Ethiopia and the Korea International Cooperation Agency (KOICA) have signed a $20 million grant agreement for two projects in line with its ten year perspective plan and Sustainable Development Goals. The first project is expected to enhance the competitiveness of the leather products sector in Ethiopia by establishing a business incubation centre for small and medium enterprises (SMEs) engaged in the leather production sector. The second project will include a Community-led Solution for Inclusive Socio-Economic Resilience towards Sustainable Peace in Conflict-Affected Areas in Ethiopia. This project contributes to enhancing the social cohesion and economic resilience of vulnerable communities through the area-based and community-based peacebuilding and recovery processes. The Memorandum of Understanding (MoU) has been signed by Semereta Sewasew, State Minister of Ministry of Finance and Lee Byunghwa, Country Director of KOICA Ethiopia Office.
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