Addis Ababa Among Rare African Pioneers In Long-term Debt Financing Model: World Bank

According to The Reporter Ethiopia, Addis Ababa is among few cities in Sub-Saharan Africa outside South Africa to finance substantial foundational physical infrastructure through long-term contractual borrowing, underscoring the broader scarcity of municipal debt financing across the region, according to a World Bank report. Titled Sub-Saharan Africa’s Urban Awakening: Catalyzing Economic Growth and Job Creation , the report identifies the Ethiopian capital as a rare example of a municipality successfully leveraging long-term borrowing to fund urban development on a meaningful scale.