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
-
Togo Set to Adopt New Labour Agreement After Employers, Unions Strike Deal
05:31
-
Togo’s Gnassingbé to Hold Cooperation Talks With Putin in Moscow
05:26
-
Algeria Hires Sinopec for $437M Arzew Refinery Unit to Double Gasoline Output
05:19
-
Kenya Announces $850M Development Push for Eastern Counties
05:12
-
Tanzania’s Hassan Reshuffles Cabinet After Landslide Election Win, Drops Seven Ministers
05:02
-
Short Hours, Low Earnings, Wasted Skills: The ILO’s Definition of Underemployment in Africa
04:52
-
Cocoa Prices Fall Sharply at Douala Port, Pressuring Farmer Incomes
02:56
-
Cameroon Activates Sovereign Guarantee to Help Firms Secure CFA26.9bn from BDEAC
02:51
-
BCEAO Launches Developer Sandbox for Instant Payments
15:56
-
Togo Begins Nationwide Campaign to Enroll Non-Salaried Workers in Health Scheme
12:13
DRC met Alibaba, Isoftstone to discuss adapting China’s e-commerce model Joint working group ...
The new unified platform replaces the NIBSS Instant Payments system. It connects banks, finte...
DRC minister visited Huawei China center to boost AI training cooperation Talks focused on launch...
Ghana to allocate $2.8B in 2026 budget for major road infrastructure push Funding targ...
Somalia and Algeria signed multiple agreements covering education, agriculture, energy, diplomacy,...
Sonatrach signs $437M deal with Sinopec for Arzew refinery upgrade New unit to boost gasoline output from 550,000 to 1.2M tonnes yearly...
Ruto announces $850M plan for housing, roads, and markets in three counties Funds to build 44,000 homes, upgrade 600 km of roads, complete a...
President Hassan appoints new 56-member cabinet after landslide re-election Seven ministers ousted; ex-ambassador Omar named new finance minister...
Economists use underemployment to better assess Africa's labor conditions ILO defines two types: too few hours and low-pay, low-productivity work...
Singita will invest $60m to build a 60-bed lodge on Santa Carolina Island and $42m in projects across the Bazaruto Archipelago. The...
The Okapi Wildlife Reserve, located deep within the Ituri Forest in the northeastern Democratic Republic of Congo, stands as one of the Congo Basin’s most...