Ethiopia Signs Loan Agreement with Khalifa Fund for Enterprise Development (UAE)


The Federal Democratic Republic of Ethiopia and the Khalifa Fund for Enterprise Development (United Arab Emirates) signed Loan Agreement amounting to 100 million USD (equivalent to 3.21 billion ETB) at a signing ceremony held at the Ministry of Finance (MoF).

The objective of the agreement is to support the development of micro, small and medium enterprises by assisting enterprise and job creation, innovation, capacity building in order to empower youth and women and ultimately improve their livelihood.

The agreement was signed by H.E. Ahmed Shide, Minister of MoF and H.E. Mr. Hussain Jasim Al Nowais, Chairman of the Board of Directors of Khalifa Fund for Enterprise Development (UAE), on behalf of the Federal Democratic Republic of Ethiopia and on behalf of the Fund respectively.


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Solomon Yimer

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