Ethiopia's finance minister meets Chinese ambassador

Ethiopia's Finance Minister Ahmed Shide met with Chinese Ambassador Chen Hai in Addis Ababa to discuss bilateral economic cooperation. The talks centered on financing the Bishoftu world-class airport project.

On Megabit 9, 2018 (Fana MC), in Addis Ababa, Finance Minister Ahmed Shide met Chinese Ambassador Chen Hai. The discussion revolved around bilateral economic cooperation, according to the Finance Ministry. It particularly addressed financing for the Bishoftu world-class airport project. Ambassador Chen Hai, along with high-level Ethiopian officials including EGIM Bank representatives, reviewed Ethiopia's debt restructuring under a 20-point plan. Mr. Ahmed Shide expressed gratitude to China for its contributions to Ethiopia's debt restructuring process. China affirmed its ongoing support for Ethiopia's broader development efforts.

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Photorealistic image depicting the construction of Bishoftu Airport in Ethiopia, financed via Wall Street model, with Ethiopian Airlines involvement and African Union Summit backdrop.
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Ethiopia adopts Wall Street model for Bishoftu Airport

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Ethiopia is employing a Wall Street-inspired financing model for the Bishoftu Airport project amid discussions at the African Union Summit. Ethiopian Airlines has contributed 700 million dollars as initial investment toward the 12.5 billion dollar venture. A special-purpose company will oversee borrowing, with financiers choosing contractors.

Ethiopia's Finance Minister Ahmed Shide met with Liu Yunfeng, deputy director general of China's International Development Cooperation Agency, in Addis Ababa. The discussion centered on advancing Ethiopia's development priorities through bilateral cooperation. Both nations agreed to expand ties in key sectors including infrastructure and health.

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The Ethiopian Airlines Group and Ministry of Finance held high-level talks with the Bank of China over financing the $12.5 billion Bishoftu International Airport project. The April 1, 2026 meeting aims to strengthen the financial package, with the African Development Bank leading as arranger.

In Addis Ababa, Ethiopian Prime Minister Dr. Abiy Ahmed met with Saudi Arabia's Foreign Minister Faisal bin Farhan Al Saud to discuss bilateral matters. The prime minister received the Saudi official and engaged in productive talks on various issues, as stated in a social media post. The discussions emphasized expanding long-term cooperation between the two nations.

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In Addis Ababa, Ethiopia's Foreign Minister Dr. Gedion Timothewos met with Uganda's Foreign Affairs and International Cooperation Minister Henry Oryem Okello. The two ministers discussed the significant roles of their countries in future peace and stability, focusing on relevant issues. This meeting occurred on the sidelines of the 48th African Union Executive Council ordinary session.

At the African Union leaders' summit in Addis Ababa, Prime Minister Abiy Ahmed met with South African President Cyril Ramaphosa and Burundi President Évariste Ndayishimiye. The discussions focused on strengthening relations and enhancing African unity.

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Ahmed Rostom, Egypt's Minister of Planning and Economic Development, met with Abdel Aziz Al Mulla, Executive Director for Arab countries at the World Bank, and Hisham Seif, Alternate Executive Director, to explore ways to deepen cooperation between Egypt and the World Bank Group. The meeting supports Egypt's path toward comprehensive and sustainable development and the goals of Egypt Vision 2030. Discussions focused on development financing and employment programs.

 

 

 

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