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.
President Abdel-Fattah El-Sisi of Egypt and President Cyril Ramaphosa of South Africa have extended warm congratulations to Dr. Abiy Ahmed on being chosen to lead the Ethiopian Peoples' Revolutionary Democratic Front (EPRDF) and his subsequent swearing-in as Prime Minister.
In his phone call to PM Abiy, President El-Sisi expressed his belief that the diplomatic and economic relation of Egypt and Ethiopia would further be strengthened.
Prime Minister Abiy on his part congratulated President Abdel-Fattah El-Sisi for being reelected as Egypt's President.
According to the Spokesperson of the Office of Ministry of Foreign Affairs, he also assured El-Sisi that Ethiopia exert more effort to further consolidate its cooperation and relationship with Egypt as it gives due emphasis to ties with Egypt.
President Ramaphosa of South Africa also congratulated Dr. Abiy Ahmed on his being elected as Chairperson of EPRDF and Prime Minster.
President Ramaphosa said: “Your election is a vote of confidence in your leadership by the various parties of the ruling coalition and holds the hope that a stable leadership transition and the widening of political dialogue can open the way to peaceful development in the country.”
Horn Diplomat reported that Ethiopia plays a leading role in the African continent, not only as the seat of the African Union, but as a historic beacon of the values of freedom and sovereignty as embodied in the life of late Nelson Mandela, whose centenary we celebrate this year.
The interests of the countries and people of Africa remain at the top of South Africa’s strategic priorities, as evidenced by the commitment to forging closer cooperation with Ethiopia displayed by discussions during the recent South Africa-Ethiopia Senior Officials Meeting in March 2018.
“I look forward to working with you, Mr. Prime Minister, to further strengthen the strong bilateral relations between our two countries, focusing on economic cooperation for the mutual benefit of our respective countries and peoples,” President Ramaphosa concluded.
Ethiopia’s peaceful and successful power transition is an important moment for the country and the African continent, African Union Commission Chairperson Moussa Faki Mahamat said.
Prime Minister Abiy Ahmed held talks with AU Commission Chairperson Moussa Faki Mahamat on April 3, 2018.
Premier Abiy assured Mahamat about his commitment to the enhancement of peace and security in Africa and his desire to work with AU.
AU Commission Chairperson Mahamat told the media that he congratulated the newly elected Prime Minister and discussed cooperation and areas of integration.
“It is a very important moment for Ethiopia because it is for the first time that there was a peaceful and successful political transition”, he noted.
Mahamat also lauded Ethiopia’s commitment to play a significant role in the regional peace, security and integration issues.
“As you know Ethiopia is leading Intergovernmental Authority on Development (IGAD) and we have a process of revitalization in South Sudan. Ethiopia is also committed in Somalia. So it has played a very heavy tribute for the peace and security of the continent,” the Chairperson elaborated.
The two leaders have also discussed the effectiveness of Continental Free Trade Area (CFTA) and the internal situation of the country.
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.