France Pledges €100 Million Grant to Ethiopia

By Staff Reporter

France-Pledges-Ethiopia-100M-EuroOctober 30, 2018 - French President Emmanuel Macron announced a €100 million in grant to Ethiopia as part of an effort to support the ongoing economic reform in the horn African nation.

The announcement came after the visiting Ethiopian Prime Minister Dr. Abiy Ahmed held discussion with President Emmanuel Macron at Élysée Palace in Paris.

In a joint briefing, Prime Minister Abiy Ahmed said he was very grateful for the positive response for his plea he made to the french president who agreed to lend a helping hand to protect and preserve the Lalibela churches in Amhara regional state of Ethiopia.

“We have also reached agreement to jointly work on peace, democracy and development matters as well as to modernize Ethiopian defense forces through training. The french president pledged to inject €100 million to support Ethiopia’s economic reform mainly for transformation of Addis Ababa Bole International Airport.”

The premier said the president also accepted my request to champion the normalizing relations between Eritrea and Djibouti so to support the effort of ensuring reliable peace in horn of African region.

According to the premier, Marcon expressed willingness to take assignment and hold discussion with Eritrean president Issayas Afeworki and Djiboutian President Ismail Omar Guelleh to resolve security problems between the two horn Africa states.

President Macron for his part congratulated the Ethiopian Premier for his “unprecedented” reforms and “courageous” path and committed to be in Ethiopia’s side and provide full support.

President Macron also indicated that he will consider budgetary support to Ethiopia supplementing existing multilateral initiatives.

He expressed his government’s willingness to support Ethiopia in telecom, transport and infrastructure sectors. He said french companies will be assisting Ethiopia’s new project of issuing electronic ID to its citizens.

President Macron set to visit Ethiopia in two months following the invitation forwarded to him by Ethiopian Prime Minister Abiy Ahmed who left for Germany to attend the G20 Compact with Africa (CwA) Summit.


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