Addis Ababa, May 18, 2022(Walta) – The Ministry of Finance, represented by Semereta Sewasew, State Minister in charge of Economic Cooperation, signed a grant agreement of 10 million Euro with the French Development Agency (AFD), represented by Valerie TEHIO, Country director yesterday. The signing was attended by the Ambassador of France in Ethiopia and for the African Union, Remi Marechaux. The grant will finance the construction and equipment of the Ethiopian Electric Power Training Centre in Debre Zeit. This grant is aimed to finance the restoration and opening to the public of the Jubilee Palace in 2020, according to FBC. Ethiopia and France have also signed a 1 million Euro financial pact to support Civil Society Organizations so that they can discharge their responsibilities effectively, taking the total amount of the financial support by AFD to 19 million Euro.

Source: Ethiopian News May 18, 2022 23:55 UTC