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…
loan
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
Uganda towns secure funding to improve water, sanitation
In a bid to help Uganda improve heath and productivity in the country’s major towns, the African Development…
Morocco agribusiness gets EUR 200 million
The Board of Directors of the African Development Bank has approved EUR 200 million loan to support inclusive…
Ethiopia’s banking industry grows double digit
A new report predicts double digit growth of Ethiopia’s banking industry. Ethiopia’s commercial banking sector will post a…