World Bank – New Business Ethiopia

World Bank gets new president

April 7, 2019April 9, 2019 NBE

The Executive Directors of the World Bank on Friday unanimously selected David R. Malpass as President of the World Bank Group. Mr. Malpass served as Under Secretary of the Treasury for International Affairs for the United States.

Report forecasts record high telecom investment in Africa

February 12, 2019February 12, 2019 newbusinessethiopia

Following Ethiopian Government decision to liberalize its telecom market by partly privatizing the state owned telecom service provider – Ethio Telecom, South Africa based TMT Finance forecasts a record high growth in telecom investment in Africa in 2019.

Business license deactivation growing in Ethiopia

January 28, 2019January 28, 2019 newbusinessethiopia

The number of businesses who deactivate their business licenses has been increasing over the past few years reaching 737,930.

Half of worlds poor live in 5 countries including Ethiopia

January 11, 2019January 11, 2019 newbusinessethiopia

A new World Bank report reveals that out of the world’s 736 million extreme poor in 2015, 368 million—half of the total—lived in just 5 countries, including Ethiopia.

African Development Bank launches report on Zimbabwe’s economy

November 16, 2018November 16, 2018 newbusinessethiopia

The African Development Bank (AfDB) has launched a flagship economic report on Zimbabwe, titled: “Building a new Zimbabwe: Targeted policies for growth and job creation” which aims to support renewal and transformation of the country.

World Bank approves $1.2 billion to Ethiopia

October 31, 2018October 31, 2018 newbusinessethiopia

The World Bank’s Board of Executive Directors on Tuesday approved $1.2 billion ($600 million grant and $600 million credit) to Ethiopian government from the International Development Association (IDA).

Growth in Sub-Saharan Africa slower, says WB

October 4, 2018October 4, 2018 newbusinessethiopia

Sub-Saharan African economies are still recovering from the slowdown in 2015-16, but growth is slower than expected, according to the October 2018 issue of Africa’s Pulse, the bi-annual analysis of the state of African economies by the World Bank.

World Bank to provide one billion dollars to Ethiopia

Ethiopia secures one billion dollars from World Bank

August 26, 2018August 26, 2018 newbusinessethiopia

Encouraged by the current political and economic reform in Ethiopia, the World Bank is set to provide a budget support of one billion dollars, Prime Minister Abiy Ahmed said.

Ethiopia secures $600 million World Bank financing

March 19, 2018September 24, 2018 newbusinessethiopia

The World Bank approved $600 million of the International Development Association (IDA) financing to help strengthen the capacity and performance of local urban governments in Ethiopia.

Ethiopia secures finance to cut carbon emissions from deforestation

May 9, 2017September 24, 2018 NBE

BY ANDUALEM SISAY GESSESSE – The World Bank (WB) on Friday launched a ten years program in Ethiopia that enables the country to reduce its carbon emissions from deforestation. The program among others targets helping the country to make money from global carbon trading by using its forests for absorbing carbon emissions.