U.S. International Development Finance Corporation (DFC) Visits Ethiopia to Discuss New Program to Advance Financing Solutions

Content provided by APO Group. CNBC Africa provides content from APO Group as a service to its readers, but does not edit the articles it publishes. CNBC Africa is not responsible for the content provided by APO Group.
Download logo

Adam Boehler, Chief Executive Officer of the U.S. International Development Finance Corporation (DFC), visited Ethiopia November 13-14 to promote U.S. investment in Ethiopia and strengthen relationships with key partners in support of mutual development goals.

The visit marks Boehler’s first official travel to Ethiopia as CEO of the DFC, a new U.S. Government agency that combines and modernizes the Overseas Private Investment Corporation (OPIC) and USAID’s Development Credit Authority (DCA). Equipped with a more than doubled investment cap of $60 billion and new financial tools, DFC has more resources to mobilize private sector capital to address development challenges and advance U.S. foreign policy in priority regions such as Sub-Saharan Africa.

Boehler met with President Sahle -Work Zewdie, Prime Minister Abiy Ahmed, National Bank of Ethiopia Governor Dr. Yinager Desse, Minister of  Finance Ahmed Shide, Minister of Water, Irrigation and Energy Dr. Sileshi Bekele and leaders from the private sector, to discuss DFC’s approach to mobilize private capital to invest in projects that create jobs and opportunity in emerging markets.

“We are prepared to make multi-billion-dollar investments in Ethiopia and its people,” CEO Adam Boehler said. “This collaboration is an opportunity for Ethiopia and the United States to strengthen our relationship around the shared goal of economic growth and prosperity.”

Distributed by APO Group on behalf of U.S. Embassy Addis Ababa, Ethiopia.

Related Content

AfDB forecasts Africa’s growth in 2021

Updated forecasts from the African Development Bank show that Africa’s growth is expected to rebound to 3 per cent by 2021 from a 3.4 per cent contraction in 2020 in the worst-case-scenario. Hanan Morsy, Director for Macroeconomic Forecasting and Research at the AfDB joins CNBC Africa for more.

City Lodge faces resistance to its R1.2bn rights issue. Here’s why

In the wake of COVID-19 many listed companies have offered rights issues in order to raise capital during these trying times, but according to Oasis Asset Management there are good and bad equity issuances. Joining CNBC Africa for more is Adam Ebrahim, CEO of Oasis Asset Management.

Surgo Foundation: Why a young population is Africa’s best defence against coronavirus

Africa’s young population is the best defence against the COVID-19 pandemic, as the COVID-19 mortality rate for key populations has shown age as a factor for hospitalizations. This is according to the latest study by the Africa COVID-19 Community Vulnerability Index; CNBC Africa spoke to Dr. Sema Sgaier, Executive Director at the Surgo Foundation for more.

Professor Shabir Madhi gives update on SA’s first COVID-19 vaccine trials

It’s been almost three weeks since South Africa’s first COVID-19 vaccine trials began, we will be unpacking more on the progress of these trials as well as the latest emerging evidence brought to the attention of the World Health Organization regarding the airborne transmission of COVID-19. Joining CNBC Africa for more is Shabir Madhi, Professor of Vaccinology at the University of Witwatersrand.

Subscribe to our newsletter

Sign up for free newsletters and get more CNBC AFRICA delivered to your inbox

More from CNBC Africa

Jambojet set to resume domestic flights on July 15

Jambojet gears up for local flight resumption; lower oil imports and higher tea exports spell current account improvement and the Central Bank invites bids for millions in treasury bonds. Journalist, Joseph Bonyo joins CNBC Afric for more.

Chamber launches business clinics to support women-led businesses

Rwanda’s women entrepreneurs arm under the private sector federation body has launched a series of business clinics with the aim of supporting women-led businesses affected by the Covid-19 pandemic. CNBC Africa spoke to Agnes Samputu, Executive Director of the Rwanda Chamber of Women Entrepreneurs for more.

Rwanda leverages on technology in the fight against COVID-19

Rwanda Biomedical Centre has established a new Covid-19 testing laboratory in Rubavu district with capacity of running 400 Covid-19 samples per day to help contain the pandemic in the area. This is the second testing lab established in Western Province after Rusizi District with capacity of running 500 samples per day. CNBC Africa's Fiona Muthoni had a conversation with Dr. Nsanzimana Sabin, Director General of RBC.

WHO sets up panel to review handling of COVID-19 pandemic

The announcement follows strong criticism by U.S. President Donald Trump’s administration, which accused the WHO of being “China-centric”, and U.S. formal notification on Tuesday that it was withdrawing from the U.N. agency in a year’s time.

Partner Content

Maktech’s Godwin Makyao: Now Is A Time of Entrepreneurial Opportunity in East Africa

As an executive decision-maker in both the telecommunications and tourism industries, Godwin Makyao could not have experienced a more diverse set of...

Sanlam launches urgent job-preservation initiative in response to COVID-19

Sanlam Investments is responding to the COVID-19 pandemic through large-scale support of the recovery of South African companies, from small enterprises to...

Trending Now

Dow, S&P 500 end lower on fears over surging virus cases but Nasdaq hits record high

he Nasdaq hit another record high, however, helped by gains in Amazon.com (AMZN.O), Microsoft Corp (MSFT.O) and Apple Inc (AAPL.O).

Eskom goes after contractors over R4bn Kusile over-payment

One of the power stations that were meant to be the saviour of South Africa’s power supply is causing controversy, even before it’s in full working order. In an explosive letter, Public Enterprises Minister Pravin Gordhan named contractors that he says Eskom over-paid by R4 billion, in the construction of Kusile power station. Sikonathi Mantshantsha, National Spokesperson of Eskom joins CNBC Africa for more

Does the Competition Competition have capacity to clamp down on COVID-19 profiteering?

As South Africa sees a surge in COVID-19 infections, consumers are increasingly faced with overpriced products on the shelves. The Competition Commission continues to receive complaints, from customers who are already feeling the pinch. The question is, does the Competition Competition have the capacity to clamp down on price gouging? Joining CNBC Africa for this discussion is Makgale Mohlala, Head of Cartels at the Competition Commission and Shawn van der Meulen, Partner at Webber Wentzel.

Uganda’s central bank may cap commercial bank interest rates

KAMPALA (Reuters) - Uganda’s central Bank (BoU) has threatened to cap the interest that commercial banks can charge borrowers, after the industry...
- Advertisement -