Ethiopia, Korea EXIM Bank Sign $70m Loan


Ethiopia and the EXIM Bank of Korea have signed a 70-million-dollar loan agreement that will be used to cover costs related to Novel Coronavirus (COVID-19). The loan agreement was signed between Ahmed Shide, minister of Finance, and Bang Moon, president of EXIM Bank of Korea. From the total value, 40 million dollars will be used to fill the budget deficit Ethiopia may encounter due to the expenses the government has accumulated in fighting the virus. The remaining funds will be used for the procurement of medical equipment that will be used for the prevention and treatment of COVID-19. The concessional loan the two countries have signed will be paid over a longer period of time, according to a statement from the Ministry of Finance.


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Recyclable Cash

These types of scenes can be seen around the city. People collect different types of plastic materials to sell them in return for recyclers. Water bottles make up the majority of the recyclable plastics, while many homeless people engage in the collection of the materials. ...


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Young Care

Sahlemariam Abebe (right), national director for SOS Children's Villages in Ethiopia, spoke at the launching project for a new program by the aid agency on September 20, 2022, at the Ethiopian Skylight Hotel. The programme targets young people that have graduated from care such as foster homes and small group homes but are at risk of facing discrimination...


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Feeding on Road

In the middle of a recently constructed highway in Qera, on Alexander Pushkin Street, a donkey is grazing on grass on the road separator. It shares the infrastructure with pedestrians and vehicles as the transportation of goods has not fully matured in Ethiopia, not even in the capital...