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Ethiopia and Japan signed a document concerning Bilateral Offset Credit Mechanism on Monday May, 27, 2013 in Addis Ababa. Finance and Economic Development State Minister Ahmed Shide and Japanese Ambassador to Ethiopia, Hiroyuki Kishino signed the document.

The partnership is aimed at contributing to international efforts to prevent global warming by cooperating in the reduction of greenhouse gas emissions between the two countries through the mechanism.

Ahmed on signing ceremony said the document will strengthen financial and technological support to activities being carried out to reduce carbon emission and build green economy.

Ethiopia and Japan signed grant agreements amounting to 1.5 billion Ethiopian Birr  Monday, June 10, 2013, in Addis Ababa.

Ethiopia's Finance and Economic Development State Minister Ahmed Shide and Japanese Ambassador to Ethiopia, Hiroyuki Kishino signed the agreement.

Ethiopia and Kenya last Monday received US$ five million grant from the Geothermal Risk Mitigation Facility for Eastern Africa to develop geothermal energy, the Ministry of Foreign Affair said.

Ethiopia and Kenya have signed a Border Trade Agreement aimed at strengthening cross-border trade between the two countries.

During his visit to Kenya, Ethiopia’s Prime Minister, Hailemariam Dessalegn, concluded an oil pipeline deal with Kenya’s President, Uhuru Kenyatta. The deal is for the construction of crude pipeline from Lamu, a coastal town in Kenya, to Ethiopia’s capital, Addis Ababa.