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.
Abiy Ahimed Ali (PhD) on April 2, 2018 sworn in as the Prime Minister of Ethiopia to succeed Hailemariam Desalegn who resigned last February.
Abiy, 42, was sworn in at the second extraordinary session of House of People's Representatives as Ethiopia's 3rd Prime Minister since the ruling party EPRDF came to power.
Abiy took the power from the hand the former Prime Minister Hailemariam Dessalegn in the most peaceful and exemplary way in the history of Ethiopia.
Following the handing over ceremony Prime Minister Abiye delivered a nationwide televised address to the peoples of Ethiopia.
In his address the Prime Minister pledged to build peaceful diplomatic relation with Eretria, to work for inclusive development, compact against corruption and widen the democratic environment in the country.
He also vows to work with women and the youth as they are the main power for the development of the country.
His appointment marks a significant step towards resolving the recent unrest and violence that led to the decree of state of emergency since February 16, 2018.
The House of People’s Representative (HPR) has appointed the 42 years old Abiy Ahmed (PhD) as the next Prime Minster of Ethiopia on April 2, 2018.
It was recalled that the ruling party Ethiopian People’s Revolutionary Front (EPRDF) has elected Abiya as reviewed the detailed reports of its Executive Committee of the Front, performances of each national party towards the implementation of the in-depth renewal program since March 20, 2018.
Abiy has elected as the chairman of the ruling party following the resignation of Chairperson Hailemariam Dessalegn.
On his previous carrier Abiy has served as head of OPDO Secretariat and Oromia Housing and Urban Development Office with the title of Deputy President of the Oromia Region.
He has also served as Director-General of Science and Technology Information Center (STIC) and Minister of Science and Technology (MoST) after he became executive member of OPDO in 2015, Abiy.
He has also served in the Ethiopian armed forces in the rank of a Lieutenant Colonel.
Accordingly, he joined the struggle during early 1991, just a few months before the downfall of the military regime, at the age of 15.
He also was sent to Rwanda, as a member of the UN peacekeeping force mission from 1993 to 1996.
He was appointed as the Minister of Science and Technology as Hailemariam Deesalegn presented him to the House of people's Representative in 2015.
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.