Ethiopia: Over $8.5 billion of Chinese investment boosts economy

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  • October 23, 2024
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Chinese investors have poured over $8.5 billion into Ethiopia, creating thousands

of jobs, according to the Ethiopian Investment Commission (EIC). With 3,309 projects

led by Chinese companies, the country’s infrastructure and industry have seen

significant development. In 2023/2024, Ethiopia saw a 14% increase in

foreign direct investment, reaching $3.9 billion, supported by the increased involvement of

Chinese investors.

Source: Africa News Agency

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