What Happened: Ethiopia is currently experiencing water shortages that have resulted in energy deficits, prompting Addis Ababa to implement electricity rationing over the next two months, Utilities Middle East reported May 19.
Why It Matters: Power shortages in recent months have already hurt Ethiopian factories and companies, and future rationing will likely further damage business operations in the country.
Background: Ethiopia is undergoing a phase of economic transition as it is looking to attract more foreign investment and open its markets to global players.
Read More:
- Ethiopia Comes to a Crossroads on Economic Reform (April 3, 2019)
- France: Macron Looks to Drum Up Business in the Horn of Africa (March 11, 2019)
- 2018: The Year Abiy Ahmed Started to Put Ethiopia's House in Order (Dec. 31, 2018)
