Ethiopia sources $720mn in financing for road infrastructure project ...United Arab Emirates

In a bid to improve road travel between Addis Ababa and Djibouti, the International Development Association (IDA) will lend Ethiopia US $720mn to develop necessary infrastructure. The financial package aims to improve the flow of goods and people between Addis and Djibouti, Ethiopia’s main outlet to the Indian Ocean and world markets. Around 95% of Ethiopia’s external trade is said to use the Djibouti corridor. The IDA is the division of the World Bank that deals with very impoverished countries. The World Bank notes that the initiative will be “a catalyst for commerce, assisting businesses to trim their overheads and strengthen linkages to regional and global value chains”. “This project i

Read More Details
Finally We wish PressBee provided you with enough information of ( Ethiopia sources $720mn in financing for road infrastructure project )

For more, read the news from the source

Also on site :

MARK ALMOND: The lesson from history to everyone hoping to topple Iran's mullahs: Be careful what you wish for!
Tattle Life trolls called me fat and ugly - then they went after my husband and daughter and found out where I lived
Fallers at the first! Royal Ascot racegoers look worse for wear after opening day of festival where champagne sells for up to £560 a bottle

Ethiopia sources $720mn in financing for road infrastructure project ...United Arab Emirates

Gone in 20 seconds: Moment thieves steal a car in less than half a minute for £5,000 fee before mocking victims with 'go and buy another one' rant

IRGC :Fateh Missiles Conveyed A Message Of Iran’s Power To Tel Aviv’s Ally

The outbreak of violence at Kabaddi tournament that sparked cartel-style execution of DPD driver - and how 'honour' could have been to blame

34 Palestinian Citizens Martyred & Dozens Wounded In Gaza

Egypt, Serbia trade surges over threefold to $300M in 2023

Breakthrough in Air India plane crash probe as investigators reveal doomed flight could have been running on emergency power supply when 'both engines failed' during takeoff

Crowds of Kneecap fans waving Palestinian flags mob court as rapper Mo Chara is bailed after being charged with terrorism offence 'for displaying Hezbollah flag'

U.S.-Based VXI to boost investments in Egypt to $135 Million by 2028

Iranian police: 14 Drones Destroyed, Several Explosives Workshops Uncovered

Two fugitives who are wanted for murder and child rape in Brazil are allowed to stay in Britain after using human rights laws to avoid extradition

Man who was 'tortured to death' in his own home was discovered naked in his hallway with ankles bound with duct tape, court hears

Retired banking boss has legal ding-dong with Parliament's chief bell-ringer for ripping out front gate to his £2m west London home on day he moved in

Two fugitives who are wanted for murder and child rape in Brazil are allowed to stay in Britain after using human rights laws to avoid extradition

Tattle Life trolls called me fat and ugly - then they went after my husband and daughter and found out where I lived

Manhunt after woman, 69, is murdered in London home 'for her diamond encrusted Rolex watch'

Egypt approves Chinese State Grid proposal for 2 major solar power projects