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Month: July 2022

Awash Bank and MFIs for MSMEs

Awash Bank and nine microfinance institutions sign a loan agreement to unlock access to 1.5 billion ETB for Ethiopian MSMEs

July 30, 2022 Semonegna 0

ADDIS ABABA – Awash Bank, one of the biggest private commercial banks in Ethiopia in terms of capital, signed a loan agreement with nine private […]

Ethiopian Airlines becomes the first airline to order Airbus’ A350-1000 aircraft

July 30, 2022 Semonegna 0

ADDIS ABABA – Ethiopian Airlines Group, the flag carrier of Ethiopia, Africa’s largest airline group, has upsized four of its A350-900 on order to the largest variant […]

United States provides more than $488 million in humanitarian assistance to Ethiopia

July 28, 2022 Semonegna 1

ADDIS ABABA (USAID) – The United States through the U.S. Agency for International Development (USAID) is providing an additional $488 million in critical humanitarian assistance […]

Ethiopia and the African Development Bank signed grant agreements amounting to a total of 44.4 million USD

July 28, 2022 Semonegna 0

ADDIS ABABA – The Ministry of Finance of the Federal Democratic Republic of Ethiopia and Abidjan-based African Development Bank (AfDB) signed two financing agreements amounting […]

Oromia Bank selects CR2’s BankWorld to advance its digital banking transformation strategy

July 28, 2022 Semonegna 1

ADDIS ABABA – Oromia Bank selects CR2’s BankWorld to advance its digital banking transformation strategy in Ethiopia. The official contract signing ceremony took place in […]

African Development Fund approves $4.3 million grant to fund Ethiopia’s capacity building, boost economic resilience

July 28, 2022 Semonegna 1

ABIDJAN (AfDB) – The Board of Directors of the African Development Fund has approved a $4.3 million grant to fund capacity building within Ethiopia’s finance […]

IOM, Ethiopia’s Ministry of Peace, and KOICA partner to support the government of Ethiopia’s work towards sustainable peace

July 21, 2022 Semonegna 0

ADDIS ABABA (IOM Ethiopia) – The Korea International Cooperation Agency (KOICA) has allocated USD 9.5 million to fund the International Organization for Migration’s (IOM) work to support the […]

Ethiopian Airlines Group signs proposal with De Havilland Canada for up to four Dash 8-400 freighter door conversion kits

July 21, 2022 Semonegna 1

FARNBOROUGH, U.K. – De Havilland Aircraft of Canada Limited (“De Havilland Canada”) and Ethiopian Airlines Group (“Ethiopian”) announced that Ethiopian has signed a proposal for the […]

Japan Ambassador to Ethiopia Ms Takako Ito

Japan extends USD 3.5 million to Ethiopia for food assistance

July 13, 2022 Semonegna 0

On 12 July, an Exchange of Notes for the “Food Assistance Program” was signed between Ms. Takako Ito, Ambassador Extraordinary and Plenipotentiary of Japan to […]

Ethiopia launches a $30 million nutrition program to reduce maternal malnutrition, child wasting and stunting

July 1, 2022 Semonegna 0

Over the five years, the newly launched nutrition program will reach at least one million pregnant women and three million children with vital health and […]

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