The Board of Directors of the African Development Bank Group has approved a $165 million loan to Madagascar to develop…
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IMF approves $100 million for Somalia
The Executive Board of the International Monetary Fund (IMF) approved a new 3-year arrangement under the Extended Credit Facility (ECF)…
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Japan provides $350 million private sector loan to AfDB
The African Development Bank (AfDB) and Japan have signed an exchange of notes for an eighth private sector assistance loan…
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Ethiopia secures 182 million euros loan, grant from Italy
The Prime Minister of Ethiopia, Abiy Ahmed Ali, held a visit to Italy in Rome on Monday where he signed…
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U.S. Congressman urges for loan delay to Ethiopian Airlines
Congressman Brad Sherman of the United States urges The Export-Import Bank of the United States to delay loan to Ethiopian…
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Rwanda gets $84 million to boost electricity access
The Board of Directors of the African Development Bank Group has approved $84.22 million in loans and grants to electrify…
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Majority Ethiopians still have no access to credit
Despite the increase in the number of banks, microfinances and their branches over the last 25 years, the majority of…
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Ethiopia secures $4 billion project financing from abroad
The Government of Ethiopia has obtained close to 142.3 billion birr (about $3.95 billion) external financing for its different projects…
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Ethiopian banks’ loan disbursement grows 24 percent
NEWS- The 18 commercial banks in Ethiopia have disbursed a total loan of 221 billion birr (about $6.44 billion at…
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Word Bank provides $82 million to Ethiopia
The World Bank provides $82 million assistance to the Government of Ethiopia for the fight against the spread of coronavirus…
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Namibia gets $129 loan to boost economy
The Board of Directors of the African Development Bank has approved a $129.4 million (ZAR 2.011 billion) loan to finance…
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China expresses support to Ethiopia’s reform
Chinese Foreign Minister Wang Yi, who arrives Addis Ababa on Thursday for official visit, expressed his country’s support to the…
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