Gov't Receives $118m in AfDB Grants

Jul 24 , 2021

The Ethiopian government and the African Development Bank Group (AfDB) have signed an agreement for two separate grants worth 118 million dollars, aimed at supporting agro-industrial parks, Ethiopia-Djibouti power interconnection and youth employment. The agreement was signed by Ahmed Shide, minister of finance, and Abdul Kamara (PhD), deputy director-general of the AfDB's East Africa Regional Development & Business Delivery Office. Over half of the amount (71 million dollars) will be extended to the Ethiopia-Djibouti Second Power Interconnection Project, which aims to boost electricity trading between the neighbouring countries. The remaining 47 million dollars will go into the enhancement of productivity in agro-industrial parks and creating employment opportunities for the youth. Officials hope to create job opportunities for 3,000 jobs people through the project.



A street lamp around Addis Abeba Stadium melds into the concrete backdrop emblematic of the capital's ageing infrastructure. Over the past few years, Ethiopia's electric grid has been subject to destruction and theft, subjecting the public treasury to hundreds of millions in losses. Nearly half of the country's population does not have access to electricity. A series of projects by the World Bank has contributed to the slight but essential upgrade to the nation's grid, including a 500 million do...



A trio of donkeys drag along the main road in front of Menlik School around the Arat Kilo area. While the four-legged domestic animal is a venerated member of the Ethiopian labour force, its skin and meat are increasingly valued in the international markets. Rhong Chang, a donkey slaughterhouse operating in Assela Town, Oromia Regional State reopened its services after a seven-year break two years ago. Public outroar has often accompanied the entrance of donkey abattoirs into Ethiopia since anot...



A bustling market emerges under a bridge in the boroughs of the Bole Michael area. Addis Abeba City Administration has launched a series of aesthetic initiatives embalmed in themes of beautification and urbanisation that have removed thousands of shops built with makeshift tents. Above a quarter of Addis Abeba's labour force is engaged in the informal economy, which while often associated with connotations of illegality, remains a sizeable employer in emerging economies across the world. Calibra...