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Join hands to walk on the road of modernizationNew development in China, sharing opportunities with EthiopiaBy Chen Hai

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Join hands to walk on the road of modernization
New development in China, sharing opportunities with Ethiopia
After the closing of the sessions of the National People’s Congress and the Chinese People’s Political Consultative Conference, General Secretary Xi Jinping visited Guizhou and Yunnan. In the ancient town of Lijiang, Yunnan, Xi Jinping walked along the stone road and had cordial exchanges with local residents and tourists along the way. “General Secretary, can I buy you a cup of coffee?” General Secretary Xi Jinping replied cordially: “Yunnan coffee is in a good position to represent China.”
Yunnan has fertile soil, abundant sunshine, and rich rainfall. The excellent geographical and climatic conditions make it a treasure land for the growth of small-grain coffee. Small-grain coffee has a unique flavor of “thick but not bitter, fragrant but not strong, and slightly acidic”. Today, Yunnan’s coffee planting area and output are both the highest in China.
When talking about coffee, one will naturally think of Ethiopia, the birthplace of coffee in the world. The aromatic Ethiopian coffee and the long-standing coffee ceremony have become a unique cultural landscape and an indispensable experience for tourists visiting Ethiopia. Coffee planting started relatively late in China, but it is one of the fastest growing countries in the world in terms of coffee consumption. Chinese consumers are willing to try high-quality coffee from different origins and with different flavors. Ethiopian coffee is increasingly favored by Chinese consumers, and prospects for China-Ethiopia coffee cooperation are broad.
General Secretary Xi Jinping also visited the Yunnan flower market and asked to focus on the entire industry chain and work hard from the seed industry, planting and market ends to make this beautiful industry a happy industry that benefits the people. Ethiopia is the second largest flower producer and major flower exporter in Africa, and has accumulated rich experience in flower planting, processing and export. China’s flower industry is large in scale, with sufficient consumption potential, and mature technologies such as preservation and cold chain. I believe that with the joint efforts of both sides, flower industry is expected to become a new growth point for China-Ethiopia cooperation.
Coffee and flower are just a microcosm of China-Ethiopia practical cooperation. During the last 55 years since the establishment of diplomatic relations between China and Ethiopia, especially in recent years, the two sides have continuously expanded the scope of cooperation, innovated cooperation model, and improved the quality of cooperation. In particular, the joint construction of the “Belt and Road” has achieved fruitful results, which helped promote Ethiopia’s industrialization and modernization process, and benefited the two countries and peoples. Last September, General Secretary Xi Jinping proposed the 10 major partnership actions for China and Africa to jointly promote modernization at the Beijing Summit of the Forum on China-Africa Cooperation, which charted the course for China-Ethiopia cooperation. Since December last year, China has granted zero tariff treatment to 100% of tariff items of products from all the least developed countries that have established diplomatic relations with China, including Ethiopia, in order to boost the development of African industries, promote job growth and poverty reduction. This demonstrates China’s responsibility as a major country and its determination to promote inclusive economic globalization. Since the implementation of this preferential policy a few months ago, the speed at which Ethiopian high-quality products enter China has accelerated. The Chinese side will work together with the Ethiopian side to encourage enterprises from both sides to make good use of policies and channels such as the China-Africa Economic and Trade Expo, the China International Import Expo and other large-scale exhibitions and the “green channel” for agricultural products to China, so that more and better Ethiopian products can enter the Chinese market and more Chinese people can share the fruits of Ethiopia’s development.
This year, China’s National “Two Sessions” proposed to develop new quality productivity according to local conditions and accelerate the construction of a modern industrial system. New quality productivity represents the future direction of scientific and technological development and is also the only way for China and Ethiopia to achieve modernization. China will focus more on large-scale application demonstration actions of new technologies, new products, and new scenarios, continue to promote “artificial intelligence +”, vigorously develop intelligent networked new energy vehicles, artificial intelligence mobile phones and intelligent robots, and expand the large-scale application of 5G communication technology. In fact, China and Ethiopia have successfully explored cooperation in developing new productivity. For example, the Telebirr electronic payment platform developed by Ethio Telecom with the participation of Chinese companies has been widely used in daily consumption in Ethiopia. It is also adding functions such as transportation, takeout, and short plays. In fact, it has become Ethiopia’s “Alipay” and e-commerce platform. Chinese new energy vehicles can be seen everywhere on the streets of Addis Ababa. Whether it is traditional industries or emerging industries, or the large number of Chinese factories active in Ethiopian industrial parks, they are all working hard to open up better prospects for China-Ethiopia cooperation.
In 2025, China will continue to contribute one-third of global economic development with a growth target of about 5%. Against the backdrop of increasing uncertainty in the global economy, China will stabilize the uncertain world with certainty, further expand opening up and international cooperation, continue to advance the Chinese-style modernization process, and form a higher level of benign interaction through domestic and international dual circulation. I firmly believe that a peaceful, stable, developing and prosperous China will bring new and greater opportunities for Ethiopia’s economic and social development. China is willing to follow the three initiatives proposed by General Secretary Xi Jinping, namely, the Initiative to Support African Industrialization, China’s Plan to Help African Agricultural Modernization, and the China-Africa Talent Training Cooperation Plan, to further implement the outcomes of the Beijing Summit of the Forum on China-Africa Cooperation and walk together on the road to modernization.
Chen Hai is Ambassador Extraordinary and Plenipotentiary of the People’s Republic of China to the Federal Democratic Republic of Ethiopia

After the closing of the sessions of the National People’s Congress and the Chinese People’s Political Consultative Conference, General Secretary Xi Jinping visited Guizhou and Yunnan. In the ancient town of Lijiang, Yunnan, Xi Jinping walked along the stone road and had cordial exchanges with local residents and tourists along the way. “General Secretary, can I buy you a cup of coffee?” General Secretary Xi Jinping replied cordially: “Yunnan coffee is in a good position to represent China.”
Yunnan has fertile soil, abundant sunshine, and rich rainfall. The excellent geographical and climatic conditions make it a treasure land for the growth of small-grain coffee. Small-grain coffee has a unique flavor of “thick but not bitter, fragrant but not strong, and slightly acidic”. Today, Yunnan’s coffee planting area and output are both the highest in China.
When talking about coffee, one will naturally think of Ethiopia, the birthplace of coffee in the world. The aromatic Ethiopian coffee and the long-standing coffee ceremony have become a unique cultural landscape and an indispensable experience for tourists visiting Ethiopia. Coffee planting started relatively late in China, but it is one of the fastest growing countries in the world in terms of coffee consumption. Chinese consumers are willing to try high-quality coffee from different origins and with different flavors. Ethiopian coffee is increasingly favored by Chinese consumers, and prospects for China-Ethiopia coffee cooperation are broad.
General Secretary Xi Jinping also visited the Yunnan flower market and asked to focus on the entire industry chain and work hard from the seed industry, planting and market ends to make this beautiful industry a happy industry that benefits the people. Ethiopia is the second largest flower producer and major flower exporter in Africa, and has accumulated rich experience in flower planting, processing and export. China’s flower industry is large in scale, with sufficient consumption potential, and mature technologies such as preservation and cold chain. I believe that with the joint efforts of both sides, flower industry is expected to become a new growth point for China-Ethiopia cooperation.
Coffee and flower are just a microcosm of China-Ethiopia practical cooperation. During the last 55 years since the establishment of diplomatic relations between China and Ethiopia, especially in recent years, the two sides have continuously expanded the scope of cooperation, innovated cooperation model, and improved the quality of cooperation. In particular, the joint construction of the “Belt and Road” has achieved fruitful results, which helped promote Ethiopia’s industrialization and modernization process, and benefited the two countries and peoples. Last September, General Secretary Xi Jinping proposed the 10 major partnership actions for China and Africa to jointly promote modernization at the Beijing Summit of the Forum on China-Africa Cooperation, which charted the course for China-Ethiopia cooperation. Since December last year, China has granted zero tariff treatment to 100% of tariff items of products from all the least developed countries that have established diplomatic relations with China, including Ethiopia, in order to boost the development of African industries, promote job growth and poverty reduction. This demonstrates China’s responsibility as a major country and its determination to promote inclusive economic globalization. Since the implementation of this preferential policy a few months ago, the speed at which Ethiopian high-quality products enter China has accelerated. The Chinese side will work together with the Ethiopian side to encourage enterprises from both sides to make good use of policies and channels such as the China-Africa Economic and Trade Expo, the China International Import Expo and other large-scale exhibitions and the “green channel” for agricultural products to China, so that more and better Ethiopian products can enter the Chinese market and more Chinese people can share the fruits of Ethiopia’s development.
This year, China’s National “Two Sessions” proposed to develop new quality productivity according to local conditions and accelerate the construction of a modern industrial system. New quality productivity represents the future direction of scientific and technological development and is also the only way for China and Ethiopia to achieve modernization. China will focus more on large-scale application demonstration actions of new technologies, new products, and new scenarios, continue to promote “artificial intelligence +”, vigorously develop intelligent networked new energy vehicles, artificial intelligence mobile phones and intelligent robots, and expand the large-scale application of 5G communication technology. In fact, China and Ethiopia have successfully explored cooperation in developing new productivity. For example, the Telebirr electronic payment platform developed by Ethio Telecom with the participation of Chinese companies has been widely used in daily consumption in Ethiopia. It is also adding functions such as transportation, takeout, and short plays. In fact, it has become Ethiopia’s “Alipay” and e-commerce platform. Chinese new energy vehicles can be seen everywhere on the streets of Addis Ababa. Whether it is traditional industries or emerging industries, or the large number of Chinese factories active in Ethiopian industrial parks, they are all working hard to open up better prospects for China-Ethiopia cooperation.
In 2025, China will continue to contribute one-third of global economic development with a growth target of about 5%. Against the backdrop of increasing uncertainty in the global economy, China will stabilize the uncertain world with certainty, further expand opening up and international cooperation, continue to advance the Chinese-style modernization process, and form a higher level of benign interaction through domestic and international dual circulation. I firmly believe that a peaceful, stable, developing and prosperous China will bring new and greater opportunities for Ethiopia’s economic and social development. China is willing to follow the three initiatives proposed by General Secretary Xi Jinping, namely, the Initiative to Support African Industrialization, China’s Plan to Help African Agricultural Modernization, and the China-Africa Talent Training Cooperation Plan, to further implement the outcomes of the Beijing Summit of the Forum on China-Africa Cooperation and walk together on the road to modernization.
Chen Hai is Ambassador Extraordinary and Plenipotentiary of the People’s Republic of China to the Federal Democratic Republic of Ethiopia

1. Name Etagegnehu Alemayehu

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2. Education (School Level)

Bachelor’s Degree in Accounting and Finance

3. Company name (የመስሪያቤቱ ስም)

Etage Traditional Costumes

4. Title (የስራ ድርሻ)

Owner

5. Founded in (መቼ ተመሰረተ)

2020

6.What it does (ምንድነዉ የሚሰራው )

Selling traditional costumes made with modern designs

7. Headquarters (ዋና መስሪያቤት )

Adama

8. Start-up capital (በምን ያህል ገንዘብ ስራዉን ጀመርሽ/ክ)

100,000 birr

9. Current capital (የአሁን ካፒታል)

2 million birr

10. Number of employees (የሰራተኞች ቁጥር)

4

11. Reason for starting the business (ለስራው መጀመር ምክንያት)

To promote Ethiopian traditional clothing in a modern way

12. Biggest perk of ownership (የባለቤትነት ጥቅም)

Turning my own design idea into reality

13. Biggest Strength (ጥንካሬሽ/ህ)

Focusing on creativity and quality

14. Biggest Challenge (ተግዳሮት )

Obtaining quality raw materials

15. Plan (እቅድ)

To make the world aware of traditional Ethiopian Costumes

16. First career path (የመጀመሪያ ስራ)

Worker in tailoring

17. Most interested in meeting (ማግኘት የምትፈልገው/ጊዉ ሰዉ)

Eshetu Melesse

18. Most admired person (የምታደንቂዉ ሰዉ)

Myself

19. Stress reducer (ጭንቀትን የሚያቀልልህ/ሽ)

Listening to traditional music

20. favorite book ( የመፅሐፍ ምርጫ)

None

21. Favorite pastime (ማድረግ የሚያስተደስትህ/ሽ)

Spending time with my son

22. Favorite destination to travel to ( ከኢትዮጵያ ዉጪ መሄድ የምትፈልጊ/ገዉ ስፍራ)

Ireland

23. Favorite automobile (የመኪና ምርጫ)

None

Africa’s rising debt burden

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The rising debt burden in Africa, particularly among its Least Developed Countries (LDCs), has become one of the most pressing challenges of our time. With debt servicing costs consuming an increasing share of national budgets, the continent faces a growing threat to its ability to achieve sustainable development goals (SDGs). This alarming trend not only undermines macroeconomic stability but also diverts critical resources away from essential sectors like healthcare, education, and social protection.

Africa’s external debt reached a staggering $824 billion in 2021, with many countries dedicating over 40% of their domestic revenue to debt servicing. In some cases, such as Kenya, this figure has climbed as high as 58.8%. The opportunity costs are enormous—funds that could be spent on improving public services or reducing poverty are instead being funneled into debt repayment.

The situation is exacerbated by the shift from concessional financing to more expensive commercial debt, including Eurobonds, which now account for 44% of Africa’s total debt. Unlike concessional loans, commercial debt is subject to volatile interest rates and is far more difficult to renegotiate. Additionally, opaque resource-backed loans have further complicated debt resolution efforts, locking countries into unfavorable terms that compromise their future growth.

The drivers of Africa’s debt crisis are multifaceted. Large-scale infrastructure projects often rely on short-term financing instruments that fail to align with the long-term returns these investments are meant to generate. External shocks such as the COVID-19 pandemic, rising global interest rates, and exchange rate volatility have compounded the problem. Many African currencies have depreciated significantly against the US dollar, increasing the cost of servicing foreign-denominated debts.

Moreover, the continent faces unique challenges in accessing international financial markets. The so-called “Africa premium” results in higher borrowing costs for African nations despite data showing that their default rates are lower than those of other regions. This unjust risk perception continues to hinder Africa’s ability to secure affordable financing for development projects.

The consequences of Africa’s rising debt burden extend far beyond fiscal instability—they threaten the continent’s ability to achieve SDGs and meet the aspirations outlined in Agenda 2063. High debt servicing costs have led to a real decline in health and education funding across many African LDCs. For instance, in 2021, African governments allocated 4.8% of GDP to debt servicing compared to just 2.6% for health and 4.8% for education.

Social protection systems are equally inadequate, with only 12-13% of the population covered in African LDCs. This lack of coverage leaves millions vulnerable to global and regional shocks, including climate change-related disasters and post-COVID-19 effects. Without robust social protection systems, the continent risks deepening inequality and perpetuating cycles of poverty.

Addressing Africa’s debt crisis requires a multi-pronged approach that involves both domestic reforms and international cooperation:

1. Debt Transparency and Accountability

African nations must prioritize transparency in their borrowing practices, particularly when it comes to resource-backed loans. As African Development Bank President Akinwumi Adesina has emphasized, opaque loans complicate debt resolution efforts and undermine trust between creditors and borrowers. Implementing frameworks for responsible borrowing and fiscal transparency will be crucial in fostering confidence and attracting investment.

2. Timely Debt Restructuring

The G20 Common Framework for Debt Treatment offers a mechanism for restructuring unsustainable debts but has been plagued by coordination challenges among creditors. To ensure its effectiveness, stakeholders must streamline negotiations and adopt predictable processes that encourage participation from all parties involved. Timely restructuring is essential for restoring fiscal stability and unlocking resources for development priorities.

3. Increased Concessional Financing

Concessional loans provide long-term financing at low interest rates, making them a vital tool for low-income countries grappling with fiscal pressures. However, access to concessional financing has declined significantly in recent years. International financial institutions must reverse this trend by offering flexible terms that align with countries’ development needs rather than imposing rigid conditionalities that stifle growth.

4. Domestic Resource Mobilization

African nations must strengthen their capacity to generate domestic revenue through measures such as broadening the tax base, reducing tax evasion, and digitalizing tax collection systems. Innovative public-private partnerships can also play a role in financing infrastructure projects without relying solely on external borrowing.

5. Integrated National Financing Frameworks (INFFs)

INFFs align available financing with national development plans, helping countries prioritize spending on SDGs while managing fiscal risks effectively. By adopting this approach, African nations can create fiscal space for sustainable development without compromising their financial stability.

The responsibility for addressing Africa’s debt crisis lies not only with governments but also with development partners and international financial institutions. African leaders must demonstrate better governance and accountability in managing public budgets and debts while setting realistic revenue targets that safeguard spending on priority sectors like healthcare and education.

Development partners should provide technical assistance where needed while offering concessional loans and grants with fewer strings attached. Collaborative platforms like the Global Sovereign Debt Roundtable can facilitate dialogue between creditors and debtors to tackle rising debt burdens more effectively.

While Africa’s rising debt burden poses significant challenges, it also presents an opportunity for transformative change in how the continent approaches financing for development. By adopting sustainable borrowing practices, improving domestic resource mobilization, and fostering international cooperation, African nations can navigate this crisis while laying the foundation for inclusive growth.

As Adesina aptly noted “Africa is the best investment destination in the world.” With its immense potential in renewable energy, infrastructure development, and digital innovation, Africa has all the ingredients needed to thrive—provided it can overcome its debt challenges through bold leadership and strategic action.

It is time for Africa to reclaim its narrative by turning its fiscal vulnerabilities into strengths that drive sustainable development for generations to come.

St. Patrick’s Day Charity Ball in Addis raises funds for Pediatric Cancer Families

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The St. Patrick’s Day Charity Ball, a flagship event blending Irish heritage with community support, was held on March 22, 2025, at the Sheraton Addis Hotel. Organized by the Irish community in Ethiopia, the event aimed to raise funds for Tesfa Addis Parents Childhood Cancer Organisation (TAPCCO), which provides critical services to families of children with cancer in Addis Ababa, Jimma, and Gondar.

The ball featured live Irish music, themed festivities, and a silent auction, mirroring its 2024 revival after a pandemic hiatus. Attendees included members of the Irish and diplomatic communities, Ethiopian officials, and supporters of Ireland’s development programs.

This year’s beneficiary, TAPCCO, assists 100 families in Addis, 40 in Jimma, and 20 in Gondar by offering accommodation, food, hygiene supplies, and transportation during cancer treatment. The event sought to match or exceed the €40,000 raised in 2024 for AWSAD, a women’s empowerment organization.

The Sheraton’s Lalibela Grand Ballroom hosted the evening, with its iconic musical fountain and grand ambiance.

The event underscored the Irish community’s commitment to philanthropy in Ethiopia. While specific fundraising totals for 2025 remain undisclosed, organizers emphasized the urgency of supporting TAPCCO’s mission amid rising healthcare challenges.