Investing in Ethiopia is ideal as it is a gateway to the rest of Africa, Investment Commissioner Hanna Arayaselassie said.
Opening the Ethio-Turkiye Investment and Trade Promotion Forum, which took place in Addis Ababa today, the commissioner noted that Turkiye is one of the most important sources of investment for Ethiopia.
Citing the longstanding diplomatic relations between Ethio-Turkiye, she stated that business and investment between the countries have shown incredible growth over the past 20 years.
Turkish companies have invested a collective investment of 2 billion USD and created jobs for more than 20,000 Ethiopians, it was learned.
According to the commissioner, Turkiye continues to be a very important investment partner for Ethiopia, which is an ideal destination for investment.
Ethiopia is a notable investment destination with more than 120 million people and a very large and growing domestic market, Hanna pointed out, adding that the country is also a gateway to the rest of Africa.
Turkiye A
mbassador to Ethiopia, Berk Baran said ”we know that this is the third largest diplomatic city in the world with 128 embassies.”
These offer vast opportunities as an entry into the entire continent, he noted.
Ethiopian Chamber of Commerce and Sectoral Associations President, Melaku Ezezew said the volume of trade and investment between Ethiopia and Turkiyeis has been growing steadily.
He stated that both countries provide comparative advantage, with the large and untapped investment potential in a number of sectors in Ethiopia where Turkiye companies can make investments or do business.
The president added that Turkiye companies have advanced technologies and best practices that can be shared with Ethiopian counterparts.
Turkiye companies that took part in today’s forum came from Sakarya, the seventh business city in the country, to share their experiences and assess the investment opportunities in Ethiopia.
Source: Ethiopian News Agency
British companies are keen on investing in Kisumu County to leverage on the region’s huge economic potential in agriculture and the blue economy.
The British High Commissioner to Kenya, Neil Wigan, said Kisumu was the gateway to Uganda and Tanzania, presenting huge opportunities for the local and regional market.
Wigan, who paid a courtesy call on the Kisumu Governor, Prof. Anyang Nyong’o, in his office, Thursday, said the UK government was keen on supporting interested UK companies to invest in Lakeside County.
His mission, he added, was helping British companies to undertake public-private partnerships in consultation with the National and County government, to tap into existing opportunities in the area.
This, he said, was aimed at unlocking permissions and financing options for the interested firms, adding that the move was set to create job opportunities for the residents.
Kisumu Governor, Prof. Anyang Nyong’o, welcomed the gesture, saying it would impact positively on the ongoing socio-economic tra
nsformative programmes in the area.
‘We highly welcome private investments by the British companies, and we are eager to facilitate the processes through the British Government and my Administration, ‘ he said.
The County government, he added, has already developed a framework to engage the UK government, adding that more engagements were lined-up to fast-track the process.
Already, the County government, he said, has signed a Sh31 billion public-private partnership with a UK firm, adding that consultations are ongoing with the National government, to kick-start the project.
Hinged on agriculture and climate finance, the multi-billion project, he said, would have immense economic benefits for the County.
Source: Kenya News Agency
