AFRICA FINANCE CORPORATION (AFC) SECURES US$300 MILLION LOAN FROM THE EXPORT-IMPORT BANK OF CHINA TO BOOST TRADE FINANCE IN AFRICA
Africa Finance Corporation, the leading infrastructure solutions provider on the continent, today announced the successful signing of a US$300 million loan facility agreement with the Export-Import Bank of China (CEXIM). This landmark agreement, signed on the sidelines of the Asian Infrastructure Investment Bank (AIIB) Annual meetings in Egypt, is poised to drive increased trade finance …
Ethiopian Airlines Announces Three Additional Weekly Flights To China’s Guangzhou
Ethiopian Airlines today announced three additional weekly flights to and from China’s city of Guangzhou. It is known that the Airline operates eight times weekly flights to and from China’s fifth most populous city, Guangzhou to date. The three new additional flights will increase the number of Ethiopian Airlines’ weekly flights to Guangzhou from seven …
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Development Bank of Ethiopia Set to Provide 20 Billion Birr Loan for SMEs
The Development Bank of Ethiopia has set to provide more than 20 billion Birr loans to Small and Medium enterprises (SMEs) during the current Ethiopia fiscal year. In countries such as Germany, South Korea, China, and Japan Small and Medium Enterprises (SMEs) are the starting point of their large economies. According to a study conducted …
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Ethiopian Forestry Dev’t, Chinese Forestry University Agree to Develop Bamboo Industry in Ethiopia
The Ethiopian Forestry Development and China’s Nanjing Forestry University have agreed to strengthen cooperation on the development of the bamboo industry in Ethiopia. The bamboo plant has vital economic value in addition to its contribution to sustainable land management and promoting a green economy. The Chinese are a pioneer in the exploitation of bamboo. In …
Huawei, MaMa Doing Good Partner To Empower Kenyan Women with Digital Skills
Huawei Kenya, a renowned global leader in information and communication technology (ICT) infrastructure and smart devices, has forged a groundbreaking partnership with MaMa Doing Good, a prominent non-government organization led by First Lady Rachel Ruto. The alliance aims to empower Kenyan women by providing them with essential digital skills and bridging the digital divide that often hampers their economic …
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China-Backed Ethio-Djibouti Railway Providing Crucial Economic, Social Benefits: Firms
The Ethio-Djibouti railway, part of the Belt and Road Initiative flagship infrastructure project for the African continent, has been providing economic and social benefits to the people of Ethiopia and Djibouti, Chinese companies stated. The Belt and Road Initiative is a global infrastructure development strategy adopted by the Chinese government in 2013 to connect Asia …
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YANMAR, Osaka CCI Invited To Explore Trade, and Investment Opportunities In Ethiopia
Ethiopian Ambassador to Japan, Dhaba Debele, has invited Japan’s YANMAR Co. Ltd and Osaka Chamber of Commerce and Industry (OCCI) to explore trade and investment opportunities in Ethiopia and closely cooperate with relevant stakeholders from the East African country. Ambassador Dhaba held a discussion with Mr. Akihiko Hiraoka, Chief Marketing Officer of Yanmar Agribusiness Co., …
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