Ethiopia, KFED sign $100m loan agreement

Addis Ababa, February 24, 2020 (FBC) – Ethiopia and Khalifa Fund for Enterprise Development (KFED) have signed a 100 million loan agreement.

The agreement was signed here today by Ahmed Shide, Ethiopia’s Minister of Finance and Hussain Jasem Al Nowais, Chairman of KFED.

Ahmed Shide said the loan will be used for the implementation of homegrown economic reforms, to encourage innovation and assist small and medium enterprises (SMEs), among others.

The agreement signed today affirms the strengthening of trade, investment and development cooperation between the two countries.