(2012-05-16, (China Business Weekly))--Ethiopia has called for more foreign investment into the country's railways, as it plans to build a railway network of nearly 6,000 kilometers in the coming decade. The lack of infrastructure is one of the Africa's most serious economic challenges, said Ethiopian Ambassador to China Seyoum Mesfin recently at a forum in Macao.
"The development and interconnection of our infrastructure (power, telecom, roads and railways) will pull the region together towards market integration, sustainable growth and common development," he said. The World Bank estimates the continent as a whole has an annual infrastructure funding gap of $90 billion.
Mesfin said China's investment in his country was transforming the economic fortunes. "China has been playing an irreplaceable role in Ethiopia's economic transformation. China has unparalleled contribution towards funding our infrastructure." Read more from China Business Weekly »
Related topics:
India to invest $4.78 bn in Ethiopia
Ethiopia: We're open for business
Only the sky is the limit for Ethiopia’s development
በ5 ነጥብ 6 ቢሊዮን ዶላር የባቡር መስመር ግንባታ ተጀመረ
"The development and interconnection of our infrastructure (power, telecom, roads and railways) will pull the region together towards market integration, sustainable growth and common development," he said. The World Bank estimates the continent as a whole has an annual infrastructure funding gap of $90 billion.
Mesfin said China's investment in his country was transforming the economic fortunes. "China has been playing an irreplaceable role in Ethiopia's economic transformation. China has unparalleled contribution towards funding our infrastructure." Read more from China Business Weekly »
Related topics:
India to invest $4.78 bn in Ethiopia
Ethiopia: We're open for business
Only the sky is the limit for Ethiopia’s development
በ5 ነጥብ 6 ቢሊዮን ዶላር የባቡር መስመር ግንባታ ተጀመረ
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