EIB to loan Ethiopia $200 mln for migrants jobs scheme

September 21, 2016 3:15 PM

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ADDIS ABABA, Sept 21 The European Investment Bank is set to lend Ethiopia $200 million to build two industry parks that will employ 30,000 refugees in a move aimed at curbing migration to Europe, the bank said on Wednesday.

The Horn of Africa country hosts more than 743,000 refugees and asylum seekers from neighbouring countries, many of whom use its camps as way stations on a longer journey to Europe.

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