Business

Ethiopia Gains Diplomatic Victory at UNSC

As the second phase of filling GERD is just at the corner, Ethiopia gains diplomatic victory at the UNSC Another round of externalizing the issue of GERD and a conspiracy against Ethiopia’s legitimate right to use its water resources for the electrification of the country and sharing hydropower with brotherly African countries collapsed at the […]

Business

House Ratifies Loan Agreements, Road Charters

(ENA)  The House of People’s Representatives (HPR) has ratified four loan agreements between Ethiopia and the International Development Association, and endorsed two road charter proclamations, including the African Road Safety Charter and United Nations Convention on Road Traffic today. The approved loan agreements would help the country to execute projects, including financing Ethiopian digital foundation […]

Business

African Dev’t Bank Secures over 170 Mln USD for Decentralized Renewable Energy (DRE) Projects

(ENA) The Board of Green Climate Fund has approved 170.9 million USD for African Development Bank’s Leveraging Energy Access Finance Framework (LEAF) program. LEAF aims to unlock commercial and local-currency financing for decentralized renewable energy (DRE) projects in six program countries: Ghana, Guinea, Ethiopia, Kenya, Nigeria and Tunisia. The Green Climate Fund’s financing is part […]