U.K. Museum Offers Ethiopia Long-Term Loan of Looted Treasures

The Battle of Maqdala in 1868 was a British military expedition led by Gen. Robert Napier to release British hostages held in what is now Ethiopia by Emperor Tewodros II. After British... Read more »

Ethiopia Signs $600M Loan, Grant Deal With World Bank

ADDIS ABABA, ETHIOPIA —  The World Bank agreed on a $600 million loan and grant for Ethiopia on Tuesday to pay for roads and other infrastructure in urban areas. The Washington-based bank... Read more »

Ethiopia eyes new 83-mln-USD abattoir to augment meat exports – Xinhua

ADDIS ABABA, Dec. 28 (Xinhua) — The Ethiopian House of Peoples’ Representatives on Thursday ratified a 70 million Euro (83 million U.S. dollar) loan deal which will finance the construction of a... Read more »

Ethiopia: Parliament Approves $860m Loan Agreements

Parliament has approved the 859.6 million dollar loan agreements the Ministry of Finance & Economic Cooperation (MoFEC) secured to finance road, industrial parks, small business enterprises, and wind power projects from different... Read more »

HPR Adopted 6 Loan Agreements

Ethiopia’s lower house, House of Peoples’ Representatives (HPR), adopted 6 loan agreements in its 42nd regular session. The loan agreements were concluded with the International Development Association (IDA), Japan International Cooperation Agency... Read more »

Ethiopia: DBE Unfreezes Commercial Farm Loans – AllAfrica.com

Photo: Andrew Heavens Ryaz Shamji, Managing Director of Golden Rose with farm workers (file photo). By Dawit Endeshaw Loan applications from close to 260 commercial agriculture investors have got the green light... Read more »

Female Entrepreneurs Get a Chance to Pursue Their Dreams – World Bank Group

Zinabua Hailu has a dream. She wants to build a big hotel with “stars” — one that meets international rating standards, the kind of hotel tourists might frequent. It’s not an impossible dream. Over... Read more »
china in africa

Commercial Bank of Ethiopia Agrees $300 Million China Loan

(Bloomberg) — The Commercial Bank of Ethiopia signed a memorandum of understanding with the Export-Import Bank of China for a $300 million credit facility, Ethiopia’s state- owned lender said. “The amount is... Read more »

China gives Ethiopia us$500 million loan

China has lent Ethiopia US$ 500 million that will be used to fund various development projects in the Horn of Africa country. The loan agreement signed with the Chinese Export and Import... Read more »
Ethiopian railway

Ethiopia Railway finally gets Chinese funding after Indian delay

After several years of actively seeking financial support for the development of a crucial transportation network, the Chinese Government has granted Ethiopia a multi-billion birr loan towards the construction of railway lines... Read more »