THE PAPER THAT PROMOTES FREE ENTERPRISE Year 22, No. 1131 Sunday August 9, 2020 / Tel: +251-11 618 3253 | 11 661 0976 / Fax: +251-11 618 5206 / P.O. Box: 95/1110 Addis Ababa, Ethiopia / Price 10.00

INSIDE STORIES Registering refugees Attorney General suspends criminal cases Agency issued a directive to accelerate the vital of prominent business people, companies events registrations for  refugees 3 Addis Hall Table The list includes Shoa Bakery, NICON Plc, Ermias Tekle Amelga, ZTE Coordination and integration on HK Limited, Tsegu Berhane Trading Plc, Zenit Gebs Eshet Ethiopia, Addis planning and implementation is crucial for projects Ababa Abattoir, Ethiopian Tourist Trading Enterprise and Royal Foam implemented in Addis  Ababa 4 Federal Attorney General announced that documents to tax authorities are 69 companies Citrus International, and Ramada Trading Plc. it suspended to pursue the criminal cases of Futures trading and 45 individuals. These companies Of those 21 individuals were charged with prominent business people and companies include Family Trading Plc, Bags Family crimes related with contraband goods but their ECX is concluding a that it allegedly said committed financial Construction, TGM Polytech PP Factory, cases were dropped. Tsegaye Haile Dendir, study for future and  crimes. The attorney general dropped charges Shoa Bakery, Tsehaye Zemuy Teklu, Cosmo forward trading scheme Simenesh Eshetu Birru, Tsegaye Hailemariam 5 related to contraband, tax evasion, fraudulent Trading, Hayleyesus Mengistu, Inter Aman Ashebir, Kidan Kahsay Gebreyohannes, documents and for not issuing receipts for Plc, NICON Plc, Wondwossen Mengistu, Asfaw Seyoum Urgessa, rahel Endale Anbori, over 420 entities and over 1,100 individuals. TGMD Trading Plc, Ermias Tekle Amelga, Amarech Yaynishet, and Biruk Girma were Those whose charges are dropped after Mohammed Seid Mohammed Nur, GO charged with tax evasion and giving fraudulent Synthetic Industrial Works, ZTE HK Limited,  Page 6

Title deed PoorPoor Addis Ababa will grant farmers who owns farming lands in the city’s surrounding areas with a legally binding  land title deed 6 performanceperformance Hunger in the Horn 20 percent of the total population in East Africa region are at risk of being food insecure  10 ledled CBECBE toto INTERVIEW massivemassive reshufflingreshuffling Abie Sano

By Muluken Yewondwossen in the country folds chief officer positions. development, business operation, and According to sources, the bank was extremely information system are some of the chief Aschalew Tamiru Massive senior management reshuffle and horizontally flattened that have nine chief officer positions that were extended during Customer service structural change has been done at the officers and under them 24 vice presidents. the former president Bacha Gina era, who financial giant Commercial Bank of Ethiopia According to sources, based on the new was replaced by Abie Sano in March this Author of a book titled “Make (CBE) following its poor performance in the reshuffle the chief officer position is fully year. Bacha Gina served the bank for about a difference with customer last financial year. suspended and the number of vice presidents one and half year. service” discusses Under the new structural change that happened is reduced to 18 from the previous 24. about basics of   Page 6 customer service. 16 this week the stated owned financial institution Risk, human resource, finance, business

ISSN 2410-6933 Ethiopia’s Business Weekly www.capitalethiopia.com / Twitter @capitaleth / facebook.com/capitalethiopia Get our latest stories from your smart phone, just download QR reader from your app store and flash on 2 EDITORIAL Year 22, No. 1131 Sunday Aug. 9, 2020 CHAOTIC PHASE OF DEMISE The demise of the modern world system continues to accelerate, as it enters the final chaotic phase. There are plenty of signs to support CAPITAL is a weekly business our conclusion. For instance, in the realm of the global economy, newspaper published and the usual policy of ‘kicking the can down the slope’ now requires distributed every Sunday by CROWN measures that are completely outrageous. For every dollar of debt that is injected into the economy of the OECD (rich countries), only PUBLISHING PLC. around 0.40 cents worth of GDP created. In other words, capital is CAPITAL is a registered being destroyed. The situation elsewhere in the world system is not newspaper with the Federal a whole lot different, if proper accounting is employed. In this final Democratic Republic of Ethiopia phase of collapse, the sheeple (human mass) has still remained a Ministry of Trade license number bystander without much of a say, but that is going to change in ways 14/673/21142/2004. that will most likely shock the world! Since the managers of the global system are fully aware of the t Managing Editor underlying protracted problematic, they have been hard at work Teguest Yilma trying to come up with policies they hope will postpone the day of By skwealthacademy COMMENT [email protected] reckoning. To this end, the plan to implement digital currency across t Editor-in-chief the board seems to be in full throttle. Digital currency takes away the sovereignty of the individual, by making him/her fully dependent on The Public Health Disaster of Groum Abate centralized organizations, like banks, governments, etc. Digital money [email protected] can be frozen arbitrarily in any jurisdiction. If an individual is forced to Sweden’s No Lockdown Policy Addis Ababa, Yeka sub-city, depend on regimented centralized bureaucracy, even to buy the basic Wereda: 06 H. No. 514, necessities of life, if is clear what the impact of a full- blown digital 011 618 3253/011 661 0976 currency regime will do to collective social existence. In today’s (According to Western Media) t Deputy Editor-in-chief money system, a currency, even if its origin is complete fiat, gives the Muluken Yewondwossen immediate holder of the currency some semblance of anonymity. As Summed Up in Two Charts [email protected] we know, tracing an individual fully operating in the cash economy t Reporters has always been difficult for state bureaucrats. Therefore, any move n order to control public opinion of the masses, the ruling class should t towards the complete control of currencies/money, be it that of an Metasebia Teshome “regiment the public mind every bit as much as an army regiments individual or an entity is something state apparatchiks have always [email protected] [soldiers’] bodies." - Edward Bernays, Propaganda (1928) salivated for! See the articles of Greyerz on page 29. t Senior Graphics Designer “The conscious and intelligent manipulation of the organized habits Thanks to John Snowden, we now know that everything we do in late t Daniel Amare Iand opinions of the masses is an important element in democratic society. modernity, literally, is under surveillance and potentially traceable! Those who manipulate this unseen mechanism of society constitute an danielamare@capitalethiopia. Smart phones, laptops, TV sets, cards (debit/credit) etc., are some of invisible government which is the true ruling power of our country. com the means the state and the corporations can (and do) easily employ ...We are governed, our minds are molded, our tastes formed, our ideas Graphics Designer to control various activities of an individual anywhere on earth. The ‘Deep State’ (DS) would have remained ineffective had it not been for suggested, largely by men we have never heard of. This is a logical result t Abrham Wuletaw such modern day electronic gizmos. Recall our definition of the DS; of the way in which our democratic society is organized. Vast numbers of [email protected] human beings must cooperate in this manner if they are to live together it is the military-intelligence-industrial-banking-media-complex. t as a smoothly functioning society. ...In almost every act of our daily lives, Photographer The DS is currently working on a project to implant traceable signals t Anteneh Aklilu (solid chips, etc.) in each and every individual roaming the planet! whether in the sphere of politics or business, in our social conduct or [email protected] Various pretexts are being entertained to convince the sheeple to our ethical thinking, we are dominated by the relatively small number of this Frankenstein’s project. The vaccine approach is only one that persons...who understand the mental processes and social patterns of the t Cartoonist is bent on leveraging the good old ‘fear and terror’. Currently, the masses. It is they who pull the wires which control the public mind.” - Edward Bernays, Propaganda (1928) Roman Tadesse psyche of the world’s population is being systemically softened [email protected] by the DS propagandists, with the objective of subjugating the Recently, the Western media has made a point to publish a plethora of stories unthinking sheeple’s into complete submission. With such massively about the public health disaster of Sweden’s no lockdown policy in order to t Sales Manager coordinated global indoctrination/brainwashing campaigns, it won’t deliberately discredit, in the minds of most people, the only science-based Frehiwot Hailu be long before the gullible sheeple ‘willingly’ submits to many of the approach to covid19 undertaken by any nation in the world. Since the end of [email protected] desires of the parasitic global elites sitting at the apex of the social July, there have been a lot of completely false and misleading stories about t Columnists pyramid, which was built with the blood and sweat of the masses! the failures of Sweden’s no lockdown policy and Sweden officials’ choices to not tyrannically shut down businesses in Sweden, to only suggest that the t Alazar K. Even the sciences are now relegated to the world of fiction and [email protected] voodoo. The ongoing declared pandemic or what critical analysts are elderly vulnerable population self-quarantine, and to allow for the complete increasingly saying ‘plandemic’, is one of the many strategies employed normalization of life under the conditions. Of course, the criticisms of t Ton Haverkort by the DS to prepare the masses to endorse whatever is going to be portraying life as completely normal in Sweden had some merit. The most [email protected] declared. The latest gimmick involves the misrepresentation of the normalized behavior occurred in Stockholm, and though no businesses were CROWN PUBLISHING is a private natural sciences to fit the DS’s base objectives. We can emphatically call ordered to close, some more cautious, conservative business owners chose the ongoing and suffocating pseudo scientific narrative; ‘Fake Science’! to shut down their cinemas and ski resorts chose to voluntarily close and limited company registered It is being pushed by numerous states, mostly at the prodding of the DS. GDP in Sweden is still forecast to shrink by 4%. Still a 4% annual shrinkage with the Federal Democratic In the current game of the plandemic, genuine science is presented as in GDP is 1000 times more preferable to the annual pace of a 32.9% drop Republic of Ethiopia Broadcasting ‘conspiracy theory’; nothing new here, after all, it is the CIA itself that in GDP forecast in America just this past quarter. Furthermore, if the most Authority under registration no. coined the very phrase ‘conspiracy theory’ decades back to systemically human interaction is happening in Stockholm, the most densely populated 34/2001 and with Addis Ababa discourage critical narratives from coming to the fore. The media wing city in Sweden with a central population of 1.5M and a metropolitan City Administration Trade and of the DS, which includes the new hi-tech social formats like Facebook, population of over 2.4M, then this fact would serve as stronger proof, not Industry Development office weaker proof, that their no-lockdown, normal life behavior approach was a Google, Yahoo, etc., are now busy muzzling real science from exposing under registration number resounding success. This logical, science-based and humanitarian approach the truth about Covid-19 and other planned pandemics. 14/673/21142/2004 starkly contrasted with the totalitarian, misanthropic ruling class’s approach . As if the above are not enough, the hegemon itself is facing all sorts of to restrict the movements of everyone, including fully-abled healthy people disturbances, both from within and from without. Internal chaos arising Address: Addis Ababa, Bole Sub with strong immune systems, and legislating mandated stay-at-home orders City, Wereda 1, House no. New from identity politics as well as class disparity or inequality for short; for large swaths of entire nations, orders which the United Nations claim is on its way of becoming psychologically entrenched, even if it can may bring 260 million people to the verge of starvation by year’s end, which Mob: +251 - 944 73 23 00 be weeded out from the streets. The USA is displaying symptomatic would make the State leaders responsible for an outcome, if it happens, +251 - 911 22 69 00 behavior of an empire in the process of quickened disintegration. Frantic, guilty of genocide on a scale that would make Hitler, Mao, and Mussolini’s Tel: +251-11 618 32 53 polarized and incapable of reaching mutually beneficial agreements with repugnant genocidal feats appear as child’s play. +251-11 661 0976 other countries, etc., the reigning hegemon looks like a clueless giant in +251-11 662 6958 its dying days. The two parties that dominate political governance in Telemedicine proves valuable during pandemic the US, almost exclusively at the service of the corporations and their In fact, in response to my legitimate claims that Sweden’s no-lockdown Fax: +251-11 618 52 06 human operators, are becoming increasingly detached from reality! The response was the only science-based response to covid 19 in the entire world, E.mail: [email protected] obvious lack of integrity, capacity, sincerity, sophistication and finesse, and also, non-coincidentally, the most successful response, I heard many [email protected] to say nothing about the continuing dishonest appreciation of the major Westerners attempt to rebut my arguments with counterclaims that were Website: www.capitalethiopia.com problems of the world, are some of the disturbing scenarios of the current not the result of any research or intellect, but the consequence of obedient US led empire. Put together, the above doesn’t inspire confidence, to say parroting of Western media headlines, that on the surface, seemed to dispute Syscom Plc. is exclusive the least. Given the lack of leadership within the ruling hegemon/empire the science I had presented. In response to Sweden’s massive success rates advertising agency for CAPITAL able to address the major issues of our times, the world is visibly drifting with its no lockdown policy, the only State that dared stand up to the global Newspaper towards unchartered waters! banking cartel that was likely behind the global economic lockdown policy, Tel. +251-11 618 3253 Despite the dethroning of his grand theory, (Stephen J. Gould, the Western mass media deployed a pre-emptive counterstrike by literally +251-11 662 6958 Ilya Prigogine, et al.) the old scientist’s reverberations in the releasing hundreds of articles about the grave “failure” of Sweden’s no E.mail: [email protected] domain of human societies still remain relevant, particularly to lockdown policy and disseminating these articles to millions of websites online. So even though I debunked their false claims already in this article, [email protected] those blinded by power and arrogance. ‘It is not the strongest of [email protected] the species that survives, nor the most intelligent, but the ones since social media has reduced everyone’s attention span to small chunks most adaptable to change’, Charles Darwin. Here is a more recent of a few seconds at a time, with the exception of a handful for every CAPITAL is printed by Berhanena commentary supporting our thesis. “Our collective interest in the million, I’ve created a couple of charts, drawing data from the sites of the Selam Printing Enterprise since rise and fall of empires is not academic. The meteoric rise of China US Centers for Disease Control and Folkhälsomyndigheten, the Public December 1998. and the financialization rotting out global capitalism are just two Health Agency of Sweden, to address this problem whereby the false Address: Addis Ababa, Arada Sub- Western mass media narrative about Sweden’s virus response will be developments that suggest we are entering an era where some great city Wereda 9 H.No. 984 powers will collapse, others will remake themselves and others will Continued on page 29 Tel. 011 155 3233 gain ascendancy.” Charles Hugh Smith. Good Day! www.capitalethiopia.com Year 22, No. 1131 Sunday Aug. 9, 2020 Local News 3 CHAMBER proclamation to be amended

By Muluken Yewondowssen Associations, said that her association has accessed the draft proclamation. “We have The long awaited and controversial seen the draft document and responded proclamation No. 341/2003 for the with our comments and recommendation establishment of Chambers of Commerce for the ministry,” she told Capital. and Sectorial Association is at the final The sector experts argued that meanwhile stage for amendment, Capital learnt. the proclamation is in effect for close to Chambers particularly Ethiopian Chamber two decades it is not applied properly. of Commerce and Sectorial Associations “It does not also considered sectors and frequently claimed that the proclamation trade properly, while some crucial sectors should be revised. It has also tabled possible do not have proper recognition because revision and direction to show how and of the proclamation,” they said. why the proclamation should be changed. Because of the amendment process the Over a decade ago the sector actors Ethiopian Chamber of Commerce and expressed their claim that the proclamation Sectorial Associations general assembly is a bottleneck for the operation. and election was not conducted, according According to the information Capital to the information Capital obtained. obtained from relevant bodies, the Mesenbet stated that her chamber’s proclamation is under the final stage election that is expected in the beginning to be amended. Source said that the of the coming Ethiopian New Year proclamation may be one of the first may take place at the time frame. “We proclamations tabled to the parliament for may conduct the general assembly and amendment in the coming new session, election since the ministry gave a green which is not yet known. light but it will be delayed like the Sources said that Ministry of Trade and national chamber if the amended law Industry, which is responsible to develop the delayed for ratification,” she added. proclamation, has finalized the amendment Capital tried to get further information from of the controversial proclamation. Melaku Ezezew, President of Ethiopian Mesenbet Shenkute, President of Addis Chamber of Commerce and Sectorial Ababa Chamber of Commerce and Sectorial Associations, but it was unfruitful. Agency to accelerate vital events registrations for refugees

By Muluken Yewondwossen

Immigration Nationality and Vital Event Agency (INVEA) issued a directive to accelerate the vital events registrations for refugees. Ethiopia also plans to completely finish the civil registration and vital statistics (CRVS) in the coming decade. Mujib Jemal, INVEA Director General, said that the agency issued a directive to ease the registration of vital events for refugees that got green light in the proclamation that was amended in 2017. “The directive allowed the refugees birth registration with the appearance of mother or father,” he said. Previously both parents were supposed to appear for the registration, while the Mujib Jemal directive ease that and allow only one Institute for Information Technology of of the parents to appear for registration, India signed a deal to introduce modern Your Trusted Business Advisors according to Mujib. digital national identification card, which “In the past it was a barrier for refugee’s is a pilot program that will run for eight birth registration because both parents months. may not be available or were separated Ethiopia is one of the lowest in birth 162 Countries. 1,500 Offices. for different reasons,” he said. registration in Africa, with only 3 percent Registering of refugees is a good solution of the births of children under the age of five to integrate the refugee with the society, registered with civil authorities, according 80,000 Professionals according to experts in the sector. to the 2016 Ethiopia demographic and The process will help those that the country health survey, which was implemented by BDO Consulting PLC, hosts to be part of the economic activity the Ethiopian Central Statistical Agency. th in the country and even allow them with INVEA Director General told Capital Bole road next to Saay Pastry Tropical Mall 11 Floor some crucial rights in the economy like to that his agency targeted to achieve the Tel. +251 11 663 1196, Cell +251 91 122 6759, have bank account and get driving license. Sustainable Development Goal (SDG) Mujib said that CRVS is universal and CRVS target within ten years. P.O.Box: 14001, Addis Ababa, Ethiopia due to that refugees have a right to get all The United Nations SDG target indicated E-mail: [email protected] vital registrations. that countries should achieve the death Even though the country approved the registration by 80 percent and fully www.bdo.global CRVS proclamation, Registration of cover the birth registration. “We target Vital Events and National Identity Card to comply within the UN timeframe, BDO Consulting PLC is a member of BDO International Proclamation No 760/2012, the country meanwhile the AU 2063 plan has more did not fully apply it until 2016 until relaxed period,” he added. Limited, a UK company limited by guarantee, and forms Ethiopian Vital Events Registration The agency stated that it is strongly part of the international BDO network of independent Agency was established. working on awareness creation about member firms. BDO is the brand name for the BDO The country has also a modern ID system CRVS, which is crucial for social and as of 2017, while it is not fully applied. economic development planning and use network and for each of the BDO Member Firms. Recently Ministry of Peace and International as an input for different surveys. www.capitalethiopia.com 4 Local News Year 22, No. 1131 Sunday Aug. 9, 2020

complete health and education facilities are included in the social infrastructure. He added that safety is the other area that should be included in the city infrastructure system. Infrastructures; sewerage, road, electric, water and telecom systems are the sectors that are stated should be integrated on project planning and implantation. According to experts at the dialogue, understanding the reality is crucial besides planning on the way to integrate infrastructure projects. “Research, practice and professional combined input that evaluated in detail are critical for the integration,” they said. “We need decision support models, for instance evaluate the life span of the infrastructure at the design stage to PHOTO: Anteneh Aklilu understand and evaluate lifecycle cost of any project,” Abraham says adding “it is Addis Hall Table: Coordination, crucial to allow for better integration.” Connecting the infrastructure with information technology is also stated as a required area for quality management besides integration. integration the way forward Moges Tibebe, from Addis Ababa Roads and Transport Bureau, said that By our staff reporter with all stakeholders. utility developers damages roads is crucial. with the support of the World Bank the Helawi Sewnet, Director General at Addis To continue the status of the city as livable city is working a web based transport Experts at the Ethiopian Association Ababa City Infrastructure Coordination, and competitive the infrastructure should be infrastructure asset management system of Civil Engineers (EACE) said Building Permit and Control Authority said developed properly, according to Abraham that includes information and designed coordination and integration on planning that the city administration has endorsed a Assefa, lecturer at Addis Ababa University. of all infrastructure projects and will be and implementation is crucial for projects regulation to implement coordination on “Currently we are focusing on hard finalized in this coming Ethiopian year. implemented in Addis Ababa. developmental projects in the city. infrastructure and now addressing public Under the regulation infrastructure The city administration announced that He said that the law shows that how space has got the attention of the city coordination authority is formed that will integration regulation has been endorsed the city administration understands to administration, which is developing parks measure public officials who abuse the to save cost and time. change the previous trend and improve in different corners of the city,” he said. integration. During an event dubbed ‘Addis Hall accomplishments without unnecessary Social or soft infrastructure is the Tesfaye Workineh, President EACE Table’ dialogue forum organized by the expenses and destroy other facilities other component that is supposed to be and who chaired the dialogue, said that city administration in collaboration with when another project is being developed. addressed, Abraham says, “currently we the dialogue and the outcome will be EACE experts in the civil engineering and Wubshet Jekale, General Manager at observed that any city in the country submitted for the relevant government relevant offices from Addis Ababa City Jekale CM Consultancy gives example is strongly functional when the social body to incorporate it in their plans. Administration discussed how projects how coordination can be done. He said that infrastructure is implemented.” With its 134 year history 10 master plans should be implemented in coordination coordinated and swift maintenance when He said that besides the bureaucracy were implemented in Addis Ababa.

www.capitalethiopia.com Year 22, No. 1131 Sunday Aug. 9, 2020 Local News 5 ECX vying for future trading scheme

By Muluken Yewondwossen

The Ethiopian Commodity Exchange (ECX), an electronic trade platform, states that it will conclude a study for future and forward trading scheme. The 12 year old trading floor that For the current concludes a successful year in the past budget year said that it has finalized a budget year study for future trading schemes that will be an optional for the current spot ECX targeted contracts trading. Wondimagegnehu Negera, CEO of ECX, to include red said that the exchange will conclude the study on ways how to commence the speckled beans/ scheme. Since the formation of the modern trading pinto beans, ECX, which is considered exemplary and the first of such kind of trading in white pigeon pea Africa, has been engaged in spot trading, while it has undertaken several studies and cotton PHOTO: Anteneh Aklilu to potentially launch futures trading Wondimagegnehu Negera which is common in most commodity exchanges in other countries. “We will have central depository that export commodities, have achieved its 18 percent high in value compared with For instance in its 10th year celebration may help for the coming stock market projection. the expected target. ECX stated that the two trading contracts with the support of strong clearing For the 2019/20 year it has facilitated a At the same time the performance of will be its future strategy that will be house,” Wondimagegnehu said. trading of close to 762 thousand metric tons sesame seeds met its target, while green introduced at the commodity market. Netsanet Tesfaye, Public Relations Head of products that are worth 40 billion birr. mung bean volume traded at the floor met at ECX, told Capital that the launching 164 percent of the target. At the press conference the CEO indicated “We have achieved 99 and 113 percent of that third generation trading software of future and forward contracts will be our target in terms of volume and value For the current budget year ECX targeted development is set to be achieved as determined by the government’s policy. respectively,” the CEO said. to include red speckled beans/pinto beans, a strategy to accelerate the end to end “As per our strategy we are interested white pigeon pea and cotton. It targeted service for this budget year. “The scheme to commence as soon as possible but it From the total volume of coffee, the to receive 784 thousand metric tons of will improve the end to end integration has also third party involvement,” he biggest export earnings commodity, took commodity at its warehouses located in from the initial clearing house stage to says adding “at the same time the study 40 percent followed by sesame seeds that different corners of the country. settlement,” the CEO said. may also imply the timeframe when the have 34.4 percent shares. Special trading window for local industries The third generation technology also trading will be started.” In the year more than 308 thousand that are using soybean and sesame seeds has a role for the commencement of the At the just ended trading year ECX, which metric tons of coffee has been traded as raw material will also be introduced in trading of future and forward contracts. exclusively facilitate the trading for five with 10 percent over from the target and the year.

www.capitalethiopia.com 6 Local News Year 22, No. 1131 Sunday Aug. 9, 2020 Poor City administration to issue title performance deeds to farmers around the city led CBE to . . . By Metasebia Teshome Continued from page 1 Addis Ababa City Administration has announced the commencement of Land Sources said that besides position reforms Audit and Registration scheme in a bid to some of the former top managements tackle land grab. were replaced by others. “Those who maintain their senior position are very The Deputy Mayor of Addis Ababa City few,” sources said. Administration, Takele Uma has told city officials to take immediate action Besides the changes at the head office, in granting farmers, who owns farming the bank has also made some structural lands in the city’s surrounding areas, with changes at district and regional branch a legally binding land title deed. structures. The city Administration will give title Based on the new structure a district deeds to lands owned by farmers after included in a region will manage 50 they are registered because they are branches. prone to be affected by land grab. The “The new change at the top management land audit and registration drive will be structure would be good to manage the backed by technological advancements in of issuing a title deed. The registration of 7 percent decline from the target which bank than previous trends,” a source partnership with Ministry of Science and lands owned by farmers will be completed was 37.6 billion birr. who criticized the past experience told Innovation, according to Mayor’s Office. till October 10, 2020. As shown on the report the income Capital. The Deputy Mayor urged Sub-City In related development the Addis Ababa was generated from direct and indirect In his recent internal memo Abie, who officials to begin issuing title deeds city administration generated 35.12 income tax and municipality fees. is being lauded as responsible for the to farmers as of Monday, August 10. billion birr revenue from tax and other The city administration collected 25.93 success of the bank’s transformation Furthermore, he said that he wanted to see activities in the 2019/20 budget year. As billion birr from direct tax and 8.3 billion about a decade ago before he went each of the respective sub-city official’s the report of the city administration to the birr from indirect tax and 541.8 million to Oromia International Bank (OIB), announce immediately the commencement council indicates the figure has shown a birr from municipality fees. expressed his frustration about the performance of the bank in the 2019/20 finance year that ended on June 30. Attorney In his memo issued on Tuesday August 4, he hinted that changes would be taking place at the bank. “Those who General . . . are accountable for this disgraceful performance will be held responsible, Continued from page 1 while we have to work hard to return the bank to its successful track,” Abie said to the staff of CBE. He said that meanwhile the revenue of the bank for the year has shown a minor The attorney increment the administration expense consumed all its profit. “Even though the general also bank’s revenue expanded by 4.4 billion birr, expenses consumed it by three fold,” announced that he wrote in his memo. it will continue In the year the bank performance has dropped by over 10.3 percent compared to suspend more with the preceding year performance. In the 2018/19 financial year the bank cases in the future secured more than 15.6 billion birr profit with 90 percent achievement compared some of the defendants which their with the target. However in the 2019/20 charges are dropped. financial year the bank’s profit has According to a statement from the contracted to 14 billion birr that has over Attorney General, over 325 companies 10 percent reduction compared with the and more than 700 individuals’ case was preceding year and 36 percent lower than suspended after the attorney dropped the targeted performance in the year. In their charges for not issuing a receipt. the 2019/20 financial year CBE targeted These include Tsegu Berhane Trading to secure close to 21.8 billion birr. Plc, Royal House Finishing Plc, Conark In the year CBE also targeted to amass Trading, MNA Trading, Panumun 100 billion birr from fresh deposit, while Supplies PLC, Zenit Gebs Eshet Ethiopia, the achievement is 54 percent. A year ago Lemat Hotel and Trading, Super Double the bank mobilized 89 billion birr that T General Trading, Ada Food Complex, has a 35 billion birr difference from its Asfaw and Family Bar and Restaurant, latest performance. and Anbessa Sporty Betting. Regarding revenue for the year the bank Moreover, OK Agro Industry, Ethio- achieved 107 percent of the target and German Pharmaceuticals, TTN General collected close to 68.8 billion birr, while Trading, Habesha Sport World, Lion the expense that significantly hiked from Trading Plc, Rozita Bakery, Enrich Agro the target has consumed most of the Industry Plc, Blue Bell Computer, Addis revenue. Ababa Abattoir, Ethiopian Tourist Trading For the year the state giant expected to Enterprise, Royal Foam, BlueBird Trading expend 42.5 billion birr, while the actual and Joy Leather are also included in the expenditure stood at 54.8 billion birr with list the attorney genral pardoned. additional 29 percent hike. The attorney General also suspended 21 Sources at the bank said that the major cases of individuals and companies that reason for expansionary expense is the were appealed by prosecutors after being salary increment that was done in the ruled by a lower court. These include year. The bank has increased staff salary Habitat New Flower Homes, Kepa almost by double, which surpassed the Textile, SZSA Construction Machineries bank’s expense. “Besides salary expense Rental and Gonga Construction. inflationary situation at operations like The attorney general also announced that building rent has some contribution,” a it will continue to suspend more cases in source said. the future. www.capitalethiopia.com Year 22, No. 1131 Sunday Aug. 9, 2020 Local News 7 WHO ramps up COVID-19 support to hotspot countries in Africa Cases surpass 1 million mark

By our staff reporter pandemic has taken varied trends: 10 global procurement consortium which countries accounted for 89% of new cases leverages their networks, expertise and The continent over the past two weeks. New cases have product knowledge to support countries that The first members of a surge team of increased by more than 20% in 16 countries have limited access to markets. The WHO- health experts from the World Health recorded in the African region in the past two weeks led consortium has secured critical volumes Organization (WHO) have arrived in compared with the previous fortnight. of testing kits and other key diagnostic Johannesburg, South Africa to bolster the supplies from major manufacturers. 14,656 new country's response to COVID-19. As the WHO is increasing support to 11 countries continent surge past one million cases, which have requested assistance as they So far, the consortium has shipped 1.8 WHO is expanding support to countries experience a surge in COVID-19 cases million testing kits to 47 countries in cases over the experiencing a significant uptick in cases. and deaths. The Organization is mobilizing Africa over the past month. Another 1.1 South Africa is among the five countries more technical experts on the ground, million testing kits are expected to be in the world most affected by COVID-19. scaling up trainings to build up local dispatched in the coming weeks. last 24 hours After their arrival, the WHO surge team capacity, particularly at the provincial Testing for COVID-19 in Africa remains went into quarantine in line with the and district level. With community low by global benchmarks, but capacity has Southern Africa has confirmed a total of national regulations. A second group of transmission occurring in more than half expanded significantly since the outbreak 565,100 cases, of which South Africa experts will deploy next week. Altogether of countries in Africa, WHO is beefing began. In sub-Saharan Africa, over 6.4 alone took by far the greater proportion more than 40 public health experts are up community engagement and health million polymerase chain reaction tests have that stood at 538,200. expected to provide surge support, working education and providing direct material now been performed. Eleven countries are North Africa has 170,200 cases, West with national and provincial counterparts support to strengthen testing capacity. now performing more than 100 tests per Africa 136,800, East Africa 85,600 and on key areas of the response. "Lack of testing is leading to some under- 10,000 population, compared with just six a Central Africa 49,600. "As the impact of the virus intensifies in reporting of COVID-19 cases and preventing month ago. July saw a 40% increase in the At least 10,200 people lost their lives a number of hotspots in Africa, so too are us from understanding the full picture of total number of tests performed compared to the virus in Southern Africa, 7,000 in WHO's efforts," said Dr Matshidiso Moeti, the COVID-19 pandemic in Africa," said with the previous month. North Africa, 2,000 in West Africa, 1,900 WHO Regional Director for Africa. "At the Dr Moeti. "We need to turn this around In related development coronavirus cases in East Africa and 945 in Central Africa. request of the South African government, so countries can calibrate their response, in Africa exceeded the 1 million mark, the Ten countries account for 89% (735,482) of our experts will be embedded with the ensuring it is most effective, and as cases Africa Centres for Disease Control and all reported COVID-19 cases in the African national response teams, working closely move into the hinterlands, testing must be Prevention said on Friday, as the continent Region: South Africa, Nigeria, Ghana, with local public health officials to address decentralized from the capital cities." recorded 14,656 new cases over the last Algeria, Kenya, Ethiopia, Cameroon, some of the urgent challenges the country To help meet demand for essential medical 24 hours. The death toll from the virus in Ivory Coast, Madagascar & Senegal. is currently facing." equipment across Africa, WHO and other Africa reached 22,066, while recoveries South Africa accounts for more than half, Across the continent, the COVID-19 United Nations agencies have formed a rose to 690,436. according to WHO Africa office.

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www.capitalethiopia.com 10 Local News Year 22, No. 1131 Sunday Aug. 9, 2020 Ensuring mosquito net distribution could halve malaria deaths during coronavirus

By our staff reporter epidemic scenarios. diagnosis in settings with limited testing for both diseases. An estimated 228 million long-lasting insecticidal nets The researchers say that simple age-based guidelines Mosquito net distribution could help halve the number (LLINs) were due to be delivered across Sub-Saharan could substantially help reduce malaria burden if malaria of deaths from Malaria during the coronavirus outbreak Africa this year, more than ever before. The researchers tests are unavailable. in Africa, researchers say. estimate that if these mosquito nets are not deployed They estimate that presumptive malaria treatment of and preventative chemotherapy and case management is There are concerns that malaria control activities – such 70% of children under the age of 15, who present with a reduced by half for six months, there could be 779,000 fever, could save 178,000 lives in the next year. as distributing insecticidal nets – could be severely malaria deaths in sub-Saharan Africa over 12 months. disrupted as a result of the pandemic. Dr Thomas Churcher, from Imperial’s School of Public If prevention activities were to stop during the outbreak, Health, said “it is vitally important to get malaria Writing in Nature Medicine, Imperial’s COVID-19 the team estimates that 200,000 deaths could still be prevention measures out now to reduce the pressure on Response Team estimate that malaria deaths could more prevented over six months if treatment of malaria is health systems as COVID-19 cases increase.” than double in 2020 compared to 2019. maintained. Okefu Oyale Okoko, Deputy Director/Head Integrated But swift action could substantially reduce the burden The researchers recommend that routine distributions of Vector Management Branch National Malaria Elimination of malaria and prevent joint malaria and COVID-19 LLINs should be prioritised alongside maintaining access Programme (NMEP) Public Health Department Federal epidemics simultaneously overwhelming vulnerable to antimalarial treatment and the use of chemoprevention Ministry of Health Abuja, said “in the face of COVID-19 it health systems. to prevent substantial malaria epidemics. will still be important to ensure vector control interventions In the article the researchers estimate the impact of When it comes to treating children with fever, the continue to be deployed as much as possible in order to not disruption of malaria prevention activities and other researchers said that fever is a symptom of both only sustain the gains already made in malaria elimination core health services under four different COVID-19 COVID-19 and Malaria, which can potentially confuse but ensure we do not have a resurgence in malaria.” Strengthening women’s access to climate information services crucial adapt to climate risks

By our staff reporter Division, said African governments and Jennifer Mohamed-Katerere, an continent to have a better understanding of institutions should provide incentives for independent expert on human rights and the social conditions and impediments to environmental governance, for her part, The Economic Commission for Africa women and girls to engage in CIS and women’s engagement in CIS. He hoped (ECA) and the African Institute for in the process help contribute towards said “policy interventions are needed the webinar would go a long way towards Economic Development and Planning poverty eradication and the attainment of to promote meaningful participation of increasing the capacity for women to (IDEP) on Thursday, August 6, hosted a the sustainable development goals. women in the climate information and participate in CIS generation, packaging, services value chain to improve access to webinar in which participants discussed She emphasized that there were close dissemination, uptake and use. climate data and services.” ways through which member States and links between gender and climate, adding “There was convergence towards certain institutions can strengthen the engagement gender inequalities exacerbated climate Katerere said critical policy interventions steps that need to be taken to ensure of women in climate information and change vulnerabilities in communities. were needed in engaging women in impediments to women’s engagement in services (CIS) which they can utilize to decision-making; participatory planning; “We need to demystify climate change and CIS are removed. There is awareness and support the CIS value chain for the benefit communication and information technology readiness to utilize available resources of their countries and communities. call for aggressive policy interventions or and education. even affirmative action in some instances and tools in developing climate informed Held under the theme Strengthening to ensure we address the issue of limited Participants emphasized the need for plans and policies, and in using climate the Engagement of Women in CIS participation of women and girls in climate innovative solutions to ensure capabilities information in practice,” said Murombedzi. Generation, Packaging, Dissemination, issues and science,” said Matashane- are built for women in relation to access “We need to think creatively and should Uptake and Use, the webinar sought to Marite, adding understanding gender to CIS. not be risk averse if we are to successfully strengthen the engagement of women complexities was of uttermost importance James Murombedzi, ECA’s African Climate address these challenges. We need to in CIS at regional level and to build before delving into initiatives to increase Policy Centre (ACPC), said the webinar begin to operationalize some of the their capacity and awareness of climate women’s engagement with CIS. had helped participants scattered across the interventions we are proposing.” information tools and resources. Participants identified and discussed the potential contribution of women in mitigating environmental damage and embedding climate justice in governance Over 50 mln people at risk of mechanisms as the world emerges from the coronavirus (COVID-19) pandemic; enumerated tools, resources and networking opportunities to support women engagement in CIS; and identified hunger in the Horn of Africa bottlenecks and impediments in facilitating women involvement in CIS at national and sub-national levels. Corona virus, locust, flooding contribute to the disaster In his remark, Jean-Paul Adam, Director of the ECA’s Technology, Climate Change By Metasebia Teshome requiring urgent humanitarian assistance. food and income sources. and Natural Resource Management The region hosts over 8 million internally Following the assessment the IGAD Division, said investing in women as part Approximately 50.6 million people displaced people (IDPs) and 4 million Food Security and Nutrition Response of the climate change response was crucial refugees and asylum seekers, all these Strategy which was launched on Tuesday as this would lead to environmental gains or 20 percent of the total population in east Africa region are at risk of require food and non-food assistance. August 4, calls upon member states and and greater returns across the sustainable partners to provide technical and financial development goals (SDGs), Africa’s being food insecure and require food The desert locust invasion is also estimated support to IGAD to implement a series of Agenda 2063 and broader development assistance by the end of 2020 according to affect approximately 2 million people short-term interventions to deal with the objectives. to the Intergovernmental Authority on across the region, depriving them of their unfolding crisis. Development (IGAD). primary sources of food, and rendering “Women have significant knowledge them food insecurity. Over 2.5 million “Nearly 50.6 million people are projected The compounding impacts of COVID-19 and understanding of the changing people have been affected by floods to be food insecure by the end of 2020 environmental conditions, which could global pandemic, desert locust invasion, across the region during the March to in the IGAD region. With millions of play a crucial role in identifying viable ongoing climatic shocks, conflict and May season. More rains are forecasted in vulnerable populations at risk, IGAD and practical community adaptation,” insecurity, adverse macroeconomic the northern parts of the region between has taken a stance to curb the casualties. said Adam, adding that involving women shocks, together with protracted food July and September 2020, which could in the switch to cleaner, modern energy, This strategy puts in place guidelines for insecurity from past shocks, could lead to result in more flooding. a coherent approach to supporting our ensures that their concerns, and those of a food security crisis in the region states the community, are addressed. An estimated 21.4 million people in the citizens and the region. We call on Member the analysis by IGAD. region are anticipated to become acutely States and partners to work together to He said post COVID-19 it was important Before the current triple crisis, Eastern food insecure due to the economic impacts provide political, technical and financial for Africa to build back better with a Africa was already considered one of the of COVID-19 pandemic throughout support to IGAD in the implementation gender lens. most food insecure regions of the world, this year. This has impacted mostly the of this comprehensive regional strategy,” For her part, Keiso Matashane-Marite, with nearly 28 million people in need of urban poor, rural poor, and households said Workneh Gebeyehu, IGAD executive ECA’s Gender, Poverty and Social Policy food assistance in the region frequently dependent on informal sectors for their secretary. www.capitalethiopia.com Year 22, No. 1131 Sunday Aug. 9, 2020 Advertisement 11

DASHEN BANK S.C CALL FOR TENDER Open Tender NO. DB/005/OT/2020/21 Invitation to Bid for the Maintenance Works of Dashen Bank Own Buildings in Different Towns

1. Dashen Bank S.C. (the Employer) would like to any Dashen Bank branches & Present copy of credit invite interested bidders for the Maintenance and advice ticket during the office hours (Monday to Modification Works of Dashen Bank Own Buildings in Friday: from 8:00 AM - 12:00 AM, 1:00 PM - 5:00 PM different parts of the Country: and Saturday morning: from 8:00 AM - 12:00 AM). a. Lideta II (Balcha) and Debre Berhan Dashen 6. Bidders must submit the TECHNICAL and the Bank Buildings (in AA and Debre Berhan) FINANCIAL OFFER in separate envelopes in duplicate b. Adama Dashen Bank Buildling ( in Adama) copies labeled as original and copy accompanied by a bid security in an acceptable form as stated in the c. Jimma Dashen Bank Building( in Jimma) bidding document. d. Dire Dawa Dashen Bank Building ( in Dire Dawa) 7. Bids must be delivered to the address stated above e. Wolayita Sodo Dashen Bank Building ( in Wolayta (4b) at 2:00 PM on or before September 15, 2020. Soddo) All bids must be accompanied by a bid security of 2. The Employer invites sealed bids from eligible Ethiopian Birr 25,000.00 (Twenty Five Thousand Contractors of Class GC5/BC5 and above. Birr) in the form of CPO or Bank Guarantee. Late bids shall be rejected. 3. Bidding will be conducted in accordance with the open national tendering procedures as per FPPA directive 8. Bids opening shall be conducted without physical and is open to all bidders. attendance of bidder(s) or legal representative(s) due to the current pandemic COVID-19. The Procurement 4. Interested eligible bidders may obtain further Committee of the Bank shall open the bid transparently information and purchase documents from: at the avenue of Dashen Bank, 14th floor Supply Chain a. For information Management Department, meeting hall at 2:30 PM Dashen Bank, Engineering Service Department on September 15, 2020. Head Quarter Building, 7th floor, In front of 9. The bid security shall be presented separately. Failure National Bank of Ethiopia to do so is ground for rejection of bid. 10. Bidders must meet the minimum requirement set for P.O. Box 12752 Tel. +251-115-18-03-52 Addis Technical qualification for the consideration of their Ababa, Ethiopia Financial Offer. b. For Document purchase and submittal 11. Bidders shall read the bidding document thoroughly Dashen Bank, Supply Chain Management and respond accordingly. Department 12. Financial offer of those bidders who fail to meet the Head Quarter Building, 14th floor, In front of minimum Technical requirement, stated in the Bidding National Bank of Ethiopia Documents, will be returned unopened to bidders. Tel. +251-11518-03-56 Addis Ababa, Ethiopia 13. Financial offer of bidders substantially responsive to the Bidding Document will be opened and evaluated 5. A complete set of Bidding Documents in English may further as stated in the Bidding Document. be purchased by interested bidders within 30 (Thirty) calendar days starting from August 12, 2020 at the 14. Declaration of financial statement in the technical address stated above (4b) and upon payment of a non- proposal is ground for the rejection of bid. refundable fee of Ethiopian Birr 200 (Two hundred 15. The Bank reserves the right to accept or reject any or Birr) deposited in account Number 180020002 at all bids. Dashen Bank Always One Step ahead!

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Ever catch the perfect picture with your digital camera or camera phone and wish you could find a way for others to experience it? Here is your chance. If you find yourself at the right place at the right time and happen to catch an amazing scene you believe someone else should see, send us your Spotlight news pictures with no more than 30 words to [email protected] and we will publish it. World Health MARIA THERESA STYLE Optimism around Organization surge Ethiopia's potential team to arrive in in post Covid-19 South Africa environment The South African COVID-19 response will soon Ethiopian law firm Tameru Wondm Agegnehu be bolstered by a surge team of health experts Law Office in cooperation with BonelliErede from the World Health Organization (WHO). recently held a webinar to discuss Ethiopia's WHO will be deploying 43 experts from various potential in a post Covid-19 environment. The fields to support the COVID-19 outbreak response latest in a series of such sessions organised by management. The first 17 health expects will arrive Gianpiero Succi, Partner of BonelliErede in today and include key expertise in epidemiology, charge for the firm's development in Ethiopia surveillance, case management, infection, and Sub-Saharan Africa, it covered important prevention and control, procurement, as well as topics including bilateral relations international community mobilization and health education. treaties and more. Among them is Dr David Heymann, a seasoned infectious disease epidemiologist and public health Opening remarks were delivered by Managing expert, who was at one-time Assistant Director- Associate Michele Saponaro and Local Partners General for Health Security and Environment Seble Geberegiorgis and Weynalem Weldesenbet PHOTO: Anteneh Aklilu at WHO. He headed the response to the SARS spoke at length about several points. epidemic in 2003, working with his team to Wondm Agegnehu, Founding Partner of Tameru mediate international efforts to halt the pandemic. Wondm Agegnehu Law Office in cooperation These deployments have emanated from continued with BonelliErede, commented "With healthy discussions between the Minister of Health, Hon SAFETY FIRST economic growth over the past 15 years, and a Dr Zweli Mkhize, and WHO global and regional population of 100 million people, 70% of who are leadership. With South Africa now among the top under 30 and brimming with potential, it's easy to five of the world's most affected countries, itis see why more businesses are looking to the horn of critical to strengthen its COVID-19 response. Africa for their next venture. However, the nation "At this time when the COVID-19 epidemic in is not without its barriers, some of which have been South Africa is spreading rapidly, it is important that exasperated by the impact of Covid-19. In spite we work together to intensify our fight against the of this, the government has demonstrated a strong virus," said Dr Owen Kaluwa, WHO Representative willingness to overcome its hurdles. Ratifying the for South Africa. "For this reason, WHO is ramping New York Convention, and amending the code up support to complement national and provincial of commerce, along with opening up minority efforts to scale-up the response. Our collective stakes in key economic sectors to FDI means that efforts are necessary to identify cases, isolate international investors have much to be optimistic and provide care, follow up contacts and fully about. By hosting these discussions, our goal implement physical distancing and other key public is to create an environment where dialogue is health measures. In this way we will minimize the encouraged. It is with sincere gratitude that we spread and impact of COVID19." thank all of the attendees, especially our honourable dignitaries. Together, we can continue to put forth WHO will be primarily responsible for funding the solutions to challenges, allowing Ethiopia to shine international surge team with South Africa largely for decades to come." being responsible for providing administrative resources for smooth initiation and integration of the partnership. The surge team will be jointly led by Dr Matshidiso Ethio Lease hands Moeti, WHO Regional Director for Africa and Dr Michael Ryan, Executive Director of the WHO over $7 m worth Health Emergencies Programme. They will work virtually from Brazzaville, Republic of the Congo agricultural and Geneva, Switzerland respectively to support the experts on the ground. mechanization Aleph Hospitality re- equipment to farmers Ethio Lease, the first foreign-owned leasing company, handed over 16 combine harvesters opens the Ramada PHOTO: Anteneh Aklilu to farmers and unions. The agricultural mechanization equipment are delivered to the by Wyndham Addis farmers in line with the government's strategy and the collaborative Memorandum of Understanding, Dubai-based independent hotel management Ethio Lease signed with the Ministry of company, Aleph Hospitality, took over the CASUAL STOP Agriculture and the Agricultural Transformation management of the Ramada by Wyndham Addis, Agency. The agreement came to effect to enable in Addis Ababa, Ethiopia earlier this year. Due to smallholder farmers who will not afford to buy the Cornoavirus outbreak, which followed soon agro-mechanization equipment by themselves. after takeover, the hotel was partially closed but The latest delivery of combine harvesters to the fully re-opened on 22 June, 2020. farmers brings the total number of agricultural In support of Aleph Hospitality's brand values equipment being delivered to farmers to 100 with and the company's "count on us to put safety a total worth of more than $7 million fulfilling the first" campaign - featuring best in class health and commitment the company made to the farmers hygiene protocols in line with the guidelines and and the agricultural sector. The Company is regulations of the World Health Organization and also finalizing the import of dozens of combine local health authorities - the hotel has re-opened harvesters worth $10 million which are expected with a complete set of measures to protect the to arrive in September and October. These safety and wellbeing of its guests. combines are intended for the main harvest season. Since the management takeover, Aleph Hospitality Girum Tsegaye, Ethio Lease CEO said “the has been looking at ways to enhance the hotel continued arrival of these agricultural equipment experience for guests and to optimise the property's demonstrates our commitment in supporting the revenues with the addition of new facilities, country’s agricultural mechanization endeavour including an extension of the gym, a new executive in lieu of solving foreign exchange issues to lounge, meeting room and a spa, set to open in import such critical equipment.” He further stated October 2020. “Sustainable agricultural mechanization can play The hotel, which has been operating since a key role in enabling recovery and building 2016 on Bole Road just minutes from the city's long-term resilience of the farming community. international airport, becomes Aleph Hospitality's Anteneh Aklilu Mechanization can improve efficiency, second property in Addis Ababa, following the productivity and income in agriculture endeavour, PHOTO: company's takeover of the 115-key independently- and enhances food security and livelihoods of branded Getfam Hotel in July 2018. farmers.”

www.capitalethiopia.com 14 Advertisement Year 22, No. 1131 Sunday Aug. 9, 2020 Eastern Africa Power Pool (EAPP) Address: P.O Box 100644, Addis-Ababa (Ethiopia) House 059, Wereda 02, Bole Sub City TEL.: (251) 11 667 1669 | (251)11 667 1670, E-MAIL: [email protected] REQUEST FOR EXPRESSIONS OF INTEREST (CONSULTING SERVICES – INDIVIDUAL CONSULTANT SELECTION)

Name of Project:...... Tanzania-Zambia Transmission assistance by various development partners and ensure harmonization. Interconnector Project (P163752), Required Qualifications/Competencies Grant No.:...... D350 - Technical Assistance to Eastern Africa Power Pool The following skills are essential for this work: Assignment Title:...... Power Market Expert of the EAPP – PIU 1. A Bachelor’s degree in Electrical or Electro-Mechanical Engineering, Reference No. :...... ET-EAPP-85424-CS-INDV Economics, Finance, Business Studies, Mathematics, Physics or related subjects from a recognized University. The Eastern Africa Power Pool (EAPP) has received financing from 2. A Master’s degree in Electrical or Electro-Mechanical Engineering, the World Bank toward the cost of the Tanzania-Zambia Transmission Business Administration, Finance, Management, or Economics will be Interconnector Project and intends to apply part of the proceeds for an added advantage. consulting services. The consulting services (the Services”) include 3. Minimum of 12 years of professional experience in power sector and providing the service of Power Market Expert. more than 6 years in power utility with hands-on experience in power The consulting services (“the Services”) of the Power Market Expert will market and trade related activities. include (but is not necessarily limited to): 4. Professional Training or Experience in energy market trading preferably 1. Provide oversight of all activities related to EAPP regional power market including experience with the design and operation of power pools, development and offer technical and strategic advice to the EAPP GS bilateral contract trading (PPAs), institutional strengthening (e.g. set-up and member utilities on related issues. The Expert will be responsible of market operator), and settlement of contracts for the activities including, inter alia, the following: 5. Working knowledge of relevant energy market clearing software/algorithms ¾¾ Serve as the coordinator for the Market Working Group and support its 6. Financial and economic analysis skills capacity development and transitioning into a formal Market Committee 7. Experience in competitive procurement of international consultancies ¾¾ Design, procurement, implementation supervision, and evaluation of 8. Excellent oral and written communication skills in English. Written and activities and consultancies related to energy market activities of EAPP oral communications skills in French will be an added advantage. ¾¾ Specific supervision and follow-up of projects to: 9. Experience in projects financed by bilateral and multilateral donors such yy Design the regional power market suitable to the EAPP needs as the World Bank and the African Development Bank will be a major plus and context, including the finalization and adoption of regional The detailed Terms of Reference (TOR) for the assignment can be obtained market rules by the EAPP on the following link: http://eappool.org/employment-opportunities/. yy Identify the requirements for commercial readiness of national The Eastern Africa Power Pool now invites eligible individual consultants power utilities and regional frameworks, including trading (“Consultants”) to indicate their interest in providing the Services. Interested agreements, settlement mechanisms, and other rules and individual consultants should provide information demonstrating that they have regulations to enable power trade the required qualifications and relevant experience to perform the Services. yy Design, adopt, and operationalize a suitable market trading The attention of interested individual consultants is drawn to Section III, platform for EAPP paragraphs, 3.14, 3.16, and 3.17 of the World Bank’s “Procurement ¾¾ Liaise with the Independent Regulatory Board (IRB) in its role of Regulations for IPF Borrowers” July 2016, revised November 2017 confirming rules and regulating the market (“Procurement Regulations”), setting forth the World Bank’s policy on ¾¾ Assessment of key capacity gaps in commercial readiness of EAPP GS conflict of interest. and member utilities and recommendations on how to address them The consultant will be selected in accordance with the Individual 2. Identify and coordinate training opportunities for members of the Market Consultant Selection method set out in the Procurement Regulations. Working Group and Traders as well as share with them best practices from other power pools. Duration of the Assignment 3. Support EAPP in knowledge sharing and confidently represent the team The duration of the assignment/service is for three (3) years, subject to six (6) at relevant forums: months’ probation period with satisfactory performance before confirmation. ¾¾ Update and provide advice to EAPP GS, member utilities and Continuation to the second and third years will be subject to satisfactory stakeholders on market design and development activities on a performance evaluated yearly. The expected start date is September 2020. regular basis. Gender Mainstreaming ¾¾ Represent EAPP at relevant meetings and clearly present the EAPP's position as authorized by the General Secretariat. The EAPP is an equal opportunity employer; qualified women are strongly ¾¾ Support planning, organization, and execution of events, workshops encouraged to apply. and meetings related to EAPP’s work program Place of Work ¾¾ Undertake any other functions related to efficient execution of assigned position as directed by EAPP Secretariat & the Project Manager. Eastern Africa Power Pool (EAPP) Secretariat Headquarters, Addis Ababa, ¾¾ Liaise with other technical committees if requested Ethiopia. 4. Successful execution of tasks mentioned above would require the Expert Application File (PDF Format) to get quickly familiarized with the EAPP’s institutional arrangements and previous initiatives. Accordingly, the Consultant should: Consultants/Applicants interested in this assignment are required to submit Expression of Interest accompanied with their detailed Curriculum Vitae ¾¾ Review, previously undertaken or on-going, EAPP studies related to (CV), copies of passport as well as education degree(s) and other relevant energy markets. certificates. ¾¾ Review relevant terms of reference, tender documents, and consultancy contract documents, the IDA Grant Agreement, and Deadline of Submission relevant World Bank guidelines. Expressions of Interest together with CVs and other required documents should ¾¾ Understand the institutional set up of EAPP and the Project be sent to the General Secretary, Eastern Africa Power Pool (EAPP) on or Implementation Unit (PIU) in particular. before August 12, 2020, at 15:00 hours East Africa Time, in PDF format by ¾¾ Understand the roles and responsibilities of the PIU, EAPP, technical using the following e-mail address: [email protected]. Expressions committees etc. of Interest should be clearly marked – “EXPRESSION OF INTEREST FOR ¾¾ Understand scope and modalities of on-going support and technical POWER MARKET EXPERT, REF. NO.: “ET-EAPP-85424-CS-INDV”. SECRETARY GENERAL EASTERN AFRICA POWER POOL www.capitalethiopia.com Year 22, No. 1131 Sunday Aug. 9, 2020 15 News Brief

to the billions of dollars in resources and IFor decades,n the United States has been has provided the UNCTAD membership Floods displace 32,000 in expertise that the American people have the world's largest provider of bilateral with a unique opportunity to be at the invested in Ethiopia’s health system assistance in health. In Ethiopia, U.S. forefront of the new thinking and radical Afar Regional State in recent years. I am honored to join government investments in the well-being policy corrections that the situation now The Afar regional state disaster prevention Minister Dr. Lia Tadesse to hand over of the Ethiopian people have totaled more requires,” she added. and food security program coordination office this new equipment and to continue our than $13 billion over the past 20 years Dr. Kituyi said: “In a world overhung with disclosed that 32,000 persons have been work together, mitigating the impact of – with nearly $4 billion in health alone – the COVID-19 pandemic, UNCTAD15 displaced due to overflow of Awash River. COVID-19 and helping Ethiopia save highlighting the American people’s long- is a first opportunity for the development lives,” said U.S. Ambassador Michael Early warning and emergency response standing partnership with Ethiopia. community to give us a mandate aligning Raynor at the handover event. director, Aydahis Yasin, said the over (Press Release) Agenda 2030 with the global new normal.” flooding occurred in six woredas of the During the handover ceremony, the The UN’s 2030 Agenda for Sustainable regional state, following the heavy rainfall Minister of Health Dr. Lia Tadesse said, Development and its Sustainable this rainy season. “On behalf of the government of the Nearly 200 countries Development Goals (SDGs) are a universal Federal Democratic Republic of Ethiopia, Seven woredas along the Awash River basin call to action to end poverty, protect the I would like to thank the United States to meet in Barbados are highly vulnerable to flood, he added. planet and improve the lives and prospects government for the generous and much to chart new path for of everyone, everywhere, in line with Though Awash Basin Authority has been needed donation of critical care equipment. UNCTAD’s objective of fostering prosperity undertaking flood prevention activities in Ethiopia appreciates President Donald economic recovery from for all. collaboration with the regional and federal Trump’s generous contribution, and that of (Press Release) governments, the devastation happened due the American people to our citizens. The coronavirus to the unusual rainfall, it was learned. United States and Ethiopia share a long UNCTAD’s 15th quadrennial ministerial Crops and animals were also damaged in history of cooperation, and the support of conference (UNCTAD15) to be held in Term the areas, Aydahis said. the United States Government over the Bridgetown, Barbados from 25 to 30 of the (ENA) years has helped strengthen and enhance the Ethiopian health system.” April 2021 will present the world with the first opportunity to align the sustainable Day US provides ventilators To ensure that the ventilators can have development agenda with global efforts to an immediate impact on the health of recover from the COVID-19 pandemic. Ethiopian citizens, USAID is providing to Ethiopia to respond to a complementary package of support, The Prime Minister of Barbados Mia Amor COSIGNER COVID-19 which includes accompanying equipment, Mottley and UNCTAD Secretary-General warranty and service plans, and training for Mukhisa Kituyi signed an agreement for the Definition hosting of UNCTAD15, officially setting The U.S. government has donated a shipment Ethiopian medical professionals. An individual other than the borrower of 250 ventilators and other critical care off preparations for the landmark gathering This donation builds on more than of the organization’s 195 member States. who signs a promissory note and thereby equipment to assist Ethiopia with its response $71 million that the United States has assumes equal liability for it. also called to COVID-19. The donation delivers on committed so far to Ethiopia in response “The COVID-19 global emergency and comaker. President Trump’s generous offer to Prime to the pandemic, which is helping to its extreme repercussions have exposed Minister Abiy of these critically needed strengthen clinical care, disseminate health the need for a fundamental rethinking of Usage Example supplies, in support of Ethiopia’s urgent and messages, build lab capacity, improve many of the assumptions that previously comprehensive response to the pandemic. disease surveillance, and ensure food underpinned the international economic You may need to have a cosigner if you “Today, the United States reinforces its security to help Ethiopians withstand the order,” Prime Minister Mottley said during do not have good enough credit to close unwavering commitment to the Ethiopian effects of pandemic-related disruptions to the signing ceremony held virtually. the deal yourself. people. This donation is a critical addition food production and supply chains. “In a sudden and unexpected way, the crisis

Invitation Bid for Sale of different ADDIS ABABA CHAMBER OF COMMERCE & SECTORIAL ASSOCIATION REQUEST FOR EXPRESSIONS OF INTEREST TO TENDER IVECO model spare parts FOR COSTRUCTION OF HEAD OFFICE BUILDING AMCE invites eligible bidders to participate on the bid for the purchase of different IVECO model spare parts 1. The Addis Ababa Chamber of Commerce and Sectorial Association invites sealed Expression of Interest (EOI) from eligible Local & international 1. Interested bidders upon payment of a non-refundable construction firms for the provision of EOI with relevant documents for birr 100.00 (One Hundred) can collect the parts list from Addis Ababa Chamber of Commerce and Sectorial Association Head Purchasing & Logistics Dept. starting from August 10,2020. Office Building (3B+Lower Ground +G+18) Construction Project. Monday to Friday from 9:00 AM-12:00 AM in the morning 2. The requirement is however more detailed in a prequalification document and 2:00PM-5:00PM in the afternoon. which will be circulated to shortlisted firms upon evaluation of submissions. 2. Bidders should present copy of renewed Trade License, Tin Firms will be shortlisted for participation based on their demonstration of and vat certificate with their offer. technical and financial capability in response to this request. 3. The bid initial offer shall be Birr 700,000.00(Seven Hundred 3. Interested eligible local & International Construction Firms may obtain Thousand birr). further information from Abba Architects Plc. and inspect the EOI documents at the address given below at 6(a) from 9:00 A.M - 5:00 4. Bidders should submit their offer with license and CPO in P.M (office hour). one envelop. 4. A complete set of request for EOI Documents in English may be 5. Bid should be submitted to Automotive Manufacturing purchased by interested firms at the address below at 7(a) and upon Company of Ethiopia Sh. Co. (AMCE) Purchasing & Logistics payment of a non-refundable fee of 1,000 Ethiopian Birr. The method Dept. of payment will be Cash. 6. Bids should be accompanied with a bid bond of Birr 20,000.00 5. Request for EOI with relevant documents must be delivered to the (Twenty Thousand) in the form of CPO. address below at 6(b) at or before 4:00 P.M, August 21, 2020. Late EOI Document shall be rejected. EOI documents will be opened in the 7. Each bidder should propose in compliance to the bid presence of the International Construction firm's’ representatives who requirements. choose to attend at the address below at 7(c) at 4:30 P.M, August 21, 8. Bid documents submission will be closed on August 21, 2020. 2020 at 3:00 PM and shall be opened on August 24,2020 6. (a) Address documents will be issued from: Abba Architects Plc. @ 10:00 AM at AMCE Meeting Room in the presence of Awash Towers Building, 5thFloor on Insurance Side bidders or their representatives who choose to attend. (b) Address Bids must be delivered to: Addis Ababa Chamber of 9. The Company reserves the right to accept or reject any or all commerce & sectorialAssociation, Chamber Building nd the bids at its own discretion. Mexico,2 floor, office No. 212 Address of Bid Opening: Addis Ababa Chamber of commerce 10. Interested bidders can obtain further information from the (c) & sectorial Association, Chamber Building Mexico,2nd floor, company’s: Office no. 212 Purchasing & Logistics Department (Tel. No. 011 646 33 11/011 7. Addis Ababa Chamber of Commerce and Sectorial Association 646 33 46, Fax No. 011 646 33 42, E-mail : eskinder @amceiveco. reserves the right to accept or reject applications made pursuant to this com, P.O.Box 5736, Addis Ababa, Ethiopia) request at its own discretion without assigning any reason thereof.

www.capitalethiopia.com 16 Year 22, No. 1131 Sunday Aug. 9, 2020 INTERVIEW

Aschalew Tamiru works with Dashen Bank, as Director-Marketing and Customer Experience. He is among the first Marketing Management graduates of the Addis Ababa University. He has a total of 16 years of working experience. He has also been a lecturer of Marketing and Management courses in various Universities and Colleges for more than eight years. His industry experience started when he joined Commercial Bank of Ethiopia as a first post graduate management trainee and served the Bank in different capacities including marketing, Branch manager and internal trainer. Currently, he conducts trainings for the National Bank of Ethiopia and other institutions. He is also on the jury of Dashen Kefta Entrepreneurship contest, Dashen Bank’s Ethiopian talent power serious which is part of Dashen’s corporate social responsibility initiative. He is also the founding member of Ethiopian Marketing Professionals Association. He recently authored a book titled “Make a difference with customer service” that focus on marketing and customer service. He talked to Capital about his new book and other branding concepts. Excerpts;

Capital: Can you please give us an overview a difference and stand out from the competition. about your new book? That is customer service and sometimes it is the only differentiating factor between organizations Aschalew Tamiru: The book has a total of four that contributes to greater customer retention parts. The first chapter discusses about basics of loyalty and long term profitability. Furthermore, customer service, external and internal customers, issues such as Customer’s First Impressions customer personality style and other related facts. Effective Communication and Customer Service, The second part rises ‘why customer is top priority Conversation over the Telephone, Business Email for companies?’ and presents practical facts and Communication and Major Do’s and Don’ts of responses. Customer service principles, what do Customer Service are well addressed. customers ever buy, positive attitude and customer Under the final chapter of the book customers of service and building high performance team various types are discussed and it lends tools to deal for good customer service are the other issues with these customers. Issues like communicating discussed in the chapter. with unsatisfied customers, dimensions of customer Chapter three is about how companies or service, solving customers’ problems, customer businesses operating in the same industry with service recovery, moment of truth, follow-up with the same services or products to sell to the the customer, quality customer service and benefits customers use customer service as a tool to make of good customer service are presented. www.capitalethiopia.com Year 22, No. 1131 Sunday Aug. 9, 2020 17

Capital: What is your reason to publish the book? Aschalew: I have taught marketing and management courses at various As a marketing and branding professional, I universities, marketing as a profession gives top priority for customers. Companies practicing Marketing philosophy in their work place, believes that always question myself about my contribution customer is the most important person who pays everyone’s salary and who decides whether a business is going to succeed or fail. In fact, the customer and role in bridging the gap between this can fire everybody in the company from the chairman (CEO) on down, and he or she can do it simply by spending his money somewhere else. Literally, marketing thoughts and principles and what everything we do, every concept perceived, every technology developed and associate employed, is directed with this one objective clearly in mind - customers are practically experiencing at pleasing the customer. As a marketing and branding professional, I always question myself about my most companies of the country contribution and role in bridging the gap between this marketing thoughts and principles and what customers are practically experiencing at most companies of the country. Ethiopians have thousands of years of hospitality culture in welcoming guests at our home, why this is not reflected and practiced at work place is the other reason that pushed me to write the book. Capital: How do you evaluate our working culture and customer handling? Aschalew: As a society, Ethiopians are very hospitable and friendly in welcoming guests to their home, but this may not be always true while one is visiting companies operating in the country. I strongly believe that the hospitable culture of the society that is only limited at home should be extended to every company and practiced as well. This enables the companies to satisfy customers with their services, to make a difference and win customers. Capital: You have been a lecturer at higher education institutions. Do you think there are suitable lessons regarding customer service? Aschalew: Well, customer service is the one and main aspect of marketing; generally marketing is the young discipline around the globe. Marketing is everywhere. In every walk of our life, we deal with marketing. I strongly believe that comparing to other disciplines, marketing has received the least attention among companies. Following this, most companies’ marketing departments are led by non-marketing professionals. When one sees our universities, their marketing department didn’t have customer service course in their curriculum. Only some aspect of customer service is enclosed in some courses of marketing. Universities should incorporate separate customer service course in their curriculum and deliver it to the marketing students. Capital: What will your book contribute to the field? Aschalew: Whether one is new to his/her service role, looking for a job as a service provider, need a good refresher in the basics of exceptional customer service, or a trainer, this book will be helpful and an input in need. Industries such as Banks, Insurances, Hotel and the likes whose services or products are somehow similar, may make a difference among themselves by working more on customer service. Customer service is not a department, rather is an attitude. Customer facing staff must have a positive attitude towards serving customers. Once the staff has a positive attitude, their knowledge and skill gaps can easily be bridged through customer service trainings and reading. In this regard, the contribution of this book is invaluable. Capital: How is the feedback? Aschalew: The feedback is very encouraging. The first five thousand copies have been sold out and the second round of publication is under way and it will be in the market by this week. I’m receiving a phone call from various distributors to distribute the book; so far Jafar and Ha-Hu book stores are the main distributors. To make the book more accessible to the readers I’m advising the main distributor to distribute it to all book stores and walk in retailers. Besides, the book will be available in super markets soon. Capital: Do you have any other work in the near future? Aschalew: I have been determined to contribute my part to bring changes in the marketing of companies operating in Ethiopia; publishing the Book entitled ‘Make a Difference with Customer Service” is part of this effort. In addition to translating the book to Amharic and make available to the market, I have finalized my preparation to publish practical salesmanship book. I also want to take part in the promotion of volunteerisms in the country. To this end, from the sales of the book, I decided to donate 10% to charity

PHOTO: Anteneh Aklilu organizations. Non-existence of proper customer service is already a problem in most places. The problem is more serious in public government organizations. To contribute my part as a Marketing and Branding professional, once the book is published in Amharic and COVID19 is eradicated; in collaboration with media and my marketing fellow friends I’m planning to organize a campaign to deliver customer service trainings to selected customers facing employees of public government organizations for free.

www.capitalethiopia.com 18 Year 22, No. 1131 Sunday Aug. 9, 2020

EXQUISITEEXQUISITE PHOTOGRAPHSPHOTOGRAPHS byby AfricanAfrican photographersphotographers displaydisplay AfricaAfrica OnOn thethe MoveMove onon WikipediaWikipedia iki In Africa, the international organisers Facebook or the strange name of the island. But of the 6th Wiki Loves Africa photographic either way, curiosity got the best out of me and my and media competition announced the travel companions and we decided to explore the international prize-winners of the 2020 island. Shakhloba is one of over a dozen small, Wcompetition. mostly uninhabited islands in Lake Burullus. The The competition takes place annually and calls for magnificent lake, the largest in Egypt’s Delta, submissions along themed lines. is located in Kafr El-Sheikh governorate. Lake Burullus has a very rich landscape. It is nestled in Both amateur and professional photographers and the green fields of the Delta, bordering it from the filmmakers are called to share the world they see every south, with Nile's Rosetta branch towards the east day; life recorded and observed from within their own and the Mediterranean to the north.” communities. Their contribution forms a collection of royalty-free images about Africa, a continent that 2nd Prize goes to Bread delivery bicycle by is often the subject of an external gaze and many Abd Elhamid Fawzy Abd Elhamid Tahoun also taken in Egypt. subsequent stereotypes. Abd said that his motivation to take this shot Initially intended as a month-long intervention, Wiki was “because the boy attracted me for his great Loves Africa 2020 took place as the COVID-19 crisis effort during work at midday, then I noticed the hit Africa. It launched on the 15th of February, and the light and shadow and decided to take the shot.” deadline was extended from 15th March to 15th April to facilitate the significant life changes wrought as the 3rd Prize goes to A Mess by Summer Kamal COVID lockdowns impacted each country after another. Eldeen Mohamed Farag. Over the eight weeks of the competition, 1904 people Summer is a return winner for 2020. She won 2nd contributed just shy of 17,000 images, 2 sound and prize in the 2019 contest. She took the photo during 202 video files that broadly capture the 2020 theme of lockdown “because I like to shoot from the top when Africa on the Move! across the continent. there are suitable configurations”. An international jury of photographers from across Every year the contest looks for an image that Africa and Wikimedia specialists from around the represents ancient traditions within a modern context, world deliberated on the 16,982 images. The quality of with this in mind the following image won the images was a key criterion in the selection, as was the Traditional Culture Prize. encyclopedic value of the image, and also that it was Traditional Culture Prize went to Salt transport by a visually arresting and well framed. Of equal importance camel train on Lake Assale (Karum) in Ethiopia by was the quest to ensure that the unexpected was Olivier. featured. As a project, Wiki Loves Africa is focused The final prize goes to the new video category. on obliterating the ‘single story of Africa’ by visually The video prize goes to Bouba Kam's Le displaying the myriad of experiences that make up Transport Lagunaire à Abidjan (STL) réalisé daily life on the continent. In this case, the thousands of par Bouba Kam’s that displays an unexpected images represented Africa in all its dichotomy through element to transport in Africa by taking us on a the theme of transport, from donkeys and potholed ferry ride across Abidjan’s Ébrié Lagoon. roads to high-speed trains, cargo and ferry boats. The winning video was chosen by the After an exhaustive jury process that lasted several competition organisers for its quality imagery intense weeks , they decided on the following winners: and the simple, contemporary way of sharing 1st prize goes to the image My Homeland (Lake the journey on board Abidjan’s Lagoon Ferry. Burullus, Egypt) by Mohamed Ahmed Yousry The encouraging entries from across Africa, Mohamed said how he came across this image "I heard a events were held by local Wikipedia volunteers to lot about the virgin islands scattered along Lake Burullus. encourage people to contribute photographs, and One particular image of an island called Shakloba share information on the specifics of Wikipedia haunted me. It might be the stunning image I saw on licensing and how to upload their entries. www.capitalethiopia.com Year 22, No. 1131 Sunday Aug. 9, 2020 19

Africa without the assistance of any listen to its southern neighbor earnestly foreign source - a dam that has significant and act responsibly rather than engage in economic and social benefits to the entire fruitless accusation and misrepresentation Horn of Africa, East Africa and the lower of ground realities. The disinformation basin countries of Sudan and Egypt. campaign on the process of the I find the shifting discursive formations negotiation and the technical realities that Egypt has been manufacturing associated with all aspects of the dam troubling. A cursory look into Egyptian is counterproductive to the resolution geography, demography and political of the current misunderstanding and the economy clearly shows the importance future management of the upstream and of the water of the Nile. Egypt has a total downstream management of the water of area of 386,000 sq. miles and a 2020 the Blue Nile. population of 100 mln, 98% of which On a people to people basis, the is concentrated in 5% of the Nile river longstanding relationship between Some observations on the valley and its extensive delta. Egyptian Ethiopia and the lower basin countries is agriculture is among the most productive written in a bond of amity and reciprocity systems in the world with an average acre lasting thousands of years. No well- of Egyptian farmland producing more meaning Ethiopian will have the heart to troubling Ethio-Egyptian than three times that of both Bangladesh harm neither the peoples of the Sudan nor and Philippines, two of the most densely Egypt by embarking upon a deliberate populated countries of Asia (Egypt Stat, policy of development that will have discourses over the 2011). Egyptian agriculture growth rate significant negative repercussions on had kept pace with its population growth their livelihoods. We also think that rate. Egyptians consume large amounts no Sudanese or Egyptian will willfully of food (3,557 kilocalories/capita/day), work towards creating bottlenecks Grand Renaissance Dam higher than most upper middle-and-high against the realization of the Ethiopia’s income countries. Yet, social inequality developmental objectives and goals. The was such that more than 30 % of children Sudanese and Egyptian peoples have By Tadesse Kidane Mariam grand renaissance dam has dramatically suffered from mild malnutrition and hosted thousands of Ethiopians in their changed the nexus and it is time to evolve another 31% from moderate to severe times of political and economic stress. he Grand Ethiopian Renaissance a common ground for all riparian states undernutrition (1990 Studies in Family Let us not dampen it with inconsequential Dam that Ethiopia has been to share the water and its management on Planning). The growing disparity posturing and political brinksmanship. building over the Abbay (Blue the basic principles of fair and collective between social classes had been such that The problems of poor access to Nile) river over the last 9 years utilization of international rivers. The it had affected agricultural policy in favor electricity, water, sanitation services Thas provoked heated debate between agreement that the Nile basin countries of meeting the demands of the better off and the perennial challenges of food Egypt and Ethiopia over a wide range reached in charting out a strategy for population for higher value foods such as insecurity are real and have significant of issues including the scheduled the fair and cooperative management meat. Studies in the 1990s had indicated quality of life implications in Ethiopia. impounding of the river sometime in of the waters of the Nile basin was a that Egypt had been producing more the first two weeks of July/2020. The Finally, I would like to cite the experience good start. Unfortunately, subsequent food for animals than for humans. It has frenzied speed with which Egypt has been of the US in its Colorado river basin as an measures were not taken largely due to become one of the leading importers of defining and redefining the debate over the unreasonable opposition of Egypt to example of the positive ramifications of food crops and commodities in the world system-wide thinking in the development the dam in recent months makes sound any meaningful strategy that would have notwithstanding the fact that it had a analysis of issues rather problematic. evolved a workable basin-wide water of the water of a regional character. The robust agricultural export sector. The US construction of the 221 meters (726ft) Yet, the underlying narrative of Egypt’s management regime. and its grain companies have benefitted all-out campaign to mobilize the world high and 6.5 million-ton concrete Hoover The current strategy of Egypt is unfair and immensely and continue to do so from community behind its position is the Dam over the 2,414kms long river in the devoid of any semblance of normative the export of millions of tons of wheat existential threat that the dam’s very 1930s created the then world’s largest diplomatic approach to problem solving. other grains and commodities every year. reservoir in Lake Mead. Its construction construction will have on Egypt’s 100+ The goodwill that Ethiopia has shown The billions of dollars-worth of subsidies million people, The discursive frame ushered a new cycle of dam building towards both the Nile basin initiative and given to the food sector and the Egyptian upstream and downstream that benefitted that Egypt is a desert country whose the tripartite approach to the resolution military have created a political and very survival depends on the life giving millions of people in Wyoming, of perceived or actual problems that social class that has followed a flawed Utah, Colorado, Arizona, Nevada waters of the Nile is not some thing new. could emanate from the construction of agricultural policy that assigns more Timothy Mitchell (1995) had captured and California. More that 20 smaller, the Grand Renaissance dam has not been investment to animal feed than crops for medium and large-scale dams were built Egyptian construction of its development reciprocated by Egypt. Instead it used its human consumption. The social indicators challenge as emanating from a problem of for energy production, irrigation, water diplomatic advantages in the US, the Arab for Egypt show a middle-income country supply, fishing, recreation, tourism and geography and demography i.e. a narrow World and the United Nations to subvert with a well-established industrial and strip of 15,000 square miles of land along wildlife conservation bringing region- the goodwill shown by the Ethiopian service economy. (Mitchell, 1995). Other wide prosperity for all (G. A Klee, the Nile and its delta accommodating side. The massive propaganda campaign Egyptian geographic, demographic, 98% of its 100+ million inhabitants. This 1991, p.110). Notwithstanding Mexico’s of the Egyptian and Middle Eastern socio-economic and environmental displeasure at the intensity of US water overwhelming dependence of the country and Gulf press and social media against indicators can be cited to refute the capture and some of its environmental on the waters of the Nile and the absence the Ethiopian project has poisoned the simplistic notion that Ethiopia’s grand externalities, the project was largely a of any other alternative hydraulic environment for sane deliberation on renaissance will have an existential successful management of the waters of resource base has defined its position on whatever critical issues that needed to be threat on the country’s development and the Colorado basin. Ethiopia’s prudent the legitimate question of upper riparian discussed. The continuous shifting of the livelihood. In comparison, Ethiopia’s approach of generating only electricity states for a just and equitable share of the forum for resolving the perceived danger social indicators show a significantly from the largest dam in Africa should be waters of the international river. Mitchell emanating from the impounding of the lower standing on almost all fronts. appreciated by downstream countries. had criticized Egyptian construction of its waters of the Blue Nile is a strategy of The Grand Renaissance dam is being Ethiopia had never posed any threat economic development challenges from diversion that lacks legality, sincerity or created any diplomatic fuss over the a nexus of ‘fixed amount of usable land built to generate electricity. It will and goodwill. The recent rhetoric by create a huge reservoir for the sustained building of the high Aswan dam in Egypt and the rapid growth of the population’ some in the Egyptian political circle or the Roseries dam in the Sudan. I call as a constrained vision that had led to a supply of water to Sudan and Egypt. that ‘all options were open’ is a veiled That is why Egypt should desist from upon the leadership and peoples of the myopic definition of solution spaces in threat to seek non-diplomatic resolution the politicization of a regional project concerned countries to desist from the the realms of improved use of technology to an essentially non-existing problem. that will ultimately benefit all riparian politicization of a key regional project and management of resources. The The pronouncements of both officials states. The best way to resolve the by bringing in external forces into the neglect or the downplaying of the and experts of the Ethiopian side have current unpleasant and unnecessary negotiation. Let us cap the unnecessary social and political ecology dimensions underlined the fact that the three countries misunderstanding is to see the project bickering over inconsequential issues of Egyptian society has remained a had already reached a memorandum of as a regional project that generates by charting out a long-term collective fundamental aspect of Egypt’s internal understanding on most technical issues. electricity for the entire riparian states, water management strategy for the entire development dynamics and its external Egypt fully knows that its water supply provides well-regulated water for multi- basin. The phase one filling of the dam relations with critical countries that share will not be significantly compromised by purpose use to downstream countries and went without creating a stir because it the waters of the Nile. the impounding of the waters of the Grand improves the quality of life of millions was technically a non-issue in the first It is interesting to note that successive Renaissance dam. Even if there is a slight in the basin. As clearly indicated by place. Subsequent fillings will be made Egyptian governments have taken decrease in the volume of water during Ethiopia’s prime minister and minister of without any significant repercussions on such discursive frames in any serious the impounding, it is neither an existential water resources and energy, Ethiopia has either Sudan or Egypt. Let us collectively discussion on the shared management threat nor a gap that could not be filled no wish or harbors any ill-will towards seize the moment and re-engineer our of the waters of the Nile. Egypt’s with better management of the use of the peoples of the Sudan and Egypt and discourses on scientific analysis of hegemonic stand on the utilization its water. Egyptian water management would in no way jeopardize the capacity possibilities rather than allow ourselves and management of the waters of the practices need to be revisited before of the lower riparian states to meet their to be guided by emotive and unrealistic Nile is grounded in the 1902, 1929 and anticipating water shortage and other national developmental objectives and assumptions and expectations. 1959 colonial treaties and agreements management problems that could develop goals. The Sudanese minister of water that essentially excluded upper riparian from the Ethiopian dam. Egypt should clearly dispelled the notion that the dam Tadesse Kidane Mariam, Ph.D. is states and gave it almost exclusive use have appreciated Ethiopia’s tremendous will have negative repercussions on his Emeritus A/Professor at Edinboro rights to this day. The construction of the sacrifice in building the largest dam in country’s development. Egypt should University of PA www.capitalethiopia.com 20 Year 22, No. 1131 Sunday Aug. 9, 2020

A section designed to promote Africa’s Continental Free Trade Area CFTA.Now using News, messages, events and commentaries. It’s a joint initiative by PRESENTED BY THE PAN AFRICAN CHAMBER OF the Pan African Chamber of Commerce COMMERCE AND INDUSTRY and Industry and capital. We welcome submittals regarding news/information pertinent to the CFTA and relegated issues.

TRADE FACILITATION Trade pact could boost Africa's Income by as much as $450 Billion - World Bank

he African Continental Free Trade Area to commodities, goods and services across the continent. integration and enhanced growth for African countries, represents a major opportunity for countries to the report maintains. Mitigating COVID boost growth, reduce poverty, broaden economic Moreover, by replacing a patchwork of regional inclusion and help "expand opportunities for In light of the havoc that COVID-19 has wreaked on the agreements, streamlining border procedures and Tall Africans", hailed a World Bank official on Monday, African economy, the report suggests that gains achieved prioritizing trade reforms, AfCFTA could also help which if fully implemented, could boost regional income will be particularly important. increase resiliency to future economic shocks. by around $450 billion. The pandemic has already caused major trade disruptions While overall economic gains would vary - with the By making African countries more competitive and lifting across the continent, including in critical medical supplies largest benefits going to countries with highest trade costs some 68 million people out of moderate poverty, the Free and food and is expected to cause up to $79 billion in - the report pointed out that the agreement would spur Trade Area, or AfCFTA for short, has the potential to output losses in 2020. larger wage gains for women, while boosting wages for increase employment opportunities and incomes", said the However, by supporting regional trade and reducing trade skilled and unskilled workers alike. bank's Chief Economist for Africa, Albert Zeufack. costs, the successful implementation of AfCFTA would The pact was brokered by the African Union, and entered cushion negative COVID-19 effects on economic growth. Successful implementation 'key' into force at the end of May last year for the 24 countries By reshaping markets and economies across the region, that had deposited their instruments of ratification. Small cuts, big results the report revealed that the pact would spur the growth of However, according to news reports, it is unlikely to be Most of AfCFTA's income gains are likely to come by new industries and expand key sectors. implemented for several months, due to the disruptions cutting red tape and simplifying customs procedures. AfCFTA would not only boost African trade, particularly caused by the coronavirus. The initial deadline to begin The report explains that tariff liberalization accompanied intraregional trade in manufacturing, but also increase trading, had been 1 July this year. by reducing non-tariff barriers would boost income by intra-continental exports by 81 per cent and to non- According to a new World Bank report, the trade pact about $153 billion. African countries by 19 per cent. could improve regional income by $450 billion - or The remaining $292 billion would resulting in measures "Successful implementation will be key", spelled out the around seven per cent of current regional income - speed such as lowering trade costs for businesses and facilitating World Bank economist, elaborating on the importance of up wage growth for women, and lift 30 million people out African businesses to integrate into global supply chains. monitoring impacts "on all workers -women and men, of extreme poverty by 2035. skilled and unskilled-across all countries and sectors, With the aim of creating a single, Africa-wide economic Trickle-down effect ensuring the agreement's full benefit". market, AfCFTA offers its members unhindered access In the longer term, the pact would provide a path for (UN News) IN THE NEWS UNECA chief calls for boosting East Africa trade lobby roots intra-Africa trade to augment for Amina's WTO candidature share in global trade ƒƒ Amina is a strong advocate for the actualization of the AfCFTA and has also chaired the WTO’s 10th Ministerial Conference held in Nairobi in xecutive Secretary of the United global markets," she said. Nations Economic Commission 2015, the Dispute Settlement Body and the WTO’s General Council in 2005. Songwe also noted that African countries for Africa (ECA), Vera Songwe, are "driving a solidified trade voice and a ƒƒ Amina's success to the position will be a great opportunity for the EAC emphasized the need to boost resoluteness to implement the AfCFTA." bloc and Africa towards championing global economic policy to increase Eintra-Africa trade in order to augment Africa's share in the global trading "This renewed and reinvigorated approach the continent’s share in global trade. platform. to trade is necessary for economic growth and job creation on the continent," she he East Africa Business Council “The business community in East Africa The ECA chief made the urgent call during stressed. a virtual meeting on African perspectives on has endorsed the nomination is assured that Mohamed will steer the The AfCFTA offers a new hope and of Amina Mohammed, for the WTO to greater heights and it will be an the World Trade Organization (WTO) and prospects for regional trade cooperation on continental exhilaration in terms of World Trade Organisation’s honour for the continent to have the first boosting intra-African trade, facilitating T(WTO) Director-General position. African and first woman as the Director- Thursday, as she emphasized the need to strengthen trade among African countries. Africa's development and industrialization. “Ambassador Amina Mohamed joining General of the WTO,” said the Executive According to the ECA, once in operation, the WTO will be timely as Africa is keenly Director Peter Mathuki. "Africa's trade in the global community was 2 percent two decades ago. We are the African free trade accord has the focusing on the African Free Trade Area He said Mohamed will ably push for the still at 2 percent despite having joined the potential of boosting intra-Africa trade by (AfCFTA),” EABC said in a statement. full implementation of the WTO Trade Facilitation Agreement which will reduce World Trade Organization (WTO) and more than 52 percent by 2022. It said the sports Cabinet Secretary is a trade transaction costs for businesses, having more countries that trade outside Initially scheduled for July, the strong advocate for the actualisation of the by cutting red tape, simplifying and the continent more," Songwe told the implementation of the AfCFTA agreement AfCFTA and has also chaired the WTO’s streamlining customs procedures for virtual event. was postponed due to COVID-19, and 10th Ministerial Conference held in Nairobi exports and imports. "Let's develop our productive capacity experts and analysts are expressing their in 2015, the Dispute Settlement Body and The WTO is mandated to administer trade to transform our goods from raw doubts whether the African continent could the WTO’s General Council in 2005. agreements, trade negotiations, settling commodities," the ECA Executive benefit from its ambitious flagship initiative. EABC said her passion for international trade disputes, reviewing national trade Secretary added. Speaking to Xinhua recently, Antonio trade, exemplary strategic leadership, policies, building the trade capacity of According to Songwe, when Africa trades Pedro, director of the UNECA Sub- diplomatic and negotiation skills makes developing economies and cooperating with itself, it creates more value, and regional Office for Central Africa, stressed her the right candidate. with other international organisations. whenever it creates more value, it creates the need to tap into the AfCFTA as "a The council said Mohamed's success to the Africa’s active and strategic participation in more wealth and reduces poverty. much more dependable" option to realize position will be a great opportunity for the the negotiations at WTO is vital to unlock "The Africa Continental Free Trade Area Africa's major economic development and EAC bloc and Africa towards championing the economic potential of the continent and (AfCFTA) Agreement offers countries industrialization aspirations amid growing global economic policy to increase the increase access to international markets. opportunities to develop regional value pressure on multilateral platforms. continent’s share in global trade. (The Star Kenya) chains and increase competitiveness in the (Huaxia)

www.capitalethiopia.com Year 22, No. 1131 Sunday Aug. 9, 2020 21 CFTAnow PACCI is the lead business organization with members in over 50 countries of the continent representing the interests of businesses and industry associations of every size and sector. PACCI operates as Africa’s voice of business, advocating for pro-business policies that create jobs, growth and prosperity.

OPINION “When we find researches/opinions from other publishers that might interest you, we pass them along. Below you'll find the latest opinions on why without infrastructure and manufacturing, AfCFTA will fall short by Terence Creamer. Their opinions may differ from what you read in CFTA.Now. This article first appeared on The CREAMER MEDIA.

n Ethiopian senior minister and and needs to export to advanced and bloc, however, the continent’s prevailing AfCFTA could boost regional income by special adviser to Prime Minister emerging economies . . . so we shouldn’t infrastructure constraints had to be 7%, or $450-billion, by 2035 and help lift Abiy Ahmed has cautioned that, see this as the sole solution in terms of addressed. 68-million people out of moderate poverty without major infrastructure trade performance, and we have to also “Without the development of infrastructure and 30-million people out of extreme Ainvestment and the development of use this to develop regional value chains across the continent and across national poverty over the same period. manufacturing capacity, African countries and fully exploit the benefits that can be boundaries . . . this continent is not going “These gains would come, in part, from will not be in a position to take full gained from this.” to benefit from this free-trade agreement. decreased tariffs, which remain stubbornly advantage of the African Continental Delivering a virtual keynote address on So, this requires the attention of all high in many countries in the region. Even Free Trade Agreement (AfCFTA), which Wednesday as part of Trade and Industrial policymakers.” greater gains would come from lowering is poised to liberalise trading conditions Policy Strategies’ 2020 forum, Oqubay Likewise, the AfCFTA could only prove trade costs by reducing nontariff barriers across 55 countries. agreed that intra-African integration was effective should there be an increase in and improving hard and soft infrastructure Dr Arkebe Oqubay, who has been at the essential for improving the continent’s “productive investment”. at the borders – so-called trade facilitation centre of Ethiopian industrial policymaking economic prospects, which had been “This free-trade agreement has to go measures,” the World Bank report stated. for over 25 years, has also warned that severely undermined by the Covid-19 side-by-side with improvements in Oqubay argued, however, that industrial the arrangement should not be viewed as pandemic. productive capacity. This will help us policy should be pursued with equal vigour a substitute for the expansion of exports He also lauded the evolution in African to attract businesses, to attract foreign by African governments, as the lack of to other territories, but rather as a way to governance over the past few decades, direct investment and create more jobs. economic diversification remained a major bolster Africa’s capacity to export through which had provided the political basis Ultimately, these trade benefits and the risk to many economies; a fact that had been the development of regional value chains. for greater regional cooperation and development of regional value chains will highlighted during the Covid-19 pandemic, “We must understand that trade between integration. require competitive firms [which, in turn,] as many oil-dependent economies fell into African countries cannot substitute To make the AfCFTA as effective as is reliant on productive investment.” deep distress. international trade or exports to other the arrangements facilitated under the Oqubay was speaking a day after the World He noted that industrial policy had been countries. This continent needs to engage Association of Southeast Asian Nations Bank released a report showing that the embedded in most of the stimulus plans that had been unveiled in recent months by both advanced and emerging economies, most of which also acknowledged the need to shorten supply chains, particularly Ghana positions to become for health equipment and medicines, to improve their resilience to future health crises. This view was also emphasised by South Africa’s Trade, Industry and Competition auto hub in AfCFTA era Minister, Ebrahim Patel, during an African Union meeting of Ministers of Agriculture, Trade and Finance on July 27. inance Minister Ken Ofori-Atta has announced the will constitute a significant step towards import substitution planned establishment of an Automobile Industry and enhancing exports, particularly within the context of the Patel said that, to build economic Development Centre to coordinate licensing of vehicle African Continental Free Trade Area (AfCFTA).” resilience, it was critical that Africa’s assemblers and manufacturers, and monitor their agricultural and industrial capabilities be Following the government’s introduction of the Ghana developed along with trade and supply- Fcompliance with industry regulations. Automotive Development Policy, which provides incentives chains between African countries. With the expected implementation of the African Continental to promote automobile manufacturing in Ghana, a number of Free Trade Area (AfCFTA) once the COVID-19 pandemic is global vehicle manufacturers have signed agreements with the "African countries are learning the hard brought under control, Mr. Ofori-Atta said the establishment of state to establish vehicle assembly plants in the country. lesson that we cannot simply remain the centre, together with other policy decisions to facilitate the exporters of raw materials and importers The companies include VW, Nissan, Toyota, and Sinotruck. VW of medical supplies and food products,” assembly of automobiles in the country, will lead to the export has already begun production of five Volkswagen models-Tiguan, of vehicles from Ghana to the rest of the continent. Patel said, while lamenting that, while Amarok Pickup, Passat, Polo, and Teramont-at its Accra plant. Africa had 17% of the world’s population, The AfCFTA had been expected to come into force on July 1, Nissan and Toyota are expected to open their own plants this year. it accounted for only 3% of the world’s but the impact of the pandemic on participating countries has To support demand for locally-assembled vehicles and save hard- gross domestic product (GDP). led to the postponement of the start date. A new date is yet to be earned foreign exchange, the government is seeking to reduce “Our continent imported $66-billion communicated. the country’s car imports. Ghana’s top five imports by value are agricultural products in 2019 from Based on the number of participating countries, the AfCFTA vehicles, industrial machinery, electronic machinery, cereals, and outside the continent and Africa runs an is the largest trade agreement since the formation of the World plastics. agricultural trade deficit with the rest of Trade Organisation. Its implementation will form a US$3.4tn Of the vehicles imported, used and salvaged automobiles the world of some $22-billion. The level economic bloc with 1.3bn people across the continent. constitute a significant proportion and are quite popular since of imports is bigger than the individual Presenting the mid-year budget review to Parliament last week, most people cannot afford new vehicles. Currently, importers GDPs of more than 40 African countries," Mr. Ofori-Atta said the automobile development centre “will also of used cars which are at least 10 years old are made to pay a Patel said. coordinate the implementation of a Vehicle Financing Scheme fine in addition to the applicable import duties. However, a new Trade policy, he added, should support which will link financial institutions to individuals and groups Customs Bill passed in March banned the importation of certain efforts at building local and continental interested in purchasing newly assembled vehicles in Ghana. specified used vehicles that are older than 10 years. capacities, building regional markets in Furthermore, it will manage an Automotive Skills and Technology In a bid to further the implementation of the automotive energy, digital and financial inclusion, Upgrading Programme to provide requisite skills for the industry.” development policy, government and government-related and enable the start of trading under the AfCFTA. He added: “It is envisaged that the development of the institutions have been ordered to prioritise locally-assembled automobile industry in Ghana, which is one of the new vehicles as their first option when procuring new vehicles for “This must be the time for the ‘Made in Strategic Anchor Initiatives being promoted under the Ministry their operations. Africa’, the ‘Proudly Produced in Africa’ of Trade and Industry’s Industrial Transformation Agenda, (Ghana Web) initiative to be at the heart of our efforts in economic reconstruction.”

www.capitalethiopia.com 22 Year 22, No. 1131 Sunday Aug. 9, 2020

BEST OF INTERNATIONAL No. MOVIE TITLE DOMESTIC GROSS RATE GROSS 1. Home Alone $285,761,243 $477,063,114 7.6 2. Back to the Future Part III $88,277,583 $249,127,982 7.4 3. Father of the Bride $89,325,780 $89,325,780 6.5 4. Hocus Pocus $39,514,713 $39,514,713 6.9 5. The Sandlot $32,950,136 $34,348,443 7.8 6. Ladybugs $14,796,494 $14,796,494 5.5 7. The Preacher’s Wife $48,102,795 $48,102,795 5.6 8. Matilda $33,459,416 $33,459,416 6.9 9. Edward Scissorhands $56,362,352 $86,024,005 7.9 Sudoku 10. Free Willy $77,698,625 $153,698,625 6.0 The game is easy, the rules are simple. All you have to do is make sure you fill every Source: GQ Online Stream 3x3 box every row and every column, without repetition, using the number 1-9. HOME ALONE t is Christmas time and the McCallister family is preparing for a vacation in Paris, France. But the youngest in the family, Kevin (Macaulay Culkin), got into a scuffle with his older Ibrother Buzz (Devin Ratray) and was sent to his room, which is on the third floor of his house. Then, the next morning, while the rest of the family was in a rush to make it to the airport on time, they completely forgot about Kevin, who now has the house all to himself. Being home alone was fun for Kevin, having a pizza all to himself, jumping on his parents’ bed, and making a mess. Then, Kevin discovers about two burglars, Harry (Joe Pesci) and Marv (Daniel Stern), about to rob his house on Christmas Eve. Kevin acts quickly by wiring his own house with makeshift booby traps to stop the burglars and to bring them to justice.

Home Alone Back to the... 3 Father of the.... Hocus Pocus The Sandlot Director: Chris Columbus Director: Robert Zemeckis Director: Charles Shyer Director: Kenny Ortega Director: David Mickey Writers: John Hughes Writers: Robert Zemeckis Writers: Frances Goodrich Writers: David Kirschner Writers: David Mickey Genre: Comedy Family Genre: Adventure Comedy Genre: Comedy Family Genre: Comedy Family Genre: Comedy Drama

Running Time: 1hr 43min Running Time: 1hr 58min Running Time: 1hr 45min Running Time: 1hr 36min Running Time: 1hr 41min

www.capitalethiopia.com Year 22, No. 1131 Sunday Aug. 9, 2020 23

CROSSWORD PUZZLE ACROSS 35 Squashed-circle DOWN 28 Stage of development shapes 29 Lugged around 1 Govt. disaster relief org, 1 Exerciser's excess 36 Small pesky y 31 Hertz's car rental weight 37 However 2 Hawaiian feast competitor 5 Waist strap 38 Museum tour leader 3 Jacket sleeves 32 Angry 9 Wine barrel 39 Birds that honk 4 Short trip on a lake 35 Ins and __ (important 13 Money in Milan 40 Water faucets 5 Charming Southern woman details) 14 Four-team tourney 42 Passed (out), as free matches, for short 6 Online message 36 High-ranking army samples officers 15 Totally mess up 7 Capital of Peru 43 Rocks from a mine 38 Departs 16 Second largest of the 44 Two hearts that beat 8 Airport's luggage 39 Band of criminals Three Bears __ inspection org. 17 Camel's South 46 Sharpens, as a razor 9 Pleat on a pair of pants 41 Auto mechanic's lubricant American cousin 48 Celebrity's hand- 10 Tried out for a lm role 42 Head coverings on 18 Outer boundary sweatshirts written name for a fan 11 STOP or ONE WAY 19 Land of koalas and 52 Region 44 German autos kangaroos 12 Leg joint above the shin 53 __ one's time (waited) 45 Do the driving 21 Northernmost New 14 Thick slices 54 India's continent 46 Hard to see England state 20 Crimson and scarlet 22 Defy authority 55 Letters symbolizing 47 Triple-decker cookie 21 Rodents that squeak 23 Light fog sleep 48 Ventilates 23 Pile that needs 24 Pigtails 56 Makes an attempt straightening up 49 Right away, in memos 27 Sales slip from a store 57 Be durable 24 Small drops, as of paint 50 Leaning Tower city 30 Praises highly 58 Days of __ (long ago) 51 Berets and bonnets 31 Get a smile out of 59 Former abbr. for 25 Accumulated, as a bar bill Russia 26 Person selling to the 53 Air conditioner measure: 33 Exclamation like Abbr. ''Aha!'' 60 Resorts offering highest bidder 34 ''__ upon a time . . .'' massages 27 Regulation Solution: see below

WEEKLY HOROSCOPES

Aries Cancer Libra Capricorn This can be a very happy and creative You have the talent to step in and help a This is a good week to do things you most The first half of the week could be week for you. Make as many contacts as difficult situation. This is a good week enjoy, which could mean more time at stressful. You may avoid unpleasant possible. Your creative imagination is strong and you to work hard and pay attention to small home in your pajamas. It is positive for teamwork and realities by pretending nothing is wrong. Keeping the may be tempted to make things appear better than details. There could be potential misunderstandings. research to improve your position. You may not feel peace at all costs will have a price. Find co-workers they really are midweek. This may not be a bad thing. Be sure everyone is on the same page. Dress your 100 percent, so be sure you're drinking enough liquids. or superiors you respect and trust to help solve Believe you can achieve measurable goals and they're best and expect to make a good impression midweek. Stress on the job could have you forgetting to take care longstanding problems. People will be more supportive more likely to happen. The end of the week can bring Look for ways to compliment other people's work. of your body. Be the grownup in the room toward the as the energy lightens and encourages a more fun- an issue that is difficult to assess. Ask for input from Information will be flying. It's a great time for research end of the week. Don't let someone's childish behavior loving approach after July 23. Be as diplomatic as people you trust. or making useful contacts. throw you off track. possible without making yourself a doormat.

Taurus Leo Scorpio Aquarius You may be frustrated in an area you You may see everything as a competition A polished presentation full of charisma Emotions could be running high. It's still a feel passionate about. A careful, patient early this week. You'll be able to approach can win people over. There can be difficult powerful time for you if you know exactly approach will help you be an ideal team work with great energy and enthusiasm. undercurrents, though. Power struggles what you want and refuse to be stopped. player. Some unsettled things will at last begin to sort The weeks ahead promise a enhanced creativity and could escalate into separate camps and communication Tolerate delays and some frustrating challenges, but themselves out. Be in close communication with co- fun. This is also an ideal time for a vacation or short breakdowns. Your energy is high this week. Resist don't let this discourage you. Your ability to read workers and superiors so everyone is making the same getaway. If you're in management, the best way to deal any temptation to dominate others. You may have a people will help you know what to do by the end of assumptions. Some lessons of the season prior will be with problems is to anticipate them before they escalate. tendency to jump to conclusions, as your imagination the week. If you're a manager, find ways to celebrate repeated with greater success late in the week. Don't Some lessons of the past months will be reviewed later could be working overtime. Be the boss of your yours and co-workers' achievements. This motivates hesitate to move in a fresh direction. in the week, but your luck remains strong. attitude and refuse negative thoughts on the job. people and improves overall morale.

Gemini Virgo Sagittarius Pisces Get as much done as possible early in the This is a happy week for anything that Expect slow and steady progress early As the week begins, you may feel as week. People will be especially helpful. encourages people to have fun and enjoy this week. Frustrations have a way of if you're stuck in neutral and unable Midweek can be stressful, especially if themselves. Other people's refusal to making you feel like a victim, or worse, to make the progress you know is you're forced to tolerate other people's strong opinions. communicate can be frustrating midweek. You may be inadequate. Tolerate what you can't change. Midweek possible. Be patient and finish all you can to prepare Do your best to smile and find humor in stubborn quizzing co-workers about something that really isn't an to Friday is a better time to take action on problems for opportunities soon to come. This week begins a situations where you don't feel appreciated. You might issue. A relaxed approach is best. The energy lightens that cause you unnecessary stress. Look for solutions monthlong period that's wonderfully supportive for experience a distracting work-related flirtation. This as the week moves forward. It will be easier to enjoy a rather than target your own or other people's faults. all you do. If you want to change jobs, this is the can also be a time when you'd rather play than work. If sense of harmony in all your contacts. A situation can Being critical will only cause hurt feelings and won't time to start networking. You may rediscover some possible, plan a short holiday soon. spark gossip or take an office flirtation to the next level. further your agenda. opportunities that you missed in the months prior. Crossword Solution

www.capitalethiopia.com 24 Advertisement Year 22, No. 1131 Sunday Aug. 9, 2020

DEADLINE EXTENDED TO AUGUST 26, 2020! Title: Inviting Startups for the NINJA Business Plan Competition in response to COVID-19 Main 3. Winners may also get the opportunity to travel to Japan for further investments and business partnerships sponsored by Japan International Cooperation Agency (JICA) Ethiopia Office, JICA. Federal Small and Medium Manufacturing Industrial Promotion Authority (FeSMMIPA) and Federal Urban Job Creation and SELECTION CRITERIA Food Security Agency (FUJCFSA) have announced the launch of the NINJA Business Plan Competition for businesses 1. The proposal should introduce some level of innovation emerging during the COVID-19 outbreak. NINJA is short for Next in terms of a business model, a new product or service Innovation with Japan; the project was launched this year. that can be more actively used, and/or profitability in the current and post COVID-19 era. The NINJA Business Plan Competition will target startups and organizations from 19 African countries. The application is open 2. Proposals should be as commercially-oriented as possible. for startups/organizations in all sectors with a specific focus on 3. JICA may establish an evaluation board with outside emerging businesses in COVID-19-related fields including, but evaluators experts under strict confidentiality to evaluate not limited to: proposals. 1. Health: Online healthcare support; disease-testing 4. Each country will have 8 to 10 finalists out of which up to solutions; medical data sharing and privacy protection 5 winners will be selected. solutions; distribution of drugs and medical equipment; 5. Winners from each country will participate in the grand finale IoT, including 3D printers, in the medical field TARGET COUNTRIES 2. Disaster management: Geo-tracking during disasters; emergency information dissemination Angola, Burkina Faso, Botswana, Cameroon, Côte d’Ivoire, Egypt, Ethiopia, Ghana, Kenya, Madagascar, Mauritius, Nigeria, 3. Business services: Support for remote workers; efficient Rwanda, Senegal, South Africa, Tanzania, Tunisia, Uganda and management/operation of online events Zambia. 4. Education sector: Remote learning support 5. Food and agriculture: Efficient food/commodity SCHEDULE distribution technology 1. Extended application deadline for Ethiopia (due to 6. Finance: Contactless transactions/payment; lending/ absence of internet access during the launch of this insurance services to SMEs and individuals competition): August 26, 2020 (First-come, first-reviewed 7. Logistics: delivery service, urban mobility management base) 8. Other: Substituting imported goods with local innovative 2. Interview of selected startups: Early September 2020 technology 3. Final selection: September 2020 WHO CAN APPLY (Applicants must meet all criteria 1-4) Note: JICA will request the startups invited to be interviewed online to submit additional documents/a pitch deck if necessary. 1. Organisations with their head office or a branch in one of the target countries. IMPORTANT THINGS TO NOTE 2. Profit/non-profit organisations registered as an independent legal entity. Proposals from individuals will 1. When applying, each company is to submit a business not be considered. plan with the Key Performance Indicators (KPIs) that can be achieved within about 6 months. 3. Companies with a very strong management team of at least 2 people. 2. Before the contract, JICA will examine the details of the proposed activity and the validity of the budget (each 4. Businesses that have an innovative product(s) or service(s) expense item) and JICA may request the additional in response or adaptable to the Pandemic and post-pandemic society OR have a feasible business plan to create prototypes documents to determine the detailed activity in the contract. (MVP). 3. After the contract is signed, startups/organizations must submit monthly reports about the KPIs to JICA. (The THE PRIZE duration of the contract will be about 6 months.) 1. Winners from each country will be given a chance to 4. JICA will make payments based on the progress of the sign a work contract with JICA for their innovation(s). proposed activities and the submission of the progress 2. Winners will be eligible for equity/debt-free sum of up reports and/or the expense report with receipt. to USD 30,000 by JICA for covering costs associated 5. The payment schedule will be determined by JICA, and in with the proposed activities including, 1) remuneration of principle, no advance payment at the commencement of the staffs, 2) other expenses, and 3) indirect local tax. contract.

To apply for the NINJA Business Plan Competition, please go to https://forms. gle/8E5RQuchUsU5P8Jt7or go to the JICA Ethiopia Facebook page: https://www.facebook.com/ jicaethiopia or use this QR code to access the application form For any queries about the competition, please get in touch with us at the following email address: [email protected]

www.capitalethiopia.com Year 22, No. 1131 Sunday Aug. 9, 2020 25

Adowa, and during the reign of Emperor grasping at what genetic memory Haile Selassie I, who defeat the invading could provide augmented with good Italians again in the mid 1900’s, Negroe ole “African ingenuity” aka “n%#*@r was the accepted lingua franca for Black riggin” to survive. The nomenclature, folks, honed by White folks. Ethiopia, reminds us that all Nations of For Ethiopians, identity had not been this ubiquitous land rallied for millennia coopted by colonizers and hence their to protect the all-encompassing identity; basic right to self-determination and preserving the precious dynamic DISCOURSE WITH DR. DESTA cultural sovereignty and identity remained heritage for generations to come. intact. This is why I argue that the stories Mahmud Ahmed sings in Ethiopia which circulate periodically, peddling Hagere, loosely translated and sung by politically motivated propaganda that several generations, “…I am proud of both Emperors Menelik II and Haile you, I can’t take your name from my Selassie I denied being Black, are false. mouth, the word itself is sweet like TO “B” OR NOT TO “b”: Their reported declarations in response honey to my mouth that’s why I always to being asked if they were Negroes call your name. Our beautiful country was a resounding No. If indeed this is that we are proud of, you are more than A Question of Identity true, I argue that to answer NO, in the anything else, where you come from is aforementioned context, is correct. The a deep source…you are my world…we denial of being labeled as Negro speaks grew up on your soil and we are beautiful, “What a thing to be both unique and familiar and still to a strong sense of identity as Ethiopia we are your fruit and we continue to give unlike any other. Lead or be led astray. Follow your light was a sovereign empire, not identifying fruit…Ethiopia hagere…Ethiopia my with such branding, notwithstanding country…”. This same love and delight or lose it. You can’t wear a crown with your head down… local references such as k’eyi, tayim and is expressed present day in Beyonce’s the question is who are you?” Beyonce, Black Is King. ye k’eyi dama describing the range of Black Is King visual album released this hues dotting the diverse and noble nation. week and touted as a “… a celebration They were Ethiopians, bekka. (Factoid, of blackness, a love letter to Africa… n 2015 Lori L. Tharps, a journalism Both argued that capitalization does the word Ethiopia is said to be rooted in an ambitious attempt to spiritually lecturer at Temple University wrote, matter. Greco-Roman epigraph as early as c. 800, connect African diaspora worldwide to “Black with a capital ‘B’ refers to Now, some unfamiliar with my ‘connect a compound word meaning “burnt face”.) their ancestral homeland.” Lady Bey a group of people whose ancestors the dots’ style may not think this is relevant Point being, it is curious that currently voices the trailer on youtube, a gripping Iwere born in Africa, were brought to the to Africa and particularly Ethiopia where some well-learnt and well-spoken journey through time, yesterday, today United States against their will, spilled the notion of identifying through color is Ethiopians can push such nonsense about and tomorrow; connecting space and their blood, sweat and tears to build this a no-no. So here we go back in time. In both Emperors whose victories over heritage through ancient and futuristic nation into a world power and along the 1600’s European scientists including foreign powers fueled the Pan African African images, glorifying the strength the way managed to create glorious German Bernhard Varen, English Movement. Specifically, the Rastafari and resilience of Blackness. “What works of art, passionate music, scientific John Ray and French Francois Bernier Movement embraced and emphasized a thing to be both unique and familiar discoveries, a marvelous cuisine, and categorized humans based on “biological Ethiopia as a beacon of light, inspiring and still unlike any other. Lead or be untold literary masterpieces.” Pan definition of species”. By the 1700’s and Black pride for Black People at home and led astray. Follow your light or lose it. Africanist and a founder of the American thereafter these “scientific” definitions abroad, what has evolved into the Black You can’t wear a crown with your head organization the National Association were massaged to justify the heinous act Lives Matter Movement. down…the question is who are you?” for the Advancement of Colored People of slavery and subsequent race-based The nexus between Ethiopia and Black Take it from Beyonce’, Black Is King… (NAACP), W.E.B. Dubois, lobbied in theories which relegated Blacks to sub- with capital B is identity; it’s the desire with a capital B. the 1920’s for Negro, rather than negro, human status with therefore no need to to protect legacy, culture, language, stating emphatically, “Eight million consider their human rights much less spirituality, food, dress, music, hairstyles; Dr. Desta Meghoo is a Jamaican born Americans are entitled to a capital economic or social well-being. One of its love, hope and determination. The letter.” Ground rules of anglophone these commonly used names was Negro, capital B reminds us that the millions of Creative Consultant, Curator and grammar states “proper nouns” are to be literally the root word for the color black Africans ripped from the continent and cultural promoter based in Ethiopia capitalized, such as the names of people in Spanish and Portuguese. By the late displaced in the Diaspora, whose names since 2005. She also serves as Liaison and places; and in the case of Black for a 1800’s, when Emperor Menelik II had and tongues were taken away, never to the AU for the Ghana based, people, it shows respect and recognition. defeated the Italians at the Battle of stopped being Black, code for African, Diaspora African Forum.

are looking for. In other countries online information is available and accessible for all to see and decide which bank to talk to first. And when asked about the above described COVID-19 supportive Too little too late measures, bank and branch managers have responded to clients that they are ver since the Corona virus the self-employed are losing their jobs recurrent costs and loans taken out to not aware. How is that even possible began hitting the nation, and income. develop the business have to be paid. and what confidence does that create measures were put in place The Government was quick to think However, from what I learn and that the bank is there to provide support to curb the menace, which about measures to be taken to curb observe, the high-level measures and and services to its clients? Eseemed to be effective. From the the impact of COVID-19, both from directives don’t seem to trickle down These are trying times, both for the health perspective, the caseload a health and economic perspective, to the ground. Business owners are country’s health sector and the economy, remained low for a long time and including the following: forced to continue to pay the income the consequences of which cannot be I believe, much credit is due to the tax for their workers and some private mitigated or solved by the Government measures taken at Bole International On April 30, the Council of Ministers banks fail to support their business alone. Instead we need an effective Airport and related quarantine approved a set of economic measures to support firms and employment, like clients as directed. Three months down and coordinated mitigation plan of directives. the road many SMEs have landed forgiveness of all tax debt prior to both the public and the private sector. We were thus able to prevent the in dire straits indeed. Why forcing 2014/2015, a tax amnesty on interest We need to see effective cooperation virus entering into the country to a business owners to continue paying and penalties for tax debt pertaining to and take proactive measures before certain extend. However, it eventually income tax for their workers, who in 2015/2016-2018/2019, and exemption things are out of hand. Banks should found enough ground to cause an fact do not even work? And what is the from personal income tax withholding play a pivotal role here, be creative in exponential increase in the caseload, use of offering new low interest loans, for 4 months for firms who keep finding solutions to help business not especially over the past month or while demanding that outstanding loan paying employee salaries despite not to go bankrupt but provide light at the so and the end is not insight. With payments have to be serviced first? being able to operate due to Covid-19. end of this tunnel and hope to recover people crowding around markets and The fact that payments cannot be made from the crisis they are in. The Council bus stations for example, there is no The Central Bank has provided 15 is exactly the reason for applying for of Ministers and the Central Bank have stopping the virus from spreading billion Birr (0.45 percent of GDP) of additional credit! opened the door; it is up to the tax additional liquidity to private banks to anymore. Remember what happened Admittedly, banks have taken some authority and private banks to take their during the Easter holidays. And then facilitate debt restructuring and prevent initiatives to support business, like responsibility now and apply solutions the unfortunate political unrest created bankruptcies. It has also provided 33 waiving some service charges, and in the public and national interest, only more fertile ground for the virus billion Birr of additional liquidity to the lowering the interest rate for certain not only their own. The business to strengthen its grip on our society. Commercial Bank of Ethiopia. sectors. However, these efforts fall far community have kept their workers COVID-19 however bites much deeper Such measures raised hopes for short of what businesses need. Banks on the payroll while allowing many into society than the health sector business owners and investors that they are in my opinion rather untransparent of them to stay home. It is unfair not alone. As in all countries, the economy would receive much required support in any case when it comes to providing to support them as directed. Otherwise suffers heavily with companies, big to keep their business heads above the information about the services they it will simply be too little too late for and small, loosing business, seeing water. After all, laying off employees render. Clients have no way to make many. their earnings go down and reserves because of COVID-19, is prohibited, easy comparisons between banks and evaporate, while informal workers and while income has dwindled, and inform themselves about services they Ton Haverkort www.capitalethiopia.com 26 Year 22, No. 1131 Sunday Aug. 9, 2020

ETHIOPIA BUNNA supporters worried about the new season ith popular Coach Kassaya Arage in long vacation Fasil Ketema and Bahirdar are boasting the signature of best in the US, Ethiopia Bunna’s absence from players talents while Ethiopia Bunna is hardly mentioned taking part in transfer market turned out a major issue among the market. “I am in a big dilemma whether my team is among club supporters. Cross-town arch rival St George, the heavy weights of Ethiopian Football,” a fan of Ethiopia Wtitle aspiring Fasil Ketema and Bahirdar Ketema in the double Buna suggested. “It is not only me but it is the hottest issue to beef up their squads, many club supporters are getting among the majority supporters” he added. worried that their team may not be at competitive level with the Kassaye who signed a four year contract earning 100,000 heavyweights in the coming season. birr a month plus benefits was not under any obligation in his Ninth in the league table with 22 points from 17 matches before first year. But many are expecting him to perform better in the season was suspended due to Corona Virus, Kassaye’s the coming new season therefore worried about the quality of record (five wins, seven draws and five defeats) was hardly players to join the team. impressive among fans that expected a miracle on his arrival to Though the fans are not arguing about Kassaye’s return home the club for the second spell. at the time of Covid19, many want to have a glimpse of what Despite the players’ transfer window not yet opened, St George, is happening about the squad building for the coming season. Great Ethiopian Run “Abraham's“Abraham's twotwo to host 2nd yearsyears asas WaliyaWaliya edition of 5km HeadHead CoachCoach aa virtual race

dapting to the ‘new normal’ Great Ethiopian Run is getting ready to host wastewaste ofof time,”time,” the second edition of its 5km Virtual Run which will take place in the week Aimmediately before Ethiopian New Year from 6 to 10 September 2020. A total of 1,000 participants of all ages and from AsratAsrat HaileHaile all parts of the world are expected to take part in this race. Great Ethiopian Run is particularly keen for ith his two year contract as national Coach came to an end children and women to participate in the run, in on 6th August, national coach Abraham Mebratu hinted that line with its advocacy for healthy living for the he may return to club coaching once he finished business in whole family. hand with CAF and FIFA. “I heard my name attached with Wsome clubs. But I had no contact with any club until the final day of my Next week marks the start of a 4-week social contract. We will see the development together,” Abraham told reporters. media campaign leading up to the run where incentives and challenges will be offered to those Since Ethiopian Football Federation President Essayas Jirra officially who register for the run. stated that contract renewal is not on the table, Abraham’s next stop is sure to be back to club football or return to Gulf nations where he made Ethiopian Airlines is offering two return tickets to a name as Yemen Olympic Team Coach. But Abraham appeared not in any destination in the world served by its network. a haste despite he lost the 5,500 USD a month job. These tickets will be awarded by raffle from among all run registrants. According to some senior coaches notably Asrat Haile considered the most successful coach both at club and national level, Abraham’s Participants are encouraged to wear something two years at the national hot seat was a waste of time for he delivered yellow which is the color associated with hope nothing to be seen. “Two years and we hardly saw a regular first team while doing the race. All participants will receive let alone a progressive national side” Asrat remarked in his brief stay an e-certificate signed by Haile Gebreselassie after with TV reporters. completing the run. At the time of registration they will receive a seedling to plant in or near their Mentioning his playing adventure from club to national team before own home, as part of Ethiopia’s drive for a cleaner turning as successful coach both at club and national team, Asrat and greener environment. remarked that Abraham’s five wins in 17 international matches and his failure to steer Waliya a place in any one of the three tournaments is Registration for the run opens started on 6th August hardly to be considered a success story. “We are out of CHAN, CAF 2020 and can be done from any smartphone. and Olympic qualifications, so there is nothing to talk about success,” Payment for registration can be done through Asrat remarked. Amole or other optional online banks payments. www.capitalethiopia.com Year 22, No. 1131 Sunday Aug. 9, 2020 27

UNITED STATES and EUROPEAN UNION

Alazar Kebede States federal government often runs blockade stick. Biden will propose, and because of the pandemic. These measures on continuing resolutions and has great the Republicans will dispose or block it. are now running out. Millions of people olicy wonks in Europe often difficulty passing only annual budgets. face an “income cliff”, a massive loss bemoan the fact that, because According to Jacob Kirkegaard, this is Only the hard prospect of a government pure cynicism on the part of President of income. Republicans want to stand the EU consists of 27 member shutdown, literally, gets something their ground and argue for serious states, joint decision-making is Trump and the Republicans, given that accomplished. they often claim to fight for “hard-working cutbacks. Faced with similarly existential Poften fiendishly difficult and the results threats, Europe has proven it can act in a are suboptimal. These same people often Looking back to the precursor of the Americans.” Evidently, what they really current COVID 19 crisis, the 2008/9 mean by that term is multi-millionaires determinedly more constructive fashion dream of a more integrated structure and than the United States. naturally think of the United States of global financial crisis, the President at the and billionaires. The particular irony, of America. time, Barack Obama, proposed a sensible course, is that not just Donald Trump, To conclude, it is not so much the legal infrastructure investment program to but the entire Republican Party has found structure, one country or 27 countries, It is true that the United States is formally stimulate the economy and get people special support among working-class but ultimately cultural values of cohesion integrated as one country, equipped with back into employment. That proposal Americans. and solidarity that determine whether a federal system consisting of 50 states. was a classic economic policy response to policymaking ends up with sensible The United States even sports a fiscal The next evidence for this absurd behavior stimulate demand. Given the constantly results. Compared to the extreme disunity union, something that progressives in lies right ahead. Jacob Kirkegaard further deteriorating United States infrastructure, noted that to safeguard Donald Trump’s and cynicism that rules the United States Europe want to accomplish as well, while it was also a very sensible substantive reelection prospects, Republicans in the political process, the EU 27’s decision- European conservatives still resist it. idea. Passing the required funds would Congress had initially agreed to rather making process, difficult and suboptimal Jacob Kirkegaard, Research Associate at be a sure thing in any civilized nation. generous, but temporary income support as it was, nevertheless led to constructive the Institute for International Economics Not so in the United States. There, the measures for Americans out of work results. stated that despite all the hoopla, drama Republicans were entertaining notions and frustration that was on display that this would lead to state socialism. particularly at the recent European Summit, it is worth recalling that According to Richard Phillips, a New policymaking in Washington is regularly York-based international financial analyst, a far more frustrating experience. talking about civilization, the Republican Party in the United States over the past Jacob Kirkegaard argued that there, two two, if not four decades has been notable sides stand adamantly and unshakably for talking a great deal about the need to be opposed to each other. They are engaged “compassionate.” Sadly, it uses that term in in brutal tribal warfare. Moreover, a purely cynical fashion, as a rhetorical tool politicians in Washington rarely, if ever, to mask the party’s utter callousness and come to a bipartisan agreement. If that intransigence when it comes to sensible happens, it is usually only a short-term spending decisions for common people. At measure, meaning that very soon again the the time of the 2008/9 crisis, the Republican frustrating internecine warfare will begin leader in the Senate Mitch McConnell only from scratch. The results achieved are often had one priority, to see to it that Barack extremely twisted and tend to satisfy mostly Obama would remain a one-term president. intransigent extremists. Naturally, within With such torched earth approaches to such frameworks, it is next to impossible to policymaking, it is no wonder that the solve the very real problems. United States is no longer just treading Compared to that, hard though it may water, but actually in rapid decline. be to believe for Europe’s battle-worn There is method to this madness. summiteers and the European public Richard Phillips noted that for decades, at large, the EU 27 is a haven of strong Republicans have been perversely proud internal logic, even tranquility. After all, of a dysfunctional government process it just set the financial frame that will that gets nothing accomplished. In govern the European Union for the next essence, they never want to spend any seven years. And it agreed on a heavily public money, other than on defense. The contested package of special recovery only other laws they like to pass are tax measures designed to address the fallout cut measures for the rich. The sad news is from the COVID 19 crisis. The key word that, owing to the minority protections in here is “agreed.” the United States Senate, and as a result Jacob Kirkegaard noted that in a way, the of the United States Supreme Court often recent Brussels EU summit once again acting like a side arm of the Republican ended like a papal selection conclave Party, the blockading experience from the in the Catholic Church. Ahead of and 2008/9 episode is bound to repeat itself. during the election process, a great The Democratic Party front runner amount of horse trading is going on. Presidential candidate, Joe Biden has Various factions are competing feverishly proposed a $2 trillion package to invest to gain the upper hand. It’s messy. It can in a lot of green deal measures. If elected very easily be nasty. A lot of “china” can President, he wants to enact it after his be broken during the process, straining election in order to overcome the current personal relationships. But in the end, economic crisis. His primary target? To invariably so far, white smoke has risen. stimulate the creation of jobs. According Compare that to the situation in the to Richard Phillips, one can firmly count United States. The United States federal on one thing: The Republicans will be budget is rarely, if ever, passed on time. opposed. And they have the tools in To compensate for that, the United the legislative process to make their

www.capitalethiopia.com 28 Year 22, No. 1131 Sunday Aug. 9, 2020

RESUME INVITATION TO TENDER Name: Emebet Alemu

Education: 8th grade Tender Title: Supplies Company name: Emu candle of Oxygen Concentrator

Title: Owner Tender Reference #: T-SCI-ET-2020-013

Founded in: 2019 SAVE THE CHILDREN, the world’s leading independent non-profit organization for children intends to procure What it does: Produce different various “Supplies of Oxygen Concentrator” and hereby invites potential suppliers to submit a sealed tender for kinds of candle STARTUP CAPITAL these services. 10,000 Birr HQ: Bishoftu Potential service providers may obtain the tender CURRENT CAPITAL documents against payment of a non-refundable amount Growing Number of employees: 1 of ETB 100.00 from the Save the Children Country Office, Addis Ababa from Aug 10, 2020 to Aug 31, 2020 during BIG PICTURE PERSONALS working hours from the following Address: Save the Children, Ethiopia Country Office, Addis Ababa Reasons for starting the Most interested in meeting: Near Bisrate Gabriel Church, Supply Chain | business: Financial freedom Sheik Mohammed Ali Al Amudi Procurement Office Tel # 0113 728455/61 Ext. 388

Biggest perk of ownership: Most admired person: My Tenders submitted must be accompanied with: Trying new things mother ¾¾Renewed business license for the year 2012 E.C. VAT | TIN registration certificate; Biggest strength: Hard Stress reducer: Praying ¾¾Bid Security in the name of “Save the Children worker Favorite past time: Spending International” amounting to ETB 50,000.00 in the form of time with my family CPO or bank guarantee valid at least for 3 months from Biggest challenging: capital the date of tender submission. (Cash and insurance Favorite book: None Plan: To have my own candle bond are not accepted) ¾¾Authorization to Import, Manufacture and/or Distribute factory Favorite destination: USA products First career: Favorite automobile: Pick- ¾¾Company profile Café owner up trucks ¾¾Documentary evidence in the form of detail specifications, sketch, and/or drawings, verifying conformity of items to Pause the moment requirements ¾¾Evidence of past performance record on similar works and other relevant credentials ¾¾Completely filled SCI Price Schedule ¾¾Warranty services ¾¾Statement of Declaration in compliance to Save the Children Policies Tenders must be submitted in four (4) Sealed envelopes, bearing the bidder’s official seal, and clearly marked TECHININCAL and FINANCIAL “Original” and “Copy”, EASTER ISLAND and must include the bidders’ name, and contact address, ocated out in the Pacific Ocean, Easter as well as the Tender title and Tender Reference number. Island, a special territory of Chile, is home Tenders must be submitted in the bid box prepared for to Moai statues that are the only thing left this purpose at Save the Children, Ethiopia Country of a culture that once lived here. These L Office onSep 01, 2020 before 02:00P.M. gigantic and impressively carved heads are just another reminder that primitive people were not Save the Children International Ethiopian CO Committee really all that primitive. The stones that attract will open tender responses on the same day at 02:30 visitors to this island are made out of volcanic P.M. at its own discretion. ash; many still remain in the quarry, left behind by the inhabitants as diminishing resources on Save the Children reserves the right to accept or the island left their tribes doomed to wars that finally killed them off. reject this bid, in partial, or in its entirety. www.capitalethiopia.com Year 22, No. 1131 Sunday Aug. 9, 2020 Comment 29 Von Greyerz: The Nightmare Scenario For The World

By Egon von Greyerz major increase in money supply is the low velocity of money. ƒƒ Unemployment escalates leading to more UBI and All the money printed is not reaching the consumer but more money printing “Gold has no role in portfolio of wealthy clients” said instead staying with banks and other major institutions to ƒƒ Banks start falling including the $1.5 to $2 quadrillion the chief investment officer of Goldman Sachs’ private shore up their balance sheets. Very little reaches the real derivatives market wealth management in the week that gold in US dollars economy. ƒ went up by over $100 and made a new high of $1,984. ƒ Money printing reaches $ quadrillions leading to The graph below shows the rise in the US Money Zero hyperinflation Many found this statement puzzling as another Maturity stock - MZM. This is the broadest measure of ƒƒ The financial system collapses together with major Goldman department previously has told clients not to liquid money. It was $4.3 trillion in 2000 and is now $21 parts of industry and society sell anything gold. trillion. Only since March 2020 it has increased by a ƒƒ Social unrest, civil wars, cyber wars and major conflict The CIO went on to say: “Our view is that gold is only massive $4 trillion. will be rampant appropriate if you have a very strong view that the US If we then look at the velocity of MZM we see how it ƒ dollar is going to be rebased. We don’t have that view.” reached 3.5 in 1981 when inflation was high and interest ƒ Political systems fail as governments lose control leading to anarchy Minnesota guidelines would allow long-term care staff rates reached 20%. Today the velocity has collapsed to with COVID-19 to return to work in a crisis an all time low of 0.9. So what we are seeing is that the money printed is not spent but used to prevent the financial THE WORLD WAKES UP TO THE FACT THE IMPLODING DOLLAR system from collapsing. THAT IT IS BANKRUPT So here we have a dollar that has lost 85% against gold Obviously governments and central banks will desperately AS THE DOLLAR FALLS VELOCITY OF try to introduce resets, new digital currencies, do a bit of in this century and 40% since 2018. How can the CIO of MONEY WILL PICK UP the mighty GS say that the dollar is not being rebased. hocus pocus with debt to pretend it has disappeared. The History certainly tells us that she is not telling the truth. Or As the dollar falls and velocity of money increases, we US might even revalue its alleged stock of 8,000 tonnes does she believe that the dollar won’t go down in coming will see inflation increasing rapidly. Higher inflation will of gold. But their bluff will be called. The effects of any years. As CIO she can clearly see what everyone is seeing lead to higher interest rates. I experienced this in the UK measure governments take will only be temporary as the namely that the prospects for the dollar are doomed with in the 1970s when inflation was in the mid to high teens world realises that it really is bankrupt. what is happening in the US economy causing surging for many years. My first mortgage was at 21% in 1974. I sincerely hope that all the above is really a nightmare in the deficits and unlimited money printing. Central banks are today managing to artificially suppress form of a dream and will never take place. Because if it does, The truth clearly lies elsewhere. No asset manager is interest rates and in the short term defy the laws of supply the world is back to the Dark Ages or the Dark Years are here interested in protecting their clients’ assets by investing in and demand. High demand for credit should in a free as I wrote about in 2009 and revisited in 2018. the ultimate form of wealth preservation which of course market lead to high interest rates and thus taper demand is physical gold. The reason is very simple. Goldman’s for credit. But in a world controlled and manipulated by THE WORLD GOES BACKWARD 100 private wealth management like all other asset managers central banks, the laws of nature are temporarily set aside. YEARS This leads to false markets and false prices. are not interested in holding physical gold for their clients If the world retraces a century of evolution or more, it for the simple reason that the bank can’t earn sufficient The likely course of events in the next few years are as is clearly in for at least 50 years of very hard times. But revenue on just holding client gold. Instead they want follows: except for the initial shock and readjustment, life will go to put expensive proprietary products and their own on for most people but at a different level. Obviously living managed funds into client portfolios and also buy and sell THE NIGHTMARE SCENARIO standards will decline substantially. So will security. shares regularly to churn commissions. ƒƒ Accelerating deficits and debts No bank, managing client portfolios, tells their clients that ƒƒ Falling dollar and other currencies MANY OF LIFE’S TREASURES ARE FREE in the last 20 years gold has outperformed all major asset ƒƒ Unlimited money printing to save banks, and failing The positive aspect is that moral and ethical values will classes including stocks. The Dow for example has lost financial system return with family and friends becoming the kernel of 70% against gold since 1999 (excluding dividends). society again. And many of the best and free things in ƒƒ More printing to save failing companies Instead asset managers stick to their conventional portfolios life will still be there such as nature, books, music, good of stocks, bonds and some alternative assets. The Dow - ƒƒ Ever higher subsidies for furloughed and unemployed conversation, close friendships etc. With the lack of many Gold ratio is now 13 on its way to at least 1 to 1 as in 1980 ƒƒ Universal Basic Income (UBI) introduced in most of the superficial material values, we will appreciate the and probably 0.5 to 1 as I discussed in last week’s article. Western nations real value of the new simple life even though it will seem ƒƒ UBI means that everyone is paid a basic wage whether a lot harder initially. 100 TRILLION GOLD IN WEIMAR they work or not What I have outlined above is not a forecast but a potential REPUBLIC ƒƒ This will lead to ever fewer people working scenario which I sincerely hope won’t come to pass but What 0.5 to 1 Dow-Gold ratio means in price is impossible to ƒƒ Higher unemployment means more printing the risk is certainly there. say today. It could be $20,000 gold and 10,000 Dow. It could ƒƒ More printing leads to more currency debasement also be $50,000 gold and 25,000 Dow. And if hyperinflation GOLD WILL ASSUME ITS CRISIS ROLE takes hold, which I think is very likely, we could see $100 ƒƒ This leads to higher velocity of money higher inflation Gold and silver are now in the acceleration phase of a billion gold. At that point I would expect the ratio to collapse ƒƒ Central banks lose control of rates as long end of bond secular bull market. As always, there will be corrections in line with most stocks and be substantially below 0.5 to 1. market sells off on the way to much higher levels. Gold at $100 billion might sound sensational but remember ƒƒ High long rates push short rates up In a period of such severe crisis which I outline above, that the world has seen a lot higher gold in fiat money. ƒƒ Rates reach 5% then quickly 10% and on to 15-20% gold will obviously assume the role it always has, namely In the Weimar Republic in 1923 gold reached Marks 100 at least as money and the only money which will maintain its purchasing power and act as insurance and wealth trillion. ƒƒ At 10% rates interest cost on global debt of $275 But measuring the gold price in worthless paper money preservation. But remember, it must be physical and trillion would be $27t stored outside the banking system in a very safe place and obviously serves no purpose. 100 trillion marks might sound ƒƒ $27t is 34% of global GDP – totally unsustainable like a lot of money. Well, it is if you have to pay it in actual jurisdiction. paper money. But the problem is that paper money at that ƒƒ So much more money printing required At that point it will be meaningless to measure gold in point has lost its useful function. Today paper money is ƒƒ Bad debts surge leading to defaults, sovereign, corporate worthless dollars or euros. Instead, think of gold in ounces gradually being abolished. In Sweden for example, no one and private or grammes and purchasing power terms. carries or pays with paper money. Even for small amounts like a loaf of bread, a credit card is used. AS PAPER MONEY DIES The Public Health Disaster . . . Abolishing paper money has been a planned process by governments and central banks. Firstly it makes bank Continued from page 2 runs impossible. The banks will simply just turn off the ATMs. They can obviously also stop electronic transfers. destroyed in a glance. I created the above graphics, using official date of The most important aspect of electronic money is the Big In the top chart, when we compare the mortality rates of both the US Centers for Disease Control and and Brother is Watching Syndrome. Now the state has total covid19 in Sweden v. the US, including all data until the Folkhälsomyndigheten, the Public Health Agency of electronic control of the citizens money not just from a tax end of July, the US’s mortality rate of covid 19 in the age Sweden. The major disclaimer I have about the graphics point of view but the state can decide to block individual group of less than 39 years of age was 0.58%, more than I created is that the US lockdown response to covid19 accounts or to charge fines or taxes without the permission 1,230 times greater than the 0.00047% mortality rate of that is hundreds to thousands times worse in result versus of the account holder. Sweden. Furthermore, in the age demographics of 40-59 Sweden’s no lockdown, free and open society response As regards hyperinflation, it is only a matter of time before and 59-69, the death rate in the US from covid19 versus is likely skewed a little higher than reality. This bias inflation picks up as the frantic printing accelerates further Sweden was respectively 215 times and 211 times greater originates from the inaccurate reporting of covid deaths in in line with the collapsing economy. The current explosion than Sweden. In the bottom chart, I compared Sweden’s America, as already four states, Washington, New York, of the Fed balance sheet combined with surging government mortality rate for different age demographics compared Texas and Colorado, have admitted to many cases of debt will increase money supply exponentially. This will also to the US mortality rate for the common flu. For the falsely categorizing non-covid19 deaths, including even lead to the dollar decline accelerating. comprehensive age group of all ages less than 60 years deaths from fatal transportation crashes and murders, of age, the Swedish mortality rate of covid19 is less than as covid19 deaths. However, it is not my fault that US DOLLAR FALL AND MONEY SUPPLY 1/3rd of the American mortality rate for the common flu. health agencies have reported wildly inflated covid19 The dollar index peaked at 103 in March this year and has Clearly, as can be easily observed in the bottom chart, the deaths that make their management of the virus appear since then fallen 10% to 93 today. As the dollar continues overall covid19 mortality rate for Sweden’s population pathetic in comparison to Sweden’s chosen strategies of to decline, US inflation will pick up. So far the official US was greatly skewed by nearly all covid19 deaths occurring continuing to operate their nation as if covid19 was less inflation rate is just above zero. Anyone buying food or in the above 70 year old demographic, with the majority of dangerous than the common flu for healthy, working- paying insurance for example knows that this is not a true Sweden’s covid19 deaths occurring in those older than 80 figure. But the real reason why inflation is low in spite of the and 90 years of age! Continued on page 30 www.capitalethiopia.com 30 Comment Year 22, No. 1131 Sunday Aug. 9, 2020

accustomed ways. They have neither the time nor the inclination to search for facts that are not readily available The Public Health Disaster . . . to them. The expert, therefore, must advise first upon the form of action desirable for his client and secondly must Continued from page 29 utilize the established mediums of communication, in order to present to the public a point of view. This is true whether it is that of a majority or minority, old or new age people, which their statistics have thus far validated. article focused on the slightly negative outcomes of personality, institution or group which desires to change Secondly, the only other factor that introduces some their response, and completely ignored their much more by modification or intensification the store of knowledge slight margins of error in the above graphics is the fact heavily positive outcomes, whereby the results of this and the opinion of the public.” that the data available for mortality rates among different “positive” search were nearly indistinguishable from the The most effective propaganda, which certainly the demographics do not exactly match the population data results of the “negative” search about Sweden’s covid19 propaganda about this virus used to justify State leader also provided for these demographic groups to determine response. mandates to lockdown economies around the world mortality rates. Thus I was required to make some In any event, the hypocritical Western media that blasted fall under, convinces the victims of the propaganda extrapolations with the data to determine mortality rates Sweden’s response as a complete failure for having six that they came to the conclusions contained within the of covid19 for the Swedish age demographics. times the mortality rate of its neighbors in Finland and propaganda on their own merit, and that they were not For example, the population data I used for the Swedish Norway, these faux journalists should have turned their ordered to embrace such false beliefs. Bernays stated in population split the demographic data into age brackets propaganda lens inward to within domestic borders and 1925 that for propaganda to be effective, it has to fall of 45-55, 55-65,and so on, that slightly differed from the blasted a covid19 death rate in the US in the under 40 under the category of information for which the public age brackets of 40-49, 50-59, 60-69 and so on provided year old population that was more than 1,230 times that has “neither the time nor the inclination to search for by the Public Health Agency of Sweden for the number of of Sweden. If Sweden’s response was a disaster, how facts”because the facts “are not readily available.” Quite deaths from covid19. Therefore to determine the mortality would you categorize a response that was worse by a sadly, this once staunch pillar of disseminating effective rates for covid19 and the common flu, I was required to factor of more than twelve-hundred times? A complete propaganda is not even necessary today given the century extrapolate the population data for age categories to match apocalypse? And why was this rate so much higher in of brainwashing and dumbing down of society that the age categories for the data provided regarding number the US than in Sweden? As I already stated, it was so has taken place since 1925. The data I complied above of deaths. The methodology I used to estimate the Swedish much higher because nearly no one died in Sweden who that would easily disprove all the lies in thousands of population to arrive at mortality rates for each age group was under the age of 60 from this virus, so printing a articles circulating around the world about the failure of was a direct linear extrapolation. headline that US deaths in the under 40 category were Sweden’s no lockdown approach was readily available on For example, Sweden reported 1.282M citizens between the “apocalyptic” when compared to Sweden, though it the public website of Folkhälsomyndigheten, the Public ages of 35 and 44, an age group of 10 years. Consequently, would never happen in a million years, would still Health Agency of Sweden. But today, most people do not want to spend even two minutes of time to vet information to estimate how many citizens were among those aged 35 be a headline upon which I would heavily frown, as as wrong or true when the information to do so is readily to 39, I merely divided the number of the total citizens publishing such a headline would obviously only be done available. Instead, society at large still prefers to have the for that age group of 1.282M citizens in half to arrive at with the to deceive. Even though the data of mortality parasitic ruling class think for them and tell them what to 641,000 citizens and then added this figure to the 4.448M rates for the under 40-year old category would qualify believe. For this reason, I devoted an entire course in my Swedes that are 34 years of age or younger to arrive at a as a comparison of apples to apples, in some instances, skwealthacademy curriculum just to the development of total population of 5.1M Swedes for the demographic of comparing apples to apples does not mean that such a critical think skills, and I will launch my course as soon 0-39 years of age for my mortality rate calculations. Of comparison would not be deceitful. Quoting statistics as the parasitic world leaders life the global lockdown, of course, if the number of 1.282M citizens is more heavily should not be used when one knows that their use will which I’ve been subjected for 134 days and counting, and skewed in favor of the 35 to 39 year old group than the paint biased, misleading views of the actual situation, allow me to return home. Of course, if you made it to the 40 to 44 year old group, than my total population of 0-39 yet the mass media repeatedly engages in such deception end of this article, you are not among that group, but that years of age will yield a slightly higher mortality rate with no qualms about doing so. also makes you a rarity in today’s world. than reality. However, since all census data is based upon Likewise, the reason Sweden possessed a covid19 death estimates from sampling a much smaller portion of the rate six times higher than Finland and Norway was population, I assume that my own estimates of portions of because (1) Sweden’s elderly population was much greater the demographic categories to yield my mortality rates that than the elderly population of either of those two nations; were based on simple mathematical extrapolations should and (2) As small as was Sweden’s mortality rates were for not introduce any significant margins of error that will all age groups except the elderly, Finland and Norway’s distort the true message and reality contained within my mortality rates were even more minute. Consequently, two charts. compare minute to minute statistics, a 6 times higher Despite this overwhelming scientific evidence of the mortality rate is very easy to manufacture and can be Swedish approach as the most effective combined dual extremely misleading. For example if one country reports health and economic-based approach in the entire world, six deaths out of 100,000 and another country reports 36 I was amazed at the volume of Western media lies and deaths out of 100,000 and both nations have populations propaganda about Sweden’s approach being a horrific under 10 million people, reporting a mortality rate six failure. Western media in the US and the UK were all too times higher in the former nation versus the latter nation is eager to oblige in spreading complete lies and fabricated truly misleading. Now if both nations had populations over garbage by painting Sweden’s massive success as a 150M people and this were still the case, then it would be complete failure by printing headlines that blared, “Sweden okay to report such a statistic as there would be much more has nearly 10 times the number of COVID-19-related truth in such a stat. deaths than its Nordic neighbors”, “Sweden's coronavirus As is evident in the bottom chart, the bulk of deaths death rate is nearly 6 times that of neighboring Norway and from coronavirus in Sweden happened in the over 70 Finland”, “A Very Swedish Sort of Failure”, and “Sweden’s year old demographic, but particularly in the over 80 EXCHANGE RATE Coronavirus Experiment Has Well and Truly Failed.” And year old category. If a nation has many more elderly just in case you’re not the type to watch the nightly news, citizens, percentage wise than another nation, then of 8-7-2020 the Western media flooded the internet with the same false course its overall mortality rate will be much higher, as narrative to ensure that everyone that heard about these its overall mortality rate will be greatly skewed by its CURRENCY BUYING SELLING stories and consequently searched for additional stories large elderly population. This is why it would be fake about Sweden’s no lockdown policy would receive plenty science to extrapolate the high mortality rate of covid19 CHINESE YUAN 4.6117 4.703934 of confirmation about these false narratives. The mission in Lombardy, a region with a high percentage of elderly, of these fake, non-science and non-mathematical based to the entire nation of Italy. All of the Western media’s KUWAITI DINAR 110.5942 112.806084 stories was to ensure that the maximum amount of people headlines about this particular set of data in Sweden in SDR 49.9961 50.996022 around the world remain completely unthinking, obedient comparison to its neighboring nations was completely slaves to State mandated, martial-law style lockdowns disingenuous and deliberately intended to mislead the UAE DIRHAM 8.7226 8.897052 and stay-at-home orders, in which the consequent social American public about the “failure” of the Sweden no SOUTH AFRICAN R 2.0101 2.050302 lockdown policy, that in reality, was among the most isolation from others would not only produce devastating EURO 41.9302 42.768804 financial and psychological effects but also have the added successful, if not the most successful, in the entire world. bonus, for the ruling class, of producing a mental state If you compared the mortality rate of Sweden to another JAPANESE YEN 0.3036 0.309672 Nation A in which only 5% of Nation’s A population was among the global population extremely receptive to hate CANADIAN DOLLAR 24.1007 24.582714 and fear. Yesterday, I conducted a search on the Google over 70 years of age with 90% of its population under Search engine for “the failure of Sweden’s coronavirus 60, and then published headlines, “Sweden’s Covid19 SAUDI RIYAL 8.544 8.71488 response”, and Google, as an apparatus of the parasitic Death Rate 3,000 Times Greater than Nation A”, you ruling class, returned 52M results for this topic. would not be a journalist interested in spreading truth but AUSTRALIAN DOLL 23.0046 23.464692 a spineless coward whose printed propaganda would be And though a search for “the success of Swedens’ directly responsible for the extension of lockdowns that DANISH KRONER 5.0943 5.196186 coronavirus response” returned 63.9M results, and one would likely cause many unnecessary deaths. DJIBOUTI FRANC 0.1967 0.200634 may see the results and perhaps think that for the first time in history, the Google search engine did not have an In the end, I’m astonished at how many people readily KENYAN SHILLING 0.3275 0.33405 parrot the complete garbage implications contained agenda in its search results, a quick glance at the titles of INDIAN RUPEE 0.4724 0.481848 the articles on the entire first page quickly dispel such faith. within some of the misleading headlines I’ve stated The first articles for this search were titled, “Has Sweden’s above that appeared in Western media about Sweden’s SWISS FRANC 37.2121 37.956342 virus response “failure” with not even a single minute Controversial Covid19 Strategy Been Successful?”, SWIDISH KRONER 3.6775 3.75105 “Dramatic Drop in Deaths Doesn’t Mean Plan Worked”, of consideration if the headlines were really true or not. “Misinformation and De-Contextualization”, “Sweden’s In Edward Bernay’s 1925 book, Crystallizing Public POUND STERLING 44.5237 45.414174 Opinion, the person whom many consider as the father of Prime Minister Rejects Criticism”, and “A Warning from NORWIGIAN KRONE 3.5614 3.632628 Sweden’s Coronavirus Response”. Although a few of US propaganda, stated, these articles appear that they may focus on the positive “People accept the facts which come to them through US DOLLAR 35.408 36.11616 aspects of Sweden’s response, they did not. Every single existing channels. They like to hear new things in www.capitalethiopia.com Year 22, No. 1131 Sunday Aug. 9, 2020 31 C l a s s i f i e d

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