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Nile dam saga: US Trump calls Egypt’s Sisi

US President Donald Trump has spoken with Egypt’s  Abdel Fattah al-Sisi with regard to the ongoing dispute over the Grand Renaissance Dam being built in Ethiopia Washington has been hosting talks between Ethiopia, Egypt and Sudan – but Ethiopia skipped the latest round of negotiations last week. The East African nation accused the US of […]

Moroccan-Ethiopian Cooperation Roadmap Reviewed in Addis Ababa

Moroccan-Ethiopian cooperation roadmap was reviewed at a meeting Monday in Addis Ababa between Head of the Moroccan Government, Saad Dine El Othmani, and Ethiopian Prime Minister, Abiy Ahmed. The talks, held on the sidelines of the 33rd ordinary summit of the African Union, provided an opportunity to highlight the good relations between the two countries, […]

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Ethiopia: New investment law to attract FDI

Ethiopia has passed a new investment law on Thursday as part of the Horn of Africa nation’s economy and drive progress toward a middle-income status. According to the new law, banking, insurance, micro-credit and micro-saving services will be reserved for domestic investors. The country’s banking sector, dominated by the two oldest and most profitable institutions […]

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Seven million Ethiopians in need of food aid

Some seven million people in Ethiopia are in need of humanitarian aid, including emergency food assistance, according to the National Disaster Risk Management Commission (NDRMC). About 2.4 million people, or 39 percent of the total population, in Ethiopia’s Somali region are also expected to require humanitarian assistance in the course of 2020, followed by the […]

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Ethiopia: parliamentary elections scheduled for May or June

Ethiopia will hold a parliamentary election in May or June, Prime Minister Abiy Ahmed said on Sunday. Abiy Ahmed, who took office in April, has pledged to open up the state-dominated economy and has taken steps to end decades of hostility with neighboring Eritrea. This year election will be the first under Abiy. “On the […]

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Ethiopia secures $3 bln funding from World Bank

Ethiopia’s Prime Minister Abiy Ahmed on Friday announced the Horn of Africa nation had got $3 billion funding from the World Bank. The World Bank funding announcement comes two days after the International Monetary Fund said it had reached a preliminary agreement for a $2.9 billion financing package to back the country’s complex economic reforms […]

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Ethiopia’s Sidama votes overwhelmingly for autonomy

Ethiopia’s Sidama votes overwhelmingly for autonomy

Ethiopia’s Sidama region has voted overwhelmingly to form a self-governing administration as many of the country’s ethnic groups demand greater autonomy. More than two million people in what is known as the Sidama zone voted on whether they want their own regional state within Ethiopia’s federal system. According to the country’s electoral board, the people […]

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Ghana to host African Continental Free Trade Area Secretariat

The Assembly of Heads of State and Government of the African Union (AU) has selected Ghana as the host country for the Secretariat of the African Continental (AfCFTA) Free Trade Area. The announcement was made on Sunday, 7 July 2019, during the 12th AU Extraordinary Summit held in Niamey, the capital of Niger, after Ghana […]

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Ethiopia: call for tenders on phase I of 520 MW geothermal project

Ethiopia: call for tenders on phase I of 520 MW geothermal project

Tulu Moye Geothermal Operations has just launched a bidding process to select a partner to carry out the first phase of the Tulu Moye geothermal project in the Ethiopian Rift Valley. The Tulu Moye Geothermal project is located in the Oromia Regional State. Tulu Moye Geothermal Operations plans to develop 520 MW of electricity in […]

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New legislation to ease geothermal investment in Ethiopia

The Ethiopian Council of Ministers is considering a bill to encourage independent power producers (IPPs) to invest in geothermal power generation in the east African nation. Drafted by the Ethiopian Energy Authority last year, the new legislation comes at a time when the country is just beginning to exploit its geothermal potential. Ethiopia has the […]

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