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.

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The Forum which is being held in Veinna, Austria on the theme "Taking cooperation to the digital age" aims to take the extent and the quality of cooperation to a new level, moving beyond focusing on migration as a common challenge.

President Kagame of Rwanda is the Chairman of the African Union for 2018. As an advocate for the advancement of an African single digital market, he has emphasised that a pathway to prosperity for all Africans, especially young people, can only be achieved by infusing African economies with technology and by collaborating with Africa’s private sector.

Therefore, President Kagame and Chancellor Kurz have decided to call for a High-Level Forum to provide a space for European and African leaders, together with CEOs of major global companies, innovation champions, start-ups and other stakeholders, to reflect and act on what needs to be done to secure prosperity and competitiveness on both continents as well as to deepen the relationship in all its aspects with a specific focus on taking our cooperation to the digital age. The forum will take place in Vienna, Austria on December 18 2018.

The High-Level Forum will promote innovation and digitalisation as important enablers of our future development, so that everyone can benefit from the ongoing digital transformation. It aims at assessing how current partnerships between Africa and Europe contribute to this goal, complementing the ongoing implementation of the joint declaration of the 2017 Abidjan Summit between the African Union and the European Union, which, among other things, highlighted the importance of unlocking the potential of the digital economy for Africa and Europe. It also aims at contributing to the Africa-Europe Alliance for Sustainable Investment and Jobs announced by President Juncker in his recent State of the Union speech.

The High-Level Forum will highlight the untapped potential for deepening the partnership in technology exchange and trade as well as their importance for economic growth, creating employment opportunities, building resilient societies and fulfilling the Sustainable Development Goals. In order to harness this potential, political will is crucial for creating the necessary conditions for investment and innovation. Together with President Kagame, Chancellor Kurz will open the Forum at the Austria Center Vienna. During the high-level dialogue segment, political leaders and CEOs will be invited to share their vision on the current and future cooperation between Africa and Europe regarding innovation and digitalisation. Participants will consist of European and African heads of state and government accompanied by relevant ministers, CEOs of highly agile and innovative European and African companies, representatives of start-ups and innovative companies, investors, bilateral and multilateral development partners and civil society representatives.

The Forum will be accompanied by Business to Business (B2B) as well as Business to Government (B2G) meetings (organised by Advantage Austria/the Austrian Federal Economic Chamber), where entrepreneurs and innovators will exchange their concepts and solutions for the digital age. A lot of innovation is happening both in Africa and in Europe, with many creative start-ups providing solutions for different emerging challenges, and this will be an opportunity to showcase them.

The Ministry of Foreign Affairs of Ethiopia
Spokesperson Office of the Ministry of Foreign Affairs of Ethiopia

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Prime Minister Dr. Abiy Ahmed met with Mr. Achim Steiner, United Nations Development Programme Administrator and his delegation on December 18/2018, in which, the latter commended the ongoing reforms in Ethiopia.

According to Office of the Prime Minister-Ethiopia ,Prime Minister Abiy appreciated #UNDP ’s longstanding technical and financial support to #Ethiopia in strengthening democratic governance and capacity development, and accelerating economic growth and poverty reduction, among other areas. The Premier expressed the Government’s commitment to strengthening this partnership.

Mr. Steiner on his part commended the significant steps the Government of Ethiopia under the leadership of Prime Minister Abiy Ahmed has taken in undertaking democratic reforms and expressed UNDPs commitment to the continued cooperation.
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The Ethiopian Parliament has declared Wednesday (December 19) as a National Day of mourning for the former President H.E. Girma Wolde-Giorgis.

Accordingly, flags will be flown at half-mast in honor of the former President H.E. Girma Wolde-Giorgis, across the country, Ethiopian embassies and consulates as well as Ethiopian-owned vessels.

The late President H.E. Girma Wolde-Giorgis, who died last Friday night (December 14), served the nations as President of the Federal Democratic Republic of Ethiopia from 2001 to 2013.

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It is with deep sadness that I share the passing of H.E. Girma Wolde-Giorgis who served as FDRE President from 2001 to 2013. H.E. President Girma Wolde-Giorgis served the FDRE Government for twelve years as President and has performed various state duties throughout the country in different capacities for many years.

President Girma rendered his service to people and country through his knowledge and experience with an exceptional sense of service and determination, making him a role model for many.

I would like to extend my sincere condolences to the family of H.E. President Girma Wolde-Giorgis and to the People of Ethiopia.

H.E. President Girma will be laid to rest in a state funeral. The details will be shared soon through a national committee that has been set-up to oversee the memorial service.

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Prime Minister Dr. Abiy Ahmed met and held discussions with Addis-based European ambassadors .

According to Office of the Prime Minister-Ethiopia , the ambassadors welcomed the progressive steps taken over the past months in Ethiopia under the new leadership.

The ambassadors particularly commended the opening up of the political and media spaces, and expressed their admiration regarding the role Ethiopia is playing to bring stability and integration in the region.

Noting the positive changes taking shape, members of the European Union and non-EU member countries equally confirmed their sustained partnership with Ethiopia.

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