Ethiopia has signed a 10.6-million-Euros grant with the Netherlands for the Cool Port Addis project Phase I today, according to Ministry of Finance.

The grant was signed by Finance State Minister Semereta Sewasew and Netherlands Ambassador to Ethiopia Henk Jan Bakker.

The Cool Port Addis Project I is designed to alleviate bottlenecks hindering Ethiopia’s realization of its horticultural potential.

Situated within the Modjo Green Logistics, the Cool Port Addis represents an end-to-end solution by streamlining logistical processes for the entire avocado value chain and other fruits and vegetables.

Recall that the Netherlands is one of the leading trading and investment partners to Ethiopia and among the top ten Foreign Direct Investment (FDI) contributors and export destinations for Ethiopian products.

Source: Ethiopian News Agency