Japanese companies keen on investing in Ethiopia

Addis Ababa, April 23, 2022 (FBC) – The Ethiopian Embassy in Japan, Tokyo has held a seminar on doing business in Ethiopia on Thursday in collaboration with Inspire Africa Association.

The seminar drew businesspeople and leaders from six companies in Japan who engage in hydropower, construction, pharmaceuticals, electronics and technology sectors.

In delivering opening remarks on behalf of the Embassy, Yohannes Fanta reiterated the historical diplomatic relations between Ethiopia and Japan and underlined the need to further expand the ties with further engagements in investment, trade and technology transfer.

He called on Japanese investors to utilize trade and investment opportunities in Ethiopia and incentives provided to foreign investors.

The seminar tabled details on the business environment in Ethiopia, and trade and investment incentives provided under Ethiopian law, in particular in agroprocessing, textile, pharmaceuticals, mining and ICT.

Attendees said the seminar helped them get valuable information about investment opportunities in Ethiopia and expressed their desire to invest in Ethiopia.