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Israel's Hapoalim leads financing for Netafim project in Ethiopia

Government soldiers have been hunting down members of the Surma tribe in the Omo Valley (photo) to pave the way for the project of the huge sugar company.
Government soldiers have been hunting down members of the Surma tribe in the Omo Valley (photo) to pave the way for the project of the huge sugar company.

TEL AVIV (Reuters) – Bank Hapoalim has led a deal to provide over $200 million for the Ethiopian government’s sugar company to finance an irrigation project by Netafim Ltd, Israel’s biggest bank said on Sunday.
The project covers 7,000 hectares (17,297 acres) of sugar cane. Israel’s Netafim said this was its largest deal ever.
The finance will be provided as buyers’ credit, guaranteed by the government of Ethiopia, in tranches against milestones in the project, and will be transferred directly to Netafim as payment for exports. The government sugar company will repay the credit in 9.5 years.
Netafim has 17 factories and 4,300 employees around the world, supplying to over 110 countries.
Netafim said this was similar to projects that Netafim has carried out in India, South Africa, Brazil and Peru.

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4 Comments

  1. Dear Compatriots especially House of Israel Ethiopians
    We should not be quiet for this brutal human crime against our people.
    The picture reminds the evil slavery of the medieval period.
    We have to email and call the embassy to inform the Israeli company who invest against the will of the indigenous people. They should know that their investment if built would be on the venue of of blood land.
    The following is email and phone number of Israel Embassy in USA.
    Fellow compatriots in Europe & other countries can call the respective Israel embassies
    202-364-5500
    info @ washington. mfa .gov .il

  2. WHY IS IT NOONE SPEAKING ABOUT THE NEED FOR FLOOD PREPARATIONS IN ETHIOPIA?
    El Niño’s links with drought in southern Africa and the Horn, and with heavy rains in East Africa, are well-established.The Shebelle river basin and the easternmost Somali region are particular areas of concern,
    THERE WAS NO DROUGHT PREPARATION IN ETHIOPIA UNLIKE THE NEIGHBORHOOD COUNTRIES AND THERE IS NO FLOOD PREPARATION TAKING PLACE NOW UNLIKE THE NEIGHBORHOOD COUNTRIES.
    How is it Kenya , Sudan , Eritrea , Djibouti and the rest of El-Ninoaffected African countries are feeding their people during El-nino while Ethiopia IS NOT? IS IT BECAUSE THERE WAS NO PREPARATION MADE UNTIL THE LAST MINUTE IN ETHIOPIA FOR THESE DROUGHT?. Poor rains have hit parts of Eritrea, Djibouti, Sudan and Somalia — but international media coverage has tended to focus on Ethiopia. In part that’s because a lazy connection gets drawn with the 1984 famine,.
    . The UN believes 15 million people will face food shortages in 2016, with the next harvest not expected until June. Ethiopia has a population of close to 100 million.
    Meanwhile, heavy rains and flooding are predicted for Ethiopia’s low lying south and east. The Shebelle river basin and the easternmost Somali region are particular areas of concern, with flooding projected to affect 315 000 people. Flooding not only displaces people, but destroys infrastructure — washing away roads and bridges, affecting market access, and inundating schools and clinics.
    Somalia experiences the same dual risks of drought and flooding — in a country characterised by some of the worst humanitarian and human development indicators in the world. Drought has singed the northern regions of Somaliland and Puntland, while heavy rains in the south and centre of the country have caused floods that Ocha estimates could affect some 900 000 people.
    Heavy rains can also trigger waterborne diseases like cholera and typhoid. Livestock become susceptible to Rift Valley Fever (RVF) — a viral mosquito-borne disease.
    El Niño conditions coupled with the warming of the Indian Ocean along the East African coastline is generating “highly enhanced rainfall”, according to the Kenya Metrological Department. The SOMALIA government’s contingency plan anticipated one million people at risk from flooding. The plan calls for the provision of relief seeds for replanting and subsidised fertiliser, as well as large-scale vaccination against RVF.
    In Uganda, the government has called on 800 000 people regarded as at risk from landslides in mountainous regions to relocate to safer areas, where they will be supported with relief supplies. A 2 000-strong “Civil-Military Disaster Response Group” has been deployed to the Mount Elgon and Mount Rwenzori regions, as well as flood-prone areas in eastern, southwestern and western Uganda.

  3. A Call to all people of African ancestry! The scramble for Africa is back again. This time it is not only by Europeans but also by Asians. We Africans how can we allow this to happen at this time! How can we allow impostors to rule us.

  4. ወያኔ እንዲህ የሱርማ ብሄሮችን እንደ ዱሮው ጊዜ ኣስሮ እንደ ባሪያ እያደረገ መኖር ኣይችለም። ይህ ድርጊት የጥንቱን የባሪያ ኣሳዳድሪውን ጊዜ የሚያስታውስ በመሆኑ ከፍተኛ ወንጀል ተፈጽሟል። ደግሞ ኣንድ ወንጀል ከሰሩ በሁዋላ በዚያ ኣካባቢ የስኳር ፋብሪካ ለመክፈት የእስራዔሉ ባንክ ተስማማ በማለት ለማምለጥ መሞከር ኣይሰራም። የወያኔን ስራ እናውቀዋለን። እስራዔላን እንወዳታለን፣ የሃይማኖታችን ማእከል ናት። እስራዔል እርሻችንን ብትነካው ይባረካል። ነገር ግን ወያኔ ይህን ወንጀል እየፈጸመ፣ ሰዎችን የባሪያ ኣሳዳድሪውን ጊዜ ሊያስታውስ በሚችል መንገድ እያደረጉ ዓለምን መጉዳት ይወገዛል። እስራኤል ይህንን ኣጥብቃ ታወግዛለች። ይህንን ወያኔ ማወቅ አለበት። የእስራዔል ህዝብ ዳይቨርስ ነው። መብትን በማክበር ለአለም ኣስተማሪ ነው። ስለዚህ ጥፋት ፈጽሞ ጠጋ ጠጋ ኣይሰራም። ሁል ጊዜ እስራዓኤልን እንወዳለን እናከብራለን። እግዚኣብሄር ይመስገን።

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