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China-Africa Trade Information Service
According to the report, the Ethiopian Public-Private Partnership Office (PPP) announced three new roads and 14 power supply projects, costing $7 billion.
With the industrialization of African countries, Chinese-built industrial parks and free trade zones have gained momentum in the socio-economic drive of the African continent.
Ethiopian Prime Minister Abiy Ahmed on Sunday inaugurated Adama industrial park.It is built by China Civil Engineering Construction Company.
At a dinner Friday for the Ethiopian business community at the Watergate Hotel in Washington, Prime Minister Abiy Ahmed highlighted opportunities in Ethiopia and urged the diaspora to come back and invest.
Recently, Ethiopia get into trouble for wheat shortage, which cause the price of flour increases.
Ethiopian Prime Minister Abiy Ahmed on Friday said the East African nation needs $7.5 billion to finish infrastructure projects such as a massive dam and roads that the government hopes will drive industrialization.
Ethiopia has signed an agreement to build two geothermal power plants at a combined cost of $4 billion, to be run by the country’s first privately-owned utility.
Checkered shirts for American chain Gap. Slate leggings for Swedish store H&M. Twill shorts for Germany’s Tchibo. They are among a growing list of clothes being stitched together for big brands in Ethiopia.
The manufacturing sheds inside the recently inaugurated Kombolcha Industrial Park are close to be fully occupied by foreign textile and apparel manufacturers, according to Ethiopian Investment Commission.