Leather Factory to Become Latest Chinese Investment in Ethiopia
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China’s Xinxiang Kuroda Mingliang Leather Co. will open a $67 million leather factory in Ethiopia on Nov. 24, adding to the billions of dollars already invested in the East African country by China.
Xinxiang financed 55 percent of the project, with the remainder coming from the China-Africa Development Fund, the Chinese embassy in Ethiopia said in an e-mailed statement today.