Ethiopia: Chinese Prominent Steel Industry Firm to Explore Investment Possibilities in Ethiopia


Source: allafrica.com allafrica.com

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Addis Ababa — The Chinese prominent Steel industry, firm, Chongqing Iron and Steel Design Institute (CISDI Group Co., Ltd.), expressed interest to look into the possibility of investment in Ethiopia on Iron and Steel sector. Consul General of Ethiopia to China, Anteneh Tariku, held discussion with Vice President of CISDI Group, Dr. Zhang Yong, in Chongqing, China. On the occasion, Anteneh briefed the Vice President about Ethiopian current steel production capacity and the potential of iron ore resources, according to Ministry of Foreign Affairs. Both sides would reap a mutual benefit through coupling Ethiopian natural resources with the company's technology...