Chinese companies powering Ethiopia's investment efforts amid COVID-19


  • World
  • Saturday, 24 Oct 2020

ADDIS ABABA, Oct. 23 (Xinhua) -- As Ethiopia strives to revive its business and investment from the brunt of COVID-19, the engagement of Chinese companies is powering the country's ambition.

According to recent figures from the Ethiopian Investment Commission (EIC), Ethiopia has secured 500 million U.S. dollars from foreign direct investment in the past three months, in which the manufacturing, agriculture and service sectors account for the highest share of revenue obtained in the first quarter of the Ethiopian fiscal year, which started on July 7.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

UN rights chief urges states to act on slavery reparations
China unveils measures to boost mainland-HK capital market cooperation
Chinese wildlife association to work with U.S. zoo on giant panda conservation
China releases list of top 10 highlights of copyright protection work in 2023
10 years on, China's first overseas dairy R&D center ushers in new upgrades
Kenya signs deal with UN to boost development of smart city
"Oracle Bone Script Art Showcase" kicks off in South Africa
Field announced for 2024 Volvo China Open as DP World Tour returns to China
Pan Zhanle wins two golds in China National Swimming Championships
87 killed, over 80 injured as heavy rains wreak havoc in Pakistan

Others Also Read