financing

African countries get climate risk financing, insurance

On: October 30, 2018

The African Development Bank has approved the Africa Disaster Risks Financing (ADRiFi) Programme, the institution’s first climate risk management programme to boost resilience and response to climate shocks in regional member countries.

African Development Bank approves Non-Sovereign Operations Policy

By: newbusinessethiopia

On: September 13, 2018

In: Finance

The Board of Directors of the African Development Bank Group has approved the Bank’s Policy on Non-sovereign Operations (NSO).

European Investment Bank invests 3 billion euro in Africa

European Investment Bank provides $100 million equity fund to Ethiopia

By: newbusinessethiopia

On: October 12, 2017

In: Investment

The European Investment Bank (EIB) will support private equity investment across Ethiopia though support for the new $100 million Cepheus Growth Capital Fund, the Bank said.

Cable theft interrupts Addis Ababa train service

Continued stealing of train cables, has led Addis Ababa City, the capital of Ethiopia, to partially interrupt its transportation service.

Bomb attack injures 29 in Ethiopia demonstration

At a rally organized in Ambo town in Oromia Region of Ethiopia by the ruling coalition Prosperity Party on Sunday, 29 people were injured by bomb attack.

Armed gang in Ethiopia kills Burayu town administrator

Unidentified armed gang has opened fire and killed Burayu town Administrator and security head in Oromia Region of Ethiopia, state media reported.

Ethiopia police captures 3.9 kilograms cocaine

The federal Police of Ethiopia captured 3.9 kilograms of cocaine this week from nationals of Brazil, Bolivia and Ghana at Bole International Airport in Addis Ababa, Ethiopia.

Ethiopia refuses to participate in Nile negotiation

On: February 26, 2020

The Government of Ethiopia has said that it will not participate in the U.S. mediated negotiation with Egypt and Sudan on Great Ethiopian Reconnaissance Dam (GERD).

Ethiopia to release 60 ex-officials, opposition figures

On: February 25, 2020

In: Politics

Ethiopian special envoy meets Egypt President

On: February 24, 2020

In: Politics

Ethiopia reveals more info on petroleum test production

On: February 11, 2020

The Government of Ethiopia reveals additional information on the recent petroleum test production in the eastern part of the country, near Hilala gas discovery site in Somali Region Ogaden area.

Ethiopia begins selling its gas produce in local market

On: February 4, 2020

South Sudan invites international companies for oil field audit

On: January 10, 2020

Ethiopian government finance institutions profit $332 million

The three state enterprises in Ethiopia engaged in providing financial services have made 10.7 billion birr (about $332.1 million at the current exchange rate) profit before tax during the first six months of Ethiopia’s current budget year started July 8, 2019.

The government of Ethiopia has secured $1.33 billion from export of goods during the first six months of the country’s fiscal year started July 8, 2019.

Ethiopia reactivates WTO accession negotiations

On: January 29, 2020

Ethiopia gets $1.12 billion from export in five months

On: January 9, 2020