Source: European Union Delegation to the African Union |

Media Advisory: European Investment Bank to confirm largest ever financing in Ethiopia

The announcement will be made on the first day of a two day official visit to Ethiopia by the Vice President of the European Investment Bank

Business, economics and political print and broadcast media and photographers are invited to the formal signature ceremony and announcement event

BRUSSELS, Belgium, June 28, 2017/APO/ --

What: Media are invited to attend the announcement of EIB support for multi-billion Birr private enterprise financing programme with the Development Bank of Ethiopia

Who: Dr. Abraham Tekeste, Ethiopia's Minister of Finance and Economic Cooperation, Pim van Ballekom, European Investment Bank Vice President, Getahun Nana, President of the Development Bank of Ethiopia, H.E. Ambassador Chantal Hebberecht, Head of the European Union Delegation to Ethiopia and Eric Brintet, Acting Manager for Ethiopia at the World Bank will announce details of the a significant new private enterprise financing programme and confirm strengthened EIB engagement in Ethiopia since the opening of the EIB Addis office in 2015.

What: The announcement will be made on the first day of a two day official visit to Ethiopia by the Vice President of the European Investment Bank. 

During the visit the EIB delegation will discuss ongoing activity and future investment with the Prime Minister and Finance Minister, meet business leaders and hold discussions with the African Union Commission.

The European Investment Bank has operated in Ethiopia since 1976 and provided more than EUR 400 million to support long-term investment in energy, communications and water infrastructure, as well as private sector investment.

The European Investment Bank is the world’s largest international public bank, owned directly by the 28 European Union member states. Over the last 5 years the European Investment Bank has provided more than EUR 22 billion for investment in Africa.

When: 11.15am to 12.30pm, Thursday, 29th June, 2017

Where: Radisson Blu Hotel,  Addis Ababa

Media: Business, economics and political print and broadcast media and photographers are invited to the formal signature ceremony and announcement event. 

Individual TV, radio and press interviews with Vice President van Ballekom and other speakers can be arranged on request.

Contact: To confirm attendance or arrange one-on-one interviews with EIB officials please contact Richard Willis, Tel: +352 621555758, willis@eib.org.

Distributed by APO Group on behalf of European Union Delegation to the African Union.