Mega Damming of the Life giving waters of Ethiopia. This process is menacing the existence of the inhabitants of the region by drying the sources and lakes. The main reason advertised for damming is for production of Electricity and exporting energy. This could be done by small human level dams.The underlying reason is to the irrigation for the great land grabbing for cash crop exportation for financial speculators. Moreover, such mega projects leads to undue water crisis.
Sunday, October 26, 2014
Egyptian investments in Ethiopia at $2b - Official - business - News - StarAfrica.com
Posted by: APA Posted date : October 24, 2014 at 6:33 pm UTC247 views In: Business
Copyright : APA
Ayman Issa, the head of the Egypt/Ethiopia Business Council has claimed that Egyptian investments in the East African country have increased from $600 million to $2 billion.The number of Egyptian companies in Ethiopia has increased from 34 to nearly 137 company, the number of companies in Egypt increased 7 companies. Issa said on Friday.
He described the Ethiopian market as promising, with a potential to attract significant investment over the past decade.
Issa’s statement comes ahead of the inauguration by ministers of Commerce and Industry of the two countries of the Egypt-Ethiopia Business Forum in Addis Ababa on November 2.
It will take place on the sidelines of the Joint Ministerial Commission between the two countries, which will be held from 1 to 3 November, he added.
The commission will meet under the chairmanship of Egyptian Foreign Minister Sameh Shoukry and his Ethiopia counterpart Dr. Tedros Adhanom.