Italy to make a 22 million Euro loan available to Ethiopia in support of agricultural food processing sector
borkena
Luigi Di Maio, Italian Minister of Foreign Affairs and International Cooperation, on Monday, met with Ethiopian Deputy Prime Minister and Foreign Affairs Minister, Demeke Mekonen in the Ethiopian capital Addis Ababa.
Luigi arrived in Ethiopia on Sunday for a two days state visit. During his first day in the country, he met with Prime Minister Abiy Ahmed with whom he discussed national and regional issues of mutual interest.
On Monday, Mr. Luigi held a discussion with Demeke Mekonen in the office of the Ministry of Foreign Affairs of Ethiopia.
The situation in the country and bilateral and regional issues of mutual concerns were discussed during the meeting, according to a news update from the Ministry of Foreign Affairs of Ethiopia.
Demeke Mekonen has briefed the visiting Italian Foreign Affairs Minister on the issue of humanitarian aid delivery to the Tigray region of Ethiopia, and about “peace and confidence-building measures that the Government of Ethiopia has been undertaking thus far.”
Furthermore, Mr. Demeke expressed the Ethiopian government’s commitment to supporting the peace initiative by the African Union (AU).
The AU envoy for the Horn of Africa, H.E. Olusegun Obasanjo, has been shuttling between Addis Ababa and Mekele – a city that is under the control of the Tigray People’s Liberation Front (TPLF) with the aim to facilitate a negotiated ceasefire between the Ethiopian government and TPLF.
The Deputy Prime Minister and Foreign Minister also affirmed Ethiopia’s commitment to cooperate with and support the Peace initiatives of AUC Chairperson High Representative for the Horn of Africa,
Mr. Di Maio has remarked on the effort for peace, and the importance of peace in the region.
The Ministry of Foreign Affairs of Ethiopia cited him as saying that “Ethiopia is an anchor state in the region, and peace and stability in the country is key for peace and stability in the horn region.”
In a related development, Italy and Ethiopia have signed a financial cooperation agreement. Italy has committed itself to make a 22 million Euro loan available to Ethiopia.
Ahmed Shade, Ethiopia’s Minister for Finance, and Mr. Luigi Di Maio signed the agreement, as reported by EBC, state media.
Mr. is also reportedly visiting Kenya after completing his visit to Ethiopia.
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QUOTE:” Ethiopia, Italy to strengthen bilateral relations ” June 13, 2022
“Italy to make a 22 million Euro loan available to Ethiopia in support of agricultural food processing sector ” UNQUOTE
TIME HEALS, INDEED
The relationship of Ethio – Italo is well known. And indeed wounds HEAL over time
Ethiopia and Italy shaking hands!!! WOW!
Ethiopia and Italy are declaring LET THE BYGONES BE BYGONES & comfortablely
Eritrea is now “COLONIZED” by an Indigenous dictator who did his share in the thirty-year LIBERATION STRUGGLE [YES, LIBERATION of a different definition]
Eritrea will soon have a new custodian and history will keep on being repeated in various shapes and forms.
Back to Ethio-Italo love affairs. How long will it last. It is your guess
HAVE FUN, DEAR FREE TRANQUIL READERS in FOREIGN PARADISE.
Who cares about Eritrea, Ethiopia and the entire RACE of BLACK AFRICANS WHO ——— I wouldn’t dare saying it !!!!!!!!!!!!
As the FRENCH would say &; C’EST LA VIE >>> INDEED.
BE HAPPY, BLACK AFRICANS, AND LAUGH TO YOUR HEARTS CONTENT.
It seems to me that the latest group of the diplomatic corps is doing a much better job in repairing the wobbly relations with certain Western nations. The only way the old country gains for the good of its citizens is through strengthening diplomatic and economic ties with the West. This Russian thing or that Chinese thing will never cut the mustard for the old country in the long run. Both the market and money are located here in the West. Where do you think majority of manufactured goods made in China and Vietnam are shipped to? You got it! Japan, South Korea, Taiwan and Singapore had recognized and took full advantage of the opportunity presented to them way back in the 1960’s, 70 and 80’s and were able to build vibrant economies in their respective countries. They are now countries with some of the highest per capita – GDP(PPP) in the world. It has been reported that Chinese economy is the 2nd biggest by GDP in the world. How did that happen? Aha! You got it!!!
Good job by the diplomats!!!
Be careful if Italy!