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Fikreyesus Girma

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Name: Fikreyesus Girma

Education: 10+4

Company name: Fiker Beauty Zone

Title: Owner

Founded in: 2015

What it does: Beauty salon for men and women

HQ: Addis Ababa, Lideta around Balcha hospital

Number of employees: 23

Startup Capital: 100,000 birr

Current capital: 1 million birr

Reasons for starting the business: My passion

Biggest perk of ownership: Working what I love

Biggest strength: Hard worker

Biggest challenging: Training and managing employees

Plan: To make it the number one beauty salon

First career: None
Most interested in meeting: No one

Most admired person: No one

Stress reducer: Exercise

Favourite past time: Exercise

Favourite book: ‘Fikr-Eske Mekabr’

Favourite destination: None

Favourite automobile: Mercedes-Benz

US, IOM delivers emergency assistance for Ethiopians in Amhara and Afar

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The United States handed over 250 metric tons of humanitarian supplies to the International Organization for Migration (IOM) Office in Ethiopia. The supplies will support U.S. efforts to provide emergency support for tens of thousands of Ethiopians affected by the ongoing conflict in the Amhara and Afar regions of Ethiopia. Ambassador Tracey A. Jacobson, Chargé d’affaires of the U.S. Embassy in Addis Ababa, handed over the shelter supplies to IOM Acting Chief of Mission, Jian Zhao, and Nesibu Yasin, Deputy Commissioner of the Ethiopia’s National Disaster Risk Management Commission (NDRMC) at a warehouse in Addis Ababa.
The 250 metric tons of supplies, worth over 1.5 million USD, include tens of thousands of blankets, hygiene supplies, tarps for temporary housing, and buckets. This is the second time the United States Government has directly provided humanitarian supplies to Ethiopians displaced by the ongoing conflict in the north, through IOM. Today’s donation compliments the nearly 900 USD million the United States has devoted in humanitarian support to Ethiopia over the last year.

The 5th Korea-Africa Forum in Seoul

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Korea is ready to be a Good Friend for Africa

By Kang Seokhee

Diversifying Partners and Strengthening Partnership

  • When I was young, my mother used to tell me, “You should make good friends to be successful in life.” As we all know, mothers are always right. It is said that good friends are better than family or any asset in one’s life. Interestingly, this general principle on human relationship also applies to international relations.
  • In order to make as many good friends as possible in the international community, it is necessary to diversify partners beyond the existing friendly countries. If a country relies only on few partners, although it may feel comfortable for the time being, it may very well miss opportunities to expand its diplomatic horizons. On the other hand, if a country builds friendship with diverse partners, its national interests can be promoted in an innovative way. Likewise, Korea and Africa share common interests in diversifying partners and strengthening partnership.
  • Then, who is Korea? What kind of country is it?

The Korean Development Model

  • The Republic of Korea (South Korea) is a dynamic country in Northeast Asia with the population of 50 million. It is among the top ten in the world in terms of GDP and trade volume. Moreover, recently, Korean culture including K-pop icon BTS and a hit drama Squid Game gained global popularity, adding to the Korean Wave, or Hallyu.
  • Sixty years ago, however, immediately after the three-year long Korean War devastated the Korean Peninsula, South Korea was a country wholly different from what it is now it was one of the poorest countries in the world. In the early 1960, its GNI per capita was 110 dollars, less than that of a country in western Africa whose GNI per capita was 190 dollars. Now, the GNI per capita of South Korea is 35,000 dollars while that of the same country in western Africa is 2,300 dollars.
  • You may be surprised, thinking how is that possible? It may not be easy to comprehend the success story of Korea, and it may not serve as a model for all countries. Nevertheless, it deserves attention as Korea is the only country in which an aid-dependent recipient became a donor nation. Above of all, much akin to many countries in Africa, Korea experienced colonization, civil war and poverty, all of which it overcame amid harsh realities of international system just within few decades.

Korea and Africa are Already Friends

  • Indeed, Korea and Africa are already friends. They have a useful consultation mechanism called the Korea-Africa Forum. The Forum takes place every three to five years. Since the first forum in 2006, significant progress was made in development cooperation. Korea’s aid to Africa increased ten times from 50 million dollars in 2006 to more than 500 million dollars in 2021. In addition, Korea made financial contribution to the various activities of the African Union; for example, a level-2 mobile hospital was deployed in Mali and armored vehicles were provided for the AU Mission in Somalia.
  • While we have made progress in development cooperation over the last 16 years, however, progress in private sector cooperation such as trade has not been as impressive. We need to take stock of what we have achieved so far and reconsider future directions of the Korea-Africa partnership.

The 5th Korea-Africa Forum in Seoul

  • Ministers of Korea and Africa convened together in Seoul, Korea on March 3rd to attend the 5th Korea-Africa Forum. Chung Eui-young, Foreign Minister of the Republic of Korea, Monique Nsanzabaganwa, Deputy Chairperson of the AU Commission, Aissata Tall Sall, Chairperson of the AU Executive Council (Foreign Minister of Senegal) and delegations of Africa agreed to upgrade the current development-oriented partnership to a more comprehensive, sustainable and future-oriented partnership.
  • To this end, they confirmed to share the following four strategic goals: (1) fight against COVID19 (2) further expand and deepen development cooperation (3) boost trade and investment, and (4) enhance cooperation for peace and security.

Looking to the Future of Korea and Africa

  • Indeed, the current Korea-Africa partnership based on development cooperation is not enough, considering their potential. Accordingly, to ensure a more solid and sustainable partnership, Korea and Africa need to identify mutually beneficial areas and work together toward common goals. Promoting business, supporting peace and taking joint actions on global issues are essential elements in that regard.
  • Trade between Korea and Africa has remained about 20 billion dollars over the last two decades. As Korea’s annual trade volume is 1.2 trillion dollars now, there is substantial potential to boost trade and investment between Korea and Africa. Moreover, considering the fact that Korea’s economic growth is basically driven by exports, business with Korea is likely to help accelerate overall development process of Africa.
  • Supporting peace activities or peace process is another area where Korea and Africa can benefit each other. Korea can make financial or personnel contribution to the AU or UN PKO Missions while Africa can provide political support for the peace process on the Korean Peninsula. For the success of Korea lies not just in achieving economic growth but also in maintaining peace as it has for the last 70 years since the Korean War.
  • Korea and Africa can also join the international community in responding to global issues. In particular, in order to effectively respond to the global crises such as COVID19 or climate change, joint actions must be taken. With such collaboration, Korea and Africa can feel proud of their partnership as it will demonstrate that they can work together for the common good of the international community as well as for themselves.

Korea is ready to be a Good Friend for Africa

  • With the Korea-Africa Forum, Korea and Africa have a good consultation platform to further strengthen the current partnership. The commitments made at the recent forum in Seoul showed that they would become good partners to each other in business as well as in development cooperation. Now, it is time to implement the commitments.
  • Korea is ready to be a sincere friend for Africa a warm development partner, a reliable business partner, a defender of peace, and a colleague in the fight against global crises.
    Is Africa ready?

Kang Seokhee is Ambassador of the Republic of Korea to Ethiopia

Selemon Barega wins 3000m thriller in Madrid

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A thrilling 3000m victory by Olympic champion Selemon Barega over a formidable Spanish duo and his Ethiopian teammates proved the most captivating contest at the Villa de Madrid, the final World Athletics Indoor Tour Gold meeting of 2022, on Wednesday.
The noise inside the Centro Deportivo Municipal Gallur reached a crescendo midway through the penultimate lap of the 15-lap event as Spain’s Mohamed Katir twice tried to overtake Barega, but in the end, just as it was over 10,000m in Tokyo, Selemon Barega was too strong for everyone.
After two recent losses over 3000m, the big-kicking 22-year-old re-asserted his supremacy with a catch-me-if-you-can performance filled with courage and class.
With Katir and his Spanish compatriot Adel Mechaal – who recently set a European record of 7:30.82 – in the field, there were high hopes of a home victory. Katir seemed intent on delivering it, taking up pole position behind the pacers as they passed 1000m in 2:31.67, with Barega then seizing command shortly after they had stepped aside, passing 2000m out front in 5:05.32.
From there he relinquished the lead, and after fending off Katir he repelled the late charge of his compatriot Lamecha Girma, hitting the line in a meeting record of 7:34.03. Girma’s runner-up finish in 7:34.09 secured him the overall tour victory and a wild card entry for this month’s World Athletics Indoor Championships Belgrade. Mechaal edged Katir for third, 7:35.26 to 7:35.73.
“After two times being second without any elite speed training, this week I was targeting a push from 150 metres out,” said Barega. “The altitude (657m) is difficult here so I decided maybe it was not the time to run fast. After the Olympics it was just easy training, but I put in a hard month of training and the target now is to become world champion.”
Barega said he hopes to double in Belgrade over 1500m and 3000m if allowed by his federation.