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The Korean government said South Korean economic delegation team will come to Ethiopia and Ivory Coast to facilitate more trade and industrial cooperation.

The Busan Economic Promotion Agency (BEPA) Footwear Industrial Promotion Center has announced its intention to launch a footwear production capacity-building project in Ethiopia. The project, which will be funded with a USD 10 million grant from the Republic of Korea Official Development Assistance (ODA), aims to enhance the competitiveness of Ethiopia's leather and leather products industry, particularly the footwear sector. The project will begin in 2023 and continue until 2027, providing the necessary training and assistance to local footwear producers and officials to improve their productivity and effectiveness.

Kuriftu Resort and Spa will inaugurate in two months time its new 15 Million Birr lakeside restaurant, Fortune reported. The restaurant is built on the shores of Lake Tana and on the left of the main Kuriftu Resort.

Kuwait Fund promised to support ongoing road construction and water provision projects in Ethiopia. It has also pledged to support the expansion project at the Addis Ababa Bole International Airport.

The Fund has so far provided an aggregate support of USD 150 million to six projects, its Director General, Abdulwahab Al-Bader told Ethiopian Radio & Television Agency.

Abebe Abebayehu, Commissioner of Ethiopian Investment Commission (EIC) said many labor-intensive foreign companies are showing interest to work in Ethiopia.