Addis Ababa, 25 July 2015 (WIC) – China has pledged US$700-million loan to Ethiopia on Thursday during talks held in Addis Ababa between Ethiopian Prime Minister Hailemariam Desalegn and a Chinese delegation which called on him.
During the discussion with the Chinese delegation led by Jiang Jianqing, Chairman of the Board of Directors and Executive Director of Industry and Commercial Bank of China, Prime Minister Hailemariam said Ethiopia needs governmental and non-governmental financial institutions that can help it sustain its rapid growth.
In this respect, he said the willingness of the Industry and Commercial Bank of China to work with Ethiopia coincides with the interest of the country.
Hailemariam indicated that the request of Chinese financial companies to jointly work with Ethiopia is of mutual benefit to the two countries and the partnership would be consolidated in this regard.
Jiang Jianqing on his part said that the bank is ready to further collaborate with Ethiopia in industry and infrastructure development sectors in the future. (StarAfrica.com)