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Ethiopia: Ethio-France Business Forum - to Lure More FDI

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Monday, 19 March 2018

Ethiopia: Ethio-France Business Forum - to Lure More FDI

Foreign Direct Investment (FDI) is central to Ethiopia's ambition of achieving economic transformation. FDI inflow to Ethiopia has been growing from time to time and renowned international companies have repeatedly showed interest to invest in Ethiopia. The 5th Ethio-France Business Forum, which was held here in Addis Ababa recently, is one indicator of this increasing interest. Business delegates from some 40 companies and government officials of the two countries have discussed investment opportunities in Ethiopia. Speaking on the occasion, Tadese Haile, Special Advisor to Ethiopia's Prime Minister told the French delegates that Ethiopia is committed to expand its infrastructural in order to attract foreign investors. Maximum effort has been exerted to construct roads, railways and industrial parks as well as ensure sustainable supply of power in the past few years. "We believe infrastructural development is a key factor to industrialization. Our country has increased its power supply tenfold over the past fifteen years. Currently, we are constructing the largest hydro electric power plant in Africa, which is expected to generate more than 6,000 Megawatts," he added. The country has been able to construct more than ten industrial parks within one term. "Our state-of-the-art industrial parks, for instance Hawassa Industrial Park, have zero discharge of pollution and hence are ecologically sustainable," he underscored.

Source: allafrica