EU and German funding Ethiopia’s agricultural investment with 3.8 Million euro
On Friday, the EU and German government announced the agreement of providing the Government of Ethiopia with 3.8 Million euro for a project to facilitate large-scale commercial land deals.
The EU and German government state that the project will “support responsible agricultural investment in Ethiopia” and establish “mechanisms to facilitate productive investments in agriculture by national and international private investors.”
Ethiopia is among African countries promoting large-scale commercial agricultural investments.Ethiopian government remains to be strongly supported by major donor countries and institutions. The World Bank has funded the Ethiopian villagisation program and facilitated major development projects in the country.