The African Development Bank Group and the Government of Ethiopia have signed two separate grant agreements for new projects to boost youth employment and electricity trade between Ethiopia and Djibouti. The grants fall under the Bank Group’s concessional lending window, the African Development Fund, and will go towards the Productivity...

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...

OP Finnfund Global Impact Fund I invests $5m in EthioChicken, one of the largest poultry companies in East Africa. The company has been funded by Finnfund since 2017....

South Africa's MTN Group will bid again for an Ethiopia operating telecom licence in the second round if mobile financial services are included, its CEO said after losing the first round....

African Development Bank (ADB) and Ministry of Finance have signed over a 31-million-USD grant agreement to support the efforts to end stunting and child malnutrition of children in the country. Finance State Minister Yasmin Wohabrebbi and ADB East Africa Regional Development and Business Delivery Office Deputy Director-General Abdu B. Kamara...

Rosatom on 15 April signed two memorandums of understanding (MOUs) with Ethiopia’s Ministry of Innovation and Technology. The MOUs related to education and training in the field of nuclear energy, and on the formation of a positive public opinion regarding nuclear energy in Ethiopia. The documents set out the framework...

The World Bank approved a $500 million International Development Association (IDA)* credit to support Ethiopia's goal of achieving universal electricity access by 2025....

From the record taken 21 percent economic growth in Forex trading over the last six months via reducing debt burden and completing unfinished projects,Ethiopia achieved its high economic growth amidst COVID-19 pandemic crises. In this growth, the country's GDP reached 100 billion USD for the first time.  ...

The United States joined the Government of Ethiopia and development partners to launch the next five-year phase of the Productive Safety Net Program (PSNP). The PSNP is the Government of Ethiopia’s multi-billion-dollar food security, public works, and social safety net program for millions in need across Ethiopia. The PSNP was...

Egyptian foreign minister Sameh Shoukry said that it was essential to resolve the Renaissance Dam issue before the onset of the next flood season. Shoukry said during a discussion with Josep Borrell, the European Union’s High Representative for Foreign Affairs, that Ethiopia’s decision to unilaterally fill the Grand Ethiopian Renaissance...