bussines news

Ethio-China Cooperation Committee Aims to Build Platform to Increase Chinese Investment in Ethiopia

Ethiopia-China Cooperation Committee said it aims to build an all-round high-end service platform between Ethiopia and China to increase the business and investment of Chinese enterprises in Ethiopia. Ethiopia-China Cooperation Committee delegation led by the president of the committee Betty Xu discussed with Ethiopian Investment Commission Deputy Commissioner Temesgen Tilahun. The committee has also visited …

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Chinese, US Diplomats Hold Constructive Dialogue On Asia-Pacific Cooperation – Beijing

Chinese Vice Minister of Foreign Affairs Sun Weidong and US Assistant Secretary of State for East Asian and Pacific Affairs Daniel Kritenbrink have held a constructive dialogue on the countries’ bilateral relations in the Asia Pacific, the Chinese Foreign Ministry said on Friday. Sun and Kritenbrink met in Washington on Wednesday to discuss US-Chinese consultations …

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Harar, Wenshan Cities Keen To Establish Twinning Partnership

Ethiopia’s historic city of Harar and Chinese Wenshan city set sights to establish sister city partnership as they discuss twinning partnership between them. During a virtual discussion between the leadership of the two cities, Harari regional state chief administrator Ordin Bedri recalled that Ethiopia and China have shared strong and cooperative relations for centuries. “I …

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Ethiopia, China Deepening Bilateral Cooperation Through Strategic Partnership: Embassy Deputy Chief

The Chinese Embassy in Ethiopia together with the Chinese Mission to the AU marked the 74th Anniversary of the People’s Republic of China. In his opening remarks, Embassy Deputy Chief Shen Qinmin stated that the last 74 years have witnessed fruitful achievements out of China’s relentless efforts. China’s development will not be possible without the …

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AFRICA FINANCE CORPORATION (AFC) SECURES US$300 MILLION LOAN FROM THE EXPORT-IMPORT BANK OF CHINA TO BOOST TRADE FINANCE IN AFRICA

Africa Finance Corporation, the leading infrastructure solutions provider on the continent, today announced the successful signing of a US$300 million loan facility agreement with the Export-Import Bank of China (CEXIM). This landmark agreement, signed on the sidelines of the Asian Infrastructure Investment Bank (AIIB) Annual meetings in Egypt, is poised to drive increased trade finance …

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Ethiopian Airlines Announces Three Additional Weekly Flights To China’s Guangzhou

Ethiopian Airlines today announced three additional weekly flights to and from China’s city of Guangzhou. It is known that the Airline operates eight times weekly flights to and from China’s fifth most populous city, Guangzhou to date. The three new additional flights will increase the number of Ethiopian Airlines’ weekly flights to Guangzhou from seven …

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Development Bank of Ethiopia Set to Provide 20 Billion Birr Loan for SMEs

The Development Bank of Ethiopia has set to provide more than 20 billion Birr loans to Small and Medium enterprises (SMEs) during the current Ethiopia fiscal year. In countries such as Germany, South Korea, China, and Japan Small and Medium Enterprises (SMEs) are the starting point of their large economies. According to a study conducted …

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Ethiopian Forestry Dev’t, Chinese Forestry University Agree to Develop Bamboo Industry in Ethiopia

The Ethiopian Forestry Development and China’s Nanjing Forestry University have agreed to strengthen cooperation on the development of the bamboo industry in Ethiopia. The bamboo plant has vital economic value in addition to its contribution to sustainable land management and promoting a green economy. The Chinese are a pioneer in the exploitation of bamboo. In …

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