Ethiopia, China Ink Investment Agreement Worth 1.8 billion USD

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Ethiopia, China Ink Investment Agreement Worth 1.8 billion USD
Following a meeting with State Grid Corporation of China, Ethiopian Prime Minister Abiy Ahmed oversaw the signing of a USD 1.8 billion investment agreement which covers provision of energy transmission and distribution lines.
This 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.
This agreement will facilitate not only uninterrupted power supply but also enable the creation of jobs.

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Meanwhile,Ethiopian Prime Minister Abiy Ahmed also met with the China Export and Credit Insurance Corporation (Sinosure). They guaranteed their full cooperation, particularly in enabling the materialization of the investment in energy by the State Grid Corporation of China.
This is a developing story, Please check back at the Horndiplomat for Updates.

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