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UAE Pledges $100m to Innovation, Technology

July 20 , 2019

Ethiopia has recieved a 100-million-dollar grant and signed a Memorandum of Understanding (MoU) with the United Arab Emirates (UAE) to enhance the innovation and technology sectors in the country. The agreement was signed between Admasu Nebebe, state minister for Finance, Hussain. Jasim Al Nowais, chairperson of the Khalifa Fund Board of Directors. Prime Minister Abiy Ahmed (PhD) was also present at the signing ceremony. Though the grant mainly focuses on assisting the progress of innovation and technology, it also provides support for the micro, small and medium enterprise sector development and job creation. Mohammad bin Zayed Al Nahyan, the crown prince of the United Arab Emirates (UAE), visited Ethiopia in June 2018 and the UAE pledged three billion dollars in aid and investment to Ethiopia.


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