June 30, 2024

Ethiopia’s Chemical Industry Corporation Obtains 5 Billion Birr Revenue

Addis Ababa: Chemical Industry Corporation disclosed that it has secured 5 billion Birr in revenue from its industrial chemical input products over the past eleven months.

Given the government’s priority, Ethiopia has been becoming an attractive destination for chemical trade.

In this regard, the country’s chemical industry is diverse and demands chemicals for food, beverage and textiles.

Ethiopia’s Chemical Industry Corporation oversees Muger Cement Factory, Adami Tulu Pesticide Processing Factory, Awash Melkasa Chemical Factory, Batu Caustic Soda Factory and Rubber Tree Development and Production Project, it was indicted.

Speaking to ENA the Corporation CEO, Hundessa Dessalegn said the corporation supplies the chemical products from its factories to the domestic and foreign markets.

Hundessa pointed out that Corporation is playing a paramount role in the country’s economy by increasing the productivity and profitability of fertilizer inputs, rubber tree products, cement and other related chemical produ
cts.

As one of the nation’s enterprises, the CEO pointed out that the Chemical Industry Corporation has generated five billion Birr in the past 11 monts of the 2023/24 budget year.

The revenue has shown a 28.9 percent increase compared to the same period last year, he indicated.

He also noted that the Corporation is delivering products that it has partially or fully processed in the rubber tree cultivation to the customers. An expansion project is being implemented to increase its capacity in this sphere, Hundessa said.

For Instance, it is cultivating rubber trees on more than 6,000 hectares of land in Oromia region and Southwest Ethiopia region.

Indicating that half a million rubber trees have been planted through this project initiative, the CEO noted that the corporation is anticipated to harvest up to 30 tons of rubber trees in just one month.

He further explained that in addition to covering the national demand in the sector, the rubber tree development and production project is imperative to maxim
ize foreign currency earnings by exporting products to the international market.

The Chemical Industry Corporation is a government enterprise that provides chemical inputs to producers engaged in agriculture, health, construction, manufacturing and other sectors.

June 30, 2024

Nigerian football legends Laud Ethiopia’s Undergoing Dev’t, Express Happiness in Hospitality

Addis Ababa: Nigerian football legends who are in Ethiopia, praised the country that has been under a rapid growth and they have felt overwhelmed by the hospitality.

They stated that their stay in Ethiopia was exciting and they realized Ethiopia is passing through a rapid development activity.

Recall that Nigerian former professional footballer, Nwankwo Kanu and Africa’s football legends arrived in Addis Ababa, Ethiopia to participate in the Shenen Africa Festival.

During their stay, apart from the festival, they visited various development projects including the Grand Ethiopian Renaissance Dam (GERD).

Similarly, the football legends had a friendly match early this morning with Prime Minister Abiy Ahmed and have also left their Green Legacy footprint at Friendship Park.

During the occasion, former Nigerian football star Nwankwo Kanu said that Ethiopia is a country with a very beautiful and amazing culture.

Kanu expressed his joy over the hospitality given to him and other former African players during t
heir stay in Ethiopia, he said, adding that it has made us feel like we were at home. The player pledged to come back to Ethiopia.

He also spoke about his visit to the ongoing development projects and tourism destinations in particular, which are built in the country based on Prime Minister Abiy’s vision for Ethiopia.

‘It (Ethiopia) is a beautiful country and the people are great. I feel at home and I love it. Also the food here is good and I have really enjoyed it.

So what I saw in Ethiopia is that the Prime Minister is a man of great vision and he is doing a wonderful job. I am impressed and I can tell you that even if I go there, I would like to come back again,’ Kanu revealed.

Another Nigerian former professional footballer who played as a defender, Taribo West reminded the tour to various development activities in Ethiopia.

According to West, he realized that the development endeavors being carried out in Ethiopia demonstrate Prime Minister Abiy Ahmed’s vision for the African continent beyond his co
untry.

He lauded today’s announcement made by the Prime Minister that Ethiopia has submitted its application to host the Africa Cup of Nations (AFCON) to stimulate football in the country. West also expressed best wish that this would come true.

He added that the recent coming of the African continent’s former great players to Ethiopia will bring about a favorable environment for the improvement of football culture by creating ties with Ethiopians.

‘We’ve been here for three days. They’ve taken us around and we see a lot of incredible places and great works of Prime Minister Abiy and also the ambition he has for Ethiopia as well as the continent of Africa,’ he said.

The former player is also excited by Ethiopia’s application to host the Africa Cup of Nations.

‘This country is also anticipated to host the Africa Cup of Nations here and {we will} be here to enjoy this great time with Ethiopia. The first country to come back home to what I saw is Ethiopia. I’m delighted to be here any day, and any time. The
Prime Minister has an idea how to improve Ethiopian football and …………..to transform the football culture in Ethiopia.’

Noting that it is a great link, the Nigerian former professional footballer pledged to work for Ethiopia in its endeavors in the future not only to host AFCON but also to become the continent’s champion.

The other Nigerian footballer, Daniel Amukachi, said that Ethiopians warmly welcomed them with honor and love during their time here.

Besides the friendly game with the Prime Minister, Amukachi also said that his participation in the tree seedling program gave him a special feeling.

‘We have been in a lot of love here you know from all Ethiopians. The Prime Minister’s cabinet; the Minister of Culture and Sports, the Ministry of Tourism and others are exceptionally welcoming. You cannot say much about this amazing hospitality. And we just also had a 20 minutes game with Prime Minister Abiy which was great fun.’

He further noted that the friendly game with the Prime Minister and his partic
ipation in the tree seedling program were unforgettable memories.

June 30, 2024

Ethiopia Submits Application, Gears Up for Africa Cup of Nations, Announces PM Abiy

Addis Ababa: Prime Minister Abiy Ahmed announced today that Ethiopia has submitted its application to host the Africa Cup of Nations (AFCON) and the country is carrying out preparatory activities.

Prime Minister Abiy had a friendly match early this morning with some of Africa’s football legends who are in Ethiopia to participate in the Shenen Africa Festival.

Speaking at the occasion, the Prime Minister said that Ethiopia has thrown its hat into the ring to host the prestigious Africa Cup of Nations.

Acknowledging the Africa Cup of Nations requires complex procedures, the premier underscored that Ethiopia is intensifying consolidated efforts to make its request come true.

He pointed out that a thorough discussion was conducted on the matter with the president of the Confederation of African Football (CAF).

Prime Minister Abiy also believed that hosting of the Africa Cup of Nations in Ethiopia will certainly stimulate Ethiopian football.

Moreover, AFCON will also bring about a great benefit to the countr
y’s development of the tourism sector.

Accordingly, the current visit of legendary African football players to Ethiopia, they are known for playing in the English Premier League and various European clubs will create a great opportunity to promote Ethiopia’s potential in this sphere.

According to him, Ethiopia is working hard through its diplomats to host AFCON and tremendous discussions including with the president of CAF have been underway.

‘If we succeed in these endeavors, our people will be informed and we will be engaging in the hotel and the stadium arrangements as well as other necessary preparation,’ PM Abiy stated.

Mentioning the significant role of the Great Run in promoting Ethiopia’s image across the globe, he further confirmed that work in various sports fields, including horse riding, will be reinforced.

Former African footballers, and other renowned figures from the continent have also left their Green Legacy footprint at Friendship Park, it was learnt.

On Friday, Prime Minister Abiy Ahm
ed and Deputy Prime Minister Temesgen Tiruneh met with former African footballers known for playing in the English Premier League and various European clubs, famous artists from the continent, influencers, and renowned designers who arrived in Ethiopia to participate in the Shenen Africa Festival.

June 30, 2024

Green Legacy Initiative Bringing About Tangible Results in Enhancing Forest Cover

Addis Ababa: The Green Legacy Initiative, considered as a massive reforestation campaign of Ethiopia has been playing a paramount role in protecting the ecosystem and increasing the forest cover, the Ethiopian Forestry Development underscored.

For the past five years, Ethiopia has diligently pursued an annual planting program under the Green Legacy Initiative, initiated by Prime Minister Abiy Ahmed in 2019, it was indicated.

As a result of the initiative, Ethiopia’s Forest Cover report indicates that by 2023, the country’s forest cover had increased to 23.6% from 17.2% in 2019.

Approached by ENA Ethiopian Forestry Development Director-General, Kebede Yimam underlined the need for reducing poverty and ensuring economic growth through a proper utilization of natural resources.

Acknowledging Ethiopia’s potential natural resources, the forest resource in particular, he reminded that it had been neglected for many years due to improper protection and cutting down of wood for shelter construction and firewood.

The director-general referred a study conducted from 2000 to 2013, which figured out that the annual deforestation rate in Ethiopia is estimated at 92,000 hectares. And another study from 2014 to 2019 points out that deforestation decreased to 38, 0000 hectares.

Most importantly, Kebede emphasized on the declined Ethiopia’s annual deforestation rate which has decreased to 27,703 hectares.

For him, those countries that do not manage and use their natural resources in an appropriate way are exposed to unprecedented ecological risk.

Degradation of forested lands, unbalanced use of natural resources and high population growth are the reasons for various disasters, Kebede said.

The Ethiopia’s Green Legacy Initiative which has been becoming a critical demonstration in the endeavors of withstanding climate change impacts, the director-general elaborated that it has played an important role to increase forest cover.

As green development is important for the safety of the ecosystem and sustainable development by
increasing the forest cover, he urged the entire society to contribute their fair share in planting and maintaining saplings.

According to the director-general, the survival rate of planted seedlings is significantly increasing.

Kebede believed that this happened following the community’s awareness on the importance of forests is growing and the culture of properly caring for saplings has developed.

Speaking on year’s Green Legacy pre-launch program said a paradigm last week, Prime Minister Abiy Ahmed noted that our goal for this year is to reach 40 billion seedlings from our overall target of 50 billion, which means we need to collectively plant 7.5 billion seedlings this planting cycle.