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[Jan 2018] OPEC Fund for International Development (OFID) Latest Ethiopian News | Ethiopian Business Directory & Portal - Addis Biz

Parliament Approves Five Loan Agreements which Total 16.3b Br

Parliament approved five loan agreements, with a total value of 16.3 billion Br on July 7, 2015, made between the Ministry of Finance & Economic Development (MoFED) and different developmental partners to finance various projects.

Three of the approved loan agreements are for road projects whereas the two are for agriculture and water supply projects.

The largest loan of 408 million dollars is for the construction of two roads. One of the roads is a 60Km road extending from Shambu, in the Wellega, west of Lake Fincha,

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Ethiopian Roads Authority Awards 4.8b Br Projects

Ethiopian Roads Authority (ERA) has awarded a 4.8 billion Br project to four companies, one local and three foreign, and subsequently signed a contract on March 21, 2015.

Two of them are in the Amhara regional state whereas the remaining two are in the Oromia and Southern regional states.

Three of the projects will be fully financed by the Ethiopian government and the other will be financed in collaboration with the Arab Bank for Development in Africa and OPEC Fund for International Development (OFID).

Of these, a

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