Ethiopia Concluded Cooperation Agreement with Russia
Ministry of Foreign Affairs announced Ethiopia concluded a bilateral agreement with Russia for the purpose of cooperation in areas of agriculture and energy.
Ethiopia Concluded Exploration Agreement with GBP Global
GBP Global Resource, a Russian energy company, concluded an agreement with Ethiopia’s Ministry of Mines for the purpose of oil- exploration.
Ethiopia Concluded Five Agreements with Egypt
Ethiopia and Egypt concluded an aggregate of five agreements and memorandum of understandings (MoU) on Monday, November 3, 2014. The aim is to encourage diplomatic, trade and health cooperation.
Ethiopia Concluded U.S. $ 865 Million Finance Package
A finance package of U.S. $ 865 Million has been closed by the Ethiopian government for the purpose of funding some of the nation’s railway infrastructure.
Ethiopia Considering New Energy Bill
The Ethiopian Council of Ministers is considering a new energy bill that will elevate the Ethiopian Electric Agency to an authority with additional regulatory authority and revenue generating capacity. The new bill will replace the one that has been in place for the last 15 years.
The new authority will be in charge of regulating energy conservation and efficiency, to set off grid tariffs, and to license private investors in electrical work according to the initial draft sent to the Ministry of Energy.
A board of five members has been suggested for the prospective authority should the bill be ratified.
