Responding to the growing demand for running events in Addis Ababa, Great Ethiopian Run organisers launched a new series of monthly 5km runs which will be staged at Entoto Natural Park starting from Saturday, 6th February 2021.
The launch event of the Entoto Park Predator Run took place on Saturday 23rd January, at a venue near Adams Pavilion around Sar Bet, which is a venue for one of the many new running groups that have arisen around the capital. Among those that attended the launching event was Great Ethiopian Run founder Haile Gebrselassie.
Predator is a new energy drink from the Coca Cola Company and was introduced into the Ethiopian market in the second half of 2020.
The monthly run will take place on the traffic-free roads inside the park. Participant numbers will be limited to 200. With free registration for the run, there is likely to be a massive rush for places when online registration opens at 6am on the morning of Monday 25th January 2021.
Speaking about the new run series ahead of the launch, Strategic and Innovation Manager of Great Ethiopian Run, Dagmawit Amare said “Coca Cola have been a great sponsor and supporter of our races for many years, and have helped us innovate with better digital services for registration and results management. This new series is another exciting step forward in this direction.”
Every run participant will be given a finishing time and the results will be posted online on the same day of the run. The monthly run will take place on the first Saturday of every month with a race start time of 8.30am.
Great Ethiopian Run launches new monthly 5km run at Entoto Park
Samrawit Debebe
Name: Samrawit Debebe
Education: Degree in Animal Science
Company name: Amen Animal Feed Production
Title: Marketing Manager
Founded in: 2019
What it does: Produce and sell animal feed
HQ: Gelan, Oromia region
Number of employees: 100
Startup Capital: 20 million birr
Current Capital: 26 million birr
Reasons for starting the business: To expand our business from only selling inputs and transitioning to become a producer
Biggest perk of ownership: Working together
Biggest strength: Commitment
Biggest challenging: Awareness and convincing customers
Plan: To increase our production and to start exporting
First career: Consultancy
Most interested in meeting: Adam Reta
Most admired person: My dad
Stress reducer: Reading
Favorite past time: Time with my Dad
Favorite book: ‘Merek’ by Adam Reta
Favorite destination: Italy
Favorite automobile: Jeep
Foreign and Domestic Real Estate Developers regulation under the Draft Real Estate Proclamation
By Yehualashet Tamiru
Real estate business is a very recent phenomena in Ethiopia. The business has flourished with the advent of privatization in the early beginning of 1990’s more particular after 2002 when the government take a drastic to incentivized construction of condominium houses with a market-oriented lease law.
Although the current legal regime does not allow outright ownership of land, most of the restrictions in relation to land use had been removed. Real estate business on top of being the driving machine behind the economic development of the country, it has also been a significant contributor for middle- and high-income earners families house issue. Despite this the business is not well regulate by law which raised some of the rarest and undesirable consequences and lack of trust between the developers and the purchasers of houses. Thus, the law makers with the view to curve this problem comes up with a draft proclamation that regulate the sector.
The cornerstone principles of the draft proclamation, among other things, includes: to create a modern operating system for efficient and effective real estate development marketing and valuation service delivery, to ensure stakeholder continues engagement and satisfaction with a transparent and accountable real estate development marketing and valuation system and to develop a real estate development marketing and valuation system that is governed by law and market principles for national economy and cities competitiveness.
Under the draft proclamation, real estate is defined to means a property consisting of building and associated structures built for service, dwelling, sale, lease or rent. Whereas real estate developer is defined as any person who engages in real estate development, builds more than fifty houses individually or partnership with government or other persons, makes available it for sale, lease or rental.
Any Ethiopian national and foreign nationals of Ethiopian origin may be registered as local real estate developer under provided that: any person who is allowed to engage in the real estate development sector under the investment law and have a plan to build and transfer the number of houses to be specified by the regulation to be enacted. A foreign investor, who fulfill the minimum capital requirement under the investment law have investment permit and reinvest and uses all the incomes derived from the real estate business locally, may also be registered as a local real estate developer. Moreover, any person who wants to build a home below the number specified in the regulation can build a real estate by leasing land in a formal lease auction or on his former permit holdings without needing to register as a real estate developer.
A foreign investor who has an investment permit, complete registration in commercial register, and receive a business license may also be registered as a foreign real estate developer when he meets one or more of the following conditions: who can allocate more than 20 Million USD capital and build more than 10,000 houses, 40 percent of which are built for affordable housing for the low-income which means earn three USD or imports, real estate construction inputs which is not available locally in the required amount and quality required by the investment, through the Ethiopian National Bank franco valuate system without using its own foreign currency and reinvest and uses 60 percent of the incomes derived from the real estate business locally without repatriate foreign currency for 10 years or save foreign exchange, that is equivalent to the incomes derived from the real estate business, by establishing domestic construction inputs production facility that can replace foreign imports.
A foreign real estate investor cannot be registered for pre-sell, to sell the home prior to the completion of construction is not permitted. However, local real estate developers can register for pre-sell by considering the shortage of local capital. Despite this, local developer must comply with the following bail conditions when they pre-sell home, to sell the home prior to the completion of construction. This conditions are: the real estate developer must notify his plan of pre-sale to the authority and get license, the land holding certificate that the real estate developer intends to undertake pre-sale shall be submitted to the authority and held there until the house are built to the beneficiaries, the money to be collected from home buyers shall be deposited or hold in a closed bank account that shall be opened with the permission of the authority, the disbursement of funds deposited in the bank account, it shall be determined in the regulation to be enacted for the implementation of this proclamation and the authority shall support home buyers to organize themselves in cooperatives in accordance with the cooperative’s act, and establish a system to monitor their social and economic benefits.
Any real estate developer who completed 70 percent of construction work respecting the permitted building requirements have a right to request a land holding or property ownership certificates for each salable unit.
As a matter of principle, the real estate developer cannot register customers and collect advances prior acquiring land holding certification and construction permit to build the houses from appropriate body. When the real developer transfers the house to a customer, he is obligated to request the client’s source of capital and notify the relevant government body.
Yehualashet Tamiru is Associate at MTA, Adjunct Lecturer at AAU and can be reached via yehuala5779@gmail.com
Consultant Edible Oil- Manufacturing
Consultant Edible Oil- Manufacturing
The Client is looking for a consultant with deep experience in the edible oils manufacturing sector.
The Consultant will critically analyze the Edible Oils Market in Ethiopia
- Carry out a comprehensive market analysis of the edible Oils Market in Ethiopia
- Develop a business case for the planned Edible Oils company that will assure profitability and
- Develop a comprehensive structural and technical design of edible oil manufacturing refinery which would be established in Ethiopia.
- Based on the project’s potential, develop the report based on market survey, consultation with local and international relevant actors in the field and rigorous review of available national level documents on the sector.
- The consultant must conduct one-on-one interviews preferably, Key Informant Interviews (KII) with existing and interested investors, owners of oil-refineries/facilities, engineers, industry experts and (or) architects with previous experience in edible Oils refinery design, seasoned agro-entrepreneurs and market analysts
- The Consultant will conduct an edible Oils Value Chain Analysis with a view to identifying the key relationships between the players in the edible Oils Market in Ethiopia.
Required Skills and Experience
Academic qualification:
Language requirement: Fluent over communicating in both English and Amharic both written and verbal.
Experience:
The qualification requirements for the consultant are as follows:
- Relevant university education including and not limited to Bachelor’s degree in Mechanical Engineering, Chemical Engineering, Agribusiness Management, Industrial Engineering, Business Administration or relevant subjects in any other related field
- Minimum five (10) years of work experience in the edible oil manufacturing sector or refinery industry
- The Consultant must have had experience in setting up similar facilities in the edible Oil / Manufacturing sector.
- Minimum two (5) years of experience in project design preferably with a national/international consultancy or a Manufacturing Project ;
- Minimum one (2) year experience of working in a project related to specified field and has experience and knowledge of machinery fabrication, erection, installation, production and O & M (operations and management)
- Knowledgeable in the designing & implementing structured systems and mechanisms for monitoring the edible Oils facility productivity.
- Demonstrates an understanding of the production and process management.
- Extensive knowledge of oil seed production processes and Value Chain
- Experience to work with a variety of stakeholders
- Experience working and coordinating with multiple partners, work well under pressure and meet deadlines;
Qualified candidates are invited to submit their applications accompanied by detailed curriculum vitae and cover letter as a single document to hrm.oilcompany@gmail.com, to be received on before 5:00PM on 24th January 2021 to February 05 2021, with the subject line“
