Tag: France

The longest-serving fuel and lubricants marketing company in Ethiopia, Total Ethiopia SC, has pledged to invest USD 100 million in Ethiopia if the government makes adjustments on the profit margin of fuel distribution prices.

In a bid to improve the current national identification system, France has pledged to provide EUR 40 million to Ethiopia to finance the pending national digital ID project, The Reporter has learnt.

Following a similar visit by President Emmanuel Macron, Bruno Le Maire, Minister of Finance and Economy of France is set to visit Ethiopia next Monday, The Reporter has learnt. His visit is said to cement and follow-up on President Macron’s visit.

Mere months after the state visit by Emmanuel Macron, President of France, the French Development Bank that has the capacity to finance worldwide initiatives worth more than EUR 11 billion a year, is set to offer Ethiopia a combination of a loan agreement and a grant worth EUR 100 million.

President Emmanuel Macron is set to pay an official visit to Ethiopia where he is expected to announce funds pledged earlier to be availed for the restoration and preservation of the Rock-Hewn Churches of Lalibela.