In an effort to embrace the post-Covid era, China is progressively opening up to the rest of the globe. Economic recovery is crucial, and while the US and Europe are showing a lot of rekindled interest, China wants to stake out the alliance and assure African nations, such as Ethiopia, that it intends to stay there and expand on what it has already begun.
While Ethiopia is yet to announce the promised list of investment opportunities, its Minister of Finance, Ahmed Shide, is once again urging ambassadors to work on the matter of inviting foreign capital holders.
This comes amid news of the ceasefire following the two-year civil war in northern Ethiopia, although considerable risks still remain in Tigray and other regions.
Last year, Ethiopia launched a fund to lure billions of dollars in foreign investment, but the prolonged conflict put those plans on hold. Now, the government might be desperate to pile up investment incentives.
