Ethiopia: Over $8.5 billion of Chinese investment boosts economy

  • General
  • October 23, 2024
  • 0 Comments

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

  • Related Posts

    Zimbabwe: $3.57 million to boost youth and women’s employment

    The African Development Fund has provided $3.57 million to Zimbabwe to support a project aimed at strengthening the skills and entrepreneurship of youth and women. The programme, which focuses on…

    Khalil Al Americani: ‘We want to participate in the digitalization of the DRC’

    Interview by Dounia Ben Mohamed Can you give us an overview of the evolution of the telecommunications sector in the DRC? The Democratic Republic of Congo (DRC) presents an interesting…