Advertisements



Advertisements



Members


Username
Password
Remember Me

Advertisements


Ethiopian News

Con man Samuel Zemicheal charged

Published: Sep 22, 2014 by girumtebeje Filed under: Ethiopian News Law & Order
Con man Samuel Zemicheal charged

Federal prosecutor has charged con man Samuel Zemicheal on three fraud and using fake documents charges at the Arada branch of the Federal high court.

In the first charge, Samuel is accused of taking 58, 000 Br from the owner of Ambassador Garment, Ato Seid Mohammed by claiming that he would promote his business in a book he is preparing about twenty successful personalities including the Prime Minister.

IGAD: South Sudan’s warring factions holding direct talks

Published: Sep 22, 2014 by bini Filed under: Ethiopian News Politics
IGAD: South Sudan’s warring factions holding direct talks
By Elias Meseret


The Intergovernmental Authority on Development (IGAD) has announced today that the peace talks on South Sudan have continued in Bahir Dar today. The Sixth Session of the Second Phase of the IGAD led multi-stakeholder peace talks on South Sudan have also officially opened today.

IGAD said the participants have accepted the First Draft of the Text Arising from the 25 August Protocol and Stakeholders’ Positions as a basis for the negotiations in Bahir Dar, the capital of the Amhara National Regional State.

Since reconvening on 13 September 2014, the IGAD mediators have engaged and consulted with the delegates to build consensus on the way forward for the South Sudan peace process.

It is to be recalled that IGAD Assembly of Heads of State and Government endorsed the Protocol on Agreed Principles on Transitional Arrangements towards Resolution of the Crisis in South Sudan in Addis Ababa on 25 August 2014.

The heads of delegations representing the Government of the Republic of South Sudan, the Sudan Peoples’ Liberation Movement in Opposition, the SPLM Leaders (also called former detainees), the Civil Society Organizations and the Faith-Based Organizations were provided on 20 September 2014 with the draft text to review and prepare for the negotiations.

H&M expands into Ethiopia, hoping to create jobs for local women

Published: Sep 22, 2014 by bini Filed under: Ethiopian News
H&M expands into Ethiopia, hoping to create jobs for local women

As H&M expands into Ethiopia, Sweden’s state venture capital unit Swedfund has announced that it will back the clothing giant, in a move hoped to create more jobs for local women.

The partnership, which is set to kick off in autumn this year, will see Swedfund injecting 60 million kronor ($8.6 million) in investments to H&M suppliers, reported the Dagens Industri newspaper.
The goal is to create a domestic textile industry that’s both sustainable and responsible, Swedfund announced in a statement.

“Through this unique partnership with H&M, our goal is to contribute to developing the textile industry in Ethiopia, thus creating jobs with good working conditions that lift people out of poverty, especially women,” said Anna Ryott, CEO at Swedfund.

Surprising news expected of GERD this year

Published: Sep 22, 2014 by Mihret L Filed under: Ethiopian News Economy
Surprising news expected of GERD this year

This Ethiopian year’s the 9th Nations and Nationalities day is schedule to be celebrated at the Assosa city of the Benishangul Gumuz region where GERD is located.

The region’s Administration Head Ato Ahmed Nasir has said that “there will be a good news concerning GERD at the Nations and Nationalities day celebration on December 2014.”


Al-Amoudi to Spend $500 Million on Ethiopia Coffee, Oranges

Published: Sep 22, 2014 by fiyori Filed under: Ethiopian News Business
Al-Amoudi to Spend $500 Million on Ethiopia Coffee, Oranges

Horizon Plantations Ethiopia Plc, majority-owned by Saudi billionaire Mohamed al-Amoudi, plans to almost double annual revenue within three years by investing at least $500 million in coffee and orange projects.

The agriculture company will train workers, improve roads and replace washing units at the Limmu and Bebeka coffee plantations, which together have over 18,000 hectares (44,479 acres) under coffee, General Operations Director Kemal Mohammed said in a Sept. 17 interview in Addis Ababa, Ethiopia’s capital. The development is part of a five-year program to invest in projects that also include Upper Awash Agro-Industry Enterprise, the country’s largest orange grower with 1,200 hectares of citrus, he said.


“We are sure because of the initiatives we have now, because of the inputs and techniques we’re applying, the productivity will increase to the maximum at the end of the five years,” Kemal said.

Read More at Businessweek

African Forum on Business and Human Rights: businesses need to respect human rights

Published: Sep 22, 2014 by bini Filed under: Ethiopian News
African Forum on Business and Human Rights: businesses need to respect human rights
Africa’s richest man Aliko Dagnote failed to attend the forum for failing to secure landing rights at Bole International Airport
By Elias Meseret

The first African Forum on Business and Human Rights that was being held in Addis Ababa has called for action to make businesses a force for improving human rights in Africa. Activists, senior officials and experts underlined during the meeting that the African Union and the United Nations should join forces to support responsible business practices in line with fundamental human rights standards.

“Amid rapid economic growth and new investments in land and natural resources, there is an increasing awareness of why human rights must be brought into business strategies and operations,” said Michael K. Addo, Chair of the UN working Group on Business and Human Rights.

The Forum has brought together more than 200 representatives of activists, government officials, business and civil society members to debate the defining challenges facing Africa today.

According to Dire Tube’s reporter who followed the Forum, many participants have expressed concern over countries disregard to human rights in the race to attract foreign investment. They said this has to stop and businesses need to respect human rights.
Page 275 of 1222