President Sahle-Work Zewde addressed today the opening of the Second United Nations Sustainable Transport Conference held in Beijing. On the occasion, the president said road infrastructure is the backbone of Ethiopia’s agricultural economy and the country has allocated 11 percent of its annual budget on road infrastructure development and maintenance. In order to facilitate the […]
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Ethiopian Diaspora Council Vows to Enhance Remittance, Discourage Illegal Money Transfer
Members of the Council for Ethiopian Diaspora in Action said they are working to engage the diaspora community in the development of the country by enhancing remittance. Members of the council told ENA that Ethiopians across the globe have been providing support for their country in various ways, including in remittances. The nation has, for […]
Why banning financing for fossil fuel projects in Africa isn’t a climate solution
Today’s global energy inequities are staggering. Video gamers in California consume more electricity than entire nations. The average Tanzanian used only one-sixth the electricity consumed by a typical American refrigerator in 2014. Globally, the top 10% of countries consume 20 times more energy than the bottom 10%. And 1.1 billion sub-Saharan Africans share the same amount of power generation capacity as Germany’s 83 million […]
China’s reputation challenged by perceptions of low-quality projects and products in Ethiopia
One of the most striking elements of the discourse about China in Ethiopia is how official governmental narratives highlight the impressive scale of Chinese projects, whether major infrastructure construction of roads and railways or the import of essential goods like vaccines, phones, and clothing, while popular narratives often underline the low quality of these projects […]
AAU signs Cooperative Agreement with Ethiopian Shipping Enterprise
Addis Ababa University (AAU) signed a Memorandum of Understanding (MoU) with the Ethiopian Shipping and Logistics Services Enterprise (ESLSE) in the Office of the President of the University today, October 12, 2021. The main purpose of the agreement is to train a number of maritime transport and logistics service professionals to create a wide range […]
World Bank: Poor Countries’ Debt Rose 12% to Record $860 Billion in 2020
WASHINGTON — The World Bank on Monday warned of a significant 12% rise in the debt burden of the world’s low-income countries to a record $860 billion in 2020 as a result of the COVID-19 pandemic and called for urgent efforts to reduce debt levels. World Bank President David Malpass told reporters the bank’s International […]