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Ethiopia, UAE sign $100m grant agreement

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Addis Ababa, July 15, 2019 (FBC) – Ethiopia and the United Arab Emirates (UAE) have signed a $100 million grant memorandum of understanding (MoU) today.

Prime Minister Dr Abiy Ahmed presided over the MoU signed by Ethiopia’s State Minister of Finance Admasu Nebebe and Hussain. J. Al Nowais, Chairman of the Khalifa Fund Board of Directors, representing the UAE.

Office of the Prime Minister in its Twitter post said that, “The support provides for micro, small and medium enterprise sector development and job creation, particularly focused on innovation and technology.”