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The Democratic Republic of Congo and Burundi may soon sign an accord on water usage from the Nile River, paving the way for ratification of a pact that strips Egypt of its rights to the flow from the world’s longest river.The leaders of the two nations are set to adopt the so- called Comprehensive Framework Agreement once they “fully understand” the issues, Ethiopian Deputy Prime Minister

Karuturi Global Ltd., an Indian food processor, plans to exploit East Africa’s market potential by selling crops grown on land leased from Ethiopia’s government within the region, Chief Executive Officer Sai Ramakrishna Karuturi said.The company, based in Bangalore, will produce commodities including palm oil, sugar and rice on 312,000 hectares of rented land. The intention is to sell the crops

By Solomon Bekele At the Export-Import Bank of India (Exim Bank) inauguration on Tuesday, September 21, at the Sheraton Addis T.C.A. Ranganathan, Chairman and Managing Director (CMD) of Exim Bank said that Africa is emerging as a major partner in global trade.“The region’s exports to the world have grown from USD 106 billion in 1998 to USD 558 billion in 2008. Imports to Africa have also grown

A U.S.-based human rights group has raised an uproar with a report arguing that development assistance to Ethiopia may be doing more harm than good by strengthening a repressive government. The report has sparked condemnation in some quarters, praise in others.The Human Rights Watch report issued last month accuses Ethiopia's government of using development aid to suppress political dissent. The

Ethiopian Prime Minister Meles Zenawi appointed a new cabinet on Tuesday in a post-election reshuffle that the opposition and analysts said would further cement his position.Meles, in power since 1991, was sworn in as prime minister by parliament on Monday after a disputed May 23 vote gave his Ethiopian People's Revolutionary Democratic Front (EPRDF) and allies 545 seats in the 547-seat

Monday 4 October 2010 -- By Tesfa-Alem TekleAs part of the nationwide efforts to curb corruption the Ethiopian Ethics and Anti-Corruption Commission (FEACC) said on Sunday that it is set to register assets and wealth of 22,000 government appointees as of next month.This will be the first time for the Horn of Africa’s nation to register wealth of government officials including ministers. Ethiopian

by: Peter Heinlein--special to SharonCobb.com from EthiopiaEthiopia has sharply devalued its currency - the birr - in a bid to boost economic growth. The move was welcomed by economists, though it may have the side effect of fueling inflation.Ethiopia's Central Bank announced Wednesday that the birr has been devalued from roughly 13 ½ birr to the dollar to nearly 16 ½ birr, a one-day drop of

By Tesfa-Alem Tekle September 26, 2010 (ADDIS ABABA) — Sudan People’s Liberation Movement (SPLM) urged the Ethiopian government to continue playing a major role in maintaining peace and stability in Sudan and in the Horn of Africa’s region as a whole. National secretary for information, culture and communication as well as the official spokesperson of the SPLM, Yiemen Mathew speaking to the

ADDIS ABABA (Reuters) - The Ethiopian birr was devalued by 16.7 percent on Wednesday, according to exchange rates published on the central bank's website.The birr was quoted by the National Bank of Ethiopia at a weighted average of 16.3514 against the dollar compared with 13.6284 on Tuesday. A central bank official confirmed the new rate but was not authorised to make further comment.Last month,

It was one single paragraph in one article of a much larger agreement that triggered a semi-crisis situation among the Nile basin states. Paragraph B, article 14 turned a promise of regional cooperation into tension and a threat to the national security of some states. It called for the right of all Nile basin states to erect projects on the Nile. Those who are familiar with international

BRUSSELS, Kingdom of Belgium, July 16, 2010/African Press Organization (APO)The European Commission has adopted a € 15 million aid package to address a critical food security situation in Ethiopia where an estimated 5.2 million people will be requiring food assistance this year. The main bulk of the Commission’s funding will go towards providing appropriate and adequate food assistance to the

Source: A Week in the Horn (09.07.2010) Ministry of Foreign Affairs - Federal Democratic Republic of EthiopiaWe have for a few weeks now been commenting that Eritrea’s so-called renewed good faith should be taken with a pinch of salt coming—needless to say—as it does from a leadership that has an almost visceral aversion to normal behavior such as peaceful coexistence with its neighbors. The

Source: A Week in the Horn (09.07.2010) Ministry of Foreign Affairs - Federal Democratic Republic of EthiopiaMr. Ahmed Abul-Gheit, the Egyptian Minister of Foreign Affairs, and the Minister of International Cooperation, Mrs. Fayza Abulnaga, were in Addis Ababa for a one day working visit. The officials had discussions with their counterparts Ato Seyoum Mesfin, Minister of Foreign Affairs and Ato

Source: A Week in the Horn (09.07.2010) Ministry of Foreign Affairs - Federal Democratic Republic of EthiopiaThe 15th Extraordinary IGAD Assembly of Heads of State and Government was held in Addis Ababa, on 5th July 2010, under the Chairmanship of Prime Minister Meles Zenawi. The Summit considered the political and security situation in Somalia. The Assembly was attended by all the leaders of

Communique of the 15th extra-ordinary session of the IGAD assembly of heads of state and Government of SomaliaADDIS ABABA, 5th JULY 2010 The IGAD Assembly of Heads of State and Government held its 15th Extra- Ordinary Summit Meeting in Addis Ababa, on 5th July 2010, under the Chairmanship of H.E. Meles Zenawi, Prime Minister of the Federal Democratic Republic of Ethiopia and Chairperson of the

Gedab News,(June 2, 2010)Qatari mediators brokered an agreement between the Djiboutian and the Eritrean governments after months of shuttle diplomacy.Qatar has deployed its forces on the border between the two countries starting late Tuesday night; and by Wednesday morning, the forces had been deployed on the entire disputed areas between the two countries. The number of the Qatari forces is

Ethiopia’s oil consumption has been increasing from year to year because of the rapid economic growth being registered in the country, the Ethiopian Petroleum Enterprise said. Public Relation Officer with the Enterprise, Damenu Kebret said on Monday that 195 fuel tanker trucks enter the country daily carrying 45,000 litres oil each.Damenu said Ethiopia imports fuel from Sudan and Djibouti.He said