Ethiopia, Korea Eximbank $264mln Loan Agreements

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Ethiopia and Korea Eximbank have signed two concessional loan agreements amounting to 264 million US dollars.
By:Fana
Addis Ababa, April 22, 2019  –Ethiopia and Korea Eximbank have signed two concessional loan agreements amounting to 264 million US dollars.
The first loan amounting to170 million US dollars will be used for the southern extension of the national electricity grid power transmission project.
The second one, amounting to 94 million US dollars will be used to fund groundwater irrigation and rural development project.

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