The Ministry of Finance welcomes the Italian Minister of University and Research and signs a 4.5 million euro grant agreement with the Republic of Italy.
27 January 2025 - H.E., Minister of Finance, Anna Maria Bernini, during her official visit to Ethiopia. During the meeting in her office, Mr. Ahmed Shide expressed his gratitude for Italy's continued support and emphasized the strong historical and economic ties between the two nations.
H.E. Minister Ahmed emphasized that the Framework Agreement between Ethiopia and Italy is fully consistent with Ethiopia's long-term development goals in the sectors of agriculture, industry, health, education and private sector development.
H.E. Anna Maria Bernini extended this warm welcome to him and expressed her interest in future collaborations with Ethiopia. She expressed her commitment to supporting joint initiatives and fostering stronger bilateral relations. As part of this cooperation, Ethiopia and Italy signed an implementation agreement aimed at strengthening digital services in Ethiopia through the establishment of an incubation center for high-tech innovation companies.
Under this agreement, the Republic of Italy will provide a grant of 4.5 million euros (approximately 585 million Ethiopian birr). This initiative aims to:
Create an incubation center for e-services and startups.
Create a "FAB Lab" (fabrication laboratory) equipped with advanced manufacturing and prototyping tools. Develop a training center and a high-tech talent development center. The project is designed to align with Ethiopia's national development goals and job creation strategies. It aims to improve service delivery, foster innovation and entrepreneurship, and promote job creation in key sectors through cutting-edge technologies and digital infrastructure.
The agreement was signed by Mr. Ahmed Shide, Minister of Finance of Ethiopia, and Anna Maria Bernini, Minister of University and Research of Italy. They were joined by Ambassador Agostino Palese, the Ambassador of Italy to Ethiopia.
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