Italy commits €25 million to Ethiopia under Mattei Plan for job creation and economic growth
via The Reporter Ethiopia6 min read
Italy has committed 25 million euros to Ethiopia under its Mattei Plan to support job creation, economic growth, and sustainable development. This announcement coincides with the Big 5 Construct Ethiopia 2026 exhibition in Addis Ababa, where over 20 Italian companies are showcasing their operations. The initiative is part of Italy’s broader economic engagement with Ethiopia, where total Italian investment has reached approximately 830 million euros. Ethiopia is designated as a priority country under the Mattei Plan, which aims to strengthen cooperation with African countries through development projects and economic partnerships. The 25 million euro commitment targets employment generation and supports Ethiopia’s development goals through investments in construction, infrastructure, manufacturing, textiles, agro-processing, and services. Around 150 Italian companies currently have trade and investment ties with Ethiopian partners. Claudio Pasqualucci, trade commissioner at the embassy of Italy in Addis Ababa, noted that Italian investments have primarily focused on infrastructure, construction, and agro-industrial sectors, aligning with Ethiopia’s development priorities. He added that ongoing urban development and infrastructure expansion create opportunities for Italian firms to contribute to projects across the country, benefiting from Ethiopia's economic and fiscal reforms.
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This summary was AI-generated from a story originally published by The Reporter Ethiopia.
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