Japan provides 500 mln Yen to Ethiopia

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Addis Ababa, 14 January 2014  (WIC) - Japan has provided 500 million Yen assistance to Ethiopia to support its efforts to transform the agriculture sector, Prime Minister Hailemariam said.

After conferring with the Japanese Prime Minister Shinzo Abe here Monday, the Premier said the assistance will help the country’s efforts being exerted to improve agricultural production and productivity.

Prime Minister Abe has also agreed to establish the African Kaizen Centre, Japan planned to set up in Africa to support the continent's industrial development.

Prime Minister Abe has also agreed to double the bilateral trade cooperation with Ethiopia, Hailemariam said. 

Hailemariam said participation of Japanese companies in Ethiopia is not as it should be.

He called on Japanese companies to invest in Ethiopia and benefit from the prevailing conducive investment atmosphere in the country.

The two parties have signed bilateral air service agreement.

Prime Minister Abe on his part said his government will do everything to further deepen the overall bilateral ties with Ethiopia.

He expressed hope that the Ethiopian Airlines' flight to Tokyo to be inaugurated soon will strengthen the cultural, trade and investment cooperation between the two countries.

He expressed gratitude for Ethiopia's role played in building and restoring peace and stability in the Horn of Africa.

Prime Minister Hailemariam and other senior officials welcomed Prime Minister Abe when he arrives in Addis Abeba on Monday afternoon for a two day official visit.

The Prime Minister on Monday visited relatives of Abebe Bikila, the first black person to win marathon in 1960 in Tokyo.

According to ENA, Abebe Bikila was a double Olympic marathon champion, most famous for winning a marathon gold medal in the1960 Tokyo Summer Olympics while running barefoot.