Thursday, September 24, 2026
Home Blog Page 4066

New Potential

0

Pietro Panarello is the first Secretary of Trade and Cultural Affairs for the Italian Embassy in Ethiopia. Panerello believes that the relationship between Ethiopia and Italy is in a tremendous stage after the Ethio- Eritrea peace accord and the high level visit of both prime ministers Conte and Abiy. As the two countries marked 130 years of diplomatic ties, they are to make the first ever Italian – Ethiopian business forum in Addis Ababa next week. Capital met Panarello to talk about the forum and the trade between the two countries.

 

Capital: The Italian-Ethiopian business forum will be held in Addis Ababa for the first time, why now?
Pietro Panarello: Over the last two years Ethiopia and Italy’s relationship has been growing, especially after Prime Minister, Professor Conte’s visit. It was symbolic because it came after, Ethiopia and Eretria signed a peace agreement ending 20 years of war. This was a display of all the ways Italy wants to be close to countries in the horn of Africa in this particular period of political and economic transformation. The economic forum is a result from the visits of Professor Conte and then Prime Minister Abiy Ahmed to Italy in January. It is time to bring private companies together in order to introduce them to this important market as Ethiopia is a country of 110 million people, a country that is basically composed of a rural economy but that is struggling to transform to an industrial economy. PM Abiy highlighted during an interview with international media a wish to integrate the region’s economy.

Capital: How many Italian companies are expected to participate in the first Italian Ethiopian Business forum, what is the objective?
Panarello: The forum will bring more than 50 Italian companies to Ethiopia led by Italian Deputy Minster of Foreign Affairs and International cooperation, Prof. Emmanuela del Re to meet 150 local private companies in three sections, including infrastructure, textile, leather and agro processing stakeholders and respective local private sector representatives.
The annual, historic, forum will bring primary influencers of each sector, associations and the policy makers’ together.

Capital: What makes the Business forum Historic?
Panarello: What makes the forum special is that it came to Ethiopia as the two countries were set to celebrate 130 years of diplomatic relationship following up the official visit of Ethiopian Prime Minister and PM Guiseppe Conte visit to Ethiopia at the start of this year.

Capital: What is the aim of the business forum and how important is it?
Panarello: We are aiming at first connection for Italian business presenting themselves to Ethiopia for many years since the 1950’s and some Italian companies coming for the first time to Ethiopia especially in those sectors that are considered top priorities in Ethiopia. We believe that Italian private companies are well known and top ones both in Europe and the world so these are the kind of companies that can benefit a country like Ethiopia. Unlike other countries in African continent there are not many mineral resources. However, there is a very important well trained work force that we can cultivate and introduce new skills particularly in textiles, agro processing leather and other sectors where Ethiopia is unique. and also because we think many big multi-national companies have started to understand the importance of considering the logistical position of Ethiopia and the presence of the young workforce in order to develop a hub to export to Europe and the Middle East it is the position that Ethiopia can develop and it’s time to invest in Ethiopia in infrastructure and logistics because Ethiopia has already began to build agro processing industrial parks and it is time to build skills in these kind of parks. We knew after the peace agreement with Eretria, many importers wanted to be closer Ethiopia to the Red Sea and were developing a new exit strategy for their exports apart from the Djibouti Port. So Italy wants to get behind to historical process to be a vanguard and display to Ethiopian the business community and government that Italian private companies are ready to establish a very effective collaboration.

Capital: Ethiopia and Italy have a long term diplomatic relationship what about trade?
Panarello: You know that Ethiopia and Italy during the reign of Emperor Hailessilase had a strong trade relationship. Now PM Abiy wants to use the private sector to bring about economic reform and Ethiopia struggles with a shortage of hard currency. NGO’s have been a prime source of the interaction between Italy and Ethiopia, however we expect that to change and the private sector to take a prime role.

Capital: The Italian Government has been giving training on agro processing skills tell us about that and other areas of cooperation.
Panarello: The Italian company Mezodenia is working in Mekele with more than 2,000 employees. There are projects carried out with Italian cooperation, including TVET training, the agro processing sector as Italy is the leader of packaging in the agro processing industry. We will also share dairy experience with the Ethiopian government.

Capital: What is the trade volume between the two countries?
Panarello: In 2018, the value of the Ethio-Italian trade was about 292 million Euros including 235 million from Italian exports and 57 million from Ethiopian exports to Italy which increased by 15.2 percent compared to the previous year.

Capital: What about the amount of Italian Foreign direct Investment?
Panarello: In 2017; Italian foreign direct investment in Ethiopia amounted to 23 million Euros, which has been growing over the last five years. In 2012 FDI was 20.5 million Euro.

Capital: The Italian Trade Agency was established back in December2014 and officially inaugurated in the same month next year, how has it strengthened trade ties between the two countries?
Panarello: The principal functions of the agency are to foster bilateral trade relations by providing Ethiopian Entrepreneurs and other companies; information about Italian companies and market updates. It also provides assistance in establishing contacts with Italian companies by participating in exhibitions promoting Italian products, organizing training courses technological conferences, workshops, seminars and so on.
In addition we organize a variety of industry specific promotional events such as trade missions of Ethiopian businessman to Italy visiting major exhibition and bringing Italian businessman to Ethiopia and arrange bilateral meetings that benefit both parties.

Allow us to choose our masters

0

By Haile-Gebriel Endeshaw

One bright morning we were driving out of Addis… three Ethiopian friends and a ferenj acquaintance. He was impressed by the green meadows, mountains and forests of the rural Ethiopia. We heard him appreciating time and again the weather, which was cool and sunny. “Guys, I like this weather! …wow!” …Then, hours later, he happened to see Chinese guys working on a rural road construction. “Why are there so many Chinese guys here? …Africans should not tolerate their presence in mass. … I don’t think they are trustworthy.” The ferenj was not happy to see the Chinese guys. It is common to hear the westerners asking about Chinese guys who are working in rural lands of Africa.
One of our friends who is known to speak his mind cleared his throat and said, “I think Chinese are more interested in the people of Africa than whiteys are.”
“I don’t understand. What’s that?” The foreigner asked.
“We see many Chinese people here. Probably because of the fact that their government gives better support to Africans than other western countries do. …Moreover, Chinese people are welcome here for many reasons… At least we have not heard them insulting us ‘shithole’.” Our Ethiopian friend said smiling.
“By the way, Trump refuted the allegation… He said he did not say that ‘shithole’ thing,” the ferenj said.
“Ok, let’s say he did not say it. But what Africans know is that the guy is harsh towards them. At least I can be sure of this.”
“I don’t think the president is normal. You know he is at loggerhead with North Korea, Iran, Venezuela, Syria, China, Russia,” the foreigner said.
Silence reigned for a couple of minutes. Then, our Ethiopian friend came up with details of his views. Here follows what he said… Once upon a time there was a big man living in Kenya. This man is named Jomo Kenyatta. Yeah, you know him. He was the leader of Kenya. He is one of those big African leaders whom the continent is proud of. Of course, including our emperor Haile-Silassie. Kenyatta is quoted to have said: “When the missionaries arrived, the Africans had the land and the missionaries had the Bible. They taught us how to pray with our eyes closed. When we opened them, they had the land and we had the Bible.”
We know that foreigners are here to rob us of our resources. We read that the continent possesses 120 billion barrels of oil reserves and 600 million hectares of uncultivated arable land which is said to be half of the world total. The westerners are not expected to see these palatable resources with folded hands. They should have it by hook or by crook. To put this into effect, they have done everything to their capacity. They divided us, killed us and did many harmful things against us, poor Africans. They are still doing these same things… First, they gave us the Bible. Now the approach has been changed. Before taking our resources, the colonialists divided us by our ethnic group and religion. Then they prefabricated histories which caused disputes and unrest among us. They used local mercenaries to kill us. While we quarreled, they came up with their guns and drugs. They gave the guns to one group and the drug to the other. This way they put us into big conflicts. We did the fighting that had been created for us, and they took the resources from beneath our feet with broad smile in their faces. Since then Africans have suffered by the legacy of colonial rules and military interventions… Thanks to them we have harvested armed conflicts, mass displacement of people, torture, civil war…
Long years ago, our forefathers were rounded up and shipped to western countries on slave trading. The defenseless Africans did not do the migration by their own. For your information, many of them committed suicide opposing the then forced slave trade. What the whiteys should understand is that Africans prefer to live in their own countries. No other place is better than one’s own home. As the saying indicates, “no one leaves home unless home is the mouth of a shark”. The long story is that during our fighting, which was deliberately made for us, our poor kith and kin have been forced to flee their once peaceful countries. They had no choice but to travel to western nations. What do they do there? They earn their living through bondage or exploitation. Apart from the suffering, segregation and racism, they have not been that much good at their income. Michael Moor said all in his famous book, ‘Stupid White Men’ that “the average income for a black American is 61 percent less per year than the average white income. That is the same percentage difference as it was in 1880! Not a damn thing has changed in more than 120 years”. What is worse is that African immigrants have been called names. They have been called many obscene names like shithole.
The thing is that Africans are forced to travel to western countries because of the problems created directly or indirectly by the whiteys… What surprises us all is that when they are there, their name is migrants. But when the white people flow to Africa, they are named missionaries or gospel preachers. The former president of Zimbabwe said that people “of Africans in Europe are refugees” while “Europeans in Africa are tourists”. According to Mugabe, black people working in a foreign country are foreigners. But the white people working in a foreign country are expatriates.
Now back to my story… It looks that this time China is smartly replacing the westerners in Africa. Colonialists have long been given the opportunity to gobble up as much resources as they can from Africa. But as they have done the robbing wantonly and with bad approach, the sly fox has got the chance to snatch the resources from their big-fat mouth doused in blood.
Bro, mineral resources in China are insufficient to meet an ever-increasing domestic demand and to sustain dramatic growth. That country needs more crude oil production to satisfy the demand of its people. It is Africa that satisfies the need. To implement this, China knows that it should approach the continent in a better way than the westerners. The white guys put conditionalities for the debts they are providing us. They compel us to change our policies, to downsize factory workers, to devaluate our currencies. I am of the opinion such approach is outdated and not favored by Africans. What the Chinese are doing this time is completely different. At least they built us skyscrapers, hospitals, bridges, airports, roads, seaports, railways, sport arenas… The westerners are not that much smart to give us all these things. These are my views which are probably contrary to what others are saying.
We know what the Chinese guys have done to meet their objectives. For instance, between 2000 and 2017 that country pumped into Africa credits worth 143 billion USD. Of course, this has been realized in the form of wide roads, railways, ports, stadiums, factories, industrial parks and mineral developments… My argument does not emanate from affections to China. No! I know all come here for their own benefits. Of course, this may not include very few philanthropists or humanitarian organizations and foundations… We need China not only for its support or generosity… not for the incomparable cost we are being paid in exchange for our precious resources… We are close to China probably for the ‘honor’ or for the slyness or smartness it is showing while gently licking us. Yeah, what we know is that so far China has not come up with leaders that disparage poor Africans. At least we know that Chinese leaders have not called us ‘shithole’. My advice is that the westerners should not feel envy for Chinese guys who are toiling diligently round the clock to amass precious resources from the womb of Africa mama! …Whatever the case is, the whiteys should allow us to choose our masters.

You can contact the writer through gizaw.haile@yahoo.com

Back up to proceed

0

We are passing through challenging times to effectively do business in Ethiopia. Water, electricity and internet are all interrupted frequently, and we need to be very alert in managing the challenges that come with it. The past week we especially experienced interruptions of our access to the internet, for good reasons I believe. In any case, with the current power rationing, the internet will be very unreliable for some weeks or months to come. Now, if you are working on documents that are normally stored on the main server of your company or organization, or in the cloud for that matter, you will have had difficulties continuing your work. That is why I always make sure I save my working documents on my laptop and on an external hard drive, as a back-up. I hope your work has not been interrupted too much and that you took the right measures to be able to get on with it. The current situation reminded me of an incident I experienced a few years ago when I had the opportunity to visit some parts of the USA. We landed at a major airport around 9pm and our destination was still 90km away. Taking a taxi was no option therefor and we decided to rent a car at the airport. We also agreed to add a GPS and the Car Rental Company attendant was kind enough to enter the address of our hotel in the device and we were all set to drive towards a place, in the dark and over roads I never drove before. Indeed, a GPS was indispensable if we were to find our hotel at all. Driving out of the parking garage of the Car Rental Company, the GPS needed some time to pick up the satellite signal but meanwhile I had to drive on as it was not allowed to stop on the road. By the time the GPS had picked up the satellite signal I had already made a few wrong turns and was guided back to the airport by the GPS voice that repeatedly said: “Recalculating”. So, we started over again and now found our way to the right exit. The road was good, well illuminated at some stretches and road signs clearly indicated how far we still had to go. I had to remember to convert miles into kilometers though to get a really good idea of the distance still ahead. As we got closer to our destination we began to look forward to checking in to the hotel and find a bed as we had a long journey behind us. We couldn’t find the hotel though. The GPS made us turn left from the highway but there was no hotel. So, we went back to the main road and tried again, with the same result. To make a long story short, the Rental Car attendant had entered the street name into the GPS alright but not the house number. It turned out that the same road continued on the other side of the highway and it was there where the hotel was located. It was midnight when I walked into the reception of the hotel and I was relieved to find a receptionist on night duty. A few minutes later we could rest our heads and stretch our legs. Next morning, we enjoyed a true American breakfast and got ready to drive to a major attraction in the State, located some two-hour drive away. Twenty minutes into our drive however the GPS stopped working. We checked the connection to the charger but nothing seemed to be the matter. It simply did not work anymore. Luckily, we found a very simple map of the State in the glovebox. In fact, it was flyer of the Car Rental Company with a rough map on the back but good enough to find our way to our destination and back again in the evening. Before going back to our hotel, we dropped into the local branch of the Car Rental Company where it was quickly found out that the charger of the GPS did not function. We got it replaced and moved on. First thing in the morning I went to a bookstore and bought a comprehensive Road Map of the USA, just in case, as we were planning to drive much more during our stay. It turned out to be a real help. In fact, I used to study it every evening before taking off again next morning and I felt much more confident as I had a pretty good idea of the roadmap ahead. It has now become a habit of mine to make sure I have a hard copy roadmap with me wherever I go, just in case the electronic GPS and Google Maps fail. In fact, the most common reason why drivers call the breakdown services in The Netherlands, is because their GPS does not work anymore and they get lost. Most drivers have now gotten so used to their GPS that they overlook to plan their journey and have a look at the map before they step on the gas.
Electronic and digital devices are great and they make life a lot easier most of the time indeed. As long as they work. The same applies to internet supported systems. People can do their work anywhere they go these days and we are getting used to saving and sharing our work in the so called “cloud”. How dependent we have become and how fragile such systems are, we have experienced ourselves here last week, when the internet was shut down. Many of us will have been caught by surprise and will have been handicapped in doing our work effectively. Those of us who depended on saving our work in the cloud did not have access to the latest versions of their files anymore, if they did not have a copy saved on their computer or another device. Even saving files on your computer alone is not enough and it should be anybody’s habit to save work on the computer as well as on at least one other device. It should also be standard procedure for any organization or company to regularly save all work on the main server and in addition on an external drive that is kept somewhere outside the office. The last measure is to make sure that all important files are kept safe, should a building catch fire for example or be broken into.
These may be obvious and simple measures to be taken but I bet that most of fail to take them consistently and thus expose ourselves and our company to the risk of losing important files. Such risk is easily prevented. Just back up and proceed.

Myc- Ael James Machio

0

Name: Myc- Ael James Machio

Education: BA in Journalism

Company name: Crown Group Cleaning Services

Studio Title: Owner and General Manager

Founded in: 2019

What it does: Cleaning services

HQ: Around Hayat

Number of employees: 37

Startup Capital: 25,000 birr

Current capital: Growing

Reasons for starting the business: To create jobs

Biggest perk of ownership: Commitment and responsibilities

Biggest strength: Support from friends

Biggest challenge: Obtaining machines to operate

Plan: Expanding the business

First career: Journalist

Most interested in meeting: Aliko Dangote

Most admired person: My grandfather

Stress reducer: Walking or meeting with friends

Favorite past-time: Working

Favorite book: None

Favorite destination: Iceland

Favorite automobile: Subaru Legacy