Ethiopia—Russia Business Forum opens in Addis Ababa

Addis Ababa, November 13, 2024 (FBC) — The Ethiopia-Russia Business Forum commenced today in Addis Ababa, under the theme “Russia: Ethiopia: Time Doesn’t Wait.”

Ambassador Mesganu Arga, State Minister of Foreign Affairs; Zeleke Temesgen, Commissioner of the Ethiopian Investment Commission; Brook Taye, CEO of Ethiopian Investment Holdings; Evgeny Terekhin, Russian Ambassador to Ethiopia; representatives from the Russian Federation Chamber of Commerce; and members of the business community attended the event.

In his opening remarks, Ambassador Mesganu Arga emphasized the enduring relationship between Ethiopia and Russia, noting that these ties are being further strengthened through economic diplomacy. He highlighted ongoing efforts in the sector as paving the way for a new chapter in bilateral relations.

The State Minister also underscored that Ethiopia’s recent macroeconomic reforms have positioned the country as an attractive investment destination in Africa and encouraged Russian companies to capitalize on the favorable investment climate.

Ambassador Evgeny Terekhin, in his address, affirmed that the relationship between Ethiopia and Russia is built on a solid foundation and highlighted ongoing efforts to enhance cooperation through economic diplomacy.

The two-day business forum seeks to provide a platform for Ethiopian and Russian entrepreneurs to foster mutually beneficial partnerships in trade, investment, and technology.