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27 July 2014 News Round-Up

. Huajian Group to build its own industry zone . – Receives 138 hectare plot  The Chinese shoe company, which has already heavily invested in Ethiopia at the Eastern Industrial Zone in Dukem town of the Special Zone of the Oromia Regional State, Huajian Group, is now set to invest USD 2.2 billion on an […]

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What I want to say to the richest kids in the world

Originally posted on Quartz:
Right now some of the richest kids in the world are meeting at something called the Nexus Youth Summit. Their last powwow was at the White House and now through July 26, they are meeting at the United Nations. According to its own website: “Nexus is a global movement of 2000+ young people from over 70 countries…

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China’s cancelled Burma railway is its latest derailment in southeast Asia

Originally posted on Quartz:
A $20-billion Burmese railroad project that would link the Chinese province of Yunnan to the Bay of Bengal was cancelled this week due to fears over the project’s environment impact and objections from the public. It was the latest backlash to China’s attempt to expand its influence in its “near abroad” of southeast…

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Where China Goes To Outsource Its Own Soaring Labor Costs

Submitted by Tyler Durden on 07/24/2014 30 years ago, the great outsourcing wave took millions of US low-skilled jobs and planted them right in the heart of China, which was about to undergo the fastest industrialization-commercialization-financialization experiment in history. $26 trillion in bank assets later, the world’s biggest housing bubble, and a teetering financial system […]

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The U.S. – Africa Leaders Summit: Deepening Trade and Commercial Ties

Zenia Lewis and Witney Schneidman   -  July 24, 2014   Editor’s Note: The U.S.-Africa Leaders Summit blog series is a collection of posts discussing efforts to strengthen ties between the United States and Africa ahead of the first continent-wide summit. On August 4, Brookings will host “The Game Has Changed: The New Landscape for Innovation […]

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24 July 2014 News Round-Up (UPDATED)

. From food aid to nutritious, locally produced food: A look at fortifying flour in Ethiopia . By Jeff Dykstra  -  24 July 2014 A girl from the Suri tribe in Ethiopia carrying a calabash with corn flour. Right now in Ethiopia, nearly half of all children under the age of 5 are stunted and anemic. […]

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Bill Gates Finally Gets His College Degree

Bill Gates Addis Ababa University Honorary Degree July 24, 2014 Thank you for that introduction, Dr. Admasu Tsegaye [President of Addis Ababa University]. Prime Minister Hailemariam; distinguished guests; faculty and students of Addis Ababa University. I am deeply grateful for this honorary degree. I never got my real degree. I dropped out to start Microsoft, […]

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Allana Potash focuses on Ethiopia to meet demands of a changing market

Originally posted on Financial Post | Business:
The potash market has seen its share of trials in recent months. Cartel dissolutions, soaring production costs and declining spot prices have created a challenging market. But Toronto-based Allana Potash Corp. is one company that has turned those challenges to its advantage. Since 2009, Allana’s primary focus has been…

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Half the subsidized urea used by Indian farmers is practically money down the drain

Originally posted on Quartz:
There were eight inconspicuous words in finance minister Arun Jaitley’s maiden budget speech earlier this month: “A new urea policy would also be formulated.” On the face of it, this could seem like another call for tweaking fertilizer subsidies. But in India’s endless fight against rising food prices, it could be a much-needed policy change,…

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22 July 2014 News Round-Up (UPDATED)

. World Bank Urges Ethiopia to Devalue Birr to Boost Exports By William Davison Jul 22, 2014                                   Ethiopia’s birr is overvalued and the country would benefit from a devaluation to boost export revenue and accelerate economic growth, the World Bank said. Reducing the currency’s value by 10 percent in real terms may lead to a […]

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