Ethiopia, Germany Ink 100m Euros Agreement

Addis Ababa The governments of Ethiopia and Germany have inked an agreement today worth about 100 million Euros to support training and job creation program of Ethiopia.

The aim of the agreement is to financially and technically support Ethiopia's training and job creation program, said, Minister of Finance and Economic Cooperation, Dr. Abraham Tekeste.

The Agreement is instrumental in generating gob opportunities for young generation since it supports training and job creation program in Ethiopia, he underlined.

Since 70 percent of Ethiopian population is under the age of 30, it is important to give due attention to enhancing capacity of the youth, he added.

Dr. Gerd Muller, Germany's Minister for Economic Cooperation and Development said that his country is ready to invest in training and education in Ethiopia.

The Minister has extended an invitation to Prime Minister Abiy Ahmed to attend the business forum which will be held in German in the coming October.

Noting that Ethiopia is a good country for investment, the Minister said we would mobilize new German investors to come and invest in Ethiopia.

Saying that Germany has already started an automobile production plant in Rwanda this month, Dr. Muller noted that Ethiopia is an ideal location to start such a production.

Source: Ethiopian News Agency