Italy Supports Addis Ababa’s Riverside Development Project

ADDIS ABEBA – The Italian government has contributed five million Euro to a riverside development project in Addis Ababa.

The financing agreement was signed between Ambassador of Italy Arturo Luzzi and the Deputy Minister of Finance Ethiopia Admasu Nebebe on Thursday.

“Italy intends to contribute to the efforts of the Ethiopian Government aimed at promoting fully sustainable development of the country with a positive impact on mitigation of climate change and enhancement of local communities,” its embassy says in a statement to The Monitor.

Italy confirmed its readiness to support the Beautifying Sheger project as a brand new mark of the long-standing friendship between the two nations during the two countries’ foreign ministers met in Rome last week.

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