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Japan to give 500 million yin to Ethiopia for agricultural development

Tigrai Onlne - January 13, 2014

Japan to give 500 million yin to Ethiopia for agricultural development

Japanese Prime Minister Shinzo Abe was in Addis Ababa for a two day official working visit to Ethiopia. Prime Minister Shinzo Abe and Ethiopian Prime Minister Hailemariam Desalegn discussed bilateral discussions about the historic relationship between their two countries.  The two leaders talked about Africa and regional issues. Prime Minister Hailemariam Desalegn after the meeting said the Ethiopia-Japan relationship is based on mutual respect and benefits.

"My name is Abe, but everybody teased me at school, calling me Abebe," Mr Abe said. "Many Japanese marathon runners would actually collapse after the race but when I saw Mr. Abebe actually stretching afterwards, it was such a surprise, even for a 10-year-old."

Japan has agreed to support Ethiopia in capacity building and technical assistance. To help Ethiopia’s ongoing effort to meet the goals of the five year Ethiopia's Growth and Transformation Plan (GTP), Japan will give Ethiopia 500 Yen.

Prime Minister Shinzo Abe further pledged to increase the trade and investment between Ethiopia and Japan. Prime Minister Shinzo said that the fact Ethiopian Airlines will start direct flights to Tokyo Japan will greatly enhance the two countries investment relations.

The Japanese Prime Minster led 50 of Japan’s biggest company representatives and business leaders.  It was mentioned in the news release 50 years ago Prime Minister Shinzo Abe’s father, who was  Japan’s foreign minister had visited Ethiopia.