South African companies keen to invest in Ethiopia
South African investors and representatives of companies have expressed their readiness to invest in Ethiopia and do business with.
A South African business delegation comprising 22 investors and representatives of companies are currently in Ethiopia to explore investment potentials and opportunities in the country, particularly in manufacturing, agro-processing, energy and construction sectors.
State Minister for Foreign Affairs, Dr. Aklilu Hailemichael met with the South African Business Delegation on Monday (March 6, 2017) and briefed them on investment prospects in Ethiopia.
Dr. Aklilu underscored that the delegation's current move will promote Ethiopia's aspiration to boost the intra Africa trade and enhance south-south cooperation.
He said, "Ethiopia attracts investors from China and Turkey as well as the US and Europe; nevertheless we would like to also promote south-south economic cooperation between African countries."
Touching upon the huge investment potentials in Ethiopia, the State Minister said, "Ethiopia's geographic location, its active membership in regional and bilateral trade agreements, including various other platforms with the U.S, EU and COMESA region, and the favorable investment policies make it an attractive investment destination."
Ethiopia's young and productive work force which accounts for 60 percent of the population also offers significant comparative advantages to investors, he added.
In his remarks during the High Level Meeting at the Belt and Road Forum, Prime Minister Abiy Ahmed highlighted the role the Addis Ababa - Djibouti railway is playing in facilitating trade between the two countries; testament to the connectivity principle of the Belt and Road Initiative.
Sharing the investment-led economic policy and reforms being undertaken, he encouraged more investors to participate in the newly opened up sectors.
Following up on their meeting earlier this year in Davos, Switzerland, Prime Minister Abiy Ahmed and Alibaba Group Chairman Jack Ma shared that this visit is a reflection of a friendship geared towards supporting Ethiopia’s development.
Jack Ma expressed he has been inspired by the reforms that #Ethiopia has been undergoing, confirming that Ethiopia is now a key strategic partner which he will visit this year.
H.E. Ambassador Nasise Chali presented copies of her credential to Mr. Stewart Wheeler, Chief of Protocol of #Canada.
On the occasion, Ambassador Nasise thanked Mr. Wheeler for the warm welcome and emphasized her utmost readiness and commitment to diversify & strengthen #Ethiopia's relation with #Canada
Mr Stewart Wheeler on his part expressed his good wishes to the Ambassador and stressed the support of his office for the fulfillment of her mission.
She was received by Ms. Mary Anne Dehler, Deputy Chief of Protocol at the Global Affairs #Canada upon arrival.
The staff of the Embassy also welcomed Her Excellency Nasise Chali and wished her a successful time during her appointment