$25m for Addis Ababa beautification
Ethiopia has earmarked the sum of
$25m to beautify its capital, Addis Ababa.
The significant amount was raised
through a fundraising effort from local and international sources including the
Italian government which contributed 5,000,000 euros.
Two United Nations outfits gave a
million dollars each while the African Development Bank gave 600,000 dollars.
The largest tranche of over 17
million dollars were deposits at the Commercial Bank of Ethiopia.
The beautification project mainly
aims to lift the image and potential of the capital. With the goal of creating
many jobs in the project phase, it also aims to generate riverside economies,
increase urban tourism and provide the city’s residents with areas of respite.
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