EIC extends invitation to PSA to explore investment opportunities in Ethiopia

Addis Ababa, August 31, 2023 (FBC) – Ethiopian Investment Commission (EIC) has extended an invitation to the Port of Singapore Authority (PSA) to explore investment opportunities in Ethiopia.

The invitation was extended during a meeting between Chief Commissioner of EIC, Lelise Neme, CEO of Ethiopia’s Industrial Parks Development Corporation (IPDC), Aklilu Taddese, and the leadership of PSA in Singapore.

Commissioner Lelise Neme made a call to the officials of the authority to have a way for the authority to engage in investment in Ethiopia and share its experience.

For his part, IPDC CEO, Aklilu Taddese, underlined that the presence of efficient and effective logistics service is significant for the supply and export of raw materials for the manufacturing sector and industrial development.

The Port of Singapore refers to the collective facilities and terminals that conduct maritime trade, and which handle Singapore’s harbours and shipping. It is said that the Authority has more than 50 years of experience in managing a port that can handle more than 200,000 containers at a time.