ADDIS ABABA, (Xinhua) --
Ethiopian President Mulatu Teshome on Monday said Chinese
investment plays an indispensable role in the East African
country’s industrialization drive..
visiting the Chinese built Eastern Industry Zone, 37 km
south of Addis Ababa, he said the industrial zone, which
has more than 80 factories in it, is a showcase in how
with right management and planning Ethiopia’s transition
from an agriculture-based economy into an industrial
powerhouse in the next 10 years can be successful.
Industry Zone inaugurated in 2010 is Ethiopia’s first
industry zone that inspired the Ethiopian government
towards establishing more industry parks across the
country towards becoming the manufacturing hub of the
ago the land the Eastern Industry Zone currently lies on
was just an agricultural land, but with hard work it has
become today a showcase of high quality industrial
factories in sectors such as pharmaceuticals, pulp and
textile,” said Teshome.
“I hope our
local entrepreneurs will learn from the success of
Eastern Industry Zone and take this opportunity to enter
into the manufacturing sector,” he further said.
ADDIS ABABA, (Xinhua) --
Ethiopian President Mulatu Teshome ® visits
the Chinese built Eastern Industry Zone in the south of
Addis Ababa, Ethiopia, Aug. 13, 2018. President Mulatu
Teshome on Monday said Chinese investment plays an
indispensable role in the East African country’s
XINHUA PHOTO: MICHAEL
to Ethiopia Tan Jian, who accompanied the Ethiopian president in
his visit to the Eastern Industry Zone, said the bilateral
relationship can be a model of South-South cooperation.
Ethiopia has the
biggest economy in the East African region and the second
largest population in Africa with around 100 million people, he
In that regard,
China’s cooperation with Ethiopia can be seen as a model for
China-Africa and South-South cooperation, Tan told Xinhua.
and expertise have been crucial to build a 4 billion U.S.
dollars 756 km electrified rail line from Addis Ababa-Djibouti,
helping ease the bottleneck for landlocked Ethiopia and
assisting the East African country maintain its double-digit
economic growth over the last decade, said Tan.
partnership can be strengthened, be it infrastructure
development sector, industrial park development, agricultural
sector development and human resource development, said Tan.
“As part of our
multifaceted cooperation every year we provide 400 scholarships
to Ethiopians, as we see human resource development is very
important for our bilateral partnership,” said Tan.