Chinese firms invest 4 bln USD in Ethiopia in 2 decades
The statement was made on Thursday by Meles Alem, Spokesperson of Ethiopia’s Foreign Ministry, citing Ethiopian and China’s deep political and economic relationship.
The prime minister, who attended and spoke at the Belt and Road Forum for International Cooperation held from May 14-15 in Beijing, visited several Chinese provinces and signed a 250-million-dollar loan agreement for an industrial park.
Desalegn also formally signed Ethiopia’s membership to the Asian Infrastructure Investment Bank (AIIB), making the Horn of Africa nation the 77th member.
“Ethiopia hopes with membership in AIIB to facilitate loans for various planned infrastructure projects,” Alem said.
China is Ethiopia’s largest trading partner with in 2015, the two countries trade relation reaching 6.37 billion dollars, while growing at an average 22.2 percent annually for the last several years.