According to Ibsa, about 77 percent of the fund is a loan and the balance is a grant. The agreement will be implemented jointly by the Italian Development Cooperation agency and Eth’opia’s Water, Irrigation and Electricity Ministry, it was learned. PM Conte on the occasion called on Italian investors to cooperate with Ethiopia by taking advantage of the peace deal reached between Ethiopia and Eritrea, and the ongoing reforms in this country. The Italian Prime Minister Giuseppe arrived in Ethiopia Thursday for a two-day official visit. PM Conte wants to support the peace deal signed between Ethiopia and Eritrea last July after nearly 20 years of a stalemate.

Source: Ethiopian News October 12, 2018 15:00 UTC