The COVID 19 and the unrest in the north, according to China, have damaged its investment in Ethiopia. This year, they claim, is crucial for restoring it

One of the largest foreign investors in Ethiopia, China, claims that its investment has suffered as a result of recent unrest in several areas and the conflict in the nation’s north.

The majority of the 140,000 Chinese workers in Ethiopia, according to Shen Quimin, Minister Counselor of the Chinese Embassy in Ethiopia, have returned to China as a result of the coronavirus and the unrest in the north.

He added that there were 1,000 Chinese-owned companies prior to the war, but that number has significantly dropped since then.

He believes that the recent peace agreement in western Oromia and the decision to put an end to the conflict in the north are positive signs for China’s investment in this area.

He made it clear that new Chinese investors are expressing interest in making investments in Ethiopia and that some Chinese companies that had been forced to close their doors after the peace agreement are starting up again.

Fidel Post asked the counselor to respond to the charge that China is not imparting much knowledge to its businesses in Ethiopia.

“No, it is wholly untrue. Ethiopians make up 90% of the workforce in our local businesses. We do not believe that we can eat alone as a country. From Ethiopia, we are importing a large number of agricultural goods, including coffee. Even now, we want to take more.”

“We are creating opportunities for Ethiopians to create jobs in the future through the work we do. That’s what we’re after. to use, work with, and develop together. A company that operates for personal gain is lifeless. He clarified.

The post The COVID 19 and the unrest in the north, according to China, have damaged its investment in Ethiopia. This year, they claim, is crucial for restoring it appeared first on Fidel Post.

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