Ethiopian officials have succeeded in winding up a deal with their counterparts in China that involves a 1.4 billion dollars in loans, which will be used to finance the national railway project, sources disclosed to Fortune.
A team comprising officials from the Ministry of Finance & Economic Development (MoFED) and the National Bank of Ethiopia (NBE) returned last week fromBeijing, the capital of the red nation, concluding what is described as a milestone agreement for the loans. However, details on the period of the loan and interest to be paid are hard to come-by.
...
AllAfrica Subscription Content
You must be an allAfrica.com subscriber for full access to certain content.
You have selected an article from the AllAfrica archive, which requires a subscription. You can subscribe by visiting our subscription page. Or for more information about becoming a subscriber, you can read our subscription and contribution overview.
For information about our premium subscription services:
You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page »
Already a subscriber? Sign in for full access to article