A delegation of Chinese investors, arriving in Addis Ababa today, has expressed strong interest in engaging in Ethiopia’s agricultural technology and business sectors, recognizing the vast potential the country offers. The group, led by Zhuang Jianrong, Director of Foreign Economy and Trade of the Beijing Municipal Bureau of Commerce, met with key officials from the Ethiopian Investment Commission (EIC) to explore opportunities for deeper cooperation.
The discussions highlighted Ethiopia’s strategic position as an attractive investment destination for foreign investors, particularly from China. The two parties explored various avenues for foreign direct investment (FDI) with a focus on fostering long-term partnerships in agriculture and related business ventures. Ethiopia’s unique potential in these sectors, coupled with its rich natural resources and growing market, has drawn significant interest from Chinese firms seeking to expand their footprint in Africa.
During the meeting, EIC officials emphasized Ethiopia’s commitment to creating a conducive environment for investment by offering improved frameworks and incentives. They also underscored the government's focus on enhancing infrastructure, technological integration, and sustainable practices in the agricultural sector, which aligns with China's expertise in agricultural innovation.
The Ethiopian Investment Commission further announced plans to collaborate closely with the Beijing Municipal Bureau of Commerce to strengthen bilateral trade and investment ties, aiming to facilitate the entry of more Chinese companies into Ethiopia’s burgeoning sectors. This partnership is expected to drive job creation, technology transfer, and boost Ethiopia's overall economic growth.
Speaking on behalf of the delegation, Zhuang Jianrong emphasized Ethiopia’s vast investment potential and reaffirmed China's willingness to contribute to its economic development. He noted that beyond agriculture, Chinese investors are keen to explore opportunities in various other industries, making this collaboration a key element in enhancing Ethiopia-China economic relations.