Ethiopia and the United Arab Emirates (UAE) signed a memorandum of understanding (MoU) for a $100 million grant today. The grant, it was learned, targets innovation and technology.
Signing the MoU were, Admasu Nebebe, Ethiopia's State Minister of Finance, and Hussain J. Al Nowais, Chairman of the Khalifa Fund Board of Directors. The Khalifa Fund for Enterprise Development represented the UAE. Presiding over the signing ceremony was also Abiy Ahmed, Ethiopia's Prime Minister.
The support, the Office of the Prime Minister said in a tweet, provides for micro, small and medium enterprise sector development and job creation, particularly focused on innovation and technology.
Source (Including Image): Twitter Page of the Office of the Prime Minister – Ethiopia