For the first time, Ethiopia has extended a loan of over $738 million to South Sudan to fund the construction of a road connecting the two countries. This loan, with a four-year grace period and a ten-year repayment plan, aims to strengthen economic ties and improve regional connectivity. Repayment will be made in both cash and crude oil, paving the way for an innovative resource-backed financing model.
Tags: #Ethiopia #SouthSudan #Loan #Infrastructure #EconomicIntegration
