Centre Looks to Enhance Ethio-China Trade, Investment


Centre Looks to Enhance Ethio-China Trade, Investment

In a bid to enhance trade and investment between China and Ethiopia, the first Africa-China Investment and Trade Facility (ACTIF) center has been inaugurated last week at Hyatt Regency Hotel, with hopes of providing business services for companies seeking cooperation and business enhancement. The event saw academicians from both China and Ethiopia gathered in one room to launch the annual trade service. The center's services include market research, business matching, investment advisory, training and workshop, and legal consulting in the wider aim of enhancing investment relations between the two countries. The establishment of official bilateral relationships between China and Africa began in the late 1950s, with only a few countries being free of colonial rule at the time. As the modern China-Africa relationship nears 70 years, trade between the two reached an all-time high of 282 billion dollars last year. For Ethiopia, total merchandise imports reached five billion dollars in 2022, with close to 61pc coming from Asia, of which China constitutes half. The figure reflects a rise of 11pc from the previous year, which was a record. Ethiopia primarily exports oil seeds, flowers, coffee, and meat to China while it imports nearly everything from the world's second-biggest economy.


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Coffee Exports Bring in $1.5B in Third Quarter

Ethiopia has earned 1.5 billion dollars from coffee exports over the nine months of the fiscal year. The country had set a target to earn a little over a billion dollars by exporting 201,959tns of coffee during the same period. According to Adugna Debella (PhD), director general of the Ethiopian Coffee & Tea Authority, the export strategy continues to focus on major international markets, with the top 10 destinations, including Saudi Arabia, Germany, and the United States (SU), accounting...


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Central Bank Holds Fourth Exchange Auction

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City Registers 64,075 Births in Fiscal Year

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