This study is concerned the utilization, conservation and management of Sor and Gebba Rivers. The improper management, utilization and conservation of water resources may amount to not merely the occurrences of conflict among and between riparian but also hinder the national development of a given country. Ethiopia is depicted as the water tower of Northeastern Africa (Horn of Africa) where aridity is the rule due to ineffective and poor utilization and conservation of water. The overall objective of this study is to examine the management and utilization politics of Sor and Gebba rivers comparatively. To achieve the objectives, the study employed descriptive research design as the research design of this study. The study also employs qualitative approach and in depth interview, document analysis and observation as data collection tools. The researchers have managed to collect data and made in-depth interview with number of respondents from Ilubabor zone and Bunno bedelle zones water development offices, and from some selected woredas which have proximity to two of water resources such as Yayyo and Hurrumu woreda Water development offices. According to respondents, both rivers yet to receive attention from government officials of the area, scant attention was paid to the fisheries potential of Sor and Geba rivers which resulted from different factors including lack of budget, skilled man power in the area and institutional bureaucracies. At the end, the reviews and analysis of all relevant secondary sources was made to supplement and substantiate the primary data collected by key informant interview and observation and the data collected from secondary sources was analyzed with the data collected from primary sources through qualitative data analysis. The finding of this study revealed that, Sor and Gebba rivers potential wasn’t harnessed to be utilized for local community for economic development and Sor and Gebba rivers un-utilized by local community due to financial constraints and again received less protection, conservation and management of from local community and concerned government officials at local, regional and national level due to lack of awareness. Therefore, government should allocate enough budget to utilize the maximum potentials of Sor and Gebba rivers for different purposes such as hydro-electric power generations, micro and macro irrigations, tourist attraction, swimming poll, fisheries and other purposes to realize economic development of the nations and local community.