Archive for the ‘Aend-Ethiopia Radio’ Category

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Dec. 15 (Bloomberg) — The Commercial Bank of Ethiopia signed a memorandum of understanding with the Export-Import Bank of China for a $300 million credit facility, Ethiopia’s state- owned lender said.“The amount is to be used by the CBE whenever it needs it in the future,” Chief Business Development Officer Yishak Mengesha said in an e-mailed response to questions yesterday.The terms of the loan and interest rate will be negotiated later, he said. The money will help fund projects as part of the country’s five-year growth plan, according to Ethiopia’s Addis Ababa-based Foreign Ministry.The Horn of Africa nation plans to invest about $33 billion in industry and infrastructure by mid-2015. Projects include 10 sugar factories and a $4.8 billion hydropower plant on the Blue Nile river. The loan takes EXIM Bank’s lending to Ethiopia to more than $1.8 billion, according to the Foreign Ministry.The Chinese bank also plans to lend the government 1.7 billion birr ($98 million) for water-supply projects for the capital, Addis Ababa, the ministry said in an e-mailed statement on Dec. 9.–Editors: Gordon Bell, Alastair Ree To contact the editor responsible for this story: Paul Richardson at pmrichardson@bloomberg.net

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Africa AIDS Conference Opens in Ethiopia

An international conference on AIDS in Africa opens in Addis Ababa with an address by former U.S. president George W. Bush. He is being honored for his role in creating PEPFAR, the President’s Emergency Plan For AIDS Relief, the largest ever health initiative dedicated to fighting a disease.Former president Bush received a hero’s welcome Sunday during a brief stopover in Ethiopia. Amnesty International may be calling for his arrest, but in Ethiopia and many other AIDS afflicted developing countries, Mr. Bush is remembered for PEPFAR, which has pumped $39 billion into bilateral programs to fight HIV/AIDS, malaria and tuberculosis.Bush, his wife Laura Bush and daughters Jenna and Barbara visited St Paul’s Hospital and Medical College in Addis Ababa, where mothers living with HIV told how PEPFAR-funded programs had helped them deliver healthy babies.The famous human rights organization Amnesty International has asked the government of Ethiopia to arrest the former US President George W Bush for torturing prisoners in Guantanamo Bay after the Iraq War begun.

The Federal Democratic Republic of Ethiopia Government Diaspora policy

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[podcast]http://www.aend-ethiopia.com/wp-content/uploads/2011/mp3/aendethiopia12042011.mp3[/podcast]