As published in ArabianIndustry.com, Ethiopia and Kuwait signed a $22 million loan agreement to fund a clean and sustainable water project in Aksum, located in northern Ethiopia.
The project will provide a clean and sustainable water supply to Aksum and its nearby villages until 2050, through the construction of a water supply and treatment system from Maychew River, about 30km south of the town, according to Saudi Press Agency.
Ethiopia and Kuwait started a formal cooperation through avoidance of double taxation, investment protection, and sharing trade and science eight years ago.
Kuwait has been assisting Ethiopia’s development through financial support for the implementation of infrastructure including road, airport, energy and water supply projects which are the major priorities of the African country’s government.
Major components of the project include construction of a dam, reservoir, and water treatment plant, and other infrastructure work.