Ethiopia signed a financing agreement for 130 million euros with the European Union Commission for investments in job creation, energy and manufacturing. The agreement was signed between Neven Mimica, commissioner for International Cooperation & Development, and Foreign Affairs Minister Workneh Gebeyehu (PhD). Job creation will take up 50 million euros, while 35 million euros will be used for sustainable energy and the rest for the establishment of agro-industrial parks. The EU’s development cooperation portfolio in Ethiopia is one of the largest in Africa and the world. For the period between 2014-2020, 715 million euros worth of financing agreements were signed. Ethiopia is also one of the beneficiaries of the EU Emergency Trust Fund, a fund established to address the causes of migration and irregular displacement. The EU is providing humanitarian assistance to refugees and internally displaced people in the country, which has amounted to 381 million euros for the four years since 2014.
November 27 , 2021
Against my will, I have witnessed the most terrible defeat of reason and the most sa...
November 20 , 2021
Leaders of the warring parties in Ethiopia`s year-old militarised conflict may think...
November 13 , 2021
Plans and reality do not always gel. They rarely do in a fast-moving world. Every act...
November 6 , 2021
Prime Minister Abiy Ahmed (PhD) stood to attention last week and saluted the high mil...
November 27 , 2021
Against my will, I have witnessed the most terrible defeat of reason and the most sa...
November 13 , 2021
Plans and reality do not always gel. They rarely do in a fast-moving world. Every act...
October 16 , 2021 . By HAWI DADHI
Residing in a country with no capital market, an organised marketplace for trading se...
August 28 , 2021 . By HAWI DADHI
The streets of Addis Abeba are as varied as they are many, although too many of them have yet to be named. From the narrow alleyways of the...
