Addis Ababa, April 27, 2023 (FBC) – State Minister for Finance, Semereta Sewasew, called on The Deutsche Gesellschaft für Internationale Zusammenarbeit GmbH (GIZ) to assist Ethiopia’s Integrated Agro Industrial Parks (IAIPS) and other productive sectors to capitalize on their massive growth potentials.
The State Minister held a meeting with a delegation led by Mr. Thorsten Shafer Gumbel, Chair of Management Board of the German Development Agency (GIZ) under the German Federal Ministry for Economic Cooperation and Development (BMZ).
It is indicated that Mr. Thorsten’s visit to Ethiopia aims to assess the overall social, political, economic and structural needs of the country, to recognize the excellent bilateral partnership and reaffirm the commitment to maintain Ethiopia as priority partner and declare change of management at the Ethiopian office.
Mr. Thorsten mentioned that he had the chance to visit Hawassa Industrial Park and was impressed with the quality of the products and could see the promising future of the sector.
The Finance State Minister Semereta Sewasew recounted the challenging time Ethiopia faced due to Covid-19 global pandemic which affected all nations with significant detrimental effect due to the conflict which came to an end recently after the peace deal and recurring drought.
She also mentioned that despite looming challenges we have some successes in the economic sector through liberalization effort that includes telecom and financial areas.
Moreover, she requested the GIZ assistance in capacitating IAIPs (Integrated Agro Industrial Parks) and other productive sectors in order to capitalize on their massive growth potentials.
Both sides have reportedly agreed to further strengthen the overall development cooperation and proactively engage to further improve the overall implementation of the existing projects and future initiatives.