Manager of Ethiopia’s $4 bln Nile dam project committed suicide -police

By Aaron Maasho ADDIS ABABA, Sept 7 : The project manager of a $4 billion Ethiopian dam who was found dead in his vehicle in Addis Ababa on July 26 committed suicide, police said on Friday. Simegnew Bekele was the public face of the Grand Renaissance Dam project on the River Nile – the centrepiece […]

Ethiopia PM says China will restructure railway loan

By Aaron Maasho ADDIS ABABA, Sept 6 : China has agreed to restructure some of Ethiopia’s debt, including a loan for a $4 billion railway linking its capital Addis Ababa with neighbouring Djibouti, Ethiopia’s Prime Minister Abiy Ahmed said on Thursday. Abiy described the rescheduling as limited, but added that repayment of the railway debt […]

Ship docks, road upgrade planned as Eritrea, Ethiopia ties strengthen

By Aaron Maasho ADDIS ABABA, Sept 5 : An Ethiopian ship docked in an Eritrean port for the first time in two decades on Wednesday and Eritrea announced plans to upgrade a road to its neighbour, local media said, in further signs of strengthening ties between the former foes. The announcements came as Ethiopia’s Prime […]

Ethiopia opens logistics sector to foreign investment

By Aaron Maasho ADDIS ABABA, Sept 4 : Ethiopia will open its logistics sector to foreign investors but cap their participation, the state investment body said on Tuesday in the latest reform to loosen the government’s control of the economy. Prime Minister Abiy Ahmed has presided over a shake-up of one of the most heavily-regulated […]

Ethiopia arrests disgraced regional boss accused of rights abuses

By Aaron Maasho Addis Ababa, Aug 27 : Police in Ethiopia arrested the disgraced former head of the eastern Somali region today on charges of human rights abuses and stoking deadly ethnic clashes, the attorney general’s office said. Prime Minister Abiy Ahmed, presiding over democratic reforms in the African nation of 100 million, said on […]

Ethiopia ousts state firm from Nile dam project after construction delays

By Aaron Maasho ADDIS ABABA, Aug 27 : Ethiopia has ousted state-run Metals and Engineering Corporation (METEC) from a $4 billion dam project on the River Nile due to numerous delays in completing the project. The Grand Renaissance Dam is the centrepiece of Ethiopia’s bid to become Africa’s biggest power exporter. Prime Minister Abiy Ahmed […]