Business

  • Future Policy Award 2017: Conservation-Based Agricultural Development-Led Industrialization Winners of GOLD Ethiopia, Tigray Region

    Future Policy Award 2017: Celebrating best policies to combat desertification
    We must not let our future dry out! These seven laws and policies demonstrate that land restoration can be a reality. They work towards a land degradation-neutral world as envisioned in the Sustainable Development Goal 15, and tackle desertification, one of the most pressing challenges of our time.

    Desertification and land degradation are a threat to food security, livelihoods and health of hundreds of millions of people. It is estimated that 135 million people are at risk of being displaced by desertification, and drylands are the most conflict-prone regions of the world. Climate change, and the increasingly unpredictable and extreme weather in arid lands, makes combating desertification even more vital.

    In partnership with the United Nations Convention to Combat Desertification (UNCCD), the 2017 Future Policy Award highlights laws and policies that effectively address land and soil degradation, and the related risks to food security and livelihoods, and help secure a sustainable and just future for people living in the world’s drylands.

    The Winners
    GOLD
    Ethiopia, Tigray Region: Conservation-Based Agricultural Development-Led Industrialization (1994), supported by Mass Mobilization Campaigns (1991) and the Youth Responsive Land Policy (2008)

    The Tigray region’s interpretation of Ethiopia’s development strategy focuses on food self-sufficiency and economic growth by conserving land and promoting sustainable agriculture. Thanks to a unique combination of collective action, voluntary labour and the involvement of youth, the people of Tigray are restoring land on a massive scale.

    SILVER
    Brazil: Cistern Programme (2003, enshrined into law in 2013)

    This programme is a participative,bottom-up way to provide water for consumption and for growing food and keeping livestock in Brazil’s drought prone Semiarid region using simple rainwater collection technology. It empowers millions of the region’s poorest people to be in control of their own needs, to generate income and enhance their food security.

    China: Law on Prevention and Control of Desertification (2002)

    This is the world’s first integrated law dedicated to combating desertification. It provides a framework for China’s National Action Programme and a host of projects aimed at rehabilitating land at risk. Over the last 15 years, China has reversed the trend of desertification. It is no coincidence that the country lifted more than 700 million people out of poverty during the same period.

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  • Turkish students arrive in Ethiopia for voluntary work

    Weeklong visit part of 2017 Africa Experience Sharing Program organized by Turkish aid agency TIKA

    Ten university students from Turkey arrived in Ethiopia on Monday for a weeklong voluntary work as part of a visit to several African countries under an exchange program.

    Hours after arrival, the group started giving face-lift to the Daleti Elementary School at a village 35 km southwest of the capital, Addis Ababa.

    Deputy Director Mitiku Bekele told Anadolu Agency – as the students went about painting classroom walls – that the voluntary service being rendered by the Turkish students would prepare his school for a better teaching and learning experience when the school reopened in September.

    "They promised to donate 42 desks, and replace and repair broken windows and paint the classrooms," he said standing in front of two ground-level building blocks inside a spacious compound overgrown with nettles.

    Tarik Kaya, an undergraduate student of achitecture at Karadeniz Technical University, said it was important to experience "the real Africa".

    "…I didn't want to miss out on this program. The world community has a perspective on Africa but if you want to see the real Africa, you should experience that. I suggest everyone to come and know Africa," he said.

    The students are going to visit an orphanage in Addis Ababa on Tuesday. Later in the week, they are expected to visit the northern Tigray state and see the restoration of one of the world's oldest mosques, the Nejashi.

    The 2017 Africa Experience Sharing Program provides an opportunity to 200 students to visit several African countries, including Tunisia, Libya, Somalia, Kenya, Algeria, Chad, Sudan, Ghana and Niger from Aug. 5 to 30.

    The program is organized by the Turkish Cooperation and Coordination Agency (TIKA) in cooperation with Turkish Airlines, Anadolu Agency and state broadcaster Turkish Radio and Television (TRT).

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  • Lesotho's King to Visit Ethiopia

    Lesotho's King Letsie III will arrive in Addis Ababa, the capital of Ethiopia on Monday for a four-day state visit, the Ministry of Foreign Affairs said.

    He succeeded his father, Moshoeshoe II, when the latter was forced into exile in 1990.

    His father was briefly restored in 1995 but soon died in a car crash in early 1996, and Letsie became king again.

    During his stay in Ethiopia, King Letsie III is expected meet President Mulatu Teshome and Prime Minister Hailemariam Desalegn.

    He is also expected to visit the Bole Lemi industrial park in the outskirts of Addis Ababa, the Aviation Academy and Southern Nations, Nationalities and Peoples state.

    Previously known as Basutoland, Lesotho, declared independence from the United Kingdom in October 1966.

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  • East African airlines lead the continent with strongest customer satisfaction, study finds

    Press Release: East African airlines lead the continent with strongest customer satisfaction, study finds

    Sabre study for African Airlines Association member carriers revealed compelling global growth opportunities for East African carriers.
    Nairobi, Kenya and Southlake, Texas, August 17, 2017– East African carriers, such as Ethiopian Airlines, RwandAir and Kenya Airways, are scoring significantly more for customer satisfaction and loyalty ratings among their frequent flyers than carriers in the rest of Africa – and well above the global average.

    The findings were revealed in a Net Promoter Score (NPS) study that global technology provider, Sabre Corporation (NASDAQ: SABR), conducted for a group of African airlines.

    The study looked into strength of brand, customer satisfaction and loyalty within African Airlines Association (AFRAA) member airlines from North, East, West and Southern Africa. Widely recognized and used by more than 35 percent of global consumer-facing companies, the study identifies areas impacting on customer satisfaction and awards a score of between -100 and 100.

    Key findings of the study:
    - Average Net Promoter Score of all participating African carriers was 2.4
    - The highest-scoring region was East Africa with an average score of 10.6
    - The lowest was North Africa with -12.15
    - This ranks carriers in the East of the continent in similar region to many European and American airlines, which scored an average of 5.9 and 16 respectively in recent Sabre NPS studies

    Scores above 0 are considered good, and above 50, excellent. The industry average for airlines is 0[1]. Overall, regions rank as follows:
    “Despite economic, political and societal challenges in Africa, airlines – particularly in the East – have invested in customer experience, satisfaction and loyalty to cultivate a positive brand reputation among travelers,” said Dino Gelmetti, Vice President, EMEA, Airline Solutions, Sabre.

    “This has worked well for them and now the focus is on unlocking more profits by investing in the latest customer experience technology and benchmarking their service levels against the world’s best carriers; everyone from the CEO to the gate agent must demonstrate a consistent, customer-centric approach. Air travel on the continent is expected to increase by as much as 24% after the pan-African passport is rolled out in 2018, so there’s no better time to be investing for future success.”

    Each airline’s travelers were asked how satisfied they were on a scale of 1-10 with factors across four key areas – brand, customer effort, in-flight and customer service. They were then asked how important each of these attributes were to them. Satisfaction was then measured against importance to identify where airlines were not meeting customer expectations.

    The study found that the highest-ranking attribute among passengers of African airlines was the quality of service from cabin crew. Areas that received the lowest scores centered on customer effort – including check-in, ease of booking ancillaries and website experience.

    “We are committed to helping our airlines tap into an increased demand for travel services in the continent, and have been able to set a clear path for growth by partnering with Sabre on this study”, said Dr. Elijah Chingosho, AFRAA Secretary General.

    “By following Sabre’s recommendations to become more customer centric, African airlines can achieve greater profitability through increased customer loyalty. This will then help them to win business from their international rivals.”

    The study was the first of its kind performed in the region. It aimed to help African carriers identify how to improve in order to compete with global rivals and increase revenue. Studies by Sabre have previously found that globally on average, a +/- 1 point shift in NPS is equivalent to approximately $10-$13 million in revenue.  

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  • CBE at Half Trillion Birr in Assets

     

     

    The state owned financial giant, Commercial Bank of Ethiopia (CBE), total assets will soon climb to a half trillion Birr.

    The bank disclosed in its annual performance for the 2016/17 financial that it has registered massive progresses in every aspect of the banking activity.

    The biggest bank in the country stated that its assets reached to 485.7 billion Birr by the end of the financial year. The capital of CBE has also reached to 40 billion birr. Recently, the government approved a capital increase.

    For the year the bank has earned close to 32 billion Birr in revenue. Of which the gross profit before tax is 14.6 billion Birr.

    In the budget year, an additional 76.4 billion Birr has mobilized from depositors. During the ended fiscal year the total deposit mobilization of CBE has reached 365 billion Birr.

    In the financial year 94.5 billion Birr in loans has been dispersed for businesses and projects, while during the same period the bank has collected 64.6 billion birr from client loans.

    The bank has collected USD 4.5 billion via remittances export trade and other businesses.

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  • Ethiopia Desirous to Execute 50% of imports through Sudan

    Prime Minister Hailemariam Desalegn said that Ethiopia is desirous to use ports in Sudan to execute 50 percent of its import-export transactions.

    Prime Minister Hailemariam who is on official visit to Sudan expressed his country's interest to President al-Bashir while discussing bilateral ties.

    The Horn African nation wants to make export-import transactions through Port Sudan because of its nearness to the northern part of the country.

    The Premier said Ethiopia wants half of its import-export transactions to be executed through Port of Sudan.

    To realize this, the Premier said Ethiopia is building a dry port facility to transit commodities, he added

    Over 90 percent of Ethiopia’s current foreign trade is conducted through Djibouti, making it the sole outlet for the country’s export and import transactions.

    Because of the geographical location of Port of Djibouti, Ethiopia has been forced to spend extra cost to transport commodities to and from the northern part of the country.

    In addition to lowering transport costs, Ethiopia’s access to Port Sudan would also help to reduce congestions at Djibouti and facilitate timely transit of commodities.

    In addition to Sudan, Ethiopia is looking for alternative sea ports in neighboring countries of Kenya and Somalia to improve the country’s international trade.

    The country has planned to use the Mombasa port, the Port of Sudan and Berbera, in addition to the Djibouti port.

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