Ethiopia, UK sign £105m grant agreements
Addis Ababa, July 28, 2020 (FBC) – Ethiopia and the United Kingdom (UK) have signed two grant agreements amounting to £105 million.
The agreements were signed here today by Ahmed Shide, Ethiopia’s Minister of Finance and James Duddridge, UK’s Minister for Africa.
The first grant agreement, amounting to £60 million, will be used for the implementation of land investment for transformation phase 2 program.
The program aims to bring transformative, systematic, and sustainable change in land certification and marketing system in Amhara, Oromia, Tigray and SNNP regional state.
The second grant, amounting £45 million will be used channelled to Ethiopia’s economic transformation program, which is designed in line with out-ward oriented, manufacturing led sustainable and inclusive growth program of Ethiopia.
The aim of the program is to support the Ethiopian government’s vision of export-led manufacturing growth through foreign and domestic investments.
The program will be implemented in Industrial Parks (IPs) built in Oromia, Amhara, Tigray and SNNP regional states.