The government of Ethiopia and the World Bank have signed an agreement for a $730 million corridor project to improve the key route between Addis Ababa and Djibouti. Ethiopia’s Finance Ministry said in a statement that the Hoa Regional Economic Corridor (under Ethiopia-Djibouti) project seeks to improve connectivity and logistics performance between East African countries through the road corridor. “The project will also support local communities along the roadway area by building infrastructure to improve access to education, healthcare and water, as well as connect them to the main corridor by building secondary roads. The deal was signed virtually between Ethiopian Finance Minister Ahmed Shide and World Bank Director of Regional Integration Boutheina Guermazi. [Da Redazione InfoAfrica]© breaking latest newsRead the Zoom of Africa and Business dedicated to existing and planned logistics solutions in Africa:Share this: TwitterFacebook

Source: Ethiopian News September 02, 2023 21:31 UTC