Ethiopian Energy^Power Business Portal

The International Finance Corporation (IFC), best known as the private sector arm of the World Bank Group, has inked agreements to guarantee Ethiopia’s global trade, mostly involving import bills.  The global trade financing scheme agreement was signed between the IFC and the National Bank of Ethiopia (NBE), in the presence of Phillipe Le Houerou, Chief Executive Officer of the IFC. 

During the signing, Le Houerou said that Ethiopia will have a guaranteed import while the amount of the trade financing will depend on the scale and capacity of local banks. Singing the agreements, Yinager Dessie (PhD), governor of NBE said that the global trade financing comes at a time when the country is being tested with acute shortage of hard currency. 

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s2smodern

የመንግስትን የግዥና የፋይናንስ ስርዓት በቴክኖሎጂ ለመደገፍ የሚያስችል አሰራር በዛሬው ዕለት ይፋ ተደረገ። ኤሌክትሮኒክስ የመንግሥት ግዢ ሥርዓት (e-GP) እና የአፈፃፀም ስትራቴጂ አሰራሩ የቴክኖሎጂ እና ኢኖቬሽን ሚኒስቴር ከመንግሥት ግዢና ንብረት አስተዳደር ኤጀንሲ ጋር በመተባበር ነው ያዘጋጁት።

የመንግስትን የግዥና የፋይናንስ ስርዓት በቴክኖሎጂ ለመደገፍ የሚያስችል አሰራር በገንዘብ ሚኒስቴር በተካሄደ ሥነ ሥርዓት ይፋ ይፋ የተደረገው። አሰራሩን በሌሎች የመንግስት መስርያ ቤቶች ለማስፋፋት የሚያስችል ስምምነትም የኢኖቬሽን እና ቴክኖሎጂ ሚኒስቴርና የመንግስት ግዥ እና ንብረት አስተዳደር ኤጄንሲ ተፈራመዋል። ስምምነቱን የኢኖቬሽን እና ቴክኖሎጂ ሚኒስትር ዶክተር ኢንጂነር ጌታሁን መኩርያ እና የመንግስት ግዥ እና ንብረት አስተዳደር ኤጄንሲ ዋና ዳይሬክተር ወይዘሮ ማርታ ሌዊጂ ፈርመውታል።

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s2smodern

The African Development Bank has launched the Africa Energy Portal (AEP) at the Africa Investment Forum in Johannesburg.

Building a Knowledge Base to De-Risk the Energy Sector in Africa,” brought together investors, policy makers and government officials for a presentation of the new initiative on Friday 9 November, the final day of the Forum. The AEP portal, hosted at http://africa-energy-portal.org, will consolidate, validate, and disseminate energy data and insights across Africa’s energy value chain, covering generation, transmission, distribution, regulation and policy.

 The AEP is designed to address a lack of information in the sector, by providing a one-stop-shop for accurate, reliable, relevant, and up-to-date information on energy in Africa. This will include statistics on investment flows and deals, as well as the socio-economic outcomes of power projects.

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s2smodern

At midday Friday, of 61 transactions valued at US$40.4 billion tabled for discussions in boardroom sessions, 45 deals worth over US$32 billion secured investment interest. Final numbers will be disclosed in the coming days.

The curtain fell on a three-day marathon investment marketplace, on Friday, with transactions worth billions of dollars sealed. The Africa Investment Forum ended on a high note with the closing panel comprising heads of Development Finance Institutions (DFIs) unanimously lauding the unique initiative, calling it an exceptional gathering that “exceeded all expectations.”
President of the African Development Bank, Akinwumi Adesina told the more than 1,000 delegates, “The needle is shifting, pointing to the right direction, pointing to Africa. I am thankful for the investors, I am thankful for the confidence they have in Africa. Africa has grown up. Africa is not going to be developed by aid. It will be developed by investment and I think you are beginning to see it.¨

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s2smodern