Chinese businesses see Ethiopia as a strategic destination for investment in Africa: CPPCC Vice-Chairman

Addis Ababa, April 24, 2025 (FMC) – Chinese businesses see Ethiopia as a strategic destination for investment in Africa, according to Gao Yunlong, Vice-Chairman of the 14th National Committee of the Chinese People’s Political Consultative Conference (CPPCC), Chairman of the All-China Federation of Industry and Commerce (ACFIC), and President of the All-China Chamber of Industry and Commerce (ACCIC)

The CPPCC Vice-Chairman made this claim during his discussion with Chief Commissioner of Ethiopian Investment Commission (EIC) Zeleke Temesgen, at the EIC premises in Addis Ababa today.

The two sides held productive discussions focused on enhancing investment cooperation between Ethiopia and China, particularly in areas of industrial development, infrastructure, and manufacturing.

During the meeting, Chief Commissioner Zeleke expounded on Ethiopia’s reform-driven investment climate, emphasizing priority sectors and the government’s commitment to supporting foreign investors.

“The Ethiopian government is actively working to foster a more competitive and transparent investment environment. We believe this visit will further strengthen the longstanding partnership between Ethiopia and China,” he said.

Mr. Zeleke highlighted Ethiopia’s commitment to enhancing its investment climate and encouraged Chinese investors to take part in the upcoming Invest Ethiopia Forum, which will be held on May 12–13 in Addis Ababa.

Vice-Chairman Gao Yunlong expressed appreciation for Ethiopia’s hospitality and reaffirmed China’s interest in expanding mutually beneficial economic ties.

He noted that Chinese businesses see Ethiopia as a strategic destination for investment in Africa.

Following the bilateral meeting, the Chinese delegation participated in a Business-to-Business (B2B) session with prominent Ethiopian investors and private sector representatives. The forum served as a platform for direct engagement, exchange of business ideas, and exploration of joint ventures and partnerships.

The visit underscores the growing economic cooperation between Ethiopia and China and is expected to pave the way for increased trade and investment flows between the two countries.