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Ethiopia: World Bank and AAU Signed Assistance Agreement

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Category: Latest Business Alerts

worldbank-logoThe World Bank and Addis Ababa University (AAU) signed assistance agreement amounting to five million birr on Monday, 2 December, 2013, Ethiopian News Agency reported.

AAU President Dr Admasu Tsegaye and World Bank Ethiopia Country Director Guang Chen signed the agreement.

Last Updated on 03 December 2013
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Ethiopia: World Bank Approved 150 Million USD Project to Improve Modjo Dry Port

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Category: Latest Business Alerts

The World Bank’s Executive Board today approved a new $150 million project to increase the efficiency of trade logistics in Ethiopia. The project will focus on improving the Modjo Dry Port, a key transportation hub that handles 95% of Ethiopia’s trade, but which is a major bottleneck on the vital Ethio-Djibouti trade corridor.

Last Updated on 05 April 2017
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Ethiopia: World Bank Approved 50 Million USD Credit

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The World Bank’s Board of Executive Directors approved an International Development Association (IDA) credit of $50 million for the National Quality Infrastructure (NQI) Development Project aimed at improving the competitiveness of Ethiopian industries. It will support the Government of Ethiopia’s (GoE) efforts to develop the country’s standardization practice, metrology, accreditation, and conformity assessment services—inspection, testing, and certification.

Last Updated on 05 April 2017
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Ethiopia: World Bank approved US$ 320 Million for New Road Project

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Category: Latest Business Alerts

worldbank-logoThe World Bank’s Board of Executive Directors approved US$ 320 million to finance a new type of asphalt road in Ethiopia, according to Capital.

Last Updated on 25 February 2014
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Ethiopia: World Bank Extended 33 Million USD Loan

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The World Bank inked 33 million USD loan with Ethiopia.

The loan agreement was signed by Ahmed Shide, State Minister of Finance and Economic Cooperation, on Ethiopia’s part and Carolyn Turk, World Bank Country Director for Ethiopia, Sudan and South Sudan, on the bank’s behalf.

Last Updated on 17 March 2016
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