Chinese organization inaugurates Africa office in Ethiopia to facilitate investment

24 November 2017

Mergers, Acquisitions and Financial Results

ADDIS ABABA, Nov. 21 (Xinhua) -- China's tech hub city Shenzhen has consolidated economic partnership with Ethiopia by opening its Shenzhen Outbound Alliance (SOA) Africa branch office in Ethiopia's capital Addis Ababa on Tuesday.

SOA is a non-governmental organization formed to help Shenzhen companies to engage in outbound investment and cooperation.

Speaking at the SOA office inaugural event, Sun Tianlu, vice chairman and secretary of the Alliance said with the city's total economic output expected to hit 2 trillion yuan (302 billion U.S. dollars) in 2017, owing largely to high-tech products and services, it was natural that Shenzhen wanted to impart its successes to overseas destinations. Read the fullarticle on Xinhuanet here.