Prime Minister Abiy says steel initiative in China will benefit Ethiopia

Prime Minister Abiy Ahmed stated in a social service message that placing the steel sector development initiative in China will make Ethiopia a beneficiary. This initiative is part of the green agenda and is progressing well.

Addis Ababa, Tahsas 24, 2018 (EC) – Prime Minister Abiy Ahmed (Dr.) stated in a social service message that placing the China Development Initiative's steel sector project will make Ethiopia a beneficiary.

This initiative is a component of the green agenda and is being implemented in good condition, he said. The prime minister noted that the good progress observed in placement will be complete once agro-processing is included.

By placing the steel sector initiative, in addition to job creation within the country, it will position Ethiopia as a participant in import-export trade, he added. This step aims to boost Ethiopia's economic growth and international partnerships.

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Ethiopian Prime Minister Abiy Ahmed smiling as he cuts a ribbon to inaugurate a banana farming project in Oromia's East Shewa zone, surrounded by farmers and officials amid lush plantations.
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Pm abiy inaugurates banana farming project in oromia

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Prime minister abiy ahmed has inaugurated a banana farming project in oromia's east shewa zone. The initiative aims to relocate rural populations and enhance productivity. It is expected to contribute to ethiopia's economic growth and self-sufficiency.

Prime Minister Dr. Abiy Ahmed stated that large industries are being established across all sectors in an interview with Qana TV. He noted significant revenue from industrial import substitution now. Five solar plants are exporting products.

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Egypt's Minister of Industry Khaled Hashem held talks with a delegation from China Baowu Steel Group, led by Chairperson Hu Wangming, to explore ways to strengthen industrial and investment cooperation. The discussions aimed at expanding investments in priority sectors including steel production.

Ethiopian firm Eden Power has partnered with China's Southern Power Grid Technology to create a green technology hub, aiming to boost local manufacturing and job creation in the energy sector.

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The manufacturing capacity in Ethiopia's Amhara region's manufacturing sector has reached 62.4 percent, up from below 40 percent three years ago. This was announced by Dr. Ahmedin Ahmed, head of the region's Urban and Infrastructure Development Office. The 'Ethiopian Tamir; We Also Cultivate' program is being implemented in Bahir Dar's Oromo community administration sub-city.

Prime Minister Mostafa Madbouly met with Minister of Industry Khaled Hashem in the New Administrative Capital to review the ministry's vision and work plan for the coming phase. Madbouly stressed that the industrial sector is among the government's top priorities, noting the momentum from recent economic reforms. Hashem presented a roadmap focused on increasing non-oil exports through several strategic pillars.

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Addis Ababa's mayor Adanech Abiebie states that the city's 24-hour work format corridor development projects are advancing quickly. Drawing from social media messages, workers in various areas are laboring with determination, contributing to the city's growth through their efforts and national pride. The administration has expressed gratitude and mobilized resources to support them.

 

 

 

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