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Ethiopia: ADB, MoI Agree to Work Together on Industrial Parks

MOI and ADB

The Ministry of Industry of Ethiopia and African Development Bank vowed to work together with a view to implementing Ethiopia’s Industrial Parks Policy. They will cooperate on product chain, finance, and various commercials.

Melaku Alebel, the Minister of Industry, and Abdul Kamara, the Deputy Director General of the African Development Bank for East Africa, also discussed about integrated Agro Industrial Parks and the Manufacturing Industry Policy.

Grant agreements which reached a total of USD 118 million were signed between the African Development Bank Group and the Ethiopian Government in July last year. Part of the grant which amounted to USD 47 million was allocated for a project called Productivity Enhancement to Support Agro Industrial Parks and Youth Employment which aimed to develop irrigation and water management infrastructure around the Integrated Agro Industrial Parks.


Source: Fana BC and African Development Bank Group

Image source: Fana BC