page contents
Connect with us

Motherland News

Partners insist on meeting over Ethiopian dam.

Published

on

Technical talks between Egypt, Sudan and Ethiopia over a disputed dam Ethiopia is building on the Nile river failed to make a breakthrough, Egypt’s foreign minister said on Monday, amid pressure for a deal before the project opens this year.

Egypt and Ethiopia are at loggerheads over the construction of the Grand Renaissance Dam, a $4 billion-hydroelectric project that Cairo fears will reduce waters that run to its fields and reservoirs from Ethiopia’s highlands and via Sudan.



Addis Ababa hopes the dam will make it a hub for the electricity-hungry region and denies it will undermine Egypt’s access to water.

Sameh Shoukry said technical experts who met in Addis Ababa last week did not achieve a breakthrough.

FOLLOW US ON:
 INSTAGRAMLINKEDINYOUTUBETWITTER & FACEBOOK

“I have spoken to the minister of irrigation, who attended this meeting, and what has reached me is that the obstruction that has bogged down this path for more than a year has not been overcome,” Shoukry told reporters during a news conference in Cairo with his visiting Ugandan counterpart.

He said both Ethiopia and Sudan continued to have reservations about a technical report by a French firm commissioned to assess the dam’s environmental and economic impact.

Ties between Egypt and Sudan were strained when Khartoum backed the dam because of its need for electricity.

The three African neighbours are set to meet on May 15 for further talks, Shoukry said, adding Egypt had initially proposed several earlier dates for negotiations, but they were turned down by the two other countries.

Earlier this month, talks in Khartoum between Egypt, Ethiopia and Sudan also failed to reach agreement, but were described by Sudan’s foreign minister as “constructive”.

TO DOWNLOAD OUR MOBILE TV APP CLICK HERE
WATCH FREE MOBILE TV CHANNELS HERE

REUTERS

Business

Absa became the new competitor on the Ethiopia market.

Published

on

Absa Bank Of South Africa’s  has become the Latest Multinational Corporation to show Interest in Organizing the Ethiopia market.

Ethiopia has since Prevented Foreign Ownership in Economic Sectors that Includes Banking but Abiy Ahmed has began to take fast Action on the issue since he came to power in April.



Jason Quinn, the bank’s chief financial officer, told reporters that Absa was investigating on how and where to enter in a number of populating market, including Nigeria and Angola.

IMG-20180912-WA0030

Am Entrance made into the Ethiopia market of 100 million People, would be part of a Scheme made by Absa after it break from Britain’s Barclays in 2017.

FOLLOW US ON:
 INSTAGRAMLINKEDINYOUTUBETWITTER & FACEBOOK

Ethiopia has plans to liberalise state-owned companies including Ethiopian Airlines, Ethio Telecom, Ethiopian Shipping & Logistics Services Enterprise, and Ethiopian Electric Power, in order to attract foreign direct investment and stimulate growth.

TO DOWNLOAD OUR MOBILE NEWS APP CLICK HERE

PROMOTE YOUR BUSINESS FOR JUST $1 CLICK HERE

Continue Reading

Motherland News

Black box of the Ethiopian Airline Crash recovered.

Published

on

The United Nations described the Sunday crash of the Ethiopia airline as disastrous saying it has cost them a great loss.



IMG-20180912-WA0030

Michael Moller, director-general of the U.N. European head garters said this was the worst loss suffered in years in Geneva in a statement where 150 people where gathered.

FOLLOW US ON:
 INSTAGRAMLINKEDINYOUTUBETWITTER & FACEBOOK

Investigators in Ethiopia have recovered the black box from the ill-fated Ethiopian airline this Sunday.

TO DOWNLOAD OUR MOBILE NEWS APP CLICK HERE

PROMOTE YOUR BUSINESS FOR JUST $1 CLICK HERE

Continue Reading

Facebook

Advertisement
Flag Counter
Advertisement

Trending

Copyright © 2018 Anttention Media. All rights reserved