archiveEthiopia

in Short

Ethiopia : more remittances from diaspora

The deputy director said members of the Ethiopian diaspora contributed 28 million U.S. dollars worth of assistance to rehabilitate parts of the country hit by both manmade and natural calamities during the just concluded fiscal year....
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Ethiopia: Addis moves to allow entry of Kenyan banks

Ethiopia has taken a major step in opening the door for Kenyan lenders such as KCB Group to set up operations in the populous nation.  The country has already started work to amend Ethiopia’s half-a-century old financial code, meaning the long-awaited easing of restrictions on foreign banks making investments in...
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Energy : Ethiopia, Djibouti to launch second electricity link

Djibouti and Ethiopia have announced plans to build a second electricity transmission following positive returns from the first project that linked their power grids. The first project enabled Djibouti to import Ethiopia’s hydropower-processed, renewable and cheap electricity. According to Mr. Batchi Baldeh, the AfDB’s Director of Power Systems Development, the...
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