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AU, China Ink Deal to Build Africa CDC HQ

Aug 1 , 2020


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The African Union has signed a memorandum of understanding with the government of China to build the first phase of the African Centre for Disease Control & Prevention (Africa CDC) headquarters in Addis Abeba. The virtual signing ceremony was done by Amira Elfadil, the African Union’s Commissioner for Social Affairs, and Qian Keming, China's minister of Commerce, which had agreed to provide financial support. The construction of the Africa CDC headquarters was part of the commitment from China, made at the Forum on China-Africa Cooperation (FOCAC) Beijing Summit. The FOCAC Beijing Summit took place from September 3-4, 2018, in Beijing with the presence of representatives from 35 African countries.


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Parliament Receives $237m Development Loan Package

The Council of Ministers forwarded two concessional loan agreements totalling 237.3 million dollars to Parliament for ratification, targeting rural infrastructure and food security. The package includes 46.3 million dollars from the African Development Bank (AfDB) for climate-resilient infrastructure in pastoralist regions. A second credit facility of 191 million dollars (146.1 million SDR) from the International Development Association (IDA) is earmarked for the sixth phase of the Productive Sa...


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MoTRI to Overhaul Consumer Protection Rules Following Cabinet Approval of Trade Policy

The Council of Ministers, led by Prime Minister Abiy Ahmed (PhD), approved Ethiopia's first unified trade policy last week, ending a three-year deliberation period to fill a decades-long regulatory vacuum,. This institutional milestone mandates the Ministry of Trade & Regional Integration (MoTRI) to overhaul consumer protection frameworks, specifically requiring a rigorous revision of the Trade Competition and Consumer Protection Proclamation to eliminate market distortions and the prolifera...


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Regional Power Exports Yield $366m as Capacity Hits 9.6GW

Ethiopian Electric Power (EEP) generated 365.99 million dollars from regional exports in the first nine months of the fiscal year as national capacity reached 9,579MW. The revenue followed the sale of 24,940GWh, representing 91pc of gross generation. Hydropower remains dominant, providing 9,500MW. To diversify assets and mitigate climate risks, the utility integrated the 100MW Asela Wind Power Project. The transmission network has expanded to 148,600km to secure domestic industrial supply and...