Tuesday, May 21, 2024

Maersk opens new consolidation center in Ethiopia

Maersk and its Ethiopian partner, Freights International (PABOMI), announced the opening of a consolidation center at Modjo Dry Port in Ethiopia.

According to the Danish carrier, the new multi-purpose facility is expected to help simplify and optimize apparel and lifestyle customers’ supply chains—saving costs, significantly reducing their speed to market and making them more competitive.

“The new consolidation center in Modjo Dry Port saves our customers time and cost through consolidation, synergies and providing a single point of contact with greater visibility,” said Carl Lorenz, managing director, Eastern Africa Area, A.P. Moller-Maersk.

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He added, “The new facility will help to make Ethiopia a more attractive and competitive destination for sourcing goods for the apparel and lifestyle industries—key industries for job creation and growing the Ethiopian economy.”

(Container news)

South Sudan has obligations not to deport Eritrean, Ethiopian asylum seekers

South Sudan’s prominent activist and Executive Director of Community Empowerment for Progress Organization (CEPO), Edmund Yakani, has appealed to President Salva Kiir to intervene in order for Eritrean and Ethiopian asylum seekers to be spared from possible deportation.

Yesterday, the Director-General of Nationality, Passports and Immigration, Marol Biar (Gen.), said the police authorities were holding at least 13 Ethiopian and Eritrean nationals who crossed into the world’s youngest country from Sudan without proper documentation.

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The senior police officer said the government was preparing for their deportation to their home countries despite the foreign nationals’ telling the government that they may face prosecution in their home countries.

Speaking to Sudans Post this afternoon, Yakani said CEPO is disturbed by the reports of the deportation of the asylum seekers and called on President Kiir, the Parliament, the human rights commission, as well as the ministry of interior to intervene to reconsider the deportation of the Eritrean and Ethiopian nationals.

(Sudans post)

Ethiopian Film Week returns to London

Ethiopian Film Week is set to return to London for its third year this month with a line-up of original and acclaimed Ethiopian films.

Following its creation two years ago, Ethiopian Film Week has gone from ‘strength to strength’, according to Tigist Kebede, Operations Director of Habeshaview.

Starting on October 14, the screenings will take place at RichMix Cinema in East London and will feature three independent films from Ethiopia.

The star of this year’s line-up will be the world premiere of the historical Ethiopian film, Hirut Abatwa Mannew?, which is being screened outside Ethiopia for the first time.

Translated to “Hirut, who is her father?,” the film, which is Ethiopia’s first black and white 35mm movie, tells the story of a young woman who overcomes many challenges, including the stigma of being a single mother, and is forced to fend for herself in the conservative society of Ethiopia in the mid-60s.

Kebede said: “Ethiopian Film Week has gone from strength to strength since its inception in 2020 and has become a firm favourite of the Ethiopian community in the UK.

Ethiopian completes its first Boeing 767 freighter conversion

Ethiopian Airlines Group said it has become the first African airline to complete the passenger-to-freighter conversion of a B767 aircraft.

Last year, Ethiopian partnered with Israel Aerospace Industries (IAI) to launch a B767-300ER freighter conversion line at Ethiopian MRO facilities in Addis Ababa.

The conversion of the aircraft, the first of the airline’s three B767 aircraft due to be converted, will boost Ethiopia’s cargo shipment capacity.

In partnership with IAI, Ethiopian started the full conversion of the B767 aircraft early this year. The conversion of the second aircraft has reached an essential stage of door cutting and will be completed in a few months.

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Ethiopian Airlines Group chief executive, Mesfin Tasew, said: “We are thrilled to collaborate with Israel Aerospace Industries and become the first African carrier to successfully complete the passenger-to-cargo conversion of B767 aircraft.”

(Aircargo news)


Digital innovators optimistic as Rwanda hosts African Mobile World Congress

Rwanda will host the Mobile World Congress (MWC) Africa in 2022, focusing on technological innovation and inclusivity in the African mobile ecosystem.

The conference, slated for October 25 to 27 at Kigali Convention Centre, will convene global mobile operators, device manufacturers, technology providers, vendors, content owners, policymakers, and more.

Top on the agenda are building climate resilience through digital technologies in Africa, the mobile money leadership forum, and reaching women and underserved groups at scale, among others.

“MWC Africa represents the entire technology and connectivity ecosystem. Not only are these brands helping us to realize the massive potential for digital growth across the continent, but they’re also supporting us to champion innovation and growth for our industry,” reads part of the MWC statement.

Pascal Murasira, Managing Director of Norrsken East Africa, the largest hub in Africa hosting different entrepreneurs in technology innovations, said that this presents more opportunities for local entrepreneurs to network and learn from their peers from all around the world.

(The new times)

Economic growth not matching employment demands, World Bank

The World Bank says that Uganda’s economic growth has not kept pace with population growth, which annually creates more than 600,000 job seekers.

It said the government must work towards ensuring that economic growth matches labor needs if Uganda is to mitigate the challenge of runaway unemployment.

Speaking during the signing of a grant partnership with the Embassy of Sweden in Kampala on Tuesday, Mukami Kariuki, the World Bank country manager, said Uganda’s economic growth has so far not kept pace with population growth.

“The economy simply is not able to absorb the number of people in the labor force. The COVID-19 crisis amplified existing structural issues in Uganda’s economy, exacerbating development challenges,” she said, noting that lower economic activity in the industry and service sectors has led to job losses, resulting in a slowdown in economic growth and an increase in levels of poverty.


Uganda, WHO to try two vaccines for rare Ebola virus strain

Uganda and the World Health Organization are planning to try out two vaccines for the Ebola virus from Sudan to try and curb the spread of the rare strain. The virus has so far killed 19 people and infected at least 54 people in five districts in Uganda.

After meetings in Kampala, the WHO’s director general described the new outbreak as troubling.
Uganda hosted ministers from 11 countries in an emergency one-day meeting on Wednesday to align their preparation for and response to Ebola outbreaks and agree on a strategy for collaboration.

Speaking to journalists after the meeting, Jane Ruth Aceng, Uganda’s Health Minister, said the department is expecting two different types of vaccines for the Sudan Ebola virus currently circulating in Uganda.

Both vaccines, according to the WHO, are pending regulatory and ethics approval from the Ugandan government. Aceng says the vaccines, which are expected to arrive in the country next week, are in clinical trials.


Capital Markets Authority approves Kenya’s first Green Bond

The Capital Markets Authority (CMA) on Thursday approved the issuance of Kenya’s first unlisted green bond, to be issued by Acorn Project (Two) Limited Liability Partnership.

This follows the launch of the Policy Guidance Note on Green Bonds in February 2019.

The green bond seeks to raise Shfive billion to finance sustainable and climate-resilient student accommodation and is structured as a restricted public offer for sophisticated investors.

The capital markets regulator stated in a statement that because this is a restricted public offering, the issuer will only raise funds from targeted sophisticated investors.

The approval will enable the issuer to raise funds to undertake sustainable and climate-resilient development.

As per the issuer’s information memorandum, the fixed-rate bond is certified as a green bond by the Climate Bonds Initiative.

Guarantco will guarantee the principal and interest payments for sophisticated investors who participate in the bond.

(The star)

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