Ethiopia to Chair Nile Council of Ministers

Nov 14 , 2020


Seleshi Bekele (PhD), minister of Water, Irrigation & Energy, has been appointed chairperson of the Nile Equatorial Lakes Council of Ministers. The Council is a political and decision-making body composed of water affair ministers from the member states of the Nile Basin Initiative. The Initiative is a partnership between the 10 Nile River riparian countries and aims to develop the river cooperatively. It is also tasked with promoting regional peace and security and lobbying for equitable use of the Nile waters. Seleshi was elected to chair the Council for the coming year and will be organising the Nile Development Forum in April 2020. “The Nile Basin Initiative is highly important to ensure fair utilisation of the Nile waters among the member states,” he said. "Member states should prioritise investing in water infrastructure."


Radar

Standing Committee First Visit to Private Foreign Firm Garners New Era

Safaricom Ethiopia stated that it has become the first private foreign company to host a visit by a standing committee from the House of People's Representatives, with the Democracy Affairs Standing Committee touring the company's operations last week. Wim Vanhelleputte, CEO, presented the company's half-year results, showcasing growth in mobile and M-PESA services. Notable achievements include expanding 4G coverage to 46pc of the population, acquiring over 6.1 million active subscribers, and se...


Radar

Goh Mortgage Bank Registers 12-fold Gross Profit Increase

Goh Mortgage Bank reported gross profits of 83.4 million Br, a twelve-fold increase from last year's 6.4 million Br. At its general assembly last week, the bank announced total deposits of 1.02 billion birr, a 12pc increase from 30,530 deposit accounts, which grew by almost 40pc. Outstanding loans reached 1.55 billion Br, with 60pc directed to the construction sector and 19pc towards export-import activities. The bank mobilized 2.3 million dollars in foreign exchange during the year. Girum Ts...


Radar

Garment Maker Invests 200 million Br in Worker Welfare

Shints ETP Garment PLC, a South Korean enterprise operating inside Bole Lemi Industrial Park, inaugurated a 200 million Br recreational facility and daycare center. This state-of-the-art facility includes a tennis court, basketball court, soccer field, gym, and daycare center, with hopes of enhancing employee satisfaction and productivity. The company currently provides dormitory services for 5,500 workers and primary education for their families and plans to expand its dormitory capacity to 11...


Back
WhatsApp
Telegram
Email