The Government of Korea has provided $300 million to the Ethiopian Government for development of science and technology, and construction of bus line in Addis Ababa. The deal signed today in Addis Ababa by Admasu Nebebe, State Minister of Finance of Ethiopia and Mr. Lim Hoon-min, Ambassador Extraordinary and Plenipotentiary of the Republic of Korea to Ethiopia. For many years Ethiopia and South Korea has been enjoying fruitful relations in economic, social, political and cultural areas. The transfer and investment values of these projects totals around 46.5 million and over 28.6 million US dollars, respectively. South Korean investors in Ethiopia are mostly engaged in construction, manufacturing, business facility management, business support services, rental, education sector, finance and insurance, healthcare and social.

Source: News Business Ethiopia April 16, 2019 23:37 UTC