World Bank Group Latest Ethiopian News

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Ministry of Innovation and Technology to implement USD 200 million digital project

The Ministry of Innovation and Technology (MiNT) finalized its preparations to implement an Ethiopian digital foundation project worth USD 200 million. It aims to boost Ethiopia’s competitiveness in the digital sector through increased inclusion and affordability of digital services and digital job creation.

The World Bank has already given a green light and is expected to wholly finance the project, while the Ministry has met the preconditions needed during the implementation period.

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IFC invests 50ml Eur in Habesha Breweries for local sourcing

The International Finance Corporation (IFC) announced an investment of up to € 50 million in Habesha Breweries S.C. in a press release earlier this week. The sizeable loan from IFC – a member of the World Bank Group – is intended to help the expansion of Habesha Breweries operations, create 500 jobs and increase local barley sourcing from smallholder farms.

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Products and Services in Ethiopia

Date: Oct 21, 2021
Currency (Code)Buying RateSelling Rate
US DollarUS Dollar(USD)46.880447.8180
EuroEuro(EUR)54.536055.6267
Pound SterlingPound Sterling(GBP)61.586762.8184
UAE DirhamUAE Dirham(AED)11.549411.7804
Saudi RiyalSaudi Riyal(SAR)11.311111.5373
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