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.
H.E.Motumma Mekasa, FDRE Minister of Mines, Petroleum and Natural Gas, H.E Phillip Bakar Canadian Ambassador to Ethiopia and H.E Aster Mamo Ambassador of Ethiopia to Canada and other ethiopian delegates were participated on business forum that was organized by Mr.Shane M.Jaffer, Senior Director, Africa Alberta International Development Office and International Financial Institution which was held in Edmonton on March 9, 2018.On the the meeting the ethiopian delegates H.E.Ambassador Phillip Bakar and H.E.Motumma Mekasa presented to the business community and other participants the investment opportunities of Ethiopia and after had thorough discussion some of the private owners have shown their willingness to visit Ethiopia.
On March 12, 2018 H.E Mr.Motumma Mekasa, Ambassador Philip Bakar and Ambassador Aster Mamo made a fruitful discussion with private owner Companies in Vancouver and Alberta and the meeting was come up with the private owners having a desire to visit Ethiopia.
On March 12, 2018 H.E Motumma Mekasa, Minister of Mines, Petrolium and Natural Gas of FDRE and H.E Ambassador extraordinary and Plenipotentiary Aster Mamo held a discussion on minerals, energy and natural gas affairs capacity building with H.E Michelle Mungalle Minister, Energy, Mines and Petrolum of British Columbia in Victoria city.
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The Executive Committee of the EPRDF announced that it has accepted the request of Prime Minister Hailemariam Desalegn to resign as premier and chairman of the party.
In his presser, Shiferaw Shigute, Head of the Office of the EPRDF Council said the Committee has accepted the request after a thorough discussion on the issue.
Prime Minister Hailemariam has announced his desire to resign from the posts of the premiership and party chairmanship this afternoon.
This makes Hailemariam the first premier and party chairperson in the country to submit letter of resignation.
Though the Committee accepted the Premier's request, Hailemariam will stay in office until the EPRDF Council and the parliament approved it, Shiferaw said.
Shiferaw assured that the request of the Prime Minister to resign from both posts doesn’t have any implication on the party and the government.
Prime Minister Hailemariam Desalegn announced that he has submitted his letter of resignation as prime minister and chairman of the ruling party EPRDF.
He said that he decided to resign from both posts so as to contribute to the ongoing efforts towards bringing solution to the current situation in the country.
The Premier noted in his speech that people have been displaced and injured, as well as investment and properties are damaged due to the recent unrest.
Hailemariam believes that his resignation is important to carry out reforms that lead to sustainable peace and democracy.
The Council of Ministers has declared a state of emergency effective from 16 February 2018 by adopting the decree providing for the emergency ruling.
The Council of Ministers said the emergency rule is aimed at protecting the constitution and constitutional order, as well as ensuring security and stability of the country.
Protecting freedom of movement and the rights of citizens to live wherever they choose as well as build assets, are also among the motives for the ruling.
The Council in its press briefing noted that the violence that have been going on in some areas are undermining the security and stability of the country as well as the value of the people that promote peaceful coexistence.
The violent activities have also led to ethnic based attacks which led to the displacement, death and injury of people, damage on property, and hindered investment.
These violent activities are hurting the economy and put the peaceful and free movement of citizens under question.
The Council said it is important to adopt the decree, as the public has requested the government for protection and the dangerous activities have continued to expand and extend in time.
The Ethiopian constitution under article 93 provides the power for the Council of Ministers to decree a state of emergency in case of external invasion, a breakdown of law and order which endangers constitutional order, natural disaster or an epidemic occur.