Ethiopian delegation meets Italy's Mattei Plan on key projects

An Ethiopian delegation trained by Finance Minister Ahmed Shide held discussions with high-level officials from Italy's Mattei Plan in Addis Ababa. The talks focused on progress in the Koysha electric power plant and Bishoftu world-class airport apron projects. These efforts seek to strengthen Ethiopia's power exports and aviation development for sustainable growth.

In Addis Ababa on Megabit 9, 2018 (Fana), an Ethiopian delegation trained by Finance Minister Ato Ahmed Shide engaged in talks with senior officials from Italy's Mattei Plan. The meeting centered on the development of the Koysha electric power plant project and the Bishoftu world-class airport apron project. These projects are expected to enhance Ethiopia's power export capacity and aviation infrastructure, contributing to the country's sustainable economic growth. Italy's Mattei Plan has been providing financial support through diverse funding sources to advance Ethiopia's infrastructure developments. The Ethiopian side emphasized the crucial role these projects play in achieving long-term development goals. The Mattei Plan, an initiative launched by Italian Prime Minister Giorgia Meloni in 2024, marks a new chapter in Italy-Africa relations. It aligns with the European Union's Africa policy, emphasizing sustainable development in areas such as energy, health, education, agriculture, and legal migration.

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Photorealistic image depicting the construction of Bishoftu Airport in Ethiopia, financed via Wall Street model, with Ethiopian Airlines involvement and African Union Summit backdrop.
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Ethiopia adopts Wall Street model for Bishoftu Airport

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Ethiopia is employing a Wall Street-inspired financing model for the Bishoftu Airport project amid discussions at the African Union Summit. Ethiopian Airlines has contributed 700 million dollars as initial investment toward the 12.5 billion dollar venture. A special-purpose company will oversee borrowing, with financiers choosing contractors.

An Ethiopian delegation led by Finance Minister Ahmed Shide held high-level consultations in Rome with Italy’s Mattei Plan Task Force. The talks focused on key projects including the Koysha Hydropower Project and Bishoftu International Airport Development Project.

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The Mattei plan has strengthened the strategic partnership between Ethiopia and Italy, according to reports. This initiative focuses on economic and development ties between Italy and Africa. The upcoming Italian Africa Summit will take place in Addis Ababa.

Ethiopian Prime Minister Abiy Ahmed, Deputy Prime Minister Temesgen Tiruneh, Oromia President Shumelis Abdisa, and National Bank Governor Eyob Tekalgn visited development works and inaugurated projects in Wellega zones of Oromia region on the same day. Projects including the Busa Gonofa integrated food industry complex and Geter Corridor development were highlighted as key for agro-industry, job creation, and economic growth.

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Ethiopia's Government Communication Service Minister Desta Tesfahu Gobezie stated that the country has numerous experiences to offer Africans. Two summits—the 39th African Union Heads of State Summit and the African Union Parliaments Summit—will occur from Katit 6 to 8, 2018 E.C. These experiences focus on Agenda 2063 for sustainable development.

The fourth Invest in Ethiopia 2026 forum, held over two days in Addis Ababa, concluded today. It featured 13 investment opportunities worth 1 billion dollars. Major commitments were sealed in manufacturing, agriculture, energy, mining and other sectors.

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Ahmed Rostom, Egypt's Minister of Planning and Economic Development, met with Abdel Aziz Al Mulla, Executive Director for Arab countries at the World Bank, and Hisham Seif, Alternate Executive Director, to explore ways to deepen cooperation between Egypt and the World Bank Group. The meeting supports Egypt's path toward comprehensive and sustainable development and the goals of Egypt Vision 2030. Discussions focused on development financing and employment programs.

 

 

 

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