Ethiopia: China-based China National Building Material (CNBM) and its engineering subsidiary Sinoma International have expressed interest in investing in the local cement sector. The comments were made in a meeting with Tefera Derbew, Ethiopia’s ambassador to China, and Liu Yan, an executive director of CNBM and the chair of Sinoma International, according to Fana. During the gathering Derbew noted Sinoma’s contribution so far towards helping build cement plants in the country. CNBM has accepted an invitation to participate in the Invest Ethiopia forum taking place in Addis Ababa in late April 2023.
CNBM and Sinoma express interest in investing in Ethiopia
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