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How $163mn in EU support is rekindling its strained partnership with Ethiopia

People selling fresh fruits at the market in Addis Ababa, Ethiopia. Photo by Atypeek Dgn @Pexels
People selling fresh fruits at the market in Addis Ababa, Ethiopia. Photo by Atypeek Dgn @Pexels

Michael Masrie

Michael Masrie is a journalist covering East Africa’s political economy across politics and policy, global markets, capital, and the digital economy.
  • EU resumes €140mn ($163mn) budget support for reforms
  • Addis Ababa courts investors amid economic pressures

 

ADDIS ABABA, ETHIOPIA – The European Union has resumed budget support to Ethiopia, pledging over €140mn ($163mn) as Addis Ababa intensifies efforts to stabilise its economy and attract foreign investment.

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