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    Ethiopia’s central bank joins African payments system PAPSS

    Ethiopia’s central bank joins African payments system PAPSS

    South Africa grants long-term leases to oil majors at key Durban fuel hub

    South Africa to stop subsidizing imported vehicle kits, pushing automakers to build locally

    Here’s why inflation has dropped internationally but is still rising in Nigeria

    Nigeria’s inflation rate eases slightly in September, data shows

    Kenya raises fuel prices as Middle East conflict lifts import costs

    Kenya raises fuel prices as Middle East conflict lifts import costs

    Angola to maintain crude output at 1.1 million bpd into 2024

    Angola aims for faster oil and gas concessions as part of new regulatory revamp

    The arrest of Ansaru terror leaders marks a strategic change for Nigeria: What could happen next?

    Terrorists kill 10 soldiers in attack on northeast Nigeria army base

    Why is Senegal’s billions in hidden debt an IMF concern

    Senegal bondholders pick financial adviser for debt talks, sources say

    Abu Dhabi’s IRH seeks more mining assets in Zambia

    Abu Dhabi’s IRH seeks more mining assets in Zambia

    Guinea-Bissau says it has not approved hepatitis B vaccine trial in newborns

    Guinea-Bissau says it has not approved hepatitis B vaccine trial in newborns

  • Analysis
    • All
    • Climate Change
    • Digital & Tech
    • Economy
    • Energy & Power
    • Health
    • Politics
    • Security
    • Society
    The global panel on inequality needs African evidence: here’s how it could work

    The global panel on inequality needs African evidence: here’s how it could work

    Why Africa needs a new credit agency

    Why Africa needs a new credit agency

    Japan signs deal with Namibia to explore for rare earth minerals

    Africa’s mineral strength is wasted if countries don’t work together – new report

    Ethiopia: at least 40 army allies killed in drone strike

    Ethiopia’s peace deal is unravelling – what went wrong with the Tigray agreement

    DRC on a mission to financing the world’s largest hydropower dam

    DR Congo: The INGA Dam Paradox

    Cameroon uncovers more than 200 illegal gold mines, mostly foreign-owned

    Mineral Beneficiation: A Pipedream of Prosperity in an Unequal Financial Architecture

    Zambia signs $1.1 Billion deal to build major oil refinery in Copperbelt

    Is Zambia’s Economy Rebounding Under President Hakainde Hichilema?

    Nigeria considers crude supply reforms to aid Dangote, other refiners

    Refinery rivalry: billion‑dollar oil projects expose East Africa’s long‑running regional tensions

    Zambia’s chaotic but decisive election: government demonstrates strength, democracy shows weakness

    Zambia’s chaotic but decisive election: government demonstrates strength, democracy shows weakness

  • Studies
    China could drive Africa’s renewable energy revolution, report says

    A study shows wind and solar projects in Kenya and South Africa don’t always benefit the communities that host them

    Angola’s lengthy war shaped the way farmers utilised fire—why it matters

    Angola’s lengthy war shaped the way farmers utilised fire—why it matters

    Schooling is the most severely affected by conflict when children are the target – Study

    Schooling is the most severely affected by conflict when children are the target – Study

    Pensions for Botswana’s elderly are expanding, but care services are lacking—study follows 20 years

    Pensions for Botswana’s elderly are expanding, but care services are lacking—study follows 20 years

    60 new cosmic structures have been discovered by South Africa’s MeerKAT telescope, which is mapping previously unseen gaps between galaxies

    60 new cosmic structures have been discovered by South Africa’s MeerKAT telescope, which is mapping previously unseen gaps between galaxies

    Benin government says armed forces foil coup attempt

    Coup contagion? A rash of African power grabs suggests copycats are taking note of others’ success

    One in three South Africans have never heard of AI: what this means for policy

    One in three South Africans have never heard of AI: what this means for policy

    Social Media as a Catalyst for the Spread of Dangerous Wealth Ritual Myths

    Social Media as a Catalyst for the Spread of Dangerous Wealth Ritual Myths

    Overcoming Education Barriers for Young Mothers in Sub-Saharan Africa

    Overcoming Education Barriers for Young Mothers in Sub-Saharan Africa

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    Namibia: Anger over Dubai COP28 trip by president Geingob’s children

    Hage Geingob (1941–2024): Former President of Namibia

    Cape Verde president says governments must discuss colonial reparations

    José Maria Neves: President of Cape Verde

    Jorge Bom Jesus: Linguist and former Prime Minister of São Tomé and Príncipe

    Jorge Bom Jesus: Linguist and former Prime Minister of São Tomé and Príncipe

    Joseph Leabua Jonathan (1914-1987): Former Prime Minister of Lesotho

    Joseph Leabua Jonathan (1914-1987): Former Prime Minister of Lesotho

    Gambia’s president Barrow faces backlash over ‘death wish’ on archrival

    Adama Barrow: President of the Republic of The Gambia

    Rwandan President Paul Kagame announces he will run for a fourth term

    Paul Kagame: Former military officer and president of Rwanda

    Zumbi dos Palmares (1655-1695): Afro-Brazilian leader of the great Palmares Quilombo

    Zumbi dos Palmares (1655-1695): Afro-Brazilian leader of the great Palmares Quilombo

    Léon M’ba (1902-1967): First president of independent Gabon

    Léon M’ba (1902-1967): First president of independent Gabon

    Namibia to vote in toughest election yet for ruling party

    Netumbo Nandi-Ndaitwah: President of Namibia

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    Manovo-Gounda St. Floris National Park, Central African Republic

    Manovo-Gounda St. Floris National Park, Central African Republic

    Lake Malawi (Lake Nyasa) National Park, Malawi

    Lake Malawi (Lake Nyasa) National Park, Malawi

    Fasil Ghebbi, Gondar Region, Ethiopia

    Fasil Ghebbi, Gondar Region, Ethiopia

    Bwindi Impenetrable National Park, Uganda

    Bwindi Impenetrable National Park, Uganda

    Fort Jesus, Mombasa, Kenya

    Fort Jesus, Mombasa, Kenya

    Comoé National Park, Côte d’Ivoire (Ivory Coast)

    Comoé National Park, Côte d’Ivoire (Ivory Coast)

    Bassari and Bedik Cultural Landscapes, Senegal

    Bassari and Bedik Cultural Landscapes, Senegal

    Lower Valley of the Omo, Ethiopia

    Lower Valley of the Omo, Ethiopia

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Ethiopia, EU sign €650m cooperation agreement

October 4, 2023
Ethiopia, EU sign €650m cooperation agreement
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Ethiopia and the European Union signed a cooperation agreement worth 650 million euros ($680 million), on Tuesday (Oct. 3).

Jutta Urpilainen, the EU commissioner for international partnerships, announced the agreement during a press conference with Ethiopian Finance Minister Ahmed Side in the capital, Addis Ababa.

“It is time to gradually normalize relations and rebuild a mutually reinforcing partnership with your country,” said Urpilainen, describing the aid package as “the first concrete step” in this process after a cease-fire ended the war last November.

The EU aid package was initially worth 1 billion euros ($1.04 billion) and was due to be given to Ethiopia from 2021 to 2027, but it was suspended after fighting broke out in the northern Tigray region in late 2020.

Ethiopi’s PM Ahmed said the aid would help boost Ethiopia’s post-war recovery and facilitate badly needed economic reforms at a “critical juncture” for the country.

“This strategic partnership is now back on track,” he said.

Direct budgetary support to Ethiopia’s government remains however suspended and will not be restored until “very clear political conditions” are met, Urpilainen said

She added that a program from the International Monetary Fund was also needed first.

Ethiopia is currently negotiating with the Washington-based lender seeking support for the country’s economic reforms.

Urpilainenwas set to meet with Ethiopian Prime Minister Abiy Ahmed and Moussa Faki Mahamat, the chairman of the African Union Commission.

The Tigray war killed unknown thousands and was characterized by massacres, mass rape and allegations of enforced starvation. The EU has long insisted it would not normalize relations with Ethiopia until there was accountability for these crimes.

U.N probe

Ethiopia has launched its own transitional justice process, which human rights experts say is flawed.

The EU supports the implementation of the peace deal “through the national dialogue, as well as also accountability and transitional justice”, said Urpilainen, a former Finnish finance minister.

The U.N. probe has said all sides committed abuses, some amounting to war crimes.

The EU’s aid pledge to Ethiopia came a day before the deadline for renewing the mandate for the investigation at the U.N. Human Rights Council in Geneva.

On Tuesday, the U.N. experts warned that more independent investigations into Ethiopia’s “dire human rights situation” were needed due to the “overwhelming risk of future atrocities.”

“There is a very real and imminent risk that the situation will deteriorate further, and it is incumbent upon the international community to ensure that investigations persist so human rights violations can be addressed, and the worst tragedies averted,” said Steven Ratner, one of the U.N. experts.

A report by the U.N. panel last month cited “grave and ongoing” atrocities in Tigray and questioned Ethiopian officials’ commitment to delivering true accountability.

Read also

Ethiopia’s central bank joins African payments system PAPSS

Kenya raises fuel prices as Middle East conflict lifts import costs

Terrorists kill 10 soldiers in attack on northeast Nigeria army base

Last week Human Rights Watch said the EU should submit a resolution at the U.N. Human Rights Council calling for continued investigations into atrocities.

“Not doing so would be renouncing its own commitments,” the rights group said.

Source: AFP + AP
Tags: Addis AbabaAhmed SideEthiopiaEU commissionerEuropean Union

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