African Development Bank Approves USD 104 Million to Boost Ethiopia’s Power Sector

The Board of Directors of the African Development Bank Group has granted approval for a transmission project in Eastern Ethiopia, securing a financing of USD 104 million. This project, funded by the African Development Fund and Korea's Economic Development Cooperation Fund, aims to benefit various communities, including small farmers, livestock farmers, manufacturers, and students.
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Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 13 September 2023.
The Ethio Engineering Group (EEG) has set an ambitious target of generating more than Birr 14.6 billion in revenue from its operations during the current fiscal year, marking a substantial increase compared to the Birr 490 million it earned last year.

