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.

 

Prime Minister Li Keying’s of the People’s Republic of China arrived Addis Ababa yesterday starting his tour to Africa. A warm welcome was accorded to Prime Minister Li Keqiang and his delegation by Prime Minister Hailemariam Desalegn , Ministers and other high ranking officials . Following the reception at Bole International Airport, the two leaders held a separate tete-a-tete discussion and a bilateral session attended by ministers from the two sides and business leaders representing different Chinese companies.

On the occasion Prime Minister Hailemariam noted that the relationship between Ethiopia and China has been expanding since its official start in 1970’s and more importantly in the past decade.  He said the relationship is going from strength to strength at government to government, party to party, business to business and people to people levels.  He thanked the government and people of China for supporting Ethiopia’s development in finance, technology transfer, and investment and capacity building.

Speaking about China –Africa relations Prime Minister Hailemariam Desalegn said China being the biggest trade partner of Africa and its support to the continental infrastructure development through concessional and preferential loans has brought significant change. He further added that China’s support to Ethiopia is critical and far reaching as the nation strives to meet goals set in the five year Growth and Transformation Plan. He expressed Ethiopia desire to see more Chinese investment in manufacturing, extractive industries and large scale agriculture.  

Prime Minister Hailemariam described the China-Africa as strategic and all-rounded its mainstay being Agriculture and Agro processing, ICT, Special Economic Zones, industrial parks, manufacturing, mining, renewable energy development is including power generation, railway development.  He cited the finalization of preparation of the Comprehensive Framework Agreement which maps out a ten year strategic framework of cooperation as an important leap in the cooperation of the two countries.

Prime Minister Hailemariam also stressed the need to further strengthen political consultation in regional continental and global issues between China and Africa. He appreciated China’s role in peace and security of the continent as evinced in its peace keeping missions in Drafur, DRC Liberia, Mali. Prime Minister Li for his part described the relationship of China and Ethiopia as deep, traditional and dynamic in its smooth growth as well.  He said this growing relationship relation needs to be further augmented through high level visits on the two sides.

He also noted China’s desire to expand its relations with Ethiopia in various areas  He in particular cited China’s interest in development of potash, oil and gas exploration and development and management of special economic zones. In human resource development he announced China’s interest to increase scholarship offers and step up academic cooperation. Prime Minister Li chimed with the view of holding consultations and coordinating position between China and Africa to promote and safeguard the interest of developing countries in a manner reflective of the multipolar world order.

 


Prime Minister Hailemariam Premier Li Keqiang and gave a press briefing following the bilateral discussion to local and foreign journalists. On the occasion, Prime Minister Hailemariam noted that China-Africa relation is growing from time to time economically, politically and diplomatically.

Speaking about Ethio-China relations, Prime Minister Hailemaraiam stressed the value Ethiopia attaches to its cooperation with China in its endeavor to realize its vision of becoming a manufacturing power house of Africa.  He hailed China’s support to DireDawa-Dewalleh express way as vital to Ethiopia’s export sector while also mentioning the railway network, management of Special Economic Zones significance to the nation’s overall development.

He said underlined that the Ethio-China relations are based on mutual respect and benefit and further highlighted the potential of China as the biggest developing nation of the globe to unleash Ethiopia in particular and Africa’s growth potential in general. Speaking about Chinese companies operating in Ethiopia, he praised CGOC Company for its achievements in the manufacturing sector in Ethiopia.

Prime Minister Li for his part said “ we have enjoyed smooth relationship and practical cooperation with Ethiopia,”  He added , we have reached consensus  to continue  to work on  infrastructure development , technology transfer , people to people relations and expressed his hopes that the more dozen agreements will further enhance the solid cooperation the two countries are enjoying. Responding to a question on the relation of the China and Africa, Prime Minister Hailemariam said “our relationship is not matter of short time it is a strategic and we want to nurture and expand it.”  He added “we have common destiny for the prosperity of our people.”  

He highlighted that China being a major global player, working closely is a matter of strategic importance to Africa. Prime Minister Li also underscored that China-Africa relations are on the right track. He said this will lead us into stronger growth. He remembered the solidarity Africa has shown in supporting the membership of the People’s Republic of China to the United Nations as a testament to the strong relation that evolved over several years.  He said China and Africa has always treated each other as equals throughout their history .Premier Li also said “China as representative of the oriental civilizations and Africa being the cradle of mankind, we have a lot to share and learn from each other.”  He also noted China’s pursuit of safeguarding the interest of developing countries and promoting inclusive dialogue on global issues is an area for robust China –Africa relations.  He concluded by saying the dynamic relation between China and Africa is turning in to bullet train in terms of its growth.

 

 

Ambassador Berhane Gebre-Christos, State Minister for Foreign Affairs, and Wondwossen Gebregziabher, Regional Director for Sub-Saharan Africa Office, signed on Friday (May 2) an agreement to open a regional office for in Addis Ababa.

Established in the USA in 1919, IIE is a Non-Governmental Organization aiming to promote international education and universal access to education through the provision of scholarships, training, and exchange and leadership programs. On the occasion of the signing ceremony, Ambassador Berhane thanked happiness for IIE’s decision to open a regional office in Addis Ababa.

He appreciated IIE’s ongoing support to and cooperative partnership with Ethiopia in many areas including enhancing public sector leadership, building university partnerships, youth development, leadership development, higher education programs and agriculture. He further underscored that Ethiopia was willing to cooperate with IIE and support its activities for the realization of the objectives of the organization. Wondwosen Gebregziabher on his part thanked the Government of Ethiopia to the support provided to set up the regional office of IIE in Addis Ababa.

He also affirmed that IIE would continue to expand and promote its partnership with the Government of Ethiopia in various sectors, adding that Ethiopia was chosen for its security and for being a seat of many international organizations including the AU. The establishment of IIE’s regional office was aimed to supervise and provide the organization’s activities in Ethiopia, Kenya, Tanzania, Uganda, Botswana, Malawi, Mozambique, South Africa, Swaziland, Zambia, Zimbabwe, Nigeria and Senegal.

 

UNAIDS Executive Director Michel Sidibé met with Ethiopia’s First Lady, Roman Tesfaye, on Monday (April28) at UNAIDS headquarters in Geneva.

They discussed the progress made in the response to AIDS in Ethiopia where increasing access to HIV prevention and treatment services among pregnant women living with HIV and children between 2009 and 2013, has meant the number of new HIV infections among children has dropped by 54% and the prevention of mother-to-child HIV transmission coverage reached 50%.

The First Lady is a member of the Organization of African First Ladies against HIV/AIDS and is currently involved in the development of HIV prevention campaigns in Gambella and Benishangul-Gumuz, two of the regions with the highest HIV burden in Ethiopia. She told Mr. Sidibé that joint efforts were needed to redirect interventions towards high-burden regions and geographical hotspots in view of changing the epidemic trends in Ethiopia.

Mr Sidibé, who commended the efforts of the First Lady towards the elimination of new HIV infections among children and her commitment to improving the lives of women, young people and children in Ethiopia, stressed the importance of education in reducing the number of new HIV infections, particularly among girls, given the high level of HIV prevalence among women in the country.


State Minister for Foreign Affairs, Ambassador Birhane Gebre-Christos, and Ms. Lilian Plapan, Chairperson of African Coalition on Traditional Practices and Empowerment of Women (ACTPEW) signed on Friday (May 2) an agreement to open a regional office for ACTPEW in Addis Ababa.

Established in Kenya in 2012, ACTPEW is an African non-governmental organization to empower the lives of women and eliminate violations against women and children in different parts of Africa. On the occasion of the signing ceremony, Ambassador Birhane expressed his appreciation on ACTPEW’s decision to establish a regional office in Addis Ababa, adding that the Government of Ethiopia attaches special importance to the objectives of ACTPEW. He also noted that Ethiopia is committed to eliminate female genital mutilation, early and forced marriage, discrimination against women and children, and human trafficking.

He also pointed out that Ethiopia is dedicated to empower women and girls, noting that changing the livelihood of women and young girls in particular for the country’s transformation in political, economic and social fields. He also promised that Ethiopia was ready to provide sustained support to ACTPEW in all its initiatives and activities. Ms. Lilian Plapan on her part expressed her gratitude for Ethiopia’s support in their bid to establish a regional office for ACTPEW in Addis Ababa, adding that ACTPEW would augment Ethiopia’s efforts in the fight against human trafficking, discrimination against women and children and other maltreatments.

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