ADDIS ABABA Ethiopia (Xinhua) --
Chinese investment to Ethiopia operating
in various sectors has reached 4 billion U.S. dollars, an
Ethiopian official said on Thursday.
Speaking to Xinhua,
Meles Alem, spokesperson of Ethiopia’s Ministry of Foreign
Affairs (MoFA), said around 600 Chinese investment projects
worth 4 billion U.S. dollars are operational in the East African
country ranging from manufacturing, infrastructure, agricultural
to education sectors.
He said with the two
countries signing a comprehensive strategic partnership
agreement in May 2017, the economic and political relationship
is expected to reach even more great heights including in new
areas like green economy, capacity development and knowledge
China-Africa cooperation forum
hailed as model for multilateral engagement
UNITED NATIONS New York (Xinhua) --
The Forum on China-Africa Cooperation (FOCAC),
which had its latest summit in Beijing earlier this week, was
hailed by an African diplomat as an effective model for
multilateral engagement with Africa.
“The fact that China
pursues the win-win cooperation and the ‘five-no’ approach in
its engagement with Africa renders FOCAC a strategic importance
not only as a model for South-South cooperation but also with
the potential to transform it into an exemplary platform for
international cooperation as well,” said Semungu H. Gebrehiwot,
minister counselor at the Permanent Mission of Ethiopia to the
United Nations, in New York on Friday.
approach is no interference in the development paths of
individual countries; no interference in their internal affairs;
no imposition of China’s will; no attachment of political
strings regarding assistance; and no seeking of selfish
political gains in investment and financing cooperation.
Once labeled as
“hopeless continent,” Africa is now on a path to transformation
and change, thanks to the major role played by China, Gebrehiwot
For nearly the past
decade, China has been Africa’s largest business and trading
partner. The recent announcement of 60 billion U.S. dollars of
financing package during the summit is another huge opportunity
that has far-reaching positive impact on Africa’s continued
development and stability, he said.
African leaders and
African Union officials have expressed the view that the Beijing
Declaration and the FOCAC Beijing Action Plan fully reflect the
priorities set by Africans in Agenda 2063, a strategic framework
that envisions creating an integrated, prosperous and peaceful
Africa, the Ethiopian diplomat said.
China is putting a
bulk of its fund on areas that matter most to African countries,
hastening their development, which would also meaningfully
contribute to addressing the root causes of conflicts in Africa,
when seven out of eight of the major initiatives China launched
during the FOCAC Beijing summit target socioeconomic and
development issues, he said.
FOCAC can serve as
an important tool for preventing conflicts, a priority
championed by the United Nations Secretary-General Antonio
Guterres since taking the UN’s highest office in January 2017,
He added that
through FOCAC, China is complementing AU’s Agenda 2063, UN’s SDG
2030 and vision of the UN reform proposal that was recently
endorsed by the General Assembly.