Mamo Mihretu
@mihretum
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10th Governor of the National Bank of Ethiopia, Former CEO, Ethiopian Investment Holdings
Ethiopia
Joined February 2009
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“Ethiopia’s removal from the AGOA would deal a serious blow to the welfare of millions of low-income workers at a time when Ethiopia’s manufacturing industry is registering record monthly output levels.”
Here is my opinion piece to read more:
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Whatever concerns one may have about the situation in Ethiopia today, AGOA removal would only worsen the condition of ordinary Ethiopians that have nothing to do with the conflict.
#LetHerWork
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Ethiopian Airlines, Africa’s leading Airlines, posted USD 5 Bill in revenue this financial year, a 79% growth compared to last year. Profit grew by 90%, reaching USD 937 Mil despite the headwinds of worsening global economic outlook, rising fuel cost, global pandemic.
#Ethiopia
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Encouraging measure by China in expanding trading opportunities for developing countries. We hope such measures will be precise, effective and immediately operational.
China will further increase the scope of products enjoying zero-tariff treatment for the least developed countries (LDCs) having diplomatic relations with China, in a bid to reach 300 billion US dollars in total imports from Africa in the next three years.
#FOCAC2021
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Very pleased to be part of Ethiopia’s maiden BRICS participation as a member in Moscow. Our discussion focused on economic cooperation and on further strengthening the international multilateral system.
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Today is a milestone yet only a beginning of a season of hope.
As we hv been given historic mandate and a sacred trust, we must collectively rise to the challenge of delivering peace & progress to all Ethiopians.
The road ahead might be daunting, but we shall not be weary. 🇪🇹
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So pleased to hand over to community leaders in Motta, Gojjam thousands of books, school supplies, computers, a generous donation made possible through support of Books for Africa, container captains, & friends. Investment in eductaion is our the best chance to succeed in life.
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The international community continues to treat TPLF as victim, making them believe that they have no accountability to curtail their belligerence on the ground.
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Inspired to witness in-person the progress made and reflect on the lessons of Oromia region’s agriculture reform program.
THREAD ON LESSONS:
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“The Grand Ethiopian Renaissance Dam has the ability to vastly accelerate the development of Ethiopia and Africa at large, and to some, stands as a symbol for the African Renaissance.”
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In
@declanwalsh
hatchet job, truth is the first casualty. In an attempt to make things fit to the mythical story he consistently tells about the conflict—a dramatic narrative of imminent threat, daring triumph, & heroic liberation —he made up stuff, cherry picked “evidences”. 1)
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A fearless and a truly talented young photographer documenting Ethiopia’s agony and the courage, sacrifice, and devotion of our men and women in uniform. Let’s honor his work by supporting conflict victims and military families.
The Gashena Massacre
On December 1, the terrorist TPLF troops operating in Gashena deliberately massacred more than 60 civilians mostly elderly, mothers and young children in retaliation as they retreat from the town.
#nomore
#ethiopianprevails
#በቃን
#tplfisterroristgroup
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We celebrate the end of the conflict and the unimaginable suffering it caused. We admire the courage and sacrifice of our men and women in uniforms. We look forward to work/ walk with our Tegaru brothers and sisters on a path to lasting peace and prosperity.
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The transformation of Addis is something Ethiopians will appreciate for years to come. Spaces and places affect our behavior & interactions tremendously and the government efforts are incredible and bold.
#VisionForProsperity
.
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Wonderful meeting with the Director General of the People’s Bank of China in Beijing on the robust economic ties between Ethiopia and China. There is a great potential for expanded relations between our two Central Banks.
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The political alliances that TPLF is forming with like minded terror groups proves that its political strategy (never mind its futility) is essentially a throwback to the 1991 period—a military path to power.
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JIT findings—
-the claim of genocide is false and utterly baseless.
-the claim that government used hunger as weapon of war is without merit
-TPLF launched its most treasonous attack against ENDF stationed in Tigray in the dead of night and started this conflict. (1)
A statement with respect to the Joint Investigation Team report of the EHRC and the UNOHCRC.
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Very pleased to spend two days visiting various projects in Amhara Region—a region with infinite and myriad opportunities in agri, tourism, mining.
When all the projects are completed soon, no doubt, it will thrive and transition to greater growth soon.
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Great to be in
#SharmElSheikh
along with the Ethiopian delegation for
@Cop27
to discuss transition to green future. Financing is the make or break issue.
@EthioInvHldgs
will participate in climate finance by selling carbon offset credits & investing in renewables.
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Thank you for the constructive and open dialogue. US and Ethiopia enjoy strong bilateral trade relations. AGOA supports 10s of thousands of manufacturing jobs, 80% of which held by women.
I met with Ethiopia's
@mihretum
yesterday. Our countries have a historic economic relationship and potential for further growth, and I explained that the ongoing violations of internationally recognized human rights could affect Ethiopia’s AGOA future eligibility if unaddressed.
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NBE grants the first mobile money license to a foreign investor in Ethiopia. NBE strongly support the spread of digital payment systems as a substitute for cash-based transactions within the economy.
The National Bank of Ethiopia has today issued a mobile money service license to Safaricom M-Pesa Mobile Financial Service Plc.
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A highly productive week in Washington DC discussing the mutual commitment to strengthen the friendship between the US and Ethiopia. As a key ally and anchor of stability, Ethiopia remains keen to build on this rich history of partnership.
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#GERD
is not just a power project. It's an affirmation of our absolute sovereignty—the recognition of full right over resources in our territory. It is a dialogue bn the past & the present.Above all, it unleashes forces of shared identity that overflows the fetters of boundaries.
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GET YOUR COPY of “Ethiopia in the Wake of Political Reforms.” Order the hardcover. The book is about interrogating, understanding, conceptualizing, and explaining the core components of the reform process in Ethiopia systematically, independently, and rigorously.
#Ethiopia
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Exclusion of ETH from AGOA will push thousands of women away from the dignity of work towards the indignity of the begging bowl. If Ethiopia ever deserved Agoa benefits, there has been no better time than today, nor a more worthy admin than this one.
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መልካም አዲስ ዓመት! May it bring as much joy and peace to as many people as possible.
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“Prime Minister Abiy emerged – his party emerged successful in elections …He has a parliament that backs him. Whatever the imperfections are in the elections, I think that they – in general his premiership reflects a popular mandate that we recognize. “
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Wonderful to see the talented Markus Samuelsson
@MarcusCooks
finally opening in Addis, showcasing Ethiopia’s rich culinary heritage in modern way. Can’t wait to see what he does next.
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Commercial Bank of Ethiopia—with total asset of more than 813 Bill Birr, 25 million deposit customer base and more than 63,00 workforce—is the largest and Ethiopia’s most trusted bank. As a leader in the sector, CBE fueled Ethiopia’s growth—from energy to agriculture to housing.
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Vote. Don’t take this foundational right for granted. It matters. Our unity depends on it.
#EthiopiaDecides
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Wonderful to witness the progress of Koysha Hydro Project—a clean energy project constructed only with the use of green energy. The project optimizes the cascaded flow of water from other dams and can generate 1800 MW.
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The Dire Dawa—Dewelle Toll Road Project—that connects Eth to Djibouti is inaugurated today. A key gov’t deliverable in the 3rd 100 days plan, the project offers an alternative to the main Galafi route—reducing congestion and transit distance to Djibouti by 100kms.
@dagmawit_moges
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“I believe to bend the arc of development history, we must succeed in Africa, where the challenges are the most urgent and the benefits are the largest.” PM Abiy Ahmed
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Ethio Telecom closed a tough year with outstanding results. It realized revenue of ETB 61 billion, launched game changing products like Tele Birr ,served 67 million subscriptions – well on track to realizing its transition from a telecom provider to the backbone of digitization.
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Congratulations to my successor - Abdurehman El Tahir - in his new role as the CEO of EIH. Abdurehman is a passionate reformer and empathetic team builder. Happy to pass the mantle to a person of his caliber and wish him great success in taking EIH to the next level.
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Restoring our cities and leaving a
#GreenLegacy
for sustainable growth “that meets the needs of the present without compromising the ability of future generations to meet their own needs”
#PlantYourPrint
.
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In the last three years, our Govt has been undertaking a host of groundbreaking economic & political reforms ushering in a new era of openness for Ethiopia. These reforms can only strengthen Ethiopia's eligibility for AGOA, not otherwise.
Look forward to closer engagement.
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Wonderful to spend a day in South Omo Valley.With good husbandry, existing investment in irrigation & drainage, it will sustain good crop productivity.Water resources are plentiful from Omo River despite Aug is the drier season. The opp’nty for the private sector is limitless.
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Wonderful visit to Motta, Gojjam. With significant water, land resources; a rich cultural heritage and natural assets; improving road connectivity, it can serve as a stimulus for growth in multiple sectors.
#InvestInEthiopia
#LandofOrigins
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Wonderful spending a day at Harvard
@Kennedy_School
engaging with students and faculty on prospects of economic reforms in context of current cocktail of compounding challenges.
@ricardo_hausman
A special thank you to
@mihretum
, Governor of
@NBEthiopia
for today's
#DevTalks
"Economic Policymaking in a World of Deep Disorder."
@andyneumeyer
@ricardo_hausman
@Kennedy_School
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“Knowing what’s right is hard enough for anyone; knowing what’s right for another country still harder.”
A warm welcome to Samantha Power to Ethiopia, and a word of advice
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Very pleased to interact with fellow Governors of Central Banks of Kenya, Zambia, Mozambique and Uganda on the sidelines of IMF-WB Spring Meetings 2023 on issues of debt sustainability, price stability and trade off between policy choices.
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“The nation that leads in clean energy will be the nation that leads the world."
የሕዳሴው ግድብን አራተኛና የመጨረሻ ሙሌት በተሳካ ሁኔታ መጠናቀቁን ሳበሥር በታላቅ ደስታ ነው። ኢትዮጵያውያን ተባብረን በመሥራታችን ፈጣሪ ረድቶናል። በገንዘባቸው፣ በዕውቀታቸው፣ በጉልበታቸውና በጸሎታቸው በሥራው ውስጥ የተሳተፋችሁ ሁሉ
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In keeping with a long and storied pan-Africanist tradition of Ethiopian diplomacy, it’s a great honor to formally submit the instrument of ratification of the
#AfCTA
. Trade defuses the most fraught relations. Deep and integrated markets always generate prosperity.
#Ethiopia
deposited the instrument of its ratification of the agreement on African Continental Free Trade Area (
#AfCFTA
) later today (April 10).
@_AfricanUnion
@AUC_MoussaFaki
@mihretum
@wointad
@NEBGET
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This afternoon, EIH signed a MoU with Toppan, one of the largest Japanese identity and payment solutions providers globally with over $14 billion in revenues and operating across 20 countries, to establish Ethiopia as a manufacturing hub for Security and Industrial printing. (1)
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Stark, and open confession of a crime of high treason. Unbelievable!
TPLF makes a shameless admission to have undertaken a surprise and lightning strike on the Northern Command of Ethiopian National Defence Forces. If there were any iota of doubt left on the malicious attack perpetrated by TPLF on our National Defence Forces, here's a confession.
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International financiers should support & finance— renewable projects like GERD since—if any thing— these projects represent the collective human progress towards net zero emission—a concrete shift away from fossil sources.
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Grateful to
@WorldBank
for USD 82 Million support to Ethiopia to “address critical neees for
#COVID
ー19 preparedness and response including the provision of vital medical equipments.”
@CarrieTurk
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There is arguably no greater challenge facing
#Ethiopia
than creating jobs. There is no easy fix but improving the investment climate is central to job growth. Key reform priorities include the following.
@AbebeAbebayehu
@EyobTolina
@FantuFarris
@fitsumaregaa
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On the sidelines of the WB/IMF Spring Meetings, the Ethiopian delegation led by the Minister of Finance had extensive deliberation with key US gov agencies including US Treasury, State Dep, USAID & others on the historic, strategic and vitally important bilateral relations.
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“[T]he concept of exiting the Ethiopian AGOA partnership is possibly a huge mistake – one that probably should (and could) be reversed, resolved, extended, or at least peppered with exemptions. “
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Excellent discussion on sideline of WB/IMF spring meetings with Governor Erik Thedeen of Central Bank of Sweden and Governor Andrew Bailey of Bank of England on capacity building support and recent lessons on global financial and monetary stability.
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We will not become weary. We endure. Congratulations to our brave women!
GLORY TO ETHIOPIA 🇪🇹
Amane Beriso Shankule is the women's marathon world champion.
🥈Gotytom Gebreslase 🇪🇹
🥉Fatima Ezzahra Gardadi 🇲🇦
#WorldAthleticsChamps
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Here is a thank you for our national heroes Dr
@lia_tadesse
& her team leading the fight against this enemy. Let's validate their efforts by taking precaution for our own health and donating. No other way. We must expand testing, tracing & quarantine capacity.
#COVID19Ethiopia
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In celebrating CBE’s 80th anniversary, we are building on the accumulated wisdom of the past to bequeath a legacy of hope to our children.
#ReachNewHeights
#CBEAnniversary
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A tragic and cowardly act of political violence. We should not allow those who sow chaos to succeed. I wish condolences and strength to his family and friends.
May he find the peace we all seek!
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Commercial Bank of Ethiopia is set to celebrate its 80th year-anniversary. In keeping with its historic tradition of conquering ever greater heights, it will inaugurate its new HQ this week.
#ReachNewHeights
#CBEAnniversary
#Ethiopia
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ታህሣሥ 10/2012 በሞጣ ከተማ የተፈጠረዉ ግጭትሰላማችንን የአደጋ ላይ የጣለ ፣ አሳዛኝና ፍጹም ሊደገም የማይገባ እኩይድርጊት ነው ።
በመሆኑም ድርጊቱ በሁሉም እምነት ተከታዮች ተወግዟል።
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In time of conflict, to demand journalists—particularly the self described analysts-to respect their own code of ethics is not to ask too much. First is to be truthful, to understand context and second is diligently practice the principle of “do no harm.”
Letter to the
@ForeignPolicy
Magazine Editor.
Gross misrepresentation of the law enforcement operations in Ethiopia.
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The election surfaced the decency and innate maturity of all Ethiopians. Despite coordinated efforts to demean our democratic aspirations,
#Ethiopia
-ns have a tradition of independence that extended beyond our differences—this is our intangible advantages in facing the future.
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While the rest of the world is off track in green transition, Ethiopia is financing its growth via a low carbon pathway by generating 98% of its energy from clean sources.
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Adwa- the spark that ignited the fire of independence in entire Africa. Adwa—the emancipatory and constitutive victory that affirmed Ethiopia’s freedom and national unity.
Throwback from our files: “Our success is only limited by how well we rise as one.”
Today marks the inauguration of the Adwa Victory Memorial, a celebration that belongs to us all.
#PMOEthiopia
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With more than 13 sugar assets (factories, irrigation infrastructure, plantation) and more than 170 bill in investment, the Ethi sugar sector is undergoing extensive reform. (1)
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Indeed, we don’t have much time to make all these changes happen. We seek your help in these efforts. What would be the specific, actionable changes that you want to see addressed? Not generic problems, but actionable measures that would make Ethiopia a true startup nation? (2)
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The importance of small scale irrigation—Farmers in Kontir village in Gojjam managed to double crop yields, changing thier village beyond all recognition through sustaible, all year round and integrated farming.
#agriculture
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The press has a tremendous task of informing the public. However, incendiary and false narratives that wage division and animosity between the people of Ethiopia constitutes harm.
We have deleted an earlier tweet on Ethiopia which was based on a video clip broadcast on Fana TV this morning which we misreported. We are reviewing what went wrong and offer our sincere apologies for the error.
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This week, a delegation of the Ethiopian Investment Holdings (EIH) and its subsidiary the Ethiopian Shipping and Logistics Services Enterprise (ESLSE) visited the Tanger Med Port Complex, a global logistics hub in the Strait of Gibraltar.
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Ethiopia’s
#GreenLegacy
initiative is not just about combating climate change and going green. It is also about delivering real service to the world. It will also be an opportunity to tap into green opportunities through carbon trade.
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Construction is the primary growth driver in many economies. China is a case in point. It provides massive employment, uses substantial local inputs (cement), provides a key local service (housing, commercial space), and becomes citizens' main source of wealth.
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“I want to reaffirm [Africa’s ]collective call for a fast and predictable global framework of debt restructuring that is conducive for accelerating green growth in Africa.” Prime Minister Abiy Ahmed.
Statement at the 36th Ordinary Session of the Assembly of the Union
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#Congratulations
#Ethiopia
! The Nobel Committee has given endorsement to
@AbiyAhmedAli
to keep working for peace, democracy—for “forging fraternity between nations.”
With patient determination, Ethiopia will be a beacon light of hope in the African Continent.
#NobelPeacePrize
BREAKING NEWS:
The Norwegian Nobel Committee has decided to award the Nobel Peace Prize for 2019 to Ethiopian Prime Minister Abiy Ahmed Ali.
#NobelPrize
#NobelPeacePrize
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Substantial new measures are recently taken (below) to facilitate business entry including rationalization of competence & address requirements, minimum capital, & others. Progress is a process--not an event—and key is persistence. We’re grateful for all the great responses. (2)
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Impressed with the way
@ethiotelecom
is handling with little disruption the increased internet traffic, the all too common Zoom video call streaming and overall increase in online activity caused by COVID. Thank you.
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Saddened to hear news of the death of Ato Neway Gebreab. He served the nation with dedication among others as Chair of the Board of Director of the NBE of Ethiopia and member of the Macroeconomic Council for nearly 25 years until his retirement. May he find the peace we all seek.
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The Ethio Shipping & Logistics Enterprise handles most of Ethiopia’s multimodal ocean freight. ESLSE posted ETB 51 Bn in revenue, a 128% increase compared to last year. ESLSE has transported more than 3.6 Mn tons of cargo & registered a net profit of ETB 3 Bn (121% YoY growth).
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The effective functioning of our government depends on an effective center. At PMO, we’ve developed (albeit iterative) a clear one page summary of the government priorities that’ll shape what the gov’t will be doing in the next two years.
#NewHorizonofHope
#Ethiopia
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“Ethiopia’s decision to build GERD is less a renaissance than it is a much overdue reconnaissance of the territory over which the nation, empirically, should have had jurisdiction long ago.”
The Renaissance of Water
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Our reforms are bold and comprehensive. Our goal is to correct imbalances and re-balance and sustain growth—leveraging past achievements in infrastructure and human capital developments. Walk and work with us in this new Chapter!
Ethiopia’s Homegrown Economic Reform Agenda is a well-coordinated blueprint to propel the country’s economic progress. Outlining macro-economic, structural, & sectoral reforms it will pave the path for jobs & inclusive growth.
Full document:
#PMOEthiopia
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You’ll bring not just the right skills and experience, but the enthusiasm, the ability to get things done with humor and an exceptional ability to attract and retain talent. EIC is in a steady hand. We are cheering for your success!. Congratulations
@AbebeAbebayehu
#Ethiopia
: Premier Appoints Aide New Investment Chief
@AbebeAbebayehu
, a lawyer by training, is the new Director General of the the Ethiopian Investment Commission (EIC). He had served as a deputy before he was moved to the Prime Minister Office
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The promising beginning in Oromia emboldens our new administration for deeper and broader success in the rest of the country. (8)
@EyobTolina
@FitsumAdela
@MamoNemera
@ObaOumer
@ShimelisAbdisa
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SBS Language | የአሜሪካ የአጎኣ ችሮታዋን መሰረዝ ጉዳቱ ምን ያህል ነው? የኢትዮጵያ አማራጭ መፍትሔስ ምንድነው? via
@SBSRadio
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“Between revolution and counterrevolution, empire and nationalism, communism and capitalism, there is also another domain—that of reform. It’s a realm of purposive change whose pursuit is aimed not to perfect humanity but only to improve it.” A.O Hirschman
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Substantive discussion on
#Ethiopia
’s membership negotiations to
@wto
has resumed in Geneva after 8 years. Grateful for the support of
@WTODGAZEVEDO
to expedite the process in Ethiopia’s long standing efforts to be part of the multilateral trading system.
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"The U.S. government must maintain a sense of balance, context, and perspective in its determination of Ethiopia’s continued AGOA eligibility. Ethiopia’s citizens have never needed AGOA benefits more than now."
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Those of us who know you know that u give ur work ur full being free from cynicism & sense of self-importance. You put the need of the people at the center. You set an example in ur dedication, service, humility, & above all core decency. Thank you for your service
@fitsumaregaa
I wanted to announce that I will be moving back to Ethiopian Investment Commission—as a Commissioner. I have enjoyed my time immensely as a Chief of Staff serving a historic Prime Minister who will no doubt transform the country for the better.
#Ethiopia
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EIH is a value creating investment entity that applies modern governance and management in line with international best practices. We seek partners with shared goals, a long term view and an interest to become co-investors in Eth’s strategic industries.
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የአፍሪካ ነፃ የንግድ ቀጠና ከኢትዮጵያ ጥቅም አንጻር
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