Chinese, French Companies Seek to Invest in Ethiopia

Chinese companies, with close to 1,564 projects that were either operational or under implementation during the past two decades, are the top players in Ethiopia's investment landscape both in terms of the number of projects and the financial capital, an official at the Ethiopian Investment Commission (EIC) said. Figures from the EIC also showed that these projects registered an accumulative investment capital worth over 43.1 billion Ethiopian birr (over U.S.$1.1 billion). This comes as prominent French companies also show interest to invest in Ethiopia in the area of energy, logistics, and telecom sector, according to French Ambassador to Ethiopia, Remi Marechaux.

Ethiopian birr (file photo).

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