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’s achievement in the economic sector has contributed to its growing influence in the diplomatic sphere, according to Ethiopian Foreign Relations Strategic Studies Research Institute.
It has been 15 years since the country devised Foreign Affairs and National Security Policy that creates favorable condition for rapid economic development and the establishment of a democratic system.
The policy also indicates that economic diplomacy is the key goal in its relationship with every country.
Ethiopian Foreign Relations Strategic Studies Research Institute Deputy Manager, Moges Teklemikael told ENA that the economic integration Ethiopia has created with many countries helped it to register rapid growth.
Moges, who noted that the main cause of Ethiopia’s vulnerability was poverty, added that the steady decline of this has resulted in making the country more influential and impacter.
At this time, “nations want Ethiopia for mutual dialogue”; and this shows the strength it has created in the diplomatic sphere, he stated.
Ethiopia’s emergence as the leading country in attracting foreign direct investment also shows the effectiveness of its economic diplomacy.
However, the government has to find lasting solution for the conflicts in some parts of the country as they expose it to security risk and decline in economic diplomacy, the Deputy Manager stressed.
Foreign Ministry Spokesperson, Meles Alem said on his part “it is impossible to be successful in the diplomatic sphere with a weak economy.”
He added that the country transforms the political relations it creates with countries to mutually beneficial economic prosperity.
According to him, internally instigated vulnerability has been curtailed through the effort exerted to fight poverty and to create trust among citizens.
This has also helped in making the country to live peacefully in the turbulent Horn of Africa, Meles pointed out.
The Spokesperson cited a United Nations report which credits Ethiopia for playing a leading role in promoting peace in other countries.
A recent World Bank report also indicated that Ethiopia is the second country behind Vietnam in attracting foreign direct investment.
The Ethiopian Cargo and Logistics Services has received the Export & Import Cargo Transportation Award in China on February 7, 2018.
Ethiopian Cargo and Logistics Services, Africa’s largest cargo operator, received the award at a Customers Symposium organized by Guangzhou Bayiun International Airport,
The Ethiopian Airlines told ENA that top 10 international cargo carriers, domestic cargo carriers and cargo agents took part in the symposium.
Tewolde GebreMariam, Group CEO of Ethiopian Airlines, said “As one of the strategic business units under the Ethiopian Airlines Group, Ethiopian Cargo & Logistics Services has been registering remarkable growth and success in implementing our ambitious strategic road map, Vision 2025.”
He said “It is playing a leading role in supporting China – Africa investment and trade ties by availing critical air connectivity.”
With state of the art cargo terminals in its main hub in Addis Ababa, it is capable of accommodating one million tons annually.
Ethiopian Cargo and Logistics Services has eight dedicated freighters with another four on order.
Currently, it flies to 44 global freighter destinations globally covering five continents and is supporting the import-export of the continent.
Ethiopian has 13% share of the total international cargo transportation at Bayiun International Airport, according to the Ethiopian Airlines.
Embassy of the Federal Democratic Republic of Ethiopia celebrates the 12th Nations and Nationalities day with members of the Ethiopian community. During the ceremony H.E Ambassador Aster Mamo, Extraordinary and Plenipotentiary Ambassador of Ethiopia to Canada has make a welcoming speech to the attendees of the program and right after her speech representatives from Afar, Amhara, Somali, Harari, Oromo and Tigray community made a speech regarding the Nations and Nationalities day.
The celebration of the Nations and Nationalities day concluded by having a dinner program with the community members, dancing with Nations and Nationalities song and Music.
The newly appointed Ethiopian Ambassador H.E. Aster Mamo presented her credential to the Governor General and Commander -in-chief of Canada Her Excellency the Right Honourable Julie Payette on January 29, 2018 at her residence at the Rideau Hall in Ottawa.
On the occasion, Her Excellency the Right Honourable Julie Payette said she proudly welcomes the Ambassador from a country where all human species originate as Ethiopia is the cradle of humanity and the country that is so rich in its culture heritage, past and present. The Right Honourable Julie Payette also stated that Canada attaches significant importance to its partnership with Ethiopia as the second most populous country in Africa and praised the incredible economic progress that it has registered over the past years and for dramatically changing the quality and well-being of its own people. She reiterated Canada's continues support to realize the country’s development and democratic goals. On her part, H.E. Ambassador Aster Mamo expressed her gratitude for the warm welcome accorded to her and emphasized that she will work to further cement and broaden the two countries bilateral relation as the top priorities of her mission.
Ethiopia and Canada have long standing diplomatic relations that dates back to 1965 G.C and they enjoy excellent relations in the areas of development cooperation and growing investment and trade ties. They work together with the spirit of friendship and mutual respect in the areas of their common interest.
The newly appointed Ambassador Extraordinary and Plenipotentiary of the Federal Democratic Republic of Ethiopia to Canada, H.E. Aster Mamo presented copy of her credential on January 16, 2018 at the Ministry of Foreign Affairs, Trade and Development of Canada.
H.E. Ambassador submitted copies of her credentials to the chief of protocol Mr. Roy Norton (PhD.) and extended her gratitude for the warm welcome accorded to her. The chief of protocol and other Senior Officials at Global Affairs of Canada welcomed the Ambassador and expressed their readiness to work closely with the Embassy in order to cultivate the bilateral ties between the two countries.