Ethiopia, China Sign 101.5 Billion Yuan Agreement

November 26, 2013

The governments of Ethiopia and China signed on Monday a financing agreement amounting to 101.5 billion Yuan to support various projects. Some 100 billion Yuan of the total assistance goes to projects to be carried out jointly by the two governments.

The balance, 1.5 billion Yuan will go to airport expansion project, according to the agreement. The two parties have also signed agreements to strengthen the economic and technical cooperation.