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XINHUA NEWS SERVICE REPORTS FROM THE AFRICAN CONTINENT

 

Ethiopian parliament forms committee to probe ethnic disputes

ADDIS ABABA Ethiopia (Xinhua) -- The Ethiopian House of People’s Representatives on Friday revealed the formation of a committee to probe the recent deadly dispute between two of Ethiopia’s largest ethnic groups.

According to Shitaye Minale, Deputy Speaker of the Ethiopian Parliament, a special committee has been assembled by the lower house to find the root causes of and solutions to the dispute between Ethiopia’s Oromia and Somali regional states.

State news agency ENA quoted Minale as saying that the committee is currently compiling its report on the dispute along the border areas of the two regional states.

Recent clashes along the border of the two ethnic groups, Oromos and Ethiopian Somalis, have killed 78 people from both sides and displaced hundreds of thousands.

In addition to investigating the nature of the conflict, the committee is also supporting humanitarian aid for displaced people, Minale said.

She affirmed that the parliament will also strictly control and monitor executive bodies that failed in their duties concerning clashes among ethnic groups and the recent violent demonstrations that rocked universities across the East African country.
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EARLIER REPORTS:

Ethiopia records five-fold increase in FDI in a decade

ADDIS ABABA Ethiopia (Xinhua) -- Ethiopia’s Foreign Direct Investment (FDI) inflow showed a five-fold increase in a decade, data released by Ethiopia Investment Commission (EIC) on Friday showed.

FDI inflow in the Ethiopian Fiscal Year (EFY) 2007/2008 was 814.6 million U.S. dollars but that figure has increased to 4.17 billion dollars in EFY2016/17, that ended July 8.

Speaking to Xinhua, Mekonen Hailu, Public Relations Director at EIC, said agriculture, manufacturing, construction, hospitality and horticulture sectors took the majority of the FDI shares.

He added the government is giving tremendous incentives and necessary support to make sure FDI inflows continue to grow.

Ethiopia has commissioned or is building 15 industrial parks across the country to attract investment to help it reach the target of lower middle-income economy by 2025.

Meanwhile, private capital investment from China came in at first place followed by investments from India and the Netherlands during the 10-year period.

China is already Ethiopia’s largest trading partner, with trade volume between the two nations reaching 6 billion dollars in 2015.

However, EIC admitted unrest and drought conditions in parts of the country in 2015 and 2016 have affected FDI growth.
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Ethiopian diplomat in China pledges to promote trade, investment

ADDIS ABABA Ethiopia (Xinhua) -- The newly appointed Ethiopian Consul General to Guangzhou, China’s Guangdong Province, has pledged to promote trade and investment between the two countries.

Teferi Melese, Ethiopian Consul General to Guangzhou, in his discussions with the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) officials, stressed that his office will work to strengthen the trade and investment relations between the two countries and their commerce chamber’s, said a statement issued by the Ethiopian Ministry of Foreign Affairs on Friday.

The consul general also pledged to work with ECCSA on forging strong collaborations towards promoting trade and investment, which includes identifying Chinese companies to work in joint venture with their Ethiopian counterparts, the statement said.

The need to promote the annual Ethio-Chamber International Trade Fair to raise awareness among Chinese investors and companies was also said to be a key topic of the discussion.

Guangzhou is also one of the five Chinese destinations of Ethiopia’s flag carrier, the Ethiopian Airlines.

           

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