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