Chinese firms explore investment opportunities in Ethiopia

Addis Ababa Aug 5 (IANS/MAP) A Chinese trade delegation representing six companies is visiting the Ethiopian capital to explore investment in low-cost housing and power generation in the country.

The CEO of the Touchroad International Holdings Group He Liehui who led the delegation met Ethiopian Prime Minister Hailemariam Desalegn and discussed market and workplace resources available for Chinese companies wishing to invest in the country.

The delegation said that Chinese companies wanted to set up a waste treatment plant to generate energy and build low-cost homes in the country. "We believe that Ethiopia will grow rapidly and we do not want to miss this opportunity to get involved and grow together " Liehui said.

Desalegn described the Chinese delegation visit as an "extension of the strategic partnership" between the two countries ensuring that Chinese companies receive all necessary support in accordance with Ethiopia s investment policy.

Chinese companies with nearly 379 projects over the past five years account for a lion s share of investment in the Ethiopian market.

--IANS/MAP
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