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The State Grid Corporation of China (SGCC) is going to be the second to invest in Ethiopia in energy development for the generation of electric power, Capital Reported. 

The US –Icelandic Reykjavik Geothermal Ltd, the other energy company, entered an agreement with the government to develop 1000 MW of electric power from geothermal resource in the southern parts of Ethiopia at a cost of USD 4 billion.

The Chinese bus manufacturing firm, Zhongtong Bus Holding Co. Ltd., has finalized preparations to supply latest public transport buses to Ethiopia.

Chinese company Zhejiang YaoHeng Photoelectric Technology (YaoHeng) has expressed interest to invest in Ethiopia's agro-processing sector, particularly in the production and export of rapeseed oil.

Chinese officials led by Secretory General of Jiangsu Province, Lou Zhijun, will start an official visit to Ethiopia starting from June 2, 2016.

Guangdong Chuanhui Group, a private Chinese developer has announced plan to build  Africa’s tallest building by 2017 in Addis Ababa, Ethiopia.  The site for the Chuanhui International Tower, 99-story office-hotel tower, is around the Addis Ababa Exhibition Center. The developer says it has acquired the 41,000 sq meter lot and the building plans have been approved.