Addis Ababa, February 29, 2024(Addis Ababa) Ethiopia signs a 10.6 million euro (Approximately 647 million Birr) grant arrangement with the Kingdom of the Netherlands for the Cool Port Addis project Phase I.
The Cool Port Addis Project I is designed to alleviate bottlenecks hindering Ethiopia’s realization of its horticultural potential. Situated within the Modjo Green Logistics, Cool Port Addis represents an end-to-end solution, streamlining logistical processes for the entire avocado value chain and other fruits and vegetables.
The Netherlands is one of the leading trading and investment partners to Ethiopia: it is one of the top ten Foreign Direct Investment (FDI) contributors and export destination for Ethiopian products.
The grant arrangement was signed by MoF State Minister Semereta Sewasew and Henk Jan Bakker ambassador of the Kingdom of the Netherlands to Ethiopia with the presence of Dr. Alemu Sime, Minister of Transport and Logistics, and multiple stakeholders from both Ethiopia and the Netherlands.