China express interest to invest in Ethiopia

YarnsandFibers News Bureau 2016-06-24 15:00:00 – Addis Ababa

Delegation leader of the three associations, China Textile Association, Hong Kong Chamber of Textile Association, and Chinese Chamber of Light Manufacturing, Helen Hai held talks with Prime Minister Hailemariam Dessalegn on ways of facilitating investment in Ethiopia yesterday.

During the occasion, the delegation leader and Goodwill Ambassador of United Nations Industrial Development Organization (UNIDO), Helen Hai said that the reason they are coming here is actually because Ethiopia is embarking a new chapter of development which is leading a successful example for Africa to follow.

The delegation leader appreciated the favorable business environment in the country and also signed a collaboration agreement with Ethiopian Investment Commission (EIC) and they are going to be partners.

Prime Minister Hailemariam Dessalegne affirmed that the country is ready to facilitate and solve any problem investors may face during their activities.

Hailemariam said that the light manufacturing industry sub-sector is one of the priority areas in Ethiopia and called on the three massive light manufacturing associations to inform other similar international companies about the actual situation in the country and persuade them to invest in Ethiopia.

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