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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Prime Minister Abiy Ahmed and his delegation visited the headquarters of the e-commerce giant Alibaba Group , in #Hangzhou, #China  on April 25/2019.

Following up on their meeting earlier this year in Davos, Switzerland, Prime Minister Abiy Ahmed and Alibaba Group Chairman Jack Ma shared that this visit is a reflection of a friendship geared towards supporting Ethiopia’s development.

Jack Ma expressed he has been inspired by the reforms that #Ethiopia has been undergoing, confirming that Ethiopia is now a key strategic partner which he will visit this year.

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H.E. Ambassador Nasise Chali presented copies of her credential to Mr. Stewart Wheeler, Chief of Protocol of #Canada.

On the occasion, Ambassador Nasise thanked Mr. Wheeler for the warm welcome and emphasized her utmost readiness and commitment to diversify & strengthen #Ethiopia's relation with #Canada

Mr Stewart Wheeler on his part expressed his good wishes to the Ambassador and stressed the support of his office for the fulfillment of her mission. 

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Ambassador designate of #Ethiopia H.E. Nasise Chali arrived in #Canada on April 18, 2019.

 

She was received by Ms. Mary Anne Dehler, Deputy Chief of Protocol at the Global Affairs #Canada upon arrival.

 

The staff of the Embassy also welcomed Her Excellency Nasise Chali and wished her a successful time during her appointment

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Following the appointment of H.E. Gedu Andargachew as the Minister of Foreign Affairs of the Federal Democratic Republic of Ethiopia, the foreign ministers of several countries are sending congratulatory messages, including the Foreign Minister of the Republic of #Djibouti, Mahmoud Ali Youssouf, Minister of Foreign Affairs of the State of #Eritrea, H.E. Osman Saleh H.E. Wang Yi, Foreign Minister and State Councilor of the People’s Republic of #China, H.E. Sergey Lavrov, Foreign Minister of the #RussianFederation, H.E. Enzo Moavero Milanesi, Minister of Foreign Affairs of #Italy, H.E. Mevlüt Çavuşoğlu, Minister of Foreign Affairs of the Republic of #Turkey, H.E. Phạm Bình Minh, Deputy Prime Minister and Minister of Foreign Affairs of the Socialist Republic of #Vietnam, and H.E. Sabah al-Khaled al-Sabah, Deputy Prime Minister and Minister of Foreign Affairs of the State of #Kuwait.

Similarly, the Diplomatic community in #AddisAbaba, and Heads of regional and International organizations including #IGAD Executive Secretary H.E. Ambassador Mahboub Maalim, #AU Commissioner for Peace and Security, H.E. Ambassador Smail Chergui, and #Australian Ambassador to #Ethiopia, H.E. Peter Doyle, also wished H.E. Gedu Andargachew all the successes during his tenure as Minister of Foreign Affairs of Ethiopia.

Minister of Foreign Affairs, Workneh Gebeyehu has left for Djibouti on February 26/2019 to attend the 46th Ordinary Session of the Intergovernmental Authority on Development (IGAD) Council of Ministers.

In the Session from 27-28, 2019 the Foreign Ministers of the IGAD Member States will deliberate on reforming the organizational structure of IGAD as well as redefining its stature.

Currently, Foreign Minister Workneh Gebeyehu is the Chair of the IGAD Council of Ministers.

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