Business

Mamo Mihretu Named Governor of National Bank of Ethiopia as Part of Government Reshuffle

Mamo Mihretu, a former World Bank staffer and chief trade negotiator for Ethiopia at the World Trade Organization, has been appointed as the new Governor of the National Bank of Ethiopia (NBE). He replaces Dr. Yinager Dessie, who had held the position since June 2018. Mihretu recently served as the Chief Executive Officer of Ethiopian

January 20, 2023 • By Addis Insight

Business

World Bank pledges $ 195 million to support health sector in Ethiopia

The World Bank has provided $ 195 million to support the health sector in Ethiopia and to provide CV-19 vaccine to its citizens. Funding will also support Ethiopia’s efforts to make CV-19 vaccines available nationwide and rehabilitate conflict-affected public health facilities. In addition to helping the underprivileged health system in Ethiopia, the current funding will

June 7, 2022 • By Addis Insight

Business

Ethiopia to receive $200 million financial assistance from World Bank: official

Ethiopia is set to receive 200 million U.S. dollars in financial assistance from the World Bank, an Ethiopian official said Wednesday. “The funds will be used to build skilled manpower and boost the capacity of state-owned technical and vocational training institutes,” Ethiopian Minister of Labor and Skills Development Muferiat Kamil said in a Facebook post.

June 1, 2022 • By Addis Insight