Ethiopia & Korea Sign 32 million USD Grant Agreement

Posted on :Tuesday , 30th March 2021

Ethiopia and South Korea have signed a grant agreement worth 32 million USD, which will assist Ethiopia in achieving its development goals based on the Ten Year Prospective Plan and the SDGs.

Yasmin Wohabrebbi, State Minister of Finance, and Kim Dong Ho, Country Director of the Korea International Cooperation Agency (KOICA), signed the deal.

According to th. . .

Over U.S.$1.1 Billion of Investment by Chinese Companies in Ethiopia

Posted on :Friday , 30th October 2020

With nearly 1,564 projects either in operation or under implementation over the past two decades, Chinese companies are the top players in the investment landscape in Ethiopia, both in terms of the number of projects and in terms of financial resources, an official at the Ethiopian Investment Commission (EIC) said.

Speaking exclusively to Xinhua, Mekonen Hailu, Communications. . .

Danske Bank grants USD 131.4 million for 100 MW Assela Wind Project

Posted on :Thursday , 1st October 2020

Ethiopian Finance Minister Ahmed Shide recently signed a loan agreement worth €117.3 million with Danske Bank, Denmark’s largest bank. This took place during a virtual conference in which Jelsper B. took part. Petterson and Olaf S. Mark Schet, respectively Director and Associate Director of Danske Bank.
 

This is the second installment of fundi. . .

World Bank Approves $80 Million Grant To Boost Ethiopia’s Agricultural Productivity

Posted on :Thursday , 1st October 2020

The World Bank Group’s Board of Executive Directors has approved a US$80 million grant from the International Development Association to support the government Ethiopia to boost agricultural productivity and enhance market access for smallholder farmers.

The Financing Agreement was signed by H.E. Ahmed Shide, Minister, Ministry of Finance and Mr. Ousmane Di. . .

Industries In East Africa To Benefit From Continental Free Trade

Posted on :Monday , 9th March 2020

The AfCFTA, which is the biggest trading bloc in the world after the WTO, is conceived to bring together Africa's 55 countries into a single market of 1.3 billion people with an annual economic output of over $3.4 trillion.

That will drive industrialisation, the UN Economic Commission for Africa (UNECA).

Officials must ensure that businesses can move goods . . .