In particular at the horn of the continent, Chinese investment has drastically increased over the last two decades, aiding industrialisation and broader economic development. The Horn of Africa has been a major beneficiary of Chinese investment. In Ethiopia, China has funded its $475m light railway system in the capital and a $86m ring road. A McKinsley report in 2017 showed that the growth in Chinese investment has been uniformly high, at an average growth rate of more than 52% a year in Ethiopia. The Chinese government though has pushed back at critics who say it is saddling Africa with debt.

Source: Ethiopian News April 23, 2019 07:30 UTC