Chinese engagement driving Africa’s industrialization

Amid Africa’s growing quest to boost the manufacturing sector, experts from the continent and beyond have commended Chinese engagement in giving Africa a helping hand.

Speaking to Xinhua on Wednesday, Arancha Gonzalez, Executive Director of International Trade Center (ITC), emphasized China’s growing engagement and interest in Africa’s existing and emerging potential areas driving the continent’s industrialization.

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Ethiopia to Build Integrated Agricultural Processing Industrial Parks in Four States

The project fund was originally pledged during an event organized by Ethiopian Ministry of Trade and Industry . The event was organized by the Ministry of Trade and Industry after African Development Bank pledge for project funding.

Minster of Trade and Industry, Fetlework G/Egziabher, the state minster, higher level regional officials and project managers were present during the pledging ceremony.

The sponsorship for the project for agricultural processing comes from the African Development Bank, the Korea Exim Bank, the European Union, the United Nations industrial Development Organization (UNIDO) and Big Wynn.

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Ethiopia Attracts Over 3 billion US dollars Foreign Direct Investment

Ethiopia attracted 3.1 billion US dollars Foreign Direct Investment (FDI) in the concluded Ethiopian fiscal year which ended July 7, 2019.

Ethiopian Investment Commission disclosed today that Ethiopia is the biggest FDI recipient in east Africa nations and the fifth largest FDI destination in Africa as a whole.

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