Over the past 12 years, a Chinese footwear manufacturer in Addis Ababa, the capital of Ethiopia, has become a significant contributor to the local economy, creating over 8,000 jobs for local residents. This partnership between China and Ethiopia has not only provided employment opportunities but also fostered skills development and economic growth.
Now, the company is setting its sights on expanding its operations across East Africa. With plans to extend its reach, the manufacturer aims to further strengthen regional economies and enhance trade within the continent. A manager at the company expressed confidence in these expansion plans, attributing optimism to the longstanding friendship between Ethiopia and China, as well as Ethiopia’s recent membership in the BRICS bloc of developing nations.
Ethiopia’s inclusion in BRICS is seen as a pivotal step that could unlock new economic opportunities. The manager noted that BRICS membership provides Ethiopia with a platform to engage more deeply with other emerging economies, fostering increased investment and collaboration.
CGTN’s Huang Yue recently visited the factory to gain a closer look at its operations. The visit highlighted the company’s commitment to quality, innovation, and the well-being of its employees. Workers demonstrated dedication and skill, reflecting the positive impact of foreign investment on local communities.
The expansion into East Africa is expected to bring numerous benefits, including additional job creation, technology transfer, and enhanced regional trade. As the company grows, it not only contributes to the local economy but also strengthens the economic ties between China and East African nations.
The success of the footwear manufacturer exemplifies the potential of international cooperation in driving development. By working together, countries can achieve sustainable growth, improve livelihoods, and build a prosperous future for their people.
Reference(s):
cgtn.com
