China’s Grand World Group eyes Ethiopia’s manufacturing sector for expansion

Addis Ababa, April 22, 2024 (FBC) – China’s Grand World Investment Holding Group has expressed its intention to explore investment prospects in Ethiopia within the manufacturing sector.

The investment group’s interest in investing in Ethiopia emerged during a conversation between Ambassador Dewano Kedir, Deputy Head of Mission at the Ethiopian Embassy in Beijing, and the president of the investment group, Mr. Wenguang Liu.

During the meeting, Mr. Wenguang Liu disclosed his investment group’s keen interest in investing in Ethiopia across various sectors including pharmaceuticals, agro-processing, electric car assembly, and charging stations. Furthermore, Mr. Liu revealed the group’s readiness to partake in the “Ethiopia Tamrt Expo” scheduled to take place from 9th to 13th May 2024 in Addis Ababa.

In response, Ambassador Dewano provided Grand World Group’s president with the Ethiopian Embassy’s unequivocal assurance of full support for the company’s endeavors in exploring investment opportunities in Ethiopia.

Grand World Investment Holding Group Co., Ltd, commonly known as Grand World Group, was founded in 2013 and is headquartered in Beijing. It operates as a diversified investment group with business interests spanning finance, real estate, agriculture, rural revitalization, and technology sectors.