Ethiopia has secured billions of dollars in loans from China to support the African nation’s planned development projects. The projects include the construction of a light rail line in Addis Abeba and 200 buildings by the Ethiopian Housing Corp., installation of a new Ethio-Djibouti railway line, and purchase of nine vessels for Ethiopian Shipping Lines.

The European Union, for its part, contributed an additional 4.85 million euros (USD6.1 million) to help the Ethiopian Mine Action Office to demine lands in Tigray, Afar and Somali regions. The bloc previously contributed 9.75 million euros for the project.

Meanwhile, the Ethiopian Environmental Protection Authority has secured 200 million birr (USD14 million) from foreign funds and grants for the implementation of its proclamations, regulations and directives, which are necessary to enable Ethiopia to implement international conventions that it has ratified.

About the author

  • Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.