister Dr Abiy and the reforms he has led over the past year, noting that China holds Ethiopia’s development in high regard, according to office of the Prime Minister.

He also shared the cancellation of interest-free loans matured till end of 2018.

Furthermore, President Xi emphasized that the Chinese government attaches high importance to the beautifying Sheger project and is working on a grant assistance in its support.

Both parties agreed to a strengthened cooperation between the two countries in various sectors, according to office of the Prime Minister.

PM Dr Abiy for his part shared with the commitment of Ethiopia to deepening the Comprehensive Strategic Partnership with China, which is enabling critical moves like restructuring the debt of the Addis Ababa-Djibouti railway.

The railway project is an early harvest of the Belt and Road Initiative that Ethiopia is part of.

In addition to a common understanding on global, regional cooperation and bilateral issues, PM Dr Abiy also expressed his concern on the detainment of the young female engineer Nazrawit Abera.

Prime Minister Dr Abiy arrived in China yesterday to attend the second Belt and Road Forum for International Cooperation (BRF), which will be held on April 25-27 in Beijing.

This year’s forum will be held under the theme “Belt and Road Cooperation: Shaping a Brighter Shared Future.”

The forum events include leaders’ round-table, high-level meeting, thematic forums, CEO conference and other side events.

Representatives from over 100 countries, including 40 leaders of foreign governments have confirmed their attendance.

The first Belt and Road forum was held in 2017.

Deputy PM Demeke Attends AU Summit on Sudan, Libya Situations (April 23, 2019)

Deputy PM Demeke Attends AU Summit on Sudan, Libya Situations (April 23, 2019)

Deputy Prime Minister Demeke Mekonnen attended the African leader’s emergency summit held in Cairo, Egypt today to address the situations in Sudan and Libya.

The summit was also attended by several African heads of state, including Egyptian President and current chairman of the African Union (AU), Abdel Fattah al-Sisi.

Speaking after the summit, Sisi said the meeting agreed to give Sudan’s ruling military council three months to implement democratic reforms.

The decision extends a 15-day deadline given by the African Union last week for the Transitional Military Council (TMC) of Sudan to hand over power to a transitional civilian-led political authority.

The TMC took over power after President Omar al-Bashir was ousted on April 11.

PM Dr Abiy Arrives to China to Attend BRI Forum (April 23, 2019)

PM Dr Abiy Arrives to China to Attend BRI Forum (April 23, 2019)

Prime Minister Dr Abiy Ahmed arrived in China today to attend the second Belt and Road Initiative (BRI) forum which will be held on April 25-27 in Beijing.

Launched close to six years ago, BRI is an ambitious effort aimed at strengthening infrastructure, trade, and investment links between China and some 65 other countries.

Ethiopia is among the first batch of African countries that signed cooperation documents concerning jointly building the Belt and Road.

With Chinese support, it is playing a bigger role as a bridge and a link for jointly advancing the initiative in Africa.

This year forum will be held under the theme “Belt and Road Cooperation: Shaping a Brighter Shared Future.”

The forum events include leaders’ round-table, high-level meeting, thematic forums, CEO conference and other side events.

Representatives from over 100 countries, including 40 leaders of foreign governments have confirmed their attendance.

The first Belt and Road Initiative forum was held in 2015.

Ivanka Trump Concludes Ethiopia Visit (April 16, 2019

Ivanka Trump Concludes Ethiopia Visit (April 16, 2019)

President Donald Trump’s daughter and senior adviser, Ivanka Trump, has concluded her twoday Ethiopia visit and flew to Cote d’Ivoire this morning.
During her stay in Ethiopia, she met with President Sahle-Work Zewde and Prime Minister Dr Abiy Ahmed to discuss issues of mutual interest.
Moreover, she joined David Bohigian, Acting President and CEO of Overseas Private Investment Corporation (OPIC) to launch 2X Africa at the ECA and met with African Union (AU) officials at the AU headquarters.
Ms Trump also visited a textile and Handicrafts Company, met humankind’s original empowered woman-Lucy, and members of the Ethiopian Women’s Coffee Association.
In Cote d’Ivoire, she will visit a cocoa farm and participate in a meeting on economic opportunities for women in West Africa.
The event is part of the World Bank’s Women Entrepreneurs Finance Initiative, a program that Ivanka Trump pushed the bank to introduce.

OPIC 2X Africa Launched In Addis Ababa (April 16, 2019)

OPIC 2X Africa Launched In Addis Ababa (April 16, 2019)

Advisor to the US President Ivanka Trump and Overseas Private Investment Corporation (OPIC) Acting President and CEO David Bohigian today launched OPIC 2X Africa.
The launch of the OPIC 2X took place at the United Nations Economic Commission for Africa, in the presence of Ethiopia’s President Sahle-Work Zewde and Giovanie Biha Deputy Executive Secretary of the Economic Commission for Africa
OPIC2X, a W-GDP initiative, seeks to directly invest $350 million to help mobilize $1 billion in capital to support women-owned, women-led, and women-supporting projects in Sub-Saharan Africa.
Launched in 2018, OPIC’s 2X Women’s Initiative has already invested more than $1 billion supporting women’s economic empowerment across the developing world.

PM Meets Ivanka Trump (April 15, 2019)

Prime Minister Dr Abiy Ahmed received at his office Ivanka Trump, President Donald Trump’s senior adviser, and her delegation earlier this afternoon.
They discussed issues of mutual interest, according to office of the Prime Minister.
Ms. Trump is in Ethiopia as part of the Women’s Global Development and Prosperity (W-GDP) initiative aimed at advancing global women’s economic empowerment.
Earlier today, she met President Sahle-Work Zewde at the Presidential Palace to discuss issues related to women empowerment.
Ivanka Trump briefed the Ethiopian President about the White House Women’s Global Development and Prosperity Initiative she’s leading.
Yesterday, she visited a textile and Handicrafts Company and the Ethiopian Women’s Coffee Association.
Ms Trump arrived in Addis on Sunday as part of her four-day tour to Africa.

President Sahle-Work Receives Ivanka Trump (April 15, 2019)

Ethiopian President Sahle-Work Zewde today received and held talks with President Donald Trump’s daughter and senior adviser, Ivanka Trump, at the Presidential Palace.
Their discussion mainly focused on works being made to empower women, according to office of the President
During the discussion, Ivanka Trump briefed the Ethiopian President about the White House Women’s Global Development and Prosperity Initiative she’s leading.
She said the goal of the initiative, which was launched in February, is to economically empower 50 million women in developing countries by 2025.
After commending the ongoing efforts to empower women, Ivanka Trump said the government of the United States will provide assistance for these efforts. She also described the ongoing comprehensive reforms in Ethiopia as impressive.
President Sahle-Work for her past said the imitative is a good beginning to empower women and will get global recognition as far as it centered and targeted women worldwide.
Ethiopia is moving in a new path of reform to build capacity of women, particularly addressing gender-based challenges of female students at higher education institutions, President Sahle-Work stated.
The President finally said the government is committed to work in partnership with non-governmental organizations (NGOs) to empower women.

Ivanka Trump in Africa for Women's Economic Summit (April 15, 2019

Ivanka Trump in Africa for Women’s Economic Summit (April 15, 2019)

Ivanka Trump arrived in Addis Ababa, the capital of Ethiopia, Sunday for a summit on African women’s economic inclusion and empowerment.
President Donald Trump’s daughter and senior adviser visited a coffee shop and textile company in Addis Ababa. She is there to promote a $50 million initiative enacted by her father in February that is aimed at encouraging women’s employment in developing countries.
The Women’s Global Development and Prosperity (W-GDP) Initiative says it hopes to “reach 50 million women by 2025, through the work of the the United States Government and its partners.”
“Fundamentally, we believe that investing in women is a smart development policy and it is a smart business,” Ivanka Trump said after sampling coffee at a traditional Ethiopian ceremony. “It’s also in our security interest, because women, when we’re empowered, foster peace and stability.”
It was not immediately clear if the controversy that surrounds the U.S. president will follow his daughter to Africa. The president has not been kind in his remarks about Africa and its migrants.
“I don’t think people will have a good feeling” Ethiopian journalist Sisay Woubshet said about the president’s daughter visit to the continent.
Marakle Tesfaye, an activist, said, however, “I think she’s coming genuinely to empower women and it’s good that she’s coming because she will push forward our agenda.”
Ivanka Trump will also meet with meet with Ethiopian President Sahle-Work Zewde and Prime Minister Abiy Ahmed before going on to Ivory Coast, where she will attend a meeting on economic opportunities for women in West Africa.
She is also scheduled to make an appearance at a World Bank policy summit.