Chinese financial powers are cooling on the idea of investing in Ethiopia as the East African nation’s economy faces fresh challenges, according to reports.
A $10 million bridge being built by Chinese engineers in Kenya has collapsed, injuring 28 people, a matter of days after President Uhuru Kenyatta made a personal inspection visit.
South Sudan says it is seeking a $1.9 billion loan from China to develop its oil fields and roads.
Ethiopia’s economic growth over the last decade has captured the world’s attention. However, manufacturing is a key sector where the country still falls below the African average – and plans are in motion to change that.
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