Chinese Investors Created 28,000 Jobs in EthiopiaJuly 22, 2017 - The number of jobs created by Chinese investors in Ethiopia has reached more than 28,000, according to Xinhau. According to the report, a total of 28,391 jobs were created by 279 Chinese companies in Ethiopia during the period of January 2012 to January 2017, of which 20,072 were permanent while the remaining 8,319 were temporary jobs. The data from the Ethiopian Investment Commission further indicated that the 279 Chinese companies that were set operational during the reported period are additional to 100 other Chinese companies that are now currently under implementation in the country. The 279 Chinese companies have a registered financial capital of over 13.16 billion Ethiopian birr (over 572 million U.S. dollars), it was indicated. Construction, service and agricultural sectors are the other sectors hosting a great number of Chinese companies in Ethiopia, Africa’s second most populous nation.

Source: Ethiopian News July 22, 2017 11:37 UTC