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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: elmatador who wrote (114028)11/1/2015 9:53:39 AM
From: ggersh  Read Replies (2) | Respond to of 218621
 
A gateway to the rest of Africa, cheaper labor or both?

It does sound good for Ethiopia, do you have a handle on all this?

Ethiopia's deputy finance minister, Ahmed Shide, said the relationship with China is "based on changing people's lives, on building infrastructure and enabling countries to eradicate poverty".
Ethiopia's plans to take advantage of its plentiful manpower and become a light manufacturing hub is an extra incentive for China, he explained.

For China's part, an official from the Chinese embassy - speaking on condition of anonymity because he wasn't authorised to talk to the media - said Ethiopia's relative safety, low levels of corruption, efficient bureaucracy, and cheap production costs are driving China's investment.