Ethiopia, Japan Sign $89m Loan Agreement For Jimma-Chida Road Project.

OBN.Nov.26,2019 – Ethiopia and Japan have signed an exchange of notes amounting to $89 million for Jimma-Chida road upgrading project.

The agreement was signed here today by Admasu Nebebe, State Minister for Finance and Mr. Matsunaga Daisuke, Ambassador of Japan to Ethiopia.

According to fbc During the signing ceremony, Ambassador Matsunaga Daisuke said that the implementation of this project was pledged during TICAD 7.

The project is expected to improve road connectivity, facilitating and accelerating exports and will also contribute to the acquisition of foreign currency.

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