Germany announces €120mln covid-19 fund for Ethiopia
Monday, 04 May 2020 15:34
Germany announced a €120 million support package to help Ethiopia face the impact of the coronavirus pandemic. The information was revealed on April 30 by the Ethiopian News Agency (ENA).
The program is aimed at supporting the African country’s macroeconomic stability and safeguarding jobs in the textile industry. Part of the money will also be used to purchase medical products, in collaboration with the World Health Organization.
According to the German Embassy in Ethiopia, the investment falls within the partnership signed in December 2019 between the two countries to support Ethiopia’s ambitious economic reform program. The partnership targets the sectors of infrastructure investment, agriculture, and energy.
The International Monetary Fund saw Ethiopia’s growth at 3.2% in 2019-20 due to the pandemic, after 9% in 2018-19. The latest official data from May 3, reported a total of 133 covid-19 cases in Ethiopia, with 3 deaths and 69 recovered patients.
André Chadrak
Additional Info
- communiques: Non
- couleur: N/A
Live News
-
Seven African Countries Targeted in U.S. Forced Labor Probe
09:06
-
UCCAO Opens CFA1.05 Billion Coffee Processing Facility to Expand Local Value
08:58
-
Madagascar Names Rajaonarison Ruffin as New Prime Minister
08:37
-
U.S. Seeks Morocco Fertilizer Supply Amid Middle East Disruptions
05:59
-
Atlantic Lithium Targets $16.4 Million Raise for Ghana Lithium Project
05:58
-
Gabon Plans Digital Data Center to Improve Timber Traceability
02:45
-
Cameroon’s Labogexp Wins BEAC Contracts for New Regional Branch Projects
19:09
-
Cameroon Waives Duties on Solar, Water, and Biomass Equipment to Spur Investment
19:07
-
Cameroon Customs launches mobile device duty system to recover lost revenue
19:03
-
Togo raises cement quality requirements to improve market standards
17:55
Togo parliament adopts WAEMU law against currency counterfeiting Bill defines offences including ...
Since its 2019 IPO, Airtel Africa paid Deloitte over $37 million in audit and non-audit fees,...
CCR-UEMOA presents mid-term review of private sector competitiveness efforts Reforms, AfCFTA trai...
World Bank announces $137 million to boost West Africa digital economy Program expands broad...
ECOWAS is proposing a regional digital platform for passengers to file and track complaints online...
Seven African countries are part of a U.S. investigation into forced labor practices The probe could affect trade ties under frameworks like...
President Michael Randrianirina appointed Rajaonarison Mamitiana Jeannot Ruffin as Prime Minister on March 16. Ruffin becomes the second prime minister...
The United States is exploring Morocco as an alternative fertilizer supplier amid Middle East disruptions. About 22% of U.S. fertilizer imports,...
Atlantic Lithium secured agreements to raise $16.4 million to fund development of the Ewoyaa lithium project in Ghana. Ghanaian investors could...
Event highlights growing role of diaspora entrepreneurs across multiple sectors Networks support trade, investment and SME...
Afreximbank launches Impact Stories season two highlighting trade-driven transformations Series features projects across Africa and Caribbean, from...