Africandevelopmentbank

The African Development Bank has announced that it has approved a $104 million fund to help improve the energy supply in Eastern Ethiopia. The financial support approved by the bank's board of directors was $52 million from the African Development Fund. The rest of the funding came from the Korea Economic Development Cooperation Fund, the bank's lending partner under the Korea-Africa Energy Investment Framework Agreement. Bachi Baldeh, the Bank's Power System Development Director said that the project will increase the capacity of the energy buffer in Eastern Ethiopia and increase the supply of renewable and reliable electricity. The government's energy…