Source: Xinhua| 2017-07-19 04:18:54|Editor: AnVideo Player CloseADDIS ABABA, July 18 (Xinhua) -- Chinese companies, with close to 379 projects that were either operational or under implementation during the past five years, are on top of Ethiopia's investment landscape both in number and financial capital, an official at the Ethiopian Investment Commission (EIC) told Xinhua Tuesday. Construction, services and agriculture are said to be the other sectors hosting a great number of Chinese companies to Africa's second most populous nation. According to the Ethiopia's Foreign Ministry, Chinese companies have invested around 4 billion U.S. dollars in Ethiopia during the last two decades, creating job opportunities for over 111,000 Ethiopians on permanent and temporary basis. Meles Alem, Ethiopia's Foreign Ministry Spokesperson, told Xinhua recently that Ethiopia has targeted to attract new and existing Chinese companies to invest in various sectors in the country, the manufacturing sector in particular. The Asian country is Ethiopia's largest trading partner, registering a bilateral trade volume of 6.37 billion dollars in 2015.

Source: Ethiopian News July 18, 2017 20:26 UTC