Grants Archives - Ethio Negari

09 Aug

Japan grants $3 million to Ethiopia for ex-combatant re integration

ethionegari@gmail.com0 CommentsNewsAddisAbaba, DDR, EthioNegari, Ethiopia, Ethiopianews, Grants, Japan, Peacebuilding

The Republic of Korea is contributing US$3 million to the United Nations Development Programme (UNDP) to support the demobilization and reintegration of over 370,000 ex-combatants in Ethiopia. UNDP is managing a multi-partner DDR programme that supports the work of the National Rehabilitation Commission (NRC) established following the end of a two-year conflict in northern Ethiopia. Ambassador of the Republic of Korea Mr.Jung Kang elaborated on the partnership: “The Republic of Korea recognizes the significant strides Ethiopia has made towards DDR initiative, and we are proud to support these efforts through our contribution to the UNDP. This contribution is not merely…

31 Jul

Ethiopia Secures Over $16 Billion from World Bank

ethionegari@gmail.com0 CommentsBusiness, NewsAddisAbaba, Debtrelief, EthioNegari, Ethiopia, Ethiopianews, Grants, IMF, Loanburden, WorldBank

The World Bank has granted more than $16 billion in financial assistance to Ethiopia. The World Bank's Board of Directors announced that it will provide $16.6 billion in loans and assistance to Ethiopia over the next three years. According to the World Bank's website, the financial aid and loans will support Ethiopia's ongoing economic reforms. The bank stated that $1 billion of the approved funds will be direct support, while $500 million will be an extended loan. Additionally, the World Bank has announced several support frameworks to aid Ethiopia's indigenous economic reforms. Specifically, $1 billion will be direct aid, $500…

23 May

Ethiopia Secures Over $4 Billion from Loans and Grants in 9 Months

ethionegari@gmail.com0 CommentsBusiness, NewsAddisAbaba, EthioNegari, Ethiopia, Ethiopianews, Grants, IMF, WorldBank

The Ministry of Finance has presented its nine-month financial report to the House of Representatives. According to the report, Ethiopia has received $4.5 billion from loans and grants over the past nine months. Of this amount, 54 percent came from grants, while $849 million was obtained through loans. The World Bank contributed $1 billion of the total, reflecting a strong relationship between Ethiopia and the institution. The Ministry of Finance also reported that 356.5 billion birr was targeted for tax collection, with 338 billion birr successfully collected. Additionally, 739 million birr was collected from current and overdue payments from government…

05 Apr

Ethiopia Inks $1.72 Billion Finance Agreement with World Bank

ethionegari@gmail.com0 CommentsBusiness, NewsAddisAbaba, EthioNegari, Ethiopia, Ethiopianews, Grants, WorldBank

Ethiopia has secured a significant financial boost, receiving more than $850 million in grant from the World Bank. The Ministry of Finance recently announced the signing of a monumental agreement between Ethiopia and the World Bank, totaling $1.72 billion, equivalent to 97 billion birr. The agreement, a testament to the collaborative efforts between Ethiopia and the World Bank, was formalized through the signatures of Finance Minister Ahmed Shide and Ousmane Dione, the World Bank's representative for Sudan and South Sudan. Of the total financial assistance received, $850 million is earmarked for various developmental projects across Ethiopia. Specifically, $500 million of…

29 Aug

World Bank grants $730 million to modernise Ethio-Djibouti transport

ethionegari@gmail.com0 CommentsBusiness, News, PoliticsAddisAbaba, EthioDjibouti, EthioNegari, Ethiopia, Grants, Roadtransport, WorldBank

The Ministry of Finance and the World Bank have signed a $730 million support agreement for the African Regional Economic Corridor Project (Ethio-Djibouti Corridor Project). The project will strengthen Ethiopia's logistics and communication capacity in a manner linked to the strategic Addis Ababa-Djibouti corridor, which accounts for 90 percent of Ethiopia's maritime trade. According to the agreement, financial support will be provided for the construction of the Meoso-Deredawa road. The Ministry of Finance announced that the construction will increase the capacity and efficiency of transportation. Other infrastructures, including access to health, water and education services, will be supported for citizens…

02 Aug

African Development Fund grants $84 million to Ethiopia

ethionegari@gmail.com0 CommentsBusiness, News, PoliticsAddisAbaba, ADF, Africandevelopmentfund, EthioNegari, Ethiopia, Grants

Ethiopia and the African Development Fund have signed a development support agreement worth $84.3 million (4.5 billion birr) to be used for wheat production and productivity improvement. Of the development support, $54 million from the African Development Fund, $20 million from the Dutch government, and $10.3 million were given by other organizations. The grants is used to improve the production and productivity of smallholder wheat farmers, and to achieve this, the support is used to produce environmentally friendly wheat, develop market infrastructure and linkages, and manage projects in the sector. According to the Ministry of finance Ethiopia, the agreement was…

28 Jul

World Bank grants $400 million to Ethiopia

ethionegari@gmail.com0 CommentsBusiness, News, PoliticsAddisAbaba, Ahmedshide, EthioNegari, Ethiopia, Grants, loan, WorldBank

Ethiopia and the World Bank have signed a $400 million financial support agreement for human resource development in an online ceremony. Of the $400 million signed in the agreement, $350 million are development support and $50 million are loans. The financial support is used for the development of human resources and to improve the quality and effectiveness of education and to enhance the service of the food system. The Ministry of Finance announced that girls and teenagers across the country will benefit from the World Bank's financial support. The human resource development service includes areas affected by conflict and drought…

19 Jul

Five global organization grants $36 million to Ethiopia

ethionegari@gmail.com0 CommentsBusiness, Health, NewsAddisAbaba, BMGF, CORHA, EthioNegari, Ethiopia, Familyplanning, Grants, Healthforall, USAID

The $36 million budget is to make family planning services accessible in Ethiopia in the next three years. According to ministry of Health,22 percent of women do not have access to family planning services in Ethiopia. The grant signing program was held in Addis Ababa between Ethiopia Minister of Health, state ministry of Finance Eyob Tekalign, USAID, Bill and Melinda Gets foundation and other global organizations. Dr. Lia Tadese, Ministry of Health said that, one of the obstacles to strengthening access to family planning services is the cost is mostly covered by donors, and the support received from donors is…

04 Jul

UNDP grants $30 million to modernize Elections in Ethiopia

ethionegari@gmail.com0 CommentsBusiness, Fact check, News, PoliticsAddisAbaba, Birtukanmideksa, electioninethiopia, EthioNegari, Ethiopia, Grants, NEBE, UNDP

Ethiopia has signed a $30.2 million financial support agreement to help Ethiopia strengthen its electoral system which will enable it to achieve sustainable democracy. The agreement was signed by the Ministry of Finance of Ethiopia, the National Election Board and the United Nations Development Organization. The budget support will be used to strengthen the electoral board's institutional structure to conduct free, fair, participatory, credible and standardized elections and referendums, and to work together with civic institutions to increase the participation of women and youth in the electoral process. The Ministry of Finance also announced that the budget support will be…

16 Dec

US to grants $55 billion to Africa

ethionegari@gmail.com0 CommentsBusiness, Environment, News, PoliticsAfrica, Diplomacy, EthioNegari, Ethiopia, Grants, US, Usafrica

US President Joe Biden pledged $55 billion in aid to Africa over the next three years. This came during the closing ceremony of the US-African Summit in Washington. The US President expressed his keenness to travel to Africa, after being invited by the leaders of several African countries. Biden supports Africa with invitations to represent it in the G20 and the Security CouncilPartnership not dependency. The American-African summit corrects the path and corrects the pitfalls Biden said: "I am eager to visit your continent (Africa) because I told some of you who invited me to your countries." The US president…