9.8 C
New York
April 4, 2020
News

Ethiopia, UAE Sign Loan Agreement

Ethiopia and Khalifa Fund for Enterprise Development (KFED) have signed a 100 million loan agreement.

The agreement was signed here today by Ahmed Shide, Ethiopia’s Minister of Finance and Hussain Jasem Al Nowais, Chairman of KFED.

Ahmed Shide said the loan will be used for the implementation of homegrown economic reforms, to encourage innovation and assist small and medium enterprises (SMEs), among others.

The agreement signed today affirms the strengthening of trade, investment and development cooperation between the two countries.

Related posts

Haftar Army inches closer to central Tripoli despite Turkey’s warnings

warsan

Qatar says Gulf dispute is far from ending

warsan

Iranians raise blood red ‘flags of revenge’ as they vow to hit back after US killed Qassem Soleimani

warsan

Leave a Comment