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

Tech Ministry Falters as Audits Expose Mismanagement, Unmet Ambitions

The Ministry of Innovation & Technology is under scrutiny after an audit revealed lapses in project management and financial oversight. This raised questions about governance standards within a Ministry central to the country's tech-driven growth ambitions. According to the Federal Auditor General, the Ministry has completed only 11pc of its planned projects with its overall financial administration standing at 37.4pc for a year-long project that commenced in 2022. Budget mismanagement an...


Radar

Central Bank Keeps Lending Lid Tight as Inflation Squeezes Economy

The Central Bank has reaffirmed its decision to maintain an 18pc cap on credit growth, reinforcing a commitment to tighter monetary policy during persistent inflation and economic uncertainty. The National Bank of Ethiopia's (NBE) monetary policy committee cited ongoing concerns over inflation, which stood at 19.9pc year-on-year (YoY), and liquidity imbalances as reasons to uphold the restriction on lending. Bankers and analysts interpret this move as evidence of regulators' determination to...


Radar

Ethio Telecom Expands Services with DStv Streaming

Ethio telecom enters the entertainment pool with bundled DStv streaming services through high-speed broadband internet and mobile data packages. The partnership with MultiChoice Ethiopia aspires to merge the telecom's fiber broadband and mobile network with DStv's content. Subscribers can access DStv channels through mobile data or fiber broadband bundles, with discounts of up to 35pc through Telebirr or My Ethiotel (*999#) and up to 26.5pc at sales centers for fiber broadband bundles. Acc...