The China-Africa Development Fund (CAD Fund) has expressed keen interest in investing in Ethiopia’s new international airport project, marking another step in the deepening economic ties between the two nations.

In a recent meeting between Ethiopia’s Ambassador to China, Tefera Derbew, and CAD Fund Vice President Yu Zhuorui, discussions centered on expanding Chinese investments in Ethiopia, particularly in large-scale infrastructure projects. 

The ambassador highlighted Ethiopia’s economic growth trajectory and emphasized the importance of attracting foreign investment to key sectors, including aviation, telecommunications, and state-owned enterprises.

Yu Zhuorui reaffirmed CAD Fund’s commitment to strengthening bilateral cooperation and underscored the need for joint consultations to facilitate investment. He announced that CAD Fund has stationed representatives in its Addis Ababa branch office to explore potential projects, including the new airport.

Ambassador Tefera assured that the Ethiopian government would provide all necessary support to facilitate CAD Fund’s activities in the country.

Established in 2006 as part of China’s policy measures under the Forum on China-Africa Cooperation (FOCAC), CAD Fund aims to encourage Chinese companies to invest in Africa. With an initial capital of $5 billion, the fund has played a pivotal role in financing various infrastructure and development projects across the continent.