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Canada provides $73.55 million in funding for drought-stricken countries in the Horn of Africa.

Canada provides $73.55 million in funding for drought-stricken countries in the Horn of Africa.

by AllureAdmin | Apr 29, 2022 | News

The Horn of Africa has suffered from severe drought conditions due to insufficient rainfall for two years. The affected people in Ethiopia, Somalia, and Kenyans rely heavily on crops and livestock for food and livelihood. To help with the drought, Canada offers $73.55...
Awash Bank is among the 2022 World’s Best Banks in Africa by Global Finance.

Awash Bank is among the 2022 World’s Best Banks in Africa by Global Finance.

by AllureAdmin | Apr 21, 2022 | Other

Global Finance selects Ethiopia’s Awash Bank as one of its 2022 World’s Best Banks in Africa. Awash Bank is among the largest private banks in Ethiopia, with over 446 branches across Ethiopia. It is the only financial institution from Ethiopia, and one of...
Ethiopia partners with POSCO, a South Korean steel manufacturer, to replace metal & metal products imports.

Ethiopia partners with POSCO, a South Korean steel manufacturer, to replace metal & metal products imports.

by AllureAdmin | Apr 19, 2022 | Business

Ethiopia partners with POSCO, a South Korean steel manufacturer, to replace metal & metal products imports. POSCO is involved in exports, imports, triangular trade, and domestic sales of steel products and is one of the largest steel manufacturers globally....
The Development Bank of Ethiopia plans to lend up to 19 billion ETB in interest-free loans.

The Development Bank of Ethiopia plans to lend up to 19 billion ETB in interest-free loans.

by AllureAdmin | Apr 12, 2022 | Business

The Development Bank of Ethiopia plans to lend up to 19 billion ETB in interest-free loans based on Sharia law to launch in July 2022. DBE set up a new specialized interest-free banking department to create guidelines to achieve this. DBE intends to loan the 19...
Ethiopia signs an MoU with the European Business Forum Ethiopia.

Ethiopia signs an MoU with the European Business Forum Ethiopia.

by AllureAdmin | Apr 11, 2022 | Business

The European Business Forum provides several opportunities to allow a more constructive and open dialogue with the Government of Ethiopia. It offers several options to allow a more productive and open dialog with the Government of Ethiopia. EUPFE provides a platform...
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