Friday, November 13, 2015

Ethiopia May Ship Sugar in 2016 as India-Backed Plant Ready

Ethiopia may begin exporting surplus raw sugar in 2016 after finishing delayed Indian and Chinese-backed projects in the drought-hit east of the Horn of Africa nation, the state-owned Sugar Corp. said.
Unrefined sugar production in the fiscal year that ends July 7 should be more than 900,000 metric tons, primarily from the expanded Fincha, Wonji and Metahara factories and the almost complete Tendaho and Kessem operations, which are supported by state banks in the Asian nations, according to company spokesman Zemedkun Tekle.
“Not only will we stop importing sugar, but we will start exporting,” he said in a Nov. 9 interview in the capital, Addis Ababa.
Ethiopia, Africa’s largest coffee producer and second-most populous nation, wants to add 10 new plants to become one of the world’s 10 biggest sugar exporters by 2023. It failed to become self-sufficient as it forecast in 2013 and missed a target to export $661 million of the unrefined sweetener last year, according to a five-year growth plan that ended in July.
The military-run Metals and Engineering Corp. may finish a factory at Kuraz in southern Ethiopia and two plants in Beles valley in Amhara region this year, though only trial cultivation will occur, Zemedkun said. The China Development Bank and Export-Import Bank of China have committed more than $1 billion for Chinese contractors to build two other processors at Kuraz, the Welkait project in Tigray region, and Kessem in the arid Afar region.
MAP: Ethiopia
MAP: Ethiopia
Tendaho and expansions at Fincha and Wonji were funded with a $600-million loan from the Export-Import Bank of India agreed in 2007.
Last year, the government, which is currently the only sugar producer, imported about 200,000 tons of the sweetener after financing delays slowed projects, Zemedkun said. Domestic demand in the 12 months to July 7 may be as much as 650,000 tons, he said.
The corporation received 64 billion Ethiopian birr ($3 billion) for the industry since 2010 and needs another 172 billion birr to finish all projects by mid-2020, according to Zemedkun. The Finance Ministry said some of the $1 billion raised from a debut Eurobond in December will be allocated to sugar development.
Ethiopia won’t be able to meet the standards of refined sugar produced in developed markets, so will initially export the raw variety, Zemedkun said. Suitable ecology means plantations are relatively productive, though cost-efficiency in all areas needs improving, he said.

Imports Surged

Ethiopia may be producing 750,000 tons to 950,000 tons of sugar by 2020, making it one of the world’s top 20 exporters of the sweetener, London-based BMI Research said in an April report. Prices for raw sugar for March delivery were 15.03 cents a pound on the ICE Futures U.S. in New York by 8:03 a.m. Friday.
Ethiopia’s trade deficit increased to $13.5 billion last tax year from $10.5 billion, as imports surged 20 percent on capital spending, and goods exports dropped 8.5 percent to $2.9 billion, according to International Monetary Fund data. Mining, electricity, leather and textiles are other industries that failed to earn the export revenues projected in the five-year plan.
Managers at Metahara, Wonji, Kessem and Tendaho, whose projects are in the basin of the Awash, Ethiopia’s longest river, have been told to conserve water for next year in anticipation of low rainfall, Zemedkun said. The United Nations estimates as many as 15 percent of the population will need emergency assistance next year after droughtruined harvests and killed livestock.

No comments:

Post a Comment

Related Posts Plugin for WordPress, Blogger...

Recent Articles

  • Ethiopian Health Professionals Association Urges Govt to Promptly Respond to Health Workers' Demands Amid Pre-Strike Demonstrations
     Dagmawi Melnilik Hospital, which was later upgraded to a referral hospital, is the nation’s first hospital, built in 1909.Addis Standard (Addis Ababa)As health professionals across Ethiopia stage pre-strike demonstrations demanding improved salaries, benefits, and working conditions, the...
    May-13 - 2025 | More »
  • Commentary: Why Ethiopian university lecturers' strike failed: A cautionary tale for health professionals
     The moment of release of the detained teachers’ coordinators, greeted by fellow teachers awaiting their return. Photo: Provided by the writerIn 2022, Ethiopian university lecturers launched a year-long social media campaign  and subsequent threat for indefinite...
    May-13 - 2025 | More »
  • ሰባት ኢትዮጵያውያን ስደተኞችን ወደ ባሕሩ ጣሏቸው'፡ ትኩረት ያላገኘው የስደት መንገድ
     መሐመድ አብዱላሂ ሞሐሙድ 35 ዓመቱ ነው።ከጂቡቲ ወደ የመን በጀልባ ያደረገውን የስደት ጉዞ አይረሳውም። በ20ዎቹ ዕድሜ ሳለ ነበር የተሰደደው።ሶማሊያን ጥሎ የወጣው የተሻለ ሕይወት ፍለጋ ነበር።ከአፍሪካ ወደ የመን የሚደረገው ስደተኞች የሚጓዙበት መንገድ 'ምሥራቃዊው ኮሪደር' በሚል ይታወቃል።በብዛት ስደተኞች ከሚጓዙባቸው መንገዶች አንደኛው ነው። እምብዛም ግን ትኩረት አላገኘም።ይህ መንገድ በጣም አደገኛው እንደሆነም መሐመድ ይናገራል።"መንገድ ጀምረን 30 ደቂቃ...
    May-08 - 2025 | More »
  • ሐኪም በመሆኔ ያተረፍኩት ድኅነትን ነው" የኢትዮጵያ ጤና ባለሙያዎች እሮሮ እና ጥያቄ
     የደሞዝ እና የጥቅማ ጥቅም ጥያቄ ያነሱ የጤና ባለሙያዎች መንግሥት ለጥያቄዎቻቸው ምላሽ የማይሰጥ ከሆነ የሥራ ማቆም አድማ እንደሚመቱ ተናገሩ።ባለሙያዎቹ ጥያቄዎቻቸውን ለመንግሥት ማቅረባቸውን የተናገሩ ሲሆን፤ ምላሽ እንዲሰጣቸውም የ30 ቀናት ቀነ ገደብ ከሰጡ ሳምንታት ተቆጥረዋል።የጤና ባለሙያዎቹ "መኖር አቅቶናል" ያሉ ሲሆን፤ በተለያዩ መንገዶች ድምፃቸውን እያሰሙ ነው።ሐኪም ለመሆን 23 ዓመታትን በትምህርት እንዳሳለፉ ለቢቢሲ የተናገሩት ዶ/ር ይማም እንድሪስ...
    May-08 - 2025 | More »
  • በአዳማ ከተማ እየተካሄደ ነው ስለሚባለው 'አፈሳ' የነዋሪዎች ስጋት
     ከሁለት ሳምንት በፊት ጀምሮ በኦሮሚያ የተለያዩ አካባቢዎች ወጣቶች ከመንገድ እየታፈሱመሆናቸውን ወላጆች፣ ወጣቶች እና ፖለቲከኞች በተለያዩ ማኅበራዊ ሚዲያዎች ላይ እየገለፁ ነው።ቢቢሲ ያነጋገራቸው የከተማ ነዋሪዎችም በግዳጅ የታፈሱ ወጣቶችን እንደሚያውቁ እና እነርሱም ባለባቸው ስጋት የተነሳ ድንገት ከተያዝን በሚል "ገንዘብ ይዘው እንደሚንቀሳቀሱ" ተናግረዋል።ቢቢሲ ከአዲስ አበባ አንድ መቶ ኪሎ ሜትር ያህል ርቃ በምትገኘው በአዳማ ከተማ የሚገኝ እና ከመንገድ ላይ...
    May-05 - 2025 | More »
  • ሰባት ኢትዮጵያውያን ስደተኞችን ወደ ባሕሩ ጣሏቸው'፡ ትኩረት ያላገኘው የስደት መንገድ
     መሐመድ አብዱላሂ ሞሐሙድ 35 ዓመቱ ነው።ከጂቡቲ ወደ የመን በጀልባ ያደረገውን የስደት ጉዞ አይረሳውም። በ20ዎቹ ዕድሜ ሳለ ነበር የተሰደደው።ሶማሊያን ጥሎ የወጣው የተሻለ ሕይወት ፍለጋ ነበር።ከአፍሪካ ወደ የመን የሚደረገው ስደተኞች የሚጓዙበት መንገድ 'ምሥራቃዊው ኮሪደር' በሚል ይታወቃል።በብዛት ስደተኞች ከሚጓዙባቸው መንገዶች አንደኛው ነው። እምብዛም ግን ትኩረት አላገኘም።ይህ መንገድ በጣም አደገኛው እንደሆነም መሐመድ ይናገራል።"መንገድ ጀምረን 30 ደቂቃ...
    May-05 - 2025 | More »
  • Ethiopia’s civil war: what’s behind the Amhara rebellion?
     Ethiopia is in the grip of a civil war between federal government forces and the Fano, a loose alliance of ethnic-based militia in the Amhara region.This conflict in Ethiopia’s north erupted less than a year after the devastating Tigray war, which ended in...
    Apr-28 - 2025 | More »
  • በቀን ከ14 ሺህ ቶን በላይ የዓሣ ምርት ከታላቁ የኢትዮጵያ ሕዳሴ ግድብ እየተመረተ ነው!
     በቀን ከ14 ሺህ ቶን በላይ የዓሣ ምርት ከታላቁ የኢትዮጵያ ሕዳሴ ግድብ እየተመረተ ነው!ከታላቁ የኢትዮጵያ ሕዳሴ ግድብ በቀን ከ14 ሺህ ቶን በላይ የዓሣ ምርት የሚገኝበት አቅም መፈጠሩን በግብርና ሚኒስቴር ዓሣ ሀብት ልማት ዴስክ ሃላፊ ዶክተር ፋሲል ዳዊት ገለጹ። ኢትዮጵያ እምቅ የዓሣ ሀብት ቢኖራትም በተለያዩ ተግዳሮቶች ምክንያት በዘርፉ ተጠቃሚ ሳትሆን መቆየቷን በግብርና ሚኒስቴር ዓሣ ሀብት ልማት ዴስክ ሃላፊ ዶክተር ፋሲል ዳዊት ተናግረዋል። በሀገር ደረጃ...
    Mar-26 - 2025 | More »
  • የአፍሪካ ህብረት ኮሚሽን ሊቀመንበር ደፋር ማሻሻያዎችን እና አፍሪካን የሚመሩ መፍትሄዎችን ከፒአርሲ ጋር የመጀመሪያ ስብሰባ ላይ አሳሰቡ!
     የአፍሪካ ህብረት ኮሚሽን ሊቀመንበር ደፋር ማሻሻያዎችን እና አፍሪካን የሚመሩ መፍትሄዎችን ከፒአርሲ ጋር የመጀመሪያ ስብሰባ ላይ አሳሰቡ!የመጀመርያው የቋሚ ተወካዮች ኮሚቴ (PRC) እና አዲስ የተሾሙት የአፍሪካ ህብረት ኮሚሽን አመራር አባላት ዛሬ በአዲስ አበባ ተካሂደዋል። ስብሰባውን በኤች.ኢ. ማህሙድ አሊ የሱፍ፣ የAUC ሊቀመንበር እና ኤች.ኢ. በአፍሪካ ህብረት የአንጎላ ሪፐብሊክ ቋሚ ተወካይ እና የፒአርሲ ሊቀመንበር አምባሳደር ፕሮፌሰር ሚጌል ሴሳር...
    Mar-18 - 2025 | More »
  • ፀሐይ ባለበት የቫይታሚን D እጥረት ለምን?
     ለሰውነታችን ጠቃሚ የሆነው ቫይታሚን ዲ የሚገኘው በፀሐይ ጨረር አማካኝነት በተፈጥሮ ሂደት ነው። ኢትዮጵያ ዓመቱን ሙሉ የፀሐይ ብርሃንና ሙቀት የምታገኝ ሀገር ብትሆንም በቅርቡ የወጣ መረጃ ብዙዎች የቫይታሚን ዲ እጥረት እንዳለባቸው  ያመለክታል። ለምን ይሆን?ቫይታሚን ዲየቫይታሚን ዲ እጥረት በመላው ዓለም ሰዎች ላይ ስለሚታይ አሳሳቢ መሆኑ ይነገራል። በተለይ በዓመት ውስጥ የፀሐይ ብርሃንም ሆነ ሙቀቷን በውስን ወራት ብቻ በሚያገኙ የሰሜኑ ንፍቀ ክበብ...
    Mar-18 - 2025 | More »
  • "እንደ አሮጌ ምንጣፍ የተጣለ" - የቻይና መንግሥት ጋዜጣ የቪኦኤ በጀት እንዲቋረጥ መወሰኑን አወደሰ!
     የቻይና መንግሥት ጋዜጣ የአሜሪካው ፕሬዝንት ዶናልድ ትራምፕ የአሜሪካ ድምፅ (ቪኦኤ) በጀት እንዲቋረጥ መወሰናቸውን አወደሰ።የአሜሪካ ድምፅ (ቪኦኤ) እና ራድዮ ፍሪ እስያ (አርኤፍኤ) በቻይና መንግሥት ዙሪያ ለዓመታት ሲዘግቡ የቆዩ ሲሆን ትራምፕ የጣቢያዎቹ በጀት እንዲቀነስ ወስነዋል።ውሳኔው የተላለፈው ባለፈው አርብ ነው። 1300 የቪኦኤ ሠራተኞች በግዴታ እረፍት እንዲወጡ ተነግሯቸዋል።ተቺዎች ውሳኔው ዲሞክራሲን ወደኋላ የሚጎትት ነው ቢሉም ግሎባል ታይምስ...
    Mar-18 - 2025 | More »
  • Killings, abductions, funding shortfalls stifle WFP relief efforts across Ethiopia!
     Killings, abductions, funding shortfalls stifle WFP relief efforts across Ethiopia!Eight personnel dead as org. takes USD 30mln loan to sustain operationsThe World Food Program says security concerns are straining its ability to deliver crucial aid assistance in Ethiopia as no less than eight...
    Sept-15 - 2024 | More »
  • Ethiopia : Dialogue Commission wants gov’t to create “enabling condition
     Professor Mesfin Araya, Chief of the Dialogue Commission (Photo credit : DW Amharic)The National Dialogue Commission on Thursday presented its performance report to the parliament. Unusual about it was that this meeting took place in a hotel, not at the parliament building. The practice...
    June-30 - 2024 | More »
  • Struggles of High-Rise Living
     Located on the western outskirts of AddisAbaba, the Asko 40/60 condominium towers stand tall, promising a modern lifestyle but delivering a daily ordeal for its residents. Among them is Melat Kasa, a pregnant mother of two young children aged 4 and 6, who lives on the 13th floor. “I’ve been...
    June-30 - 2024 | More »
  • TPLF regains political legitimacy with Justice Ministry’s blessing
     NewsTPLF regains political legitimacy with Justice Ministry’s blessingThe Ministry of Justice has granted the Tigray People’s Liberation Front (TPLF) the green light to register with the National Election Board of Ethiopia (NEBE) as a political party.Heads of the NEBE were informed of the...
    June-29 - 2024 | More »
  • A father who lost 2 sons in a Boeing Max crash waits to hear if the US will prosecute the company
     Ike Riffel fears that instead of putting Boeing on trial, the government will offer the company another shot at corporate probationPhoto by: Jim Young/APProtesters hold photographs of victims of the 2019 Boeing Ethiopian Airlines crash, including Melvin Riffel, left.By: AP via Scripps...
    June-29 - 2024 | More »
  • Ethiopia’s dam fills threaten Egypt’s lifeline: Calls for international intervention
     Adel Sadawi, a member of the Egyptian Council for Foreign Affairs and former Dean of the Institute for Research and Strategic Studies on Nile Basin Countries, commented on Ethiopia’s announcement of its readiness to carry out the fifth filling of the Grand Ethiopian Renaissance...
    June-29 - 2024 | More »
  • Fashion event brings Kanu, others to Ethiopia
     Former Nigerian national football team striker Nwankwo Kanu and other African former football players are in Addis Ababa to participate in the Shenen Africa Fashion Festival Week 2024Upon arrival at the Addis Ababa Bole International Airport, on Thursday Kanu was welcomed by Ethiopia’s...
    June-29 - 2024 | More »
  • Economic, conflict spurring human trafficking in Ethiopia: US State Department
     NewsEconomic, conflict spurring human trafficking in Ethiopia: US State DepartmentYemeni Houthis forcing Ethiopian migrants into military serviceThe US Department of State commends the Ethiopian government’s efforts to combat human trafficking but urges that more needs to be done to eliminate...
    June-29 - 2024 | More »
  • Ethiopian gov’t forces killed 27 civilians in the Amhara region
     Ethiopian gov’t forces killed 27 civilians in the Amhara regionEthiopian government forces this week reportedly killed 27 civilians, in two separate incidents,  in a latest string of extrajudicial killings in the Amhara region of Ethiopia.  The forces allegedly carried it out in a...
    June-29 - 2024 | More »

Recent Video Uploads

Subscribe Ethiopia Today Videos and Watch on You Tube

Ethiopia Today

  • Active a minute ago with many
  •  
  •  videos
Ethiopia Today bringing you recent information about Ethiopia. It bring you, news, Amharic movies,  Musics and many clips. subscribe and get many Videos on time