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EIB Opens Office in Ethiopia

European Investment Bank (EIB) opened its representative office on Thursday, July 16, 2015, in Ethiopia, the Reuters reported. The bank operates by lending money to water, energy and other state-run projects as well as to the private sector in Ethiopia. Pim van Ballekom, Vice President for Sub-Saharan Africa at the …

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Ethiopia, EU Sign Two Financial Agreements

Ethiopia and the European Union (EU) signed two financial agreements on July 17, 2015, worth 190 million Euros for the support of Ethiopia’s road sector and safety net programs, the Ethiopian News Agency reported. Ethiopian Minister of Finance and Economic Development, Sufian Ahmed and European Union Commissioner in Charge of …

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Genzebe Dibaba shatters 1500m World Record in Monaco

Ethiopian Genzebe Dibaba smashed the outdoor World Record for the women’s 1500m at the Meeting Herculis – IAAF Diamond League in Monaco on Friday night. The diminutive East African runner clocked an incredible 3:50.07 to set a new personal best and a Diamond League record, erasing Chinese Qu Yunxia‘s mark …

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EIB opens first office in Addis Ababa

At a ceremony held in Addis Ababa earlier today the European Investment Bank (EIB), Europe’s long-term lending institution, formally opened the bank’s first permanent representation in Ethiopia. The new office will lead engagement by the EIB, the world’s largest international public bank, both to support long-term infrastructure and private sector …

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Obama’s trip to Ethiopia: Economic highlights

In advance of President Obama’s trip to East Africa on July 23, the Africa Growth Initiative has prepared short travel companions on the economic environments in both Ethiopia and Kenya. The president’s visit to Ethiopia, a rapidly growing economy and the seat of the African Union, underpins the United States’ …

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