Ethiopia : Impact investor Finnfund invests in poultry company
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....
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Telecom : MTN will bid in second Ethiopia telecoms licence round
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....
Ethiopia : ADB Sign 31 Million USD Grant Agreement to Help End Undernutrition
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...
Energy : Rosatom signs MOUs with Ethiopia
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...
Ethiopia : gets $500m World Bank credit to increase electricity access
The World Bank approved a $500 million International Development Association (IDA)* credit to support Ethiopia's goal of achieving universal electricity access by 2025....
Ethiopia : record taken 21 percent economic growth
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. ...
Ethiopia :A new $2.2 B productive safety net program
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...
Egypt : EU discuss Ethiopia’s Renaissance Dam crisis
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...
Ethiopia : Japanese grant to support set up of 5 MW portable geothermal plant
The Japan International Cooperation Agency (JICA) is funding the set up of a 5 MW portable geothermal power plant on site of Aluto Langano geothermal plant, Ethiopia....
Ethiopia : the country earns $610M export revenue from Chinese built industrial parks
Ethiopia has earned 610 million U.S. dollars from Chinese built industrial parks, the Ethiopia Industrial Park Development Corporation (EIPDC) disclosed on Sunday. Behailu Kebede, Marketing and Communications Department Chief at EIPDC, said the 610 million U.S. dollars export revenue was earned from 13 Chinese built industrial parks. Kebede further said...