Corporation to build, manage sugar factories in joint venture deal
The Ethiopian Sugar Corporation (ESC) mulls over building and managing sugar factories in joint venture with local and foreign investors.
“Currently, we are negotiating with many investors to partner in the construction and management of the existing as well as the new sugar factories,” Gashaw Aychiluhim, corporate communications officer at ESC, told FBC.
“Memorandums of understating have also been signed with some investors,” he said.
Gashaw, the joint venture deal will in particular boost the implementation and financial capacities of the corporation in the execution of the new sugar factories, Gashaw said.
The joint venture might have various forms, but it included among others, developing sugarcane plantation and supplying it to sugar factories as well as producing ethanol fuel, he said.
The agreement concluded with Amibara Agricultural Development PLC, which allows the company to supply sugarcane by developing on 6,000 hectares of land, is yielding result, he said.
After the government’s move to execute sugar projects in joint venture deal, foreign investors have been showing interest. (FBC)
WB funds USD 100 mln for refugee project in Ethiopia
A new World Bank (WB) funded project promises improved living conditions for refugees camped across five regional states in Ethiopia.
The Bank offered 100 million USD to implement "Development Response to Displacement Impact Project (DRDIP) In the Horn of Africa."
Refugees sheltered in Afar, Tigray, Gambella, Benishangul-Gumuz and Somali states, the five regional states hosting the refugees, and the host community will benefit from a range of development activities implemented by the funding.
The projects are believed to increase the benefit of the community from socio-economic as well as infrastructural facilities, according to Dr. Misrak Mekonnen, State Minister of Livestock and Fisheries.
Speaking during project launching event in the town of Semera in Afar, the state minister mentioned setbacks that emerge from lack of infrastructure in many of the host states and the impact of increasing refugee population on the local community.
The effective implementation of the projects will raise the benefit enjoyed by locals, for which she advised stakeholders to work in close cooperation. (Web Relief)
Maritime academy expands to advance training
With the successful completion of its expansion project, the Babogaya Maritime and Logistics Academy is planning to increase its enrollment capacity and advance its training standards, according to the Ethiopian Shipping and Logistics Services Enterprise.
The academy expansion project which consumed 44 million birr in three years time was inaugurated on Friday.
The academy, with a capacity to enroll 160 trainees at a time, will start enrolling trainees in fields of Technical and Vocational Education and Training (TVET).
Speaking at the inaugural event, Ahmed Shide, Minister of Transport and Board Chairperson of Ethiopian Shipping and Logistics Services Enterprise, appreciated the enterprise for the work it rendered in upgrading the academy to promote better services in the sector.
The academy was jointly established by the Ministry of Transport and Ethiopian Shipping and Logistics Services Enterprise.
The implementation of Babogaya Maritime and Logistics Academy project is expected to play a key role in narrowing the human resource gap currently observed in the sector, the Minister noted. (ENA)
Car accident leaves 18 dead in east Hararge
Eighteen people were killed and 31 others injured in a car accident in Meta woreda, east Hararge zone, Oromia Regional State, on Thursday.
Deputy Commander Seyoum Degefu, head of east Hararge zone police department communication affairs division, said that the accident occurred as an Isuzu truck skidded off the road at a place called Doke.
The truck was heading to Chelenko town from Wiberi, a rural village, after carrying 49 people, he said.
The accident claimed the lives of 18 people, including seven women. Some 31 people also sustained minor and serious injuries, he said.
The driver of the car escaped unhurt and fled the scene, the deputy commander said. Police is searching the driver to investigate the exact cause of the accident, according to the deputy commander.
Those injured in the accident were taken to Dil Chora and Hiwot Hospitals in Dire Dawa and Harar towns, respectively.
Ethiopia is one of the 25 countries with the highest car-crash fatality rates. (FBC)