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Sunday, 25 March 2018

Egypt signs USD 80 mn contract to import livestock from Ethiopia for two years

Egypt’s Trust Group and Ethiopia’s Alfoz PLC signed on Thursday a USD 80 mn, two-year contract to export a monthly 6,000 heads of livestock from Ethiopia, Al Shorouk reports. The agreement comes in line with efforts to boost trade and economic relations between the two countries, especially amid tensions over the Grand Ethiopian Renaissance Dam (GERD). Egypt, Sudan, and Ethiopia agreed to hold a trilateral meeting over the dam on 4-5 April after talks reached a stalemate.

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