Ethiopia-China Investment, dev’t cooperation elevating to new heights 

Addis Ababa, September 8, 2024 (FBC) – Chinese Professor Wang Xingping underscored that the Ethio-China investment and development cooperation have been elevating the bilateral relationship of the two countries to a new heights.

The professor elaborated that the partnership between the two countries, dating back to the early 1970s, has remained steadfast through various governmental changes.

According to the professor, the foundation for the cooperation was laid by Emperor Haile Selassie I and Mao Zedong.

Over the decades, particularly since the China-Africa Cooperation Summit began two decades ago, the scope of Ethiopia-China collaboration has expanded significantly.

A notable milestone was the upgrade of their diplomatic relations to All Weather Strategic Cooperation Partnership in October 2024, he said, adding that this was further strengthened at the recent China-Africa Cooperation Conference, where Ethiopia and China signed 17 memorandums of understanding.

Professor Wang Xingping also highlighted the tangible results of Ethio-China development cooperation and investment.

Chinese companies have made substantial contributions to Ethiopia’s economic growth through their involvement in construction, industry, and various investment sectors. Moreover, they have played a crucial role in transferring knowledge and technology, he added.

The recent China-Africa Cooperation Summit, where the Chinese President announced a new initiative to support African development, promises to further elevate the partnership.

Professor Wang Xingping emphasized the potential of strengthening Ethio-China cooperation in education to effectively build human capital.

The recent China-Africa Cooperation Conference, where Prime Minister Abiy Ahmed along with other African leaders participated, witnessed Ethiopia and China sign a significant 17 memoranda of understanding.

Professor Wang Xingping from the School of Architecture at Southeast University of China emphasized the tangible progress made in Ethio-China’s development cooperation and investment.

Chinese companies operating in Ethiopia and across Africa have actively contributed to economic growth through their involvement in construction, industry, and various investment sectors.

Professor Wang further highlighted the effective transfer of knowledge and technology facilitated by these Chinese companies.

Professor Wang stressed the importance of strengthening Ethio-China cooperation, particularly in the field of education, as a means to effectively build human resources, ENA reported.