Second Quarter Loans and Grants Register at $255m

January 7 , 2022

The federal government received 255.6 million dollars in loans and grants during the second quarter of this year, according to a report from the Ministry of Finance. A further 364 million dollars was committed over the same period. The disbursals are less than 36pc of what was received through loans alone during the same period last year, adding up to 715 million dollars. The first quarter saw 137 million dollars in loans disbursed, less than half the figure from the same period last year. Some 607 million dollars was spent servicing debts over the first quarter, 435 million dollars of which went to repaying government-backed loans.


UNDP Nods $2m for National Dialogue

United Nation Development Program (UNDP) has signed an agreement with the Ministry of Finance and National Dialogue Commission, allocating 2.2 million dollars for the upcoming national discussion. Managed by an independent trust fund, and in addition to the annual budget allocated by the Ethiopian government, UNDP is looking to set up a financial buffer scheduling to raise 32.8 million dollars in support funds from development partners over the next three years. The Dialogue Commission was est...


Street Snack

The rainy season is going to be missed for at least one reason: boiled corn on the cob. As the customer captured here, it has been an enjoyable street food for the city's residents to keep them warm. More importantly, it was a livelihood for many street vendors. ...


Stair Shop

A shop and a shoeshine stall have been set up under the stairs of an overhead bridge. In the most crowded parts of Addis Abeba, there is always some type of vendor selling everyday goods, serving the lower-income population...