A 3.73 Billion Birr loan agreement with the China EX-IM Bank was ratified by Ethiopia’s legislature, House of People’s Representatives (HPR). The loan is secured for the upgrade of the 210 Kilometers Dire Dawa – Dewalle road project.
House of Peoples’ Representatives (HPR) has endorsed yesterday, July 1, 2015, three loan agreements, according to Ethiopian News Agency.
The federal legislative organ, House of Peoples Representatives (HPR), ratified two agreements the Ethiopian government concluded with International Development Associations (IDA) for the finance of productive safety net project and the regional pastoral livelihood resilience project. The finance agreements sum is USD 675 Million.
Huajian Group, a Chinese footwear company, revealed its plans to expand its investment in Ethiopia and establish the country as a major manufacturing hub in Eastern Africa.
Huawei and Eltel concluded a major contract in Ethiopia. The agreement is for the installation of Optical Ground Wire (OPGW) covering 1, 600 Kilometers on the existing power transmission lines.
