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.

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