Trending
- Abu Dhabi radiates optimism as over 300 startups join AIM Congress 2024
- TLcom Capital Raises $154 million in Funding to Boost Its African Growth
- Africa’s $824Bn debt, resource-backed opaque loans slowing growth — AfDB
- LB Investment brings $1.2 trillion portfolio display to AIM Congress spotlight
- AmCham Summit kicks off, setting course for robust future of US-East Africa trade ties
- Why the UN is raising the red flag on the UK-Rwanda asylum treaty
- Portugal’s Galp Energia projects 10 billion barrels in Namibia’s new oil find
- Wärtsilä Energy offers tips on how Africa can navigate energy transition and grid reliability
Browsing: EU Funding in Africa
Over the past years, Ethiopia has become one of the primary beneficiaries of the EU Trust Fund for Africa.
According to information from European Commission, in total, the value of EU development assistance to Ethiopia has averaged an estimated 214 Euro ($225 million) per year.
However, when Ethiopia was dragged down through the most gruesome internal political turmoil – the Tigray War – relations between the Horn of Africa and the EU was at an all-time low.
The EU followed close on the heels of Ethiopia’s close development partner, the United States, and threatened sanctions on the Ethiopian government in a deliberate attempt to quench the conflict. …