China Cancels Ethiopia’s Interest Free Loans

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China Cancels Ethiopia’s Interest Free Loans
China Cancels Ethiopia’s Interest Free Loans

China has cancelled all interest-free loans it had advanced to Ethiopia as at the end of year 2018, the Prime Minister Abiy Ahmed’s office confirmed on Wednesday. Analysts estimate that since 2000 Ethiopia has borrowed over $12bn from China – including funding for the Addis Ababa – Djibouti electric railway line linking the country with Djibouti, its main import / export route. PM Abiy and a high-level delegation arrived in Beijing on Tuesday to attend the second Belt and Road Forum for International Cooperation (BRF), which starts today (April 25) and ends on April 27.

CENTER FOR AFRICAN STUDIES

Center for Africa Studies (AFRAM) which located in Ankara, is an organization facilitating under the administration of African Affairs Council (AFAC). It makes various researches about Africa to enhance economic and cultural bounds between Africa and Turkey. AFRAM’s publishings has been shared with different institutions as they require to obtain.

AFRICA OBSERVATORY

Africa Observatory is one the publishing of AFRAM and it has been published each two weeks. It has been delivered to different institutions via e-mail.



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