ETHIOPIA: China Cancels Interest-Free Loan

Left-Right: Ethiopia's Prime Minister Abiy Ahmed, China's President Xi Jinping. Photo Credit: Africanews

The Ethiopian government has become a recipient of China’s benevolence, as the Asian country has written off Ethiopia’s debt is related only to interest-free loan up until 2018. This announcement was made by the Prime Minister’s office after a meeting China’s President Xi Jinping in Beijing. The cancellation of interest-free loan is in line with… Continue reading ETHIOPIA: China Cancels Interest-Free Loan