Minister of Electricity and a top US official have talked about the current energy policy and tariff in Ethiopia. The United States, Under Secretary of Energy Mark Menezes said his country has a new energy bounty that is available for Africa.
Under Secretary Mark Menezes who was in Ethiopia to discuss the United States strategies to support African nations’ access to energy as well as shared energy priorities told the media on Wednesday that he talked with Minister of Water, Irrigation and Electricity Seleshi Bekele about Ethiopia’s current energy policy and tariff. Menezes noted the country’s electrification rate that improved from 20 percent in 2012 to 45 percent in 2016. He also underscored electricity provision as essential to elevate the national economy.
Under Secretary Menezes said the US government employs a different policy from that of Chinese in building infrastructures in Africa.
According to Menezes the US government is identifying key regional strategic partners in East Africa to access US investment and private resources to help build a secure and lasting future in the continent.
Menezes also noted that the United States wants to build economic relationships with Africa but not client-states that are bound through political manipulations. Under Secretary Menezes addressed the AUC-IEA First Ministerial Meeting here in Addis Ababa.
Menezes said unlike Chinese investments which look great in short term lacking transparency can have long term effect due to corruption, and opaque intentions too often leading to subjugation. Menezes added the US on the other hand seeks to build relationships to increase its economic engagement with Africa by helping the continent set its own path.
By Yohannes Wondafrash