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.
Ethiopia and European Union (EU) signed financial agreement amounting to 130 million Euros today, according to the Office of the Prime Minister.
The agreement was signed following Prime Minister Abiy Ahmed’s discussions with European Union Commission President Jean-Claude Juncker in Brussels, Belgium.
The financial agreement is to support sustainable energy initiatives, establishment of agro-industry parks and job creation, it was learned.
Both, Prime Minister Abiy Ahmed and European Union Commission President, Jean-Claude Juncker witnessed the signing of financing agreements.
President Sahlework Zewde has today received letters of credentials of eight newly appointed ambassadors to Ethiopia.
The ambassadors, who presented letters of credentials, represent Canada, Turkey, Sierra Leone, Equatorial Guinea, Slovak, Serbia, Colombia and Malta.
The former six are resident Ambassadors in Ethiopia, while the ambassadors of Colombia and Malta based in Kenya and Egypt respectively.
On the occasion, President Sahlework has expressed her anticipation that the newly appointed ambassadors will further enhance bilateral and multilateral relations with Ethiopia, according to the Spokesperson of the Ministry of Foreign Affairs, Nebyat Getachew.
Moreover, the President expressed her confidence that the ambassadors would make contribution to expansion of cooperation of their countries with Ethiopia on common concerns of regional and international issues.
Sahlework revealed Ethiopia’s keenness to cooperate with the Ambassadors to strengthen relations with their respective countries in order to elevate ties on investment, trade and tourism, during their tenure.
The ambassadors, on their part, praised and are closely following the ongoing reforms in the country and pledged to further strengthen bilateral and diplomatic ties with Ethiopia.
Director-General of Food and Agriculture Organization of the United Nations (FAO), José Graziano da Silva has praised the leadership of Prime Minister Abiy Ahmed in Horn of African Region, January 21/2019.
Continuing his meetings with development partners in Rome, Premier Abiy Ahmed met with FAO’s Director-General, José Graziano da Silva.
According to a statement from the Office of the Prime Minister, da Silva commended the role being played by Ethiopia in the Horn noting that “peace is an important pre-condition”.
He also particularly noted PM Abiy’s political leadership in facilitating sweeping changes.
Premier Abiy on his part highlighted that integration is a priority for him and therefore peace in the region as a critical foundation for realizing this goal.
With regards to food security and agriculture, PM Abiy emphasized that the needs of small holder farmers is notably access to markets.
This, therefore, requires joint technical interventions, which both agreed to build on and strengthen the existing cooperation, it was indicated.
On the other hand, Prime Minister Abiy held talks with Gilbert F. Houngbo, President of the International Fund for Agricultural Development (IFAD) in his third meeting with development partners in Rome.
The two sides agreed to further strength IFAD’s and the Government’s collaboration in medium scale irrigation and rural financing to enhance the performance of Ethiopia in addressing the need of poor communities.
Houngbo appreciated Abiy’s courage that he has shown so far to bring change in the previous few months.
IFAD’s support to Ethiopia is the largest portfolio in Africa that boost the government’s effort to enhance the life of poor communities through enhancing the productivity of smallholder farmers, pastoralists and agro-pastoralists, he added.
Abiy on his part stressed on the need for strengthening irrigation and food security interventions.
Prime Minister Abiy who arrived in Rome, Italy yesterday for an official visit, is expected to meet with the Prime Minister of Italy, Giuseppe Conte following his invitation to PM Dr Abiy during his 2018 Ethiopia visit.
On his way to the World Economic Forum to be held in Davos, Switzerland, Premier Abiy has made a stopover in Rome, Italy on Sunday.
During his stay in Rome, PM Abiy expected to meet with his Italian counterpart, Giuseppe Conte
Prime Minister Abiy Ahmed met with his Italian counterpart, Giuseppe Conte, in Rome on January 21/2019
Premier Abiy also made a courtesy visit with President of the Italian Republic, Sergio Mattarella at Quirinal Palace.
Recounting the historical relationship between the two countries, the leaders discussed to enhance the existing cooperation in key social and economic areas of development.
President Mattarella praised the changes that are taking place in Ethiopia and its role in the process of integrating the Horn of Africa.
He was paid an official visit to Ethiopia on 15 March, 2016 while Prime Minister Conte made his visit on October 11, 2018.
Ethiopia and Italy has a long standing diplomatic relation, it was learned.
With its distinctive religious ritual festivity, Ethiopia’s Timket (Epiphany) is most fascinating cultural celebration where “everyone must see”, foreign visitors said.
On January 20/2019, hundreds of foreign visitors blended with millions of Ethiopian Orthodox Christians colorfully celebrated the annual Ethiopian Timket (Epiphany) throughout country.
The visitors, who were participating on the Timket festivity at Jan meda in Addis Ababa, said the feast of Timket (Epiphany) is among the largest and unique festival of the year in Ethiopia, which draws a lot of tourists to the country every year.
An Israeli young man, David Sudai, praised the Epiphany festivity in Ethiopia as “impressive in which people need to come and see it.”
“Very impressive, different, never see it in my life, people should come to get the correct impression. The number of people, the way they all dressed is an attracting one. I am not a Christian, am Jewish but I am very impressed by the overall Epiphany celebrations here,” David Sudai described it.
A Swedish Ulrika Hurden, who came to Ethiopia with her husband Klasse Sahlen for the first time, said the Timket festivity is “incredibly remarkable.”
“I am very impressed with everything I have seen here a lot of kind people and the traditional religious ceremony is interesting to see and all people doing the same thing,” she said, adding that “I dressed this (traditional Ethiopian dress) to be part of the celebration and it seems bright to wear.”
Large number of people with colorful cultural attires, songs and dances on the top of the religious rituals attract her attention, she said, adding that “come and experience such ceremonies and historical sites in Ethiopia,” signifying her friends to take part in the upcoming festivity of Timket.
Doris Johnson, a Swiss by national, has lived in Ethiopia for the last five years and celebrates the Timket festivity in Addis Ababa every year with her family.
“This is my favorite celebration in Ethiopia; people here are so kind, friendly and sociable. We gather in my husband’s house with family chat and even walk together to churches,” she added.
A German, Christoph Ruoppy, said on his part the ceremony is unique, impressive and called up on friends and others to see it next year.
“I enjoyed it as you can see it around the dressings; singings and the baptism are impressive. It is really unique, we do not have such a celebration in our country by far and the amount of people who come for this religious celebration is impressive. I recommend for everybody to come and at least see it once in Ethiopia,” he said.
He has also celebrated Timket in other part of Ethiopia ‘Merabete’ three years ago but he said “the number of people in Addis is enormous”.
More than15, 000 tourists, from different countries, have arrived in Ethiopia to celebrate this year’s Timket (Epiphany) festivities, it was learned.