Road connectivity between Ethiopia, Kenya elevates trade by 400 pct: AfDB - Xinhua - News Summed Up

Road connectivity between Ethiopia, Kenya elevates trade by 400 pct: AfDB - Xinhua


Source: Xinhua| 2019-02-14 21:49:51|Editor: xuxinVideo Player CloseADDIS ABABA, Feb. 14 (Xinhua) -- President of the African Development Bank (AfDB) Akinwumi Adesina on Thursday revealed that road connectivity among neighboring Ethiopia and Kenya has helped to elevate trade by 400 percent between the two countries. "That road alone has allowed trade between Ethiopia and Kenya to rise by 400 percent and that has also provided Ethiopia with an access to port," Adesina said while speaking to Ethiopia's state-run news agency. The corridor mainly consists of a 504-kilometre road linking the Kenyan towns of Merille and Turbi, through Marsabit, and an additional 391-kilometre stretch running through Ethiopia linking Hagere-Mariam, Yabelo and Mega. The African Development Bank is a major partner of the Ethiopian government, financing the East African country's projects in hydro-power generation and power transmission lines. Adesina also vowed to further strengthen financial support to development projects in Ethiopia, saying that "AfDB will invest in transforming Ethiopia's rural economy into zones of economic prosperity."


Source: Ethiopian News February 14, 2019 13:41 UTC



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