FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers TRADE AFRICA Election 2026 New TIME REMAINING UNTIL ETHIOPIA’S NATIONAL ELECTION 0Days 0Hours 0Minutes 0Seconds




Ethiopia Refutes Egypt’s Water Filling Proposal

Sep 21 , 2019


[ssba-buttons]

Ethiopia rejected Egypt’s proposal for the Grand Ethiopian Renaissance Dam (GERD) that suggested that the country should release 40 billion cubic metres of water every year, while the Aswan Dam will only release water when its volume reaches 165m above sea level. Egypt also asked that the Dam be refilled every seven years. Ethiopia rejected the proposal, stating that it contradicts the Nile Dam Declaration, and it creates unnecessary bindings and obligations for Ethiopia. Ethiopia also indicated that it could only release 29-35 billion cubic metres of water a year. Ethiopia, Egypt and Sudan resumed the dam talks last year for three consecutive days.  Egypt had come up with a plan to facilitate the increment in the water content of the Nile Dam. There will be a technical negotiation between the countries that will be held in Sudan starting from October 3, 2019, about the refilling and release of the water and its impact on other countries where the Nile extends. The water ministers of each state will have further discussions on the points that will be approved.


Radar

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...


Radar

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...


Radar

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...