Investment forum deliberates on strengthening Ethio-US business ties

Addis Ababa, March 19, 2021 (FBC) -The Consulate General in Los Angeles in collaboration with the Ministry of Foreign Affairs of Ethiopia hosted virtual investment forum yesterday to strengthen business ties between Ethiopia and the United States of America.

The forum made a successful deliberation on home-grown economic reform and the business environment in Ethiopia, including opportunities & incentives in the priority sectors the country provides to foreign investors.

More than 108 company representatives, representatives of chambers of commerce and organizations were represented at the forum.

Ambassador Ababi Demissie, Director General for Foreign Direct Investment and Technology Transfer at the Ministry of Foreign Affairs of Ethiopia emphasized on the reasons for doing business in Ethiopia and the investment opportunities and incentives available for investors.

He further underscored that this kind of investment forums are key instruments to enhance ties between Ethiopia and the United States of American companies and businesspersons.

In addition to this, presentations about investment potentials and facilities available to investors were delivered to the attendees of the virtual forum from the representatives of Ethiopian Investment Commission and the Ministry of Mines and Petroleum.

Ambassador Mulugeta Kelil, Consul General of Ethiopia in Los Angeles, invited all to visit and explore investment opportunities open to investors, in various priority sectors, in Ethiopia.

He also assured investors his Consulate General’s commitment to expedite the ease doing business in the areas of the investment, the participating investors of the virtual conference, and any investor is interested to do business in Ethiopia.

He also promised to organize, in the future, such kind of forums that will bring together investors to exchange valuable information and accelerate collaboration.