| Undoubtedly, China’s Belt and Road Initiative (BRI) has the potential to open up new development pathways through infrastructure development, stimulating investment and job creation and promoting economic transformation in Ethiopia.
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Under BRI, China is cooperating with Ethiopia in infrastructure, green economy, agriculture and industrial park construction. All these mega projects are producing remarkable results, helping Ethiopia to rank among the fastest-growing economies in Africa. The Ethiopian government welcomes more and more Chinese companies and enterprises to invest and do business in Ethiopia which is good omen for the further development, scope, utility and strategic importance of the BRI in this country.
Interestingly, Ethiopia has vision 2030, which has been dubbed as an African beacon of prosperity. It prepared a ten-year perspective development plan which has six strategic pillars which consist of ensuring quality growth, improving productivity and competitiveness, undertaking institutional transformation, ensuring private sector leadership in the economy, ensuring equitable participation of women and children and building a climate resilient green economy. |
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