Poorer nations will feel the full brunt of COVID‑19 as the crisis continues, suffering from rising hunger, poverty and heightened inequities, a United Nations official said today at a joint meeting of the Second Committee (Economic and Financial) and the Economic and Social Council on productive capacities and the post-pandemic world. Most least developed, landlocked […]
Water-Poor Egypt Eyes Quadrupling Desalination Capacity in 5 Years
CAIRO — Water-scarce Egypt aims to more than quadruple desalination capacity by granting private companies concessions from its sovereign wealth fund to build 17 plants over the next five years with sustainable solar energy. The plan fits into Egypt’s push to diversify its sources of fresh water for a fast-growing population as it faces competition […]
Corporation Signs Agreement with Automotive, Textile Companies
The Industrials Parks Development Corporation (IDPC) has signed two agreements with Elauto Engineering and Trade PLC and Kambotes today to boost Ethiopia’s export trade in automobiles and textile products. IPDC Chief Executive Officer, Sandokan Debebe and Elauto Engineering and Trade PLC CEO, Bekele Abebe signed the agreement. Sandokan said the Dire Dawa Industrial Park due […]
DRM Senior Advisor Calls for Intensified Efforts to Increase Agricultural Productivity
The effort underway to increase agricultural productivity in some places needs to be intensified across the country, Gutu Tesso, Senior Advisor on Disaster Risk Management (DRM) to the Government of Ethiopia at European Union said. In exclusive interview with ENA, the senior advisor pointed out that the only way out of the current economic crisis […]
Investors Operating in Ethiopia’s Industrial Parks Competent in Global Market
The investors engaged in different industrial parks of Ethiopia are competent in the international market, according to Industrial Parks Development Corporation. Industrial Parks Development Corporation CEO, Sandokan Debebe told ENA that foreign investors favor Ethiopia for the availability of abundant and wage competitive labor force, fast growing infrastructures and one-stop services. The country, according to […]
IMF Report Plain Manifestation of Unjust Pressure on Ethiopia: Economist
The recent unjust report of the International Monetary Fund (IMF) on Ethiopia’s economic growth is a clear manifestation of the well-coordinated pressures on the country, an economist said. Despite being one of the founders of the United Nations and a symbol of African independence, the international institutions, including the UN, are recently undermining and denying […]