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The Ethiopia government and Department for International Development of the United Kingdom (DFID) signed Memorandum of Understanding to support the Climate Resilient Green Economy (CRGE) Facility on today.

Under the MoU, the DFID agreed to provide 15 million Pound grant by December 2015 to support the implementation of the Sector Reduction Mechanisms process, to generate and fund high quality strategic investment that respond to priorities of the government. The finance will be used to support the country's efforts to support the CRGE Facility, a national system set up to solicit finance from bilateral and multilateral as well as public funds.

Ethiopia and Djibouti have agreed to keep logistics between them undeterred while combating COVID-19, the Ethiopian Ministry of Transport stated. The two countries reached the consensus after Awel Wegris, Ethiopia’s State Minister of Transport and his colleagues, and Djibouti’s government officials held an in-depth virtual meeting.

Ethiopian Prime Minister Abiy Ahmed and Djiboutian President Ismael Omar Guelleh have discussed ways in which the two neighboring countries can strengthen their economic cooperation, as well as other issues of mutual concern. The two leaders "are committed to capitalizing on existing foundations for mutual prosperity," PM Abiy twitted.

The Ethiopia and Djibouti heavy equipment market size, which was $323.9 million in 2018, is projected to reach $496.1 million in 2026, growing at a CAGR (compound annual growth rate) of 5.6 percent, according to Allied Market Research (AMR).

The Ethiopia-Djibouti electric power transmission was launched yesterday in Djibouti in the presence of Meles Zenawi, prime minister of Ethiopia and Omar Guelleh, president of Djibouti.

The project is estimated to meet 75 percent of Djibouti’s power demad.

The 65 million dollar project, largely financed by the African Development Bank (AfDB), aims to raise access to electricity in Djibouti to 60 percent by 2015 which was 49.5 percent in 2003.