UAE lends financial help of $3 billion to Ethiopia

UAE lends financial help of $3 billion to Ethiopia

To help ease the severe foreign currency crunch experienced by the country. UAE has pledged a total of $3 billion in aid and investments to Ethiopia.

UAE will deposit $1 billion in Ethiopia’s central bank as a financial relief, a government spokesman told news agencies in Addis Ababa. The decision has come following the meeting between Abu Dhabi’s crown prince, Sheikh Mohamed Bin Zayed and Prime Minister of Ethiopia, Abiy Ahmed.