Egypt, Ethiopia, Sudan agree on impact studies on Nile dam

Egypt, Ethiopia, and Sudan’s irrigation ministers signed an agreement to conduct two studies to gauge the effects of Ethiopia’s Grand Renaissance Dam on its neighbouring countries, state-run news agency MENA reported on Tuesday.

The dam has been a source of concern for the Egyptian government since May 2013, when images of its construction stirred public anxiety about the possible impact on Egypt’s potable water supply.

A joint statement by the ministers after a two-day meeting in Khartoum revealed that the studies were suggested by the committee of international experts tasked to revise the dam’s impact.An international consulting company will conduct the two studies.
Continue reading…

 

Minister: Ethiopia intends no harm to Egypt, Sudan

Ethiopian Minister of Water Alemayehu Tegenu has stressed that his country is not seeking to harm Egypt and Sudan by building the Renaissance Dam.Alemayehu assured his Egyptian and Sudanese counterparts meeting in Khartoum on Monday that his country is committed to rendering the talks successful
Continue reading…

 

Germany donates €750 thousand for refugees in Ethiopia

Germany has donated some 750,000 Euros to support relief operations by the World Food Program (WFP) for Somali, Eritrean and Sudanese refugees in Ethiopia.

In a statement, the German embassy said that the donation aims to enhance relief operations for refugees in eastern Africa, according to the Addis Zemen newspaper.
Continue reading…

 

Ethiopia’s impressive economic growth

Addis Ababa: August 22, 2014 (FBC) – Ethiopia has made great strides to become one of Africa’s fastest growing economies and continues to record impressive economic growth.The country which is sub-Saharan Africa’s fifth biggest economy is at the focal point of emerging economies’ interest with various delegations of foreign investors seeking investment opportunities in the largest landlocked country in the continent.
Continue reading…

 

Addis Ababa one of Africa’s top 10 cities for future investment (Aug 19, 2014)

The latest Global Economy Watch report from accountants PricewaterhouseCooper identifies ten cities as new investment opportunity hotspots in Africa. It suggests the places to watch most closely will be Addis Ababa in Ethiopia, Ibadan and Kano in Nigeria, Ouagadougou in Burkina Faso, Dakar in Senegal, Nairobi in Kenya, Abidjan in Cote d’Ivoire, Khartoum in Sudan, Luanda in Angola and Dar es Salaam in Tanzania.
Continue reading…

 

Nation achieves target for higher education admission

Addis Ababa, 16 August 2014 (WIC) – The Ministry of Education announced that Ethiopia has achieved the target set to raise higher education gross admission to 467,000 during the growth and transformation plan period.

The State Minister Dr Kaba Urgesa told ENA that currently gross admission for higher learning institutions both private and public institutions have reached over 500,000.
Continue reading…

 

Over 18bln birr investment projects go operational

Addis Ababa, 16 August 2014 (WIC) – The Ethiopian Investment Commission said that some 226 investment projects with over 18.459 billion Birr aggregate capitals have gone operational last Ethiopian fiscal year.

Public relation directorate at the Commission, Getahun Negash said of the total projects some 125 with more than 14 billion birr capital are engaged in manufacturing, while the rest in agriculture and services, among others
Continue reading…

 

Addis Ababa among Africa’s top 10 future investment cities

Addis Ababa, 15 August 2014 (WIC) – Economists say the new investment opportunity hotspots in Africa are cities in Ethiopia, Sudan, Burkina Faso and Cote d’Ivoire.If you’re looking to do business in Africa, but you’re unsure of which emerging market to tap into, then Kenya, Sudan, Ethiopia and Senegal are among your best bets.
Continue reading…