the World Bank’s Board of Executives has approved a US$380 Million loan to Ethiopia. The loan will be used for improving the capacity and performance of local urban governments to expand sustainable urban infrastructure and services in cities across the nation, according to a press release on the Bank's website.
Sheba Investment PLC., a Yemeni company, has made a request to acquire an additional 48 percent share of the Ethiopia's National Tobacco Enterprise S.C., according to Fortune.
Add a comment Add a commentEthiopia’s first ever sovereign credit rating will be due in two weeks time, Finance and Economic Development Minister Sufian Ahmed told Reuters. He added this will pave way for the country to international bond markets.
Add a comment Add a commentEthiopia’s first of its kind expressway, Addis-Adama Expressway, was inaugurated on Monday, May 5, 2014 in the presence of the Chinese Prime Minister Li Keqiang and Ethiopia's Prime Minister Haile Mariam. The Expressway was built at a cost of 11.2 Billion Birr, The Ethiopian Herald reported.
Add a comment Add a commentThe Ethiopian Ministry of Mines has issued a new directive that restricts the size of land that can be acquired by artisanal miners or small scale producers to five square kilometers, according to The Reporter.
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