Ethiopia signs USD 10m loan accord with Abu Dhabi Development Fund

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Ethiopia and the Abu Dhabi Development Fund signed a USD 10 million dollar agreement in Dubai providing for the construction of Gedo-Finchaa-Lemlem Bereha Road project, the Ministry of Foreign Affairs (MoFA) said. According to a press release the ministry sent to the Ethiopian News Agency, the Ethiopian Consulate General in Dubai, Mesganu Arega, and the acting Director-General of the fund, Mohammed Seif al-Suedi signed the agreement. On the occasion, the consulate general  said the loan agreement will help  further strengthen the cooperation with the fund. During his speech,  the acting Director-General  expressed the fund’s desire to cooperate with Ethiopia on  various projects.
(The Ethiopian Herald)