The Oromia Sovereign Fund has signed a development agreement with MIDROC Investment Group to collaborate on projects in agriculture, mining, and related sectors.

Oromia Regional State President Shimelis Abdisa, who attended the signing, said the agreement was expected to support the export of agricultural products and strengthen investment in mining. He noted that cooperation between government institutions and private investors could help create opportunities for economic growth.

Shimelis also pointed to reforms within the Oromia Sovereign Fund, saying they had increased the private sector’s interest in working with the government.

Officials said the partnership is intended to encourage investment and help unlock opportunities in key sectors of the regional economy.

Source (including image): Fana BC