Dear Patriotic Global Citizens, Friends of African Union & Greater Ethiopia Without Borders:
Re: Improving Global Export Market in Precious Metals, Rivers and Hydro-Electricity
It is amazing that Ethiopia the mother of Egypt, Greece, Rome Civilizations that has sustained those civilizations with Knowledge based SMART leadership and natural resources, continue to have a series of modern clean energy sources such as precious metals like Gold, water, rivers and Clean Energy Sources such as solar, hydroelectricity and wild animal and nature reserve like Nech Sar Park in the Southern region o f Lake Abaya and Chamo continues to make a unique contribution to modern global integrated market.
The recent speech by former British PM Gordon Brown at the 15th African Union Summit in Kampala, Uganda clearly shows that there is competition between the French and the British to access African Resources.
The Chinese have been ahead and are building all the infrastructures needed to access African Resources, and now the Arabs are at the fore front with Ethiopian precious metals like Gold.
Truly, Ethiopia and Africans have to utilize the current ecological and economic crisis to develop Sustainable Security, Good Governance and Progressive Prosperity.
This is the age of New Clean Technology and Africa should lead the way by making sure that its One Billion Citizens will benefit and even prosper from the current crisis.
Remeber: Someones' Crisis is somebody else's Opportunity
Now it should be Africans Opportunity and Ethiopia should lead the way by galvanizing the resources of One Billion people of African descent scattered all over the world
May our citizens and leaders ensure that we do not miss this new boat of opportunity called "Global Ecological and Economic Crisis.
I look forward to your perceptive and creative perspectives
with regards
Dr BMJ
Ethiopia triples gold revenue to $300 mln
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By Barry Malone
ADDIS ABABA (Reuters) - Ethiopia has almost tripled earnings from gold exports to $300 million in 2009/2010 from $105 million in 2008/2009, outpacing plans to double revenue this year, its mines minister said on Monday.
"We've gone up to $300 million mainly thanks to stabilising the market and introducing incentives for our artisan miners," Minister for Mines and Energy, Alemayehu Tegenu, told Reuters in an interview.
The independent miners, who were now guaranteed steady prices from the central bank, had brought in $100 million of the revenue, he added.
A fledgling gemstone industry raised $1.245 million, the minister said.
Alemayehu said Ethiopia had identified possible gold reserves of up to 500 tonnes in different regions and wanted to attract investors interested in exploration.
"We have 86 Ethiopian and international companies exploring for gold, base metals and gemstones like opal, emerald and ruby but we're ready to offer a total of 180 licenses so we're inviting investors," Alemayehu said.
Out of the 86 companies, 30 are exploring for gold, according to the ministry.
Saudi Arabia's Midroc Gold Co. and Britain's Golden Prospecting Mining Co. discovered recoverable deposits estimated at more than 40 tonnes of gold last year and were awarded extraction licenses.
The International Finance Corporation (IFC), the World Bank's private sector lender, in May invested $5 million in the fledgling sector through Nyota Minerals (NYO.L).
Nyota has announced a maiden inferred resource of 690,000 ounces of gold at the Tulu Kapi project, 500 km (310 miles) west of the capital Addis Ababa.
Overwhelmingly reliant on exporting commodities like coffee and sesame, the Ethiopian government predicts growth of about 10 percent for 2010/2011. The International Monetary Fund says the economy will grow by 7 percent.
Ethiopia has made $450.5 million from about 48 tonnes of gold exports in the last 10 years, according to the central National Bank of Ethiopia.
© Thomson Reuters 2010 All rights reserved
| Quotes about Nile Basin Initiative |  |  |
| Written by Egypt News | |
| THURSDAY, 01 JULY 2010 | |
Analysts Egypt is unlikely to give up its preferential rights as a major determinant of what activity takes place along the Nile, although it has strongly denied this claim saying the country is committed to a deal that allows riparian countries to undertake development projects on the Nile. The Executive Director of the Nile Basin Initiative Henriette Ndombe"It is very important for the countries to reach a shared understanding on how to use the Nile waters with each other’s interests in mid" Egypt's Minister for Water and Irrigation Dr Mohamed El-Din Allam River management agreements are not easy to achieve and it can take decades to be resolve. He cited the Columbia and Senegal basin initiatives which took decades before countries could reach an agreement. "For some it took over three decades, but that doesn't mean that we need three decades to reach an agreement as most of the items have been finalized. It is the issue of water security that is only left. This is not like going to the shop and buying an item, you are deciding the destiny of countries and it's critical and sensitive," Dr Allam said. Allam adhered to his position adopted during the last round of negotiations. "Egypt will not sign any deal before its conditions are met," Allam insisted. He added that "Requirements include the commitment to an early notification mechanism before the construction of any projects in upstream countries, and that all decisions are to be finalized unanimously and not through majority vote." Allam accused the riparian countries of "violating the rules agreed upon in the Nile Basin Initiative and which state that decisions should be taken by consensus, not by majority." "If upstream countries insist on signing a unilateral agreement, Egypt will not abide by it and it will not have any legal impact on our share of Nile water," he added. "The Nile Cooperative Framework Agreement must clearly recognize Egypt and Sudan's historic share of the Nile waters," Allam said in a session held in the People's Assembly to debate the issue. Allam added that "Egypt is in bad need of Nile water. Its share is limited in light of the steady increase in the population and the decline in the per capita share of water to 700 cubic meters annually" Tanzania's Minister for Water and Irrigation Prof. Mark Mwandosya "Besides equity and fairness, Egypt and the rest of the countries are also broadly in agreement on the issue of water security" Mwandosya was optimistic that a deal would soon be reached. He added that "We have the same perspective on the issue of water security but it is the structure of the words and concepts that differ" Egypt's Minister of State for Legal and Parliamentary Affairs Moufid Shehab"Egypt hopes that the upstream countries reverse their decision to sign a unilateral framework agreement so that negotiations continue," Shehab said in a parliamentary session on Monday. Shehab added "Egypt deals with the Nile water issue as a life-and-death matter, given that Egypt does not have a water resource other than the Nile." He said "Unlike the other Nile Basin countries, which have several sources of water, the River Nile provides Egypt with 95 per cent of the country's water needs" "Egypt's rights to the Nile water were based on the principles of international law "No country shall abandon an international agreement on the pretext that the agreement was signed during the imperial era, for this undermines international relations," he said. Shehab added that "The rules governing international rivers ban the implementation of any work that might negatively impact navigation safety or the interests of other riparian countries" A chief of the presidential staff and the National Democratic Party's (NDP) secretary of financial and administrative affairs Zakaria Azmi "It was a very sensitive issue which should be tackled by diplomatic means" He warned Egypt's MPs who made fiery speeches while debating in parliament against "talking nervously about the issue" A Chairman of the Arab Water Council and Egypt's former minister of irrigation and water resources Mahmoud Abu Zeid "The Arab Water Council can offer advice to the Nile Basin countries on how to reach an agreement" Abu Zeid said "We have a plethora of high caliber scientists and consultants capable of offering solutions to this dispute" He added that none of the concerned countries had asked for this kind of advice. Egypt's veteran columnist Salama Ahmed Salama"For years Egyptian ministers of irrigation denied the existence of any problems with Nile Basin countries and real efforts to reach solutions were not made" Salama said "Egypt depended on its traditional influence in Africa which is eroding at a time when Israel and other foreign powers are entering the African stage in search of wealth" The Al-Ahram Centre for Political and Strategic Studies Hassan Abu Taleb "There are efforts exerted by Mubarak and Al-Bashir to form a higher presidential commission to be charged with solving disputes and determining joint projects" Abu Taleb said "This could be considered an expression of good intentions on the part of Egypt and Sudan so that matters do not worsen" He added that "This commission will guarantee a high level of commitment, yet it will acknowledge Egypt and Sudan's historical rights to the Nile water" Abu Taleb said that "This case could take many years for international courts to settle" "It could be attributed to the way of negotiations the Egyptian negotiator adopts, either on the technical, diplomatic or developmental side," said Abu Taleb "It could also be attributed to the absence of pressure and enticement cards that could be used by Egypt. And it could also be a result of international and regional conspiracies aimed at affecting Egypt's political power in Africa and the Middle East. "Or it could be the result of an ineffective Egyptian role in African affairs in general and in the Nile Basin countries in particular," Abu Taleb adde |
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