Lelise Neme, Commissioner for the Ethiopian Investment Commission (EIC), told Xinhua that the East African country has strategized different perspectives toward attracting more potential Chinese investors by facilitating and easing the country’s investment ecosystem, mainly across selected priority investment sectors.
According to figures from the EIC, despite the impact of COVID-19, some 30 Chinese investment projects have commenced implementation in Ethiopia during the first nine months of the current 2021/22 Ethiopian fiscal year which will end on July 7.
In 2021, bilateral trade volume reached 2.66 billion U.S. dollars, of which, China imported commodities of nearly 370 million U.S. dollars from Ethiopia, a year-on-year increase of 8.1 percent, according to EIC data.
According to the EIC Commissioner, in the short term, the Ethiopian government is working to attract potential Chinese and other foreign investors to invest inside the premises of industrial parks that were built across the East African country.
“We believe and want more Chinese investors can bring their capital and share their technology and know-how to our country. Our country is ready to attract them and accept them,” Lelise Neme said.
She said the Ethiopian government has facilitated “a plug-and-play environment” in the industrial parks for potential Chinese investors, particularly in the pharmaceutical, medical equipment and manufacturing sectors.
Original Article Source: Xinhua
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