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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During the Dinner Program H.E. Ambassador Nasise Chali congratulated the Athletes for the victory and emphasized that they are precious sons and daughters of Ethiopia doing the nation proud where ever they go.

She also stated that their victory has significant contribution to the efforts of the Embassy in building the positive image of Ethiopia among Canadians.

The staffs of the Embassy also joined the Ambassador in congratulating the Athletes for their achievement.

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Tigist Girma won the 2019 Ottawa Marathon race held today May 26, 2019 in Ottawa, the Capital of Canada.

Tigist took 2:26:34 to finish the course while her fellow Ethiopians finished second and third, ensuring Ethiopia's unrivaled dominance.

Bethlem Moges clocked 2:27:00 to come second with Etaferahu Temesgen finishing third with the time of 2:28:44.

Congratulations to Team Ethiopia

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Amb. designate, H.E. Nasise Chali discussed with Mr. Marc-Andere Fredette, Director General of Southern and Eastern Africa Division at Canada's Ministry of Foreign Affairs and International Trade.

Mr. Marc indicated Canada's appreciation for remarkable progress Ethiopia has registered and its continuous positive role in the region as a geopolitical giant as well as for its active and constructive engagement in the continent and beyond.

He referred to the long standing, excellent diplomatic relations and development cooperation which exist between Ethiopia and Canada while stressing the need to enhance cooperation in areas of investment and trade.

Amb. Nasise on her part thanked for the warm welcome and expressed her desire to build on the already existing cordial relations and uplift it to the new height during her tenure.

She also highlighted improving investment and business relation of the two countries as a top priority of her mission in Canada.

The two sides agreed to work together in further deepening their close ties and open new chapter of relations where the two countries enjoy convergence of views on wide array of issues of mutual interests.

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Her Excellency Sahle-work Zewde, President of the Federal Democratic Republic of Ethiopiawill be in Vancouver, Canadaon the 1st week of June, 2019 to take part in "Women Deliver 2019" Conference.

At the margins of the meeting, Her Excellency wishes to meet Ethiopians and people of Ethiopian origin in the Diaspora.

Therefore, please save the date of June 2nd, 2019 starting at 4:30 pm in a venue to be disclosed ASAP (as soon as possible).

For more information and updates, keep an eye on the Face book page of our Embassy!

Prime Minister Abiy Ahmed hosted a grand ‘Dine for Sheger’ event, which dedicated for the Beautifying Sheger Project on Sunday at Menelik II palace.

Several local business owners, CEOs, high profile government officials and development partners took part at the dinner program.

The purpose of the fundraising program is to raise money for executing “Beautifying Sheger” project, which intended to a major revamp of Addis Ababa, it was indicated.

With the value of the tickets for the event at five million Birr per person, which correspond 174, 000 USD, will help the project of beautifying the capital Addis Ababa by treating waters of rivers crossing the city and developing riverside for recreational purpose.

The 29 billion Birr project covers 56 kilometers and run along the rivers of Addis Ababa, developing green spaces starting from Entoto to Akaki river streams down to Akaki liquid waste treatment plant.

The project to beautify Addis Ababa is an initiative of Prime Minister Abiy Ahmed and expected to be completed within three years.

Project cost is estimated to be 29 billion Ethiopian Birr, which is about 1.1 billion USD and is expected to be completed in three years time.

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