Following forex liberalization Ethiopia set to access IMF’s $345 million
BY YANET FANTAYE WOGAYEHU – As part of the recent four-year US$ 3.4 billion Extended Credit Facility (ECF)…
World Bank
African ministers discuss comprehensive reform proposals
African Ministers of Finance, Planning and Economic Development have called for key reforms of the Bretton Woods Institutions…
Ajay vows to make World Bank “better bank”
By Andualem Sisay Gessesse (Marrakech, Morocco) – The newly appointed World bank President Ajay Banga expresses his plant…
Mauritania’s quest for green hydrogen financing
The Mauritanian government has placed green hydrogen as a strategic development opportunity under efforts to position the country…
New World Bank president set to visit Ethiopia
The new World Bank president Ajay Banga is set to visit Ethiopia this week starting July 31, 2023.
World Bank grants $745 million to Ethiopia
The World Bank Group on Tuesday approved a grant of $745 million to the Government of Ethiopia. In…
World Bank urges Camerron to strengthen private sector
A new report by the World Bank highlighted the contribution of a strong private sector for the economic…
World Bank approves new fund for pandemic prevention
The devastating human, economic, and social cost of COVID-19 has highlighted the urgent need for coordinated action to…
World Bank approves $300 million grant to Ethiopia
To help Ethiopia address these challenges, the World Bank has approved a $300 million International Development Association (IDA)…
Ethiopia minister visits Afar to discuss humanitarian needs
Minister of Finance of Ethiopia Ahmed Shide, accompanied by Mr. Ousmane Dione, World Bank Country Director for Ethiopia,…
Pandemic recovery requires access to credit to households, businesses
The flagship report of the World Bank, ‘World Development’, which focused on finance, advised that recovery from the…
Investment in agribusiness, energy grows Ugandan economy
Uganda could grow its economy, create jobs, and strengthen its trade position in East Africa by increasing private…
Ethiopia deputy PM meets World Bank country director
Deputy Prime Minister and Minister of Foreign Affairs of Ethiopia Demeke Mekonnen today met with Country Director of…
Sudan debt relief moves forward
Under a debt relief plan won by advocates in the early 2000s, Sudan could see a drastic cut…
IFC appoints new country manager for East Africa, Malawi
IFC, a member of the World Bank Group, has appointed Amena Arif as its new Country Manager for…
Financial inclusion for Africa’s women entrepreneurs
Creating female-centric financial products and solutions for Africa’s power-force of women entrepreneurs is gaining momentum as a core…
CR2 set to accelerate digital banking in Ethiopia
CR2, one of the top financial technologies companies operating in Ethiopia, has been awarded the tender to roll…
World Bank to provide $400 million to Ethiopia
The World Bank today inked an agreement with the Ministry of Finance of Ethiopia to provide $400 million…
World Bank grants $80 million to Ethiopia
The World Bank has signed an agreement this week with the Government of Ethiopia to grant the Eastern…
World Bank grants $80 million to Ethiopia supporting agriculture
The World Bank Group’s Board of Executive Directors today approved a $80 million grant from the International Development…
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…
World Bank provides $500 million to Ethiopia
The Government of Ethiopia secured $500 million grant and loan from the World Bank. The World Bank’s Board…
Sanitation lesson for Ethiopia from India
BY MEKONNEN TESHOME TOLLERA – About a year ago a report by the African development bank rated Ethiopia…
Ethiopia, Egypt fail to reach agreement on the Nile
The governments of Ethiopia and Egypt have failed to reach an agreement on the use of the Nile…
IMF to provide seven-fold finance to Ethiopia
Supporting Ethiopia’s home–grown economic reform, the International Monetary Fund (IMF) has agreed with Ethiopian government at technical level…
IFC invests in Ethiopia to boost malt production
International Finance Corporation (IFC), a member of the World Bank Group, today announced a €20 million investment in…
Africans exploitation continues by design
Poverty in Africa and exploitation of Africans labor and natural resources has continued to this day not by…
Ethiopia’s privatization urgency sparks debate
Intellectuals and business leaders gathered in Addis Ababa this morning debate about the benefits of Ethiopia’s “urgency” to…
World Bank allocates $350 million for pastoralists in Ethiopia
The World Bank provides $350 million loan and grant to the government of Ethiopia’s effort to improve the…
World Bank to provide $550 million to Ethiopia
The World Bank Group has approved $550 million grant and loan to Ethiopia. The funding approved last week…