Off the wire
1st LD: U.S. House passes revised Republican tax bill, sending it to Trump  • Six missing aid workers return safely in South Sudan: UN  • Germany offers additional 1 mln euros in support for S. Sudanese refugees, host communities in Uganda  • Growth forecast for Dubai economy stands at 3.2 pct in 2017  • Gold nanoparticles possibly broad-spectrum treatment against viruses: Swiss study  • Ugandan legislators start final stage on removal of presidential age limit  • U.S. confirms multiple deaths of American citizens in Mexico bus crash  • Ujah returns to Bundesliga side Mainz  • Fitch cautiously optimistic about South Africa's economy  • Ruthenbeck named as Cologne head coach until end of season  
You are here:  

Private Chinese investment hits 269 mln USD in Ethiopian in 2017

Xinhua,December 21, 2017 Adjust font size:

ADDIS ABABA, Dec. 20 (Xinhua) -- Private Chinese investment to Ethiopia worth 269.4 million US dollars has been commissioned since the start of 2017, an Ethiopian official said on Wednesday.

Mekonen Hailu, Communications Director at Ethiopia Investment Commission, said 68 Chinese projects became operational and 41 entered final implementation phase in the first 11 months of the year.

"The biggest number of Chinese investment to Ethiopia has been in the manufacturing sector, followed by construction, real estate, consultancy and other sectors," he added.

He further said private Chinese firms' investment is the single largest foreign direct investment source to Ethiopia in 2017 with investment from Indian and Dutch firms following in second and third positions.

China is already Ethiopia's largest trading partner, with trade volume between the two nations reaching 6 billion dollars in 2015. Enditem