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Ethiopia signed a USD 43 Million Grant Agreement African Development Bank

Ethiopia signed a USD 43 Million Grant Agreement with the African Development Bank to Empowering Agricultural Micro, Small and Medium Enterprises (Agri-MSMEs)

Ethiopia grant agreement _ Africa Development Bank


Ministry of Finance

June 13, 2024 – In a support of the agricultural sector and to enhance the job creation agenda, the Ministry of Finance today has signed a grant agreement with the African Development Bank.

The USD 43 million grant will be channeled towards the Agri-MSMEs Development for Jobs project, which aims to enhance the competitiveness, employment prospects, and overall development of Micro, Small, and Medium Enterprises in Ethiopia. The project has a potential role as a catalyst for productivity, and inclusive growth, contributing to the country’s ongoing efforts to build a resilient and diversified economy.

The agreement was signed between H.E. Ahmed Shide, Minister of Finance, on behalf of the Government of Ethiopia, and Dr. Abdul Kamara, Deputy Director General, East Arica Regional Development and Business Delivery Office and Country Manager, representing the Bank.

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