| Dear Wanabidii Africa Mashariki, The following new content has been been added to our website: Press Releases
15/12/2016 - The Board of Directors of the African Development Bank (AfDB) has approved a financing package of USD 159 million to partly finance Ethiopian Airlines' expansion plan and fleet modernization program. The package comprises two tranches, with the first tranche (85% of the financing) being covered by African Trade Insurance, Africa's export credit agency, which will be providing credit risk insurance to the transaction. The investment is a reflection of the Bank's new strategic thrust to achieve its five operational priorities and is rooted on the necessity to integrate Africa and improve air connectivity in the continent. Categories: Ethiopia, Transport
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