Capital Ethiopia Newspaper

Chinese investors to build industrial villages

Ambassador Seyoum Mesfin said that the Chinese entrepreneurs will come to Ethiopia soon to invest in the country. Ambassador Seyoum told ENA over the weekend that the Chinese investors are expected to build industrial villages in Dire Dawa, Hawssa and Mojo towns. The participation of Chinese investors in the industrial sector is contributing share to the transfer of technology, he added. He further said that China in Ethiopia’s second biggest development partner after India. The amount of loan and aid Ethiopia received from china has reached over five billion birr. The cooperation between Ethiopia and china are mainly in the areas of infrastructure, railway, power generation, telecommunication, human resource development and sugar industry.
(The Ethiopian Herald)