Ethiopia concluded a 337 million euro loan agreement with the government of France yesterday.
The government of France offered 70 million of the 337 million as a grant and the balance as a loan.
The money is intended to be used to finance the country’s five-year Growth and Transformation Plan, especially development programs in the energy, urban infrastructure, agriculture as well as water and sanitation sectors.
Source: Walta Information Centre
In the 9 months of the current fiscal year, Ethiopia purchased goods and services worth 15 billion Birr from local and foreign suppliers.
Ethiopia procured 11.4 million quintals of fertilizers at an out lay of 9 billion Birr. Such was disclosed by Ethiopian Agricultural Works Corporation and according to the Corporation the procurement is made for the 2016/2017 crop production season.
Ministry of Health made a procurement of more than 2,500 ambulance vehicles in the aim of meeting as well as health service in Ethiopia.
Ethiopia has achieved a historic milestone in its coffee sector, earning USD 1.8 billion from exports over the past ten months, surpassing its target and setting a new national record, according to the Ethiopian Coffee and Tea Authority (ECTA).
