Semereta Sewasew, Ethiopia's State Minister of Finance and Ben Depraetere, Chairperson of the Board of EUBFE (European Union Business Forum in Ethiopia) have signed a memorandum of understanding (MoU) at the launch of the Business Climate Report – 2021 event that was held on April 6, 2022, at Hayat Regency Hotel, in Addis Ababa, Ethiopia. The MoU is said to foster cooperation between Ethiopia's Ministry of Finance and the private sector, and create mechanisms to disseminate best practices and facilitate close consultation to promote mutually beneficial objectives and collaboration between the two parties.