Ethiopia to Extend Support to Real Estate Developers
The Ministry of Urban Development and Housing unveiled its commitment to assist real estate developers.
Ethiopia to Farm out Pension Disbursement
Ethiopia is to farm out the disbursement of private sector pensions to five micro finance institutions and a private bank starting on July 8th 2012.
The following micro finance institutions will be serving regional areas; Dedebit Credit and Savings, Oromia Credit and Savings, Omo Microfinance, Amhara Credit and Savings and Dire Microfinance.
The private bank under contract to the Private Organization Employees Social Security Agency will be servicing the Addis Ababa area.
Ethiopia to Get a New Cement Factory
Abay Industry Development S.C. is going to build a cement factory in Dejen City, Amhara State, for which cornerstone was laid on April 20, 2015. The plant is going to be constructed at an outlay of 7.5 billion Birr and scheduled to be completed in 4 years.
Ethiopia to Get a USD 1 Billion Budgetary Help from the World Bank
Ethiopia’s Prime Minister announced that, as a result of the country’s current reforms, Ethiopia would get a USD 1 billion budget support from the World Bank in the coming few months. The World Bank and other donors suspended their budgetary support to the country after the 2005 election.
Ethiopia to Get Further Assistance from World Bank
World Bank’s Managing Director, Sri Mulyani Indrawati, affirmed the Bank’s further assistance to Ethiopia in the nation’s efforts in industrial development.
