IPDC Signs Agreement With Ten Local Companies With Capital of over Eight Billion Birr

Industrial Parks Development (IPDC) Corporation signed agreements with ten local companies with a capital of more than 8.2 billion Birr to allow them to operate in the industrial parks.

CEO of the IPDC Aklilu Tadese and the representatives of the ten companies signed the agreement.

During the signing ceremony, the CEO said that the Corporation is doing lots of activities to strengthen the manufacturing sector in the country.

The agreement which is aimed at increasing the engagement of the private sector in the IPDC and encouraging local companies is a priority, he elaborated.

Moreover, the CEO added that the companies that have signed the agreement to operate in IPDC will contribute greatly in creating job opportunities for many citizens.

Five of the ten companies which signed the agreement are engaged in pharmaceuticals, which will help the country to reduce its foreign currency spending for importing pharmaceuticals, it was indicated.

Source: Ethiopian News Agency

Investors Showing Big Interest in Investing in Ethiopia’s Industrial Parks: Industrial Parks Dev’t Corporation

There are very big demands by both local and foreign investors to operate in the industrial parks constructed across the country, according to the Industrial Parks Development Corporation (IPDC).

There are eleven industrial parks and one free trade zone the corporation manages; and some ten local companies with over 8.2 billion Birr capital have signed agreements that allow them to operate in the parks.

IPDC Marketing and Communication Head, Zemen Junedin told ENA on the sidelines of the recent investment forum held in Addis Ababa that such forums are useful in promoting investment.

According to him, the corporation has been promoting the potential of the country by taking part in international exhibitions and bazaars.

In addition, “we have done a major service delivery reform and any foreign or domestic investor can get information without conditions and also support of experts,” he added.

The head further stated that companies are given high level of support and monitoring even after they entered investment.

Zemen said that industrial parks in war-torn areas are making very promising progress and cited Kombolcha as an example. There is now high demand and investment in the pipeline to enter Kombolcha Park, he added.

Regarding Mekelle Industrial Park, a technical committee has been established to evaluate and make it operational.

In view of Ethiopia’s potential in relation to agro-processing, the marketing head pointed out that there are parks like Jimma Industrial Park which focuses on the sector.

The location of the industrial park is convenient for fruits and vegetables, especially avocado and coffee, so investors are interested to invest in the park.

Jimma Industrial Park has started producing avocado oil, he noted, adding that this has created a market linkage for more than 15,000 farmers in city and its surroundings.

He further noted that Ethiopia’s parks are very modern and competitive industrial parks of international standards that offer good opportunity to both local and foreign investors.

In Ethiopia, industrial park have been established with the vision to make the country a leading manufacturing hub, and the government places high focus on industrial parks development and expansion.

Source: Ethiopian News Agency

Favorable Environment Created for Manufacturing Industry, Says PM

Prime Minister Abiy Ahmed said that Ethiopia has created an enabling environment for the manufacturing industry.

The premier opened today an expo under the theme “Let Ethiopia Produce” with the view to revitalize the country’s industry sector.

According to him, Ethiopia has got enough land, water, and adequate human resource as well as energy that supports production.

Yet the country has not fully exploited this massive potential for the manufacturing industry, he added.

The country has embarked on agricultural productivity to supply adequate inputs to the industry and the mining sector has been greatly revived and many products can be used as inputs for the industry.

Acknowledging the energy sector which has greater importance to catalyze Ethiopia’s industrialized ambition, the prime minister said that the Grand Ethiopian Renaissance Dam (GERD) is anticipated to fundamentally solve energy challenges in the country.

“One important factor for industrial development is energy. The performance of the Grand Renaissance Dam is going on in a very progressive manner and this will be a great input.”

Pointing out at the sound industrial policy Ethiopia has introduced, Abiy urged Ethiopians to unite and engage in production to permanently solve the challenges of the nation.

Industry Minister Melaku Alebel said on his part that since the launching of “Let Ethiopia Produce” movement in May 2022, some 4,000 permits have been issued to investors.

The minister added that the ‘Let Ethiopia Produce’ movement is becoming instrumental for providing continuous solutions and identifying problems that hinder the manufacturing sector in the nation’s endeavors to build a vibrant industry sector for prosperous Ethiopia.

Following the movement, encouraging results have been registered in the manufacturing sector, specially in maximizing and diversifying products, Melaku noted.

Moreover, the minister disclosed that the nation used to produce only goods. But now the machine industry sub-sector has started emerging in Ethiopia and a range of products from power tools to different types of machines are being manufactured.

He further elaborated that this is a big departure for Ethiopia and the country is going to be export today one of the tools manufactured by its evolving through machinery manufacturing. This is the first event to be recorded in our history.

Some 70 large and 54 medium industries are displaying their products and services in the five- days expo at the Millenium Hall.

Source: Ethiopian News Agency

Ethiopia Pledges to Strengthen Efforts in Ensuring Food Sovereignty of Africa

Ethiopia will consolidate its efforts towards ensuring food sovereignty in Africa by playing an exemplary role and through cooperation, Agriculture Minister Girma Amente said.

Even if 65 percent of the land mass of Africa is cultivable, the continent has not yet become food self-sufficient.

Under its 10-year perspective plan, Ethiopia is working to ensure food sovereignty and playing an inspirational role for the prosperity of Africa.

Agriculture Minister Girma Amente told ENA that Ethiopia is replicating its historic role of inspiring Africa in the fight against colonial masters to ensure their independence by the effort to ensuring continental economic freedom.

The successful journey in utilizing all the potentials in the agriculture sector can be taken as exemplary for other African countries, he noted.

Stressing that agriculture is one of the prioritized sectors in the 10-year perspective plan of the country, Girma said increasing production and productivity, input supply and modernizing the sector have been successful in the journey to realize food self-sufficiency.

According to the minster, Ethiopia used to spend up to 1 billion USD per year to import wheat. Today, however, the country has not only substituted the import but has also started exporting wheat.

Encouraging achievements have again been registered in transforming the rain-dependent agriculture of the nation with irrigation.

Girma pointed out that the changes that have been registered during the last four-five years in the sector have become useful experiences to be shared for other African countries.

Ethiopia will consolidate its collaboration towards ensuring food sovereignty in Africa by sharing its experiences in the agriculture sector, the minister stated.

The minister finally stressed that this is the time for Africa to develop its ample potential and natural resources to realize its prosperity.

Strengthening cooperation and partnership and growing together at continental level will be crucial to ensure food sovereignty, he underscored.

Source: Ethiopian News Agency

Petroleum Engineers encourage female students to pursue careers in ICT

The Diversity and Inclusion (D and I) Committee, Society of Petroleum Engineers, Ghana Section, a non-profit organisation, has encouraged Ghanaian female students to pursue carriers in Information, Communication and Technology (ICT).

The Society in Ghana, with the 2009-year group of Old Achimotan Association (OAA ’09) in commemoration of the 2023 International Girls in ICT Day, at a day’s career seminar at the Achimota School in Accra, said empowering female students with the necessary skills, confidence and support was key to achieving their goals.

The petroleum engineers said enabling young girls to build their capacity in ICT and engineering, and also helping to bridge the gender gap in a seemingly male-dominated sector was significant.

International Girls in ICT Day, marked on the fourth Thursday in April annually, aims to inspire a global movement to increase the representation of girls and women in technology.

With over 800 female students in attendance, the 2023 Girls in ICT Day, which coincided with the seminar, was on the global theme: ‘Digital Skills for Life’.

It was, among others, to ensure that girls and young women thrived in science, technology, engineering, and mathematics careers through skills acquisition to become ICT users and creators in the digital world.

Mrs Sheena Owusu-Ansah, the D and I chairperson, said the committee was committed to educating through collaboration and advocate for an increase in girls and women in STEM careers.

That, she added, necessitated the commemoration of the day to celebrate girls in ICT at schools and for them to know and the various technology driven careers available to them.

Mr Godfred Nii Sowah Khartey, President of OAA ’09 and former School Prefect, speaking at the Section’s maiden edition and support to the school, urged the students to take advantage of such programmes to build successful careers.

He encouraged the students to pursue Science, Technology, Engineering and Mathematics (STEM) education and aspire to work in ICT in a technologically competitive environment.

Some of the female students, who asked questions about the challenges females in STEM fields faced, during a panel discussion focused on careers and the role of ICT, were advised on ways to build valuable networks, in preparation for the present technologically advanced job market.

The panel made up of Mrs Owusu-Ansah, also an Operations Geologist with Eni Ghana, Ms Ama O. Sarpong, an Exploration Team Lead with Eni Ghana and Deputy D and I Chair SPE Ghana, and Dr Mary Ansong, Founder and Chief Executive Officer of International Sickle Cell Center, Ghana, challenged the female students to defy the odds despite the challenges they faced to pursue careers in ICT.

Amongst the personalities who shared their work experiences and how technology advanced their careers were Fafa Gbeho, Head of Human Resources and Senior Management Member Global Media Alliance; Kafui Afi Semeordzi, Investment Professional and Commercial Affairs Manager of Letshego Ghana, and Theresa Seyram Agbenyegah, Software Engineer, Backend Developer, Tech Community and Lead at Pyladies.

The Society of Petroleum Engineers (SPE) is a non-for-profit professional association with more than 119,000 members in 138 countries engaged in exploration and production of oil and gas and related energy resources.

SPE is a key technical and professional resource providing opportunities to exchange information at in-person and online events through training, publications, and member programs.

The SPE Ghana Section was established in September 2010 with over 300 professional members and over 4000 student members.

Source: Ghana News Agency