BY MEKONNEN TESHOME TOLLERA – About a year ago a report by the African development bank rated Ethiopia among the worst country in Africa in access to sanitation even worse than its neighboring South Sudan which has been in civil war for the past several years.
The governments of Ethiopia and Egypt have failed to reach an agreement on the use of the Nile River and the filling of Ethiopia’s Great Renaissance Dam (GERD) under construction.
Supporting Ethiopia’s home–grown economic reform, the International Monetary Fund (IMF) has agreed with Ethiopian government at technical level to provide the latter 700% more than its quota.
International Finance Corporation (IFC), a member of the World Bank Group, today announced a €20 million investment in Soufflet Malt Ethiopia.
Poverty in Africa and exploitation of Africans labor and natural resources has continued to this day not by accident but by design says, Crystal Simone, Economic Justice lead at FEMNET – one of Africa’s largest women’s rights networks.
Intellectuals and business leaders gathered in Addis Ababa this morning debate about the benefits of Ethiopia’s “urgency” to privatize the state owned mega enterprises such as Ethio Telecom and Ethiopia Airlines among others.
The World Bank provides $350 million loan and grant to the government of Ethiopia’s effort to improve the livelihoods of pastoralist communities in the country.
The World Bank Group has approved $550 million grant and loan to Ethiopia. The funding approved last week aims to improve the livelihoods of pastoralists and the nation’s ongoing power sector reforms.