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Ethiopia’s PM inaugurates Africa’s ‘largest’ cargo terminal Ethiopia’s Prime Minister Hailemariam on Thursday inaugurated the country’s newest cargo terminal, built at a cost of €110 million.Meanwhile, Group CEO Ethiopian Airlines Tewolde Gebremariam has said the new cargo terminal, which is the largest in Africa, will put Ethiopian among the 10 world’s best airlines in cargo and logistics services. Speaking on the occasion of the inauguration ceremony, the Ethiopian prime minister called on other African airlines to join hands with Ethiopian airlines to address bottlenecks of the air cargo industry in the continent. According to the premier, the new cargo terminal will have an immense role in boosting the country’s export of footwear, leather and pharmaceuticals, as well as horticultural produce.
By Staff FTW online News F ollowing a meeting with G20 finance ministers and central bank governors, World Bank Group president, Jim Yong Kim, has announced a record US$57 billion in financing for sub-Saharan African (SSA) countries over the next three fiscal years. The bulk of the financing – $45 billion – will come from the International Development Association (IDA), the World Bank Group’s fund for the poorest countries. The financing will include an estimated US$8 billion in private sector investments from the International Finance Corporation (IFC) – a private sector arm of the World Bank Group – and US$4 billion in financing from International Bank for Reconstruction and Development, its non-concessional public sector arm. “This represents an unprecedented opportunity to change the development trajectory of the countries in the region. With this commitment, we will work with our clients to substantially expand programs in education, basic health services, clean wate...
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