News Ethiopia Loans: China's new approach in Africa to focus on FDI over loans: Report
According to a study undertaken by Chatham House, a renowned policy institute based in London, China is moving away from a high-volume and high-risk model of investment in Africa.
News Ethiopia Loans: Nigeria's Senate approves 2023 budget, holds back decision on loan-bonds swap
Nigeria's Senate on Wednesday increased the 2023 budget by 6.4% to 21.83 trillion naira ($49 billion) and delayed a decision to the president's request to convert central bank overdrafts to his administration to long-term bonds after some lawmakers questioned the plan.
News Ethiopia Loans: China’s new approach in Africa to focus on FDI over loans
China is taking a new approach to Africa which prioritizes FDI over loans, small and medium-sized businesses over large ones, and green development over carbon emissions, according to Ethiopia-based ...
News Ethiopia Loans: Tigray forces allege 'large-scale' Ethiopia offensive
NAIROBI, Kenya (AP) — Authorities in Ethiopia’s northern Tigray region alleged Wednesday that Ethiopia’s military launched a “large-scale” offensive for the first time in a year, which …
News Ethiopia Loans: Dev’t Bank of Ethiopia Collects About 11 Billion Birr Loan
Addis Ababa August 7/2022 /ENA/The Development Bank of Ethiopia has announced that it has collected some 10 .9 billion Birr from the loans it offered to customers during the just concluded fiscal year.The bank was also able to bring down the level of bad loans to 17 percent, excluding projects in the Tigray region.President of the Bank, Dr. Yohannes Ayaleu told to ENA the fact that several projects in Tigray went into bad debt have been making...
News Ethiopia Loans: Beating the odds, digital finance thrives in Ethiopia
The National Bank of Ethiopia (NBE) has given permission to the state-owned ... armed with a paid-up capital of over five billion birr. The services are micro-loan, overdraft and micro-saving, dubbed ...
News Ethiopia Loans: FAO scales up procurement of fertilizers using $10-M CERF loan
The Food and Agriculture Organization (FAO) of the United Nations is scaling up the procurement of fertilizers to help farmers in Tigray, northern Ethiopia sow their fields in the midst of the critical planting season. FAO will use a $10-million loan recently approved by the UN Central Emergency Response Fund…
News Ethiopia Loans: Ethiopia: Loan from UN fund allows FAO to scale up fertilizers for farmers in Tigray
Since conflict erupted in November 2020, Tigray and other regions have seen the widespread disruption of agriculture, elevated levels of acute food insecurity, and loss of livelihoods. The loan forms ...
News Ethiopia Loans: Nigeria and the danger of China loans, By Olawale Akande
In 2020 when the National Assembly raised the alarm over the sovereignty clause in the Chinese loan agreements, Amaechi’s initial reaction was to vehemently defend the inclusion of that clause and also insisted that the Chinese have the right to seize the assets of Nigeria
News Ethiopia Loans: The Ethiopian civil war that destroyed Tigray’s economy
On 4 November 2020, the Ethiopian government announced a military offensive in response to attempts by Tigray’s government and Tigrayan military officers to neutralize the powerful Northern Command of ...
News Ethiopia Loans: Nigeria and the danger of the Chinese loans, By Olawale Akande
In 2020 when the National Assembly raised the alarm over the sovereignty clause in the Chinese loan agreements, Amaechi’s initial reaction was to vehemently defend the inclusion of that clause and also insisted that the Chinese have the right to seize the assets of Nigeria
News Ethiopia Loans: Ethiopia: #asdailyscoop - Condominium Contractors Unpaid for Up to Two Years - Housing Corp. Blames Inability to Raise Bond Loans
Contractors who are engaged in the construction of state-managed condominiums projects in the capital Addis Abeba said they were subjected to various social crises because they had not been paid for up to two years. In some cases, even payments that were approved as recently as June last year were not disbursed to the Contractors.
News Ethiopia Loans: Ethiopia: Home-Grown Efforts Building Economic Resilience
In the last three years, the Ethiopian economy has faced various challenges ranging from COVID-19's impacts to locust invasion, the unprovoked war of TPLF, drought to price inflation.
News Ethiopia Loans: Kenya Plans to Import Electricity from Ethiopia's KSh 500b Grand Renaissance Dam amid Frequent Blackouts
Kenya will import power from the KSh 500 billion Grand Ethiopian Renaissance Dam (GERD) according to the agreement reached between the two E. African countries.
News Ethiopia Loans: China hopes rise for Ethiopia after US pulls duty-free export deal over Tigray atrocities
China is a big investor in Ethiopia and channelled US$13.7 billion in loans to it between 2000 and 2019. It also funded and built the Addis Ababa-Djibouti railway, Ethiopia’s first electrified ...
News Ethiopia Loans: Equipping Ethiopian Farmers to Earn an Income
It also links women and men to income-generating activities and training – particularly widowed mothers and vulnerable farmers – with the aim of increased household income. Participants learn farming ...
News Ethiopia Loans: Ethiopian Airlines Group abroad investment update
Ethiopian Airlines Group, which is 100 percent owned by the Government of Ethiopia, has investments in four African airlines and one logistics company. The gross profit of Ethiopian Airlines Group for ...
