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Add to Preferred SourcesThe French public financial institution, Agence Française de Développement (AFD), said it has been working to widen its cooperation and continue to provide finance for the priority areas of the Ethiopian government.
“The agency has achieved significant progress in three priority areas namely energy, urban development and job creation with a focus on private sector development. The agency has helped in mobilizing and providing soft loan to finance Ashegoda Wind Farm that generates 120 MW and is the first of its kind to the country. It has also provided most of the loan for Aviation Academy which gives initial and continuous training in Piloting, Aircraft maintenance, cabin crew and marketing to trainees from 45 different countries,” AFD Regional Director, Ignace Monkam-Daverat.
The director pointed out that AFD’s strategy in Ethiopia is defined in line with the priorities of the Growth and Transformation Plan and in accordance with the partnership framework document signed by the Ethiopian and French governments.
In 2017, AFD will celebrate the 20th anniversary of its installation in Addis Ababa. Over the past 20 years in Ethiopia, AFD has reportedly committed over 525 million Euros to finance projects.
AFD is a public financial institution that implements the policy defined by the French government to combat poverty and promote a sustainable development in emerging countries. It operates on four continents via a network of 75 offices, finances and supports projects that envisages improving living conditions for populations, boost economic growth and protect the planet.
Source: ETHpress. Read full article here.
23 May, 2017