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Ethiopia's debt: an economic and political liability


Ethiopia’s debt: an economic and political liability
May 16, 2021
But the economic headwinds are equally strong—and they have the potential to compound political dilemmas.
As part of the state-led developmental project pursued by the Ethiopian Peoples’ Revolutionary Democratic Front (EPRDF), most intensively after 2010, the government invested big, both directly and through state-owned enterprises (SOEs).
While the injected capital—mainly to finance infrastructure— produced impressive economic growth, the model was heavily reliant on debt. The sustainability of this formula depends both on realizing returns that are higher than the contracted interest rates and securing foreign exchange with which to repay interest and principal. ....

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Railway Corporation, Chinese Company Sign MOU to Develop Infrastructures


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Railway Corporation, Chinese Company Sign MOU to Develop Infrastructures
© Provided by Ethiopian News Agency (ENA)
rail way MOU
Addis Ababa, January (2/2021) Ethiopian Railway Corporation and China Civil Engineering Construction Corporation (CCECC) signed a Memorandum of Understanding (MOU) to develop infrastructures connecting the national railway line with Awash Petroleum Depot.
According to Ministry of Transport, the agreement will connect the National Railway to the Awash National Petroleum Depot, which is capable of holding up to 130,000 cubic meters of fuel.
The agreement also include the construction of facilities vital for loading and unloading services in the project area.
The construction of the whole project is expected to consume close to 55 million USD which is going to be covered by the government of Ethiopia. ....

Addis Ababa , Ethiopian Railway Corporation , National Petroleum Depot , Petroleum Depot , National Railway , China Civil Engineering Construction Corporation , Awash Petroleum , Awash National Petroleum Depot , Addis Ababa Djibouti , எத்தியோப்பியன் ரயில்வே நிறுவனம் , தேசிய பெட்ரோலியம் டிப்போ , பெட்ரோலியம் டிப்போ , தேசிய ரயில்வே , சீனா சிவில் பொறியியல் கட்டுமானம் நிறுவனம் , விழிப்பு பெட்ரோலியம் , விழிப்பு தேசிய பெட்ரோலியம் டிப்போ ,

Nigeria: Lagos Light Rail - 17 Years After, Failed Promises, Rot, Neglect Trail Project

Nigeria: Lagos Light Rail - 17 Years After, Failed Promises, Rot, Neglect Trail Project
allafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from allafrica.com Daily Mail and Mail on Sunday newspapers.

Binshangul Gumuz , Lagos Lagoon , Lagos Island , Nigeria General , Egypt General , Al Qahirah , El Marg , Addis Ababa , Lagos State , Victoria Island , Orile Iganmu , Alaba Suru , Akinwunmi Ambode , Banji Alade , Babatunde Gbadamosi , Babajide Sanwo Olu , Babatunde Fashola , Muhammadu Buhari , Bola Tinubu , Suuru Alaba , Adly Mansour , Gbenga Omotoso , Hakeem Bello , Lagoslightrail Nigeriapic , Kelechukwu Ogu , Lateef Jakande ,

Lagos Light Rail: 17 years after, failed promises, rot, neglect trail project


Lagos Light Rail: 17 years after, failed promises, rot, neglect trail project
More than a decade since the construction of the Lagos Light Rail has commenced, it has failed to see the light of the day.
10 min read
The poor state of the road, occasioned by the neglect of the 27km-long Marina-Okokomaiko section of the Lagos light rail project, mirrors the rot that is beneath the façade of “excellence” which successive governments in Lagos have continued to pride themselves with since 1999. While similar projects elsewhere have since been built and expanded beyond their original corridors, the Lagos light rail has suffered neglect after 17 years of failed promises. Again, apart from the accountability issue raised in connection with the discrepancies in the funding costs, the failure of the government to complete the rail project in almost two decades has had negative effects on the socio-economic life of Lagos residents. ....

Binshangul Gumuz , Lagos Lagoon , Lagos Island , Nigeria General , Egypt General , Al Qahirah , El Marg , Addis Ababa , Lagos State , Victoria Island , Orile Iganmu , Alaba Suru , Babajide Sanwo Olu Eiynixkxcaejphb , Akinwunmi Ambode , Banji Alade , Akinwumi Ambode , Babatunde Gbadamosi , Babajide Sanwo Olu , Babatunde Fashola , Muhammadu Buhari , Bola Tinubu , Suuru Alaba , Adly Mansour , Gbenga Omotoso , Hakeem Bello , Lagoslightrail Nigeriapic ,