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China and Ethiopia signed business and loan agreements

Tigrai Onlne - May 04, 2014

Ethiopian Prime Minister Hailemariam Desalenge and Chinese Prime Minister Li Keqiang

China has signed a raft of agreements with Ethiopia as the country's premier, Li Keqiang, arrived for the first leg of his four-nation Africa tour.

Chinese ministers and company executives accompanying Mr Li have signed 16 deals with their Ethiopian counterparts, including loans and cooperation agreements for the construction of roads and industrial zones.

"This right track in the relationship between us has been laid. I am sure it will lead us to stronger growth in our ties," Mr Li told a press conference.

Chinese firms have invested heavily in Ethiopia in recent years with their worth swelling well over $US1 billion in 2014, according to official figures.

Source: ABC news - Read more

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