The Board of Directors of the African Development Bank Group has approved $84.22 million in loans and grants to electrify nearly 80,000 rural households in south Rwanda. The project will advance the country’s goal of universal electrification and benefit small businesses and youth.
Continue Reading
Despite the increase in the number of banks, microfinances and their branches over the last 25 years, the majority of Ethiopians mainly the very poor and those engaged in micro and small businesses still do not have access to credit, a new report says.
Continue Reading
The Government of Ethiopia has obtained close to 142.3 billion birr (about $3.95 billion) external financing for its different projects and programs during the budget year concluded July 7, 2020, the Ministry of Finance said.
Continue Reading
NEWS- The 18 commercial banks in Ethiopia have disbursed a total loan of 221 billion birr (about $6.44 billion at the current exchange rate) to their customers during the first ten months of the budget year started July 2019.
Continue Reading
The World Bank provides $82 million assistance to the Government of Ethiopia for the fight against the spread of coronavirus (COVID-19) pandemic.
Continue Reading
The Board of Directors of the African Development Bank has approved a $129.4 million (ZAR 2.011 billion) loan to finance the Namibia Economic Governance and Competitiveness Support Programme, EGCSP.
Continue Reading
Chinese Foreign Minister Wang Yi, who arrives Addis Ababa on Thursday for official visit, expressed his country’s support to the reform Ethiopia is currently undertaking.
Continue Reading
In a bid to help Uganda improve heath and productivity in the country’s major towns, the African Development Bank has approved a $62 million concessional loan to finance its Strategic Towns Water Supply and Sanitation Project (STWSSP).
Continue Reading
The Board of Directors of the African Development Bank has approved EUR 200 million loan to support inclusive and Sustainable Development of Agricultural Value Chains in Morocco.
Continue Reading
A new report predicts double digit growth of Ethiopia’s banking industry. Ethiopia’s commercial banking sector will post a steady expansion over 2017, with both loan and deposit growth continuing on a strong upward trend, according to Business Monitor International (BMI) latest report on banking industry of Ethiopia.
Continue Reading