African Dev’t Bank Supporting Operations With 1.3 Billion USD In Ethiopia, Says President

African Dev’t Bank Supporting Operations With 1.3 Billion USD In Ethiopia, Says President

• Business
• February 27, 2023

Addis Ababa /ENA/ February 24/2023 The African Development Bank (AfDB) has operations, largely in the energy, transport, water and sanitation, and infrastructure, worth about 1.3 billion USD in Ethiopia, African Development Bank Group President Adesina said.

In an exclusive interview with ENA, the AfDB president said among the exciting projects that the Bank is involved are special agro-industrial processing zones where you can process and add value to agricultural products.

The second one, is the regional power transmission line that goes all the way from here to Djibouti and also Somalia and even all the way to Sudan, Adesina said, adding that Ethiopia can now sell electricity to Kenya again.

Reference: ENA (February 24)