Ethiopia and Italy engage on strategic infrastructure cooperation

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.

Ethiopia and Italy have held talks on strategic cooperation to bolster bilateral ties and speed up key infrastructure projects. A delegation from Ethiopia, headed by Finance Minister Ahmed Shide, conducted high-level consultations in Rome with Italy's Mattei Plan Task Force. The discussions focused on flagship initiatives vital to Ethiopia's development, namely the ongoing Koysha Hydropower Project and the planned Bishoftu International Airport Development Project. The Ministry of Finance described the talks as productive, with both sides demonstrating commitment to strategic investments that foster sustainable economic growth. These projects are set to boost Ethiopia's energy capacity and aviation infrastructure. Italy reaffirmed its dedication under the Mattei Plan to strategic partnerships with African nations, including Ethiopia, via innovative financing and enhanced public-private collaboration.

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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 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.

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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.

The Ethiopian Airlines Group (EAG) is advancing its Bishoftu International Airport project, a $12.5 billion initiative aimed at elevating Ethiopia's global aviation role. Located 40 kilometers southeast of Addis Ababa, the site has begun construction with initial groundwork. The group plans to select a principal contractor by June.

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Egypt's Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, held high-level talks with Tanzanian officials to launch joint strategic projects in the transport and industrial sectors, highlighting the growing partnership between the two nations. The discussions occurred within the framework of longstanding brotherly relations between Egypt and Tanzania, aligned with President Abdel Fattah Al-Sisi's directives to bolster cooperation with African countries.

In Addis Ababa, Ethiopia's Foreign Minister Dr. Gedion Timothewos met with Uganda's Foreign Affairs and International Cooperation Minister Henry Oryem Okello. The two ministers discussed the significant roles of their countries in future peace and stability, focusing on relevant issues. This meeting occurred on the sidelines of the 48th African Union Executive Council ordinary session.

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Eritrean Defense Minister Aisha Mohammed met with counterparts from various African nations on the sidelines of the second African Defense Ministers Conference in Addis Ababa. The discussions focused on implementing peace agreements and addressing collective security challenges. The meeting coincided with the 130th anniversary of the Battle of Adwa.

 

 

 

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