ADVERTISEMENT
Africanian
  • News
  • News 24/7
  • Politics
  • Business
  • Health
  • Sports
  • Travel
  • World
    • US
    • Russia
    • Europe
    • Asia
    • America
  • Events
No Result
View All Result
Africanian
No Result
View All Result
Home News

Ethiopia: Towards the modernization of urban life

Ethiopia is positioning itself as a leader in Africa's industrialization and economic modernization process, with China accompanying the country as a key partner on this path.

in News
Reading Time: 2 mins read
0 0
0
China: Xi Jinping proposes an inclusive future for Asia-Pacific
0
SHARES
Share on FacebookShare on TwitterShare via Whatsapp

During the China-Africa Cooperation Forum (FOCAC) Summit held in September, Ethiopian Prime Minister Abiy Ahmed highlighted China’s key role in driving self-sufficient development for African nations. In his meeting with Chinese President Xi Jinping, Abiy emphasized how China’s experience, combining modernization and historical preservation, offers valuable lessons for Ethiopia’s urbanization and economic growth.

One of the main examples of this collaboration is the Addis Ababa Special Economic Zone, launched in August 2024. This 35-hectare project, developed by China Communications Construction Company (CCCC), is transforming Ethiopia’s capital into an international trade hub and a high-end residential area. With the first phase expected to be completed in three years, the project aims not only to improve urban infrastructure but also to create jobs and raise the standard of living for the population.

Benin: €15 Million to “boost” industrialization

The partnership between China and Ethiopia has also fostered significant industrial growth. A notable example is the Huajian Group’s shoe factory in Ethiopia’s Eastern Industrial Park, which, under the guidance of Chinese economist Lin Yifu, has created more than 8,000 jobs and exports products to international markets. Lin emphasizes that leveraging local resources, such as Ethiopian labor and leather, is key to driving industrial development in Africa.

China not only supports Ethiopia but is also expanding its economic influence across the continent. The 8th China-Africa Entrepreneurs Conference, held during the FOCAC summit, demonstrated the growing interest of Chinese companies in investing in sectors such as digital technology, artificial intelligence, and biopharmaceuticals. Zhang Shaogang, Vice President of the China Council for the Promotion of International Trade (CCPIT), highlighted the complementarity between Chinese industries and Africa’s development needs, urging entrepreneurs to collaborate in areas such as supply chain integration and infrastructure development.

More

In Tanzania, the Kibuka community has improved their household economy by more than 50%.

Lesotho increases blood collection by 70% between 2017 and 2024

RevUp Women Initiative Launches Nigeria Edition at Lagos Startup Week 2025

Digital infrastructure has also been a pillar of cooperation, with Chinese companies supporting network services for over 700 million African users. This has boosted e-commerce in countries like Ethiopia and South Africa, facilitating digitalization and logistics. Trade between China and Africa reached $282.1 billion in 2023, reflecting the steady growth of a relationship that has created over 1.1 million jobs across the continent in the past three years.

The collaboration between China and Ethiopia underscores a development model that can serve as an example for other African countries. With strategic projects like the Addis Ababa Special Economic Zone and the success of the manufacturing industry, Ethiopia is positioning itself as a leader in Africa’s industrialization and economic modernization process, with China as a key partner in this journey.

Africanian

Africanian

  • Trending
  • Comments
  • Latest
Rwanda combines youth innovation and circular economy to build a resilient nation

Rwanda combines youth innovation and circular economy to build a resilient nation

July 3, 2025
Weather in South Africa: Climate and Seasons

Weather in South Africa: Climate and Seasons

August 25, 2020
7 Tracks, 1 Future: AfriLabs Annual Gathering 2025 Sets the Stage for Africa’s Innovation Renaissance

7 Tracks, 1 Future: AfriLabs Annual Gathering 2025 Sets the Stage for Africa’s Innovation Renaissance

June 25, 2025
In Tanzania, the Kibuka community has improved their household economy by more than 50%.

In Tanzania, the Kibuka community has improved their household economy by more than 50%.

July 11, 2025
Lesotho increases blood collection by 70% between 2017 and 2024

Lesotho increases blood collection by 70% between 2017 and 2024

July 8, 2025
Nigeria accelerates economic transformation with key reforms and signs of recovery

Nigeria accelerates economic transformation with key reforms and signs of recovery

July 7, 2025
Twitter Instagram Youtube Facebook
No Result
View All Result

Africanian News

Is a dedicated project aimed at amplifying the voices of the African Ecosystem and Diaspora. We actively collaborate with initiatives to improve access to education and digital inclusion, both in traditional schools and through digital platforms, for African children.

It’s crucial to emphasize that none of the articles or images featured on our platform are intended for copyright infringement, neither now nor in the future. If you believe that any information, text, image, etc., may be subject to copyright and should be removed, please notify us by sending an email to [email protected]

Your dreams matter; your stories matter.

Feel free to explore collaboration opportunities with us. Share your articles, thoughts, interviews, experiments, or no-comment videos by reaching out to [email protected]. You can also subscribe to our mailing list to receive the latest updates from Africanian News.

© 2024 Africanian News: From Africa, by Africans, for Africa, and friends of Africa.

No Result
View All Result
  • News
  • Politics
  • Business
  • Health
  • Sports
  • Entertainment
  • Tech
  • Travel
  • World

© 2024 Africanian News: From Africa, by Africans, for Africa, and friends of Africa.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Log In

Sign In

Forgot password?

Don't have an account? Register

Forgot password?

Enter your account data and we will send you a link to reset your password.

Back to Login

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Accept

Add to Collection

  • Public collection title

  • Private collection title

No Collections

Here you'll find all collections you've created before.