Search

UK backs Ethiopia reforms with $400mn power-grid push

Maintenance of electricity transmission lines. Photo by Mario Spencer @ Unsplash
Maintenance of electricity transmission lines. Photo by Mario Spencer @ Unsplash
  • UK pledges £17.5m to strengthen Ethiopia’s investment governance
  • $400mn private-backed grid projects target power access, exports

 

ADDIS ABABA, ETHIOPIA – Ethiopia and the United Kingdom have signed agreements to strengthen economic governance and unlock private investment in power transmission as Addis Ababa seeks to stabilise reforms and position itself as a regional electricity hub.

The package centres on a second phase of the Ethiopia Investment Advisory Facility, offering up to £17.5m ($22m) in UK-funded technical assistance over four years to improve public investment and asset management.

  • UK pledges £17.5m to strengthen Ethiopia’s investment governance
  • $400mn private-backed grid projects target power access, exports

 

ADDIS ABABA, ETHIOPIA - Ethiopia and the United Kingdom have signed agreements to strengthen economic governance and unlock private investment in power transmission as Addis Ababa seeks to stabilise reforms and position itself as a regional electricity hub.

The package centres on a second phase of the Ethiopia Investment Advisory Facility, offering . . .

This article is free to read.

Sign up for free or sign in to continue
reading. Unlike our competitors, we don't force you to pay
to read the news but we do need your email address to
make your experience better.

Create your free account or sign in


By signing in, you agree to receive Allen Dreyfus newsletters and updates. You can unsubscribe at any time.

Recent Business

Minerals. Photo by Craig Thomas @ Unsplash
Australian miner Lindian secures rare earths buyer for Malawi project
Read More »
Aliko Dangote, Africa's richest businessman. Photo @ Africa CEO Forum
Dangote's IPO draws billions. Why aren't African markets integrated?
Read More »
Food items on sale. Photo by Viki Mohamad @ Unsplash
Ghana's economy expands, but can farmers keep pace?
Read More »

Recent Politics

Foodstuff being moved to the market in Accra, Ghana. Photo by Zeal Creative Studios @ Pexels
Nigeria’s poor spend beyond earnings. Can reforms deliver?
Read More »
Fuel tanker truck navigating city roads. Photo @ Pexels
Can West Africa afford its rising fuel subsidies?
Read More »
Photo by Fran Ben @ Pixabay | Senegal
Can Senegal’s budget revolt derail its IMF rescue?
Read More »

Latest Posts

Latest news insights