Dubai signs $50M finance deal with Ethiopia

Published October 10th, 2016 - 04:58 GMT
The Lion of Judah statue in Addis Ababa, Ethiopia. (Wikimedia Commons)
The Lion of Judah statue in Addis Ababa, Ethiopia. (Wikimedia Commons)

A UAE trade mission to Ethiopia led by the Dubai Chamber of Commerce and Industry concluded its visit to the African country by signing a Dh184-million agreement between S.S. Lootah International and Oromia International Bank.

The agreement involved collaboration between both parties to support the coffee and other agricultural and livestock sectors with the financing and supply to boost production and exports.

The initial value of the agreement will be increased in its next stage as demand rises.


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