Ethiopia - Live discussion held on Russian television About Ethiopian Orthodox Case. Speaking exclusively to Xinhua, Mekonen Hailu, Communications Director at the EIC, said Chinese firms invest in various economic sectors in Ethiopia and are committed to long term investments.
According to figures from the Ethiopian Investment Commission (EIC), Chinese companies have executed about 1,564 investment projects that are presently either operational or under implementation during the past two decades, from 1998 to March 2020.
From the 1,564 Chinese investment projects in the nation, 987 of the projects are in operational phase, 186 are under the implementation phase, while the remaining 391 are in pre-implementation phase, it was noted.
Out of the 1,564 projects, some 1,133 projects are engaged in the manufacturing sector, which is a major priority investment area by the Ethiopian government, according to Mekonen.
- Ethiopian News