AfDB – Ethio Negari

16 May

Ethiopia’s foreign debt reaches $28 billion

ethionegari@gmail.com0 CommentsBusiness, News, PoliticsAddisAbaba, AfDB, China, Debt, EthioNegari, Ethiopia, Eurobond, IMF, US, WorldBank

Ethiopia's foreign debt reaches $28 billion. The Ministry of Finance has announced that, the amount of debt that Ethiopia borrowed from foreign lenders has reached 28 billion dollar. According to the minister's report, 54 percent of Ethiopia's foreign debt of 28 billion dollars was obtained from the World Bank and African Development Bank. 46 percent of total debt was obtained from China and other countries. Due to its high foreign debt, Ethiopia has been placed in the list of countries with high debt burden in the classification of international money credit institutions. On the other way,, three years ago, Ethiopia…

29 Aug

Japan, AfDB Announce up to $5bln Support for Private Sector in Africa

ethionegari@gmail.com0 CommentsNewsAddisAbaba, AfDB, EthioNegari, Ethiopia, Japan

ADDIS ABABA – The government of Japan and the African Development Bank (AfDB) have announced a $5 billion financial cooperation to provide support for the private sector in Africa. The announcement was made at the Eighth Tokyo International Conference on African Development (TICAD8) held Sunday in the Tunisian capital, Tunis. The funds – which finance their Enhanced Private Sector Assistance for Africa 5 (EPSA-5) initiative – consist of $4 billion under the existing window and an additional up to $1 billion that will be provided under a new Special Window. Japan is expected to establish the Special Window to support…

15 Jul

African Development Bank Tops Global Aid Transparency Index Rank

ethionegari@gmail.com0 CommentsNewsAddisAbaba, AfDB, EthioNegari, Ethiopia

The African Development Bank (AfDB) has been named the most transparent organization in the world by the Publish What You Fund (PWYF), a global campaign for aid and development transparency. With a top score of 98.5, AfDB’s Sovereign Portfolio now ranks first out of 50 global development institutions in the 2022 Aid Transparency Index published on Wednesday. AfDB Group President Akinwumi Adesina was “elated to learn of this outstanding recognition” from Publish What You Fund. “It is a testament to the relentless efforts of the more than 2,000 personnel across our organization who work tirelessly to accelerate Africa’s progress,” the President said…

09 Jun

AfDB Chief: Djibouti Strategically Placed to Become Global ICT Center

ethionegari@gmail.com0 CommentsNewsADDIS ABABA, AfDB, EthioNegari, Ethiopia, ICT

Adesina was on a two-day official visit to the Horn of Africa nation where he received Djibouti’s highest honor of Commandeur dans l’ordre national. He and President Guelleh discussed ways of transforming Djibouti’s economy as the country strives to achieve its vision of becoming an information, communication and technology (AfDB) hub in the region. Djibouti is largely dry and barren. Its population of nearly one million people relies on imported food. Its Red Sea port remains the main source of income and employment. It is also a gateway for landlocked neighboring Ethiopia. “Djibouti needs to look beyond the port, diversify…