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Ethiopia Enters $500m Deal Aimed at Employing 30,000 Refugees

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Ethiopia, home to over 800,000 refugees, has announced a partnership with the European Investment Bank (EIB) to build two industry parks. The project will lead to some 30,000 refugees being employed in a move aimed at curbing migration to Europe.

The total amount of the both projects is pegged at $500 million. The government stated that the World Bank, Britain, and other EU nations will provide the rest of the financing.


‘‘Ethiopia proposed the plan and the EIB said that 30,000 refugees will be included among the 100,000 people who will be employed altogether in the two parks,’‘ the Ministry of Foreign Affairs said.