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PM encourages investors to invest in Ethiopia at BRF

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Addis Ababa, April 26, 2019 (FBC) –Prime Minister Dr Abiy Ahmed and his delegation attended the second Belt and Road Forum for International Cooperation (BRF) which was opened in Beijing, China today.

In his remarks during a high level meeting at the forum, the Premier highlighted the role the Addis Ababa – Djibouti railway is playing in facilitating trade between the two countries; testament to the connectivity principle of the Belt and Road Initiative.

Sharing the investment-led economic policy and reforms being undertaken, he encouraged more investors to participate in the newly opened up sectors, according to a Twitter post by office of the Prime Minister.

Ahead of the forum, the Prime Minister and his delegation met several Chinese officials, including President Xi Jinping and Prime Minister Li Keqiang to discuss the further strengthening of Ethiopia-China relations.

During the meeting, Chinese President admired the leadership of PM Dr Abiy and the reforms he has led over the past year, noting that China holds Ethiopia’s development in high regard.

President Xi also announced the cancellation of interest-free loans matured till end of 2018.

The two countries also signed a 1.8 billion US dollars investment agreement which covers provision of electric power transmission and distribution lines.

The project will supply power for up to 16 industrial parks; the Addis Ababa to Djibouti 2nd railway line and for different cities in the country.

The agreement will facilitate not only uninterrupted power supply but also enable the creation of jobs.