Source: Xinhua| 2017-09-13 02:21:13|Editor: yanVideo Player CloseADDIS ABABA, Sept. 12 (Xinhua) -- The African Development Bank (AfDB) on Tuesday commended Ethiopia's utilization of funds in undertaking development projects in various sectors. The OSBP is an ultra-modern facility that will facilitate trade between Ethiopia and Kenya and by extension the whole of East Africa Community (Tanzania, Uganda, Rwanda and Burundi) and Eastern DR Congo, it was noted. The executive director further commended the improvement as part of the nationwide electricity transmission lines, which was funded with a 200 million U.S. dollars facility by the Bank. In addition to the Kenya-Ethiopia energy project, the Bank also funded the construction of transmission lines taking power from Ethiopia to Djibouti. These regional integration projects will earn Ethiopia foreign currency through exports of energy products, he stated.

Source: Ethiopian News September 12, 2017 18:33 UTC