NEWS: Two foreign banks apply to establish new banking operations in Ethiopia

NEWS: Addis Ababa approves restructuring of transport, licensing and public enterprise oversight

NEWS: Afreximbank plans $280 million in additional Djibouti infrastructure financing

NEWS: Ethiopia reportedly plans vehicle price ceilings from October 20

NEWS: Addis Ababa restricts showroom vehicle sales to licensed dealers

NEWS: Ethiopia approves shift from fuel-vehicle import ban to tariff controls

NEWS: TDB eyes Ethiopian fertilizer project, but financing and timeline remain undisclosed

NEWS: Ethiopia records USD 23m AfCFTA trade as tariff schedules lag

NEWS: MIDROC signs machinery deal for 1.25m-tonne Metekel gold plant

NEWS: Ethiopia cuts foreign homeownership threshold to USD 100,000 in three regions

News - Transport

African Development Bank (AfDB) has approved a 214.47 million USD concessional loan package to finance the South Sudan-Ethiopia-Djibouti Transport Corridor Project

Dec 07, 2025

The AfDB approved 214.47 million dollars for phase two of the South Sudan-Ethiopia-Djibouti Transport Corridor.
Ethiopia receives the largest share at 181.5 million dollars, Djibouti 29.71 million dollars, and South Sudan 1.96 million dollars, with an additional 1.3 million dollars for South Sudan’s fragile state needs.
The project will build a 67Km expressway in Ethiopia, upgrade 18Km of road in Djibouti, and fund studies for 280Km of road in South Sudan.