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Ethiopia Considers Smart Water Mang’t

Nov 21 , 2018

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The Ministry of Water, Irrigation & Electricity signed a memorandum of understanding (MoU) with Xylem, an American water technology company, for the development and implementation of innovative water solutions through smart technology. The MoU was signed by Seleshi Bekele (PhD), minister of Water, Irrigation & Electricity, and Patrick Decker, CEO of Xylem. Established in 2006 by Global Water Intelligence, Xylem is a water technology company operating in 150 countries. “As Ethiopia moves ahead with its magnificent reform effort, the United States sees a role for American companies like Xylem,” said Chris Wilken, the United States Trade Commissioner.

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Ethiopia, IFAD Sign 69.2m Dollar Deal to Promote Lowland Resilience

The Ethiopian Government and the International Fund for Agricultural Development (IFAD) have signed a 69.2 million dollar grant agreement to implement Phase II of the Lowland Livelihoods Resilience Project (LLRP II). The grant agreement was signed by Finance Minister Ahmed Shide and IFAD President Alvaro Lario. The project targets climate resilience and improved livelihoods for three million people in pastoral and agro-pastoral communities. Co-financed by the World Bank, LLRP II covers eight reg...

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NBE Expands Diaspora Warning Over Unlicensed Remittance Firms

The National Bank of Ethiopia (NBE) has issued an expanded public warning targeting unlicensed remittance operators abroad, flagging four U.S.-based companies it says are undermining Ethiopia's financial regulations. The warning includes newly disclosed findings and specific cases that underscore growing concerns about illicit cross-border financial activity. Remittance flows remain a vital lifeline for Ethiopia's economy, supporting households and supplying critical foreign currency. But as...

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Stricter Standards Unveiled for Public Auditors, Accounting Firms

The Accounting & Auditing Board of Ethiopia (AABE) has issued a new directive aimed at strengthening oversight and professional standards in the accounting and auditing sector. Grounded in the Financial Reporting Proclamation, the directive addresses long-standing regulatory gaps while preparing the sector for the country's emerging capital market. Key provisions introduce stricter licensing standards for public auditors, professionals permitted to audit public interest entities. Applican...

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