Addis-Djibouti corridor

The World Bank has approved a $730 million project to upgrade the Addis Ababab-Djibouti corridor, a vital trade route and a lifeline for Ethiopia’s economy. The Regional Economic Corridors Project, endowed with a grant from IDA, aims to improve regional connectivity and logistics efficiency in Ethiopia along the key trade route connecting Ethiopia to the port of Djibouti. “Improved regional connectivity and trade are essential to unlocking Ethiopia’s economic potential,” said Finance Minister Ahmed Shide….