April 15

World Bank Loans Ethiopia $1.72 Billion for Power, Water Supply Expansion

By Dawit Endeshaw

The World Bank and Ethiopia have signed loan agreements totalling $1.72 billion to enhance electricity and water supply, as well as to facilitate the movement of food to markets, the finance ministry said on Friday.

The bank will allocate $523 million to expand the Horn of Africa nation’s electricity network and boost renewable energy generation, according to the ministry’s statement.

Photo courtesy of Linus Nylund.

Source: CNBC (link opens in a new window)

Investing, WASH
infrastructure, water