The Special Envoy, Ambassador Extraordinary and Plenipotentiary of the
Federal Democratic Republic of Ethiopia to the United States of America
apprised the American business community about the propitious investment
climate currently obtaining in Ethiopia.
In his elaborate and succinct briefing session, Ambassador Girma Birru
underscored Ethiopia's impressive track record of economic growth of over
10% annually for several years uninterruptedly.
Ambassador Girma Birru informed the U.S. investors that Ethiopia has put
in place attractive investment incentives by providing investor-friendly
environment for their anticipated partnership in agriculture, manufacturing
and diversified infrastructure sectors.
The Special envoy affirmed the commitment and readiness of the Ethiopian
government to extend a package of incentives to encourage investors by availing
the necessary tools and support mechanisms as pertains to the conducive
and contemporary financial cushions and an appropriate policy environment.
Mr. Girma Birru made references to the current enabling investment regime
that has unique economic attributes that encourage the engagement of foreign
investors. In this regard he highlighted the Growth and Transformation plan
which has presented vast opportunities for the involvement of investors
in the energy, manufacturing and agricultural sectors with an attractive
blend of incentives unparalleled elsewhere.
He also outlined the availability of huge trainable workforce and a strong
macro economic climate and a healthy financial environment that abounds.
Ambassador Girma assured the investors of the expansive domestic economy
and the export market that is open for investors in the wake of the operation,
production and distribution of their anticipated output.
Ambassador Girma informed the potential investors about Ethiopia's commitment
by already putting in place the necessary investment framework and favorable
policies towards attracting, Foreign Direct Investment (FDI), enable the
private sector to flourish and become a major catalyst for job creation
and sustainable development. The high-caliber American investors actively
participated in the ensuing conversation by raising their concerns and quipping
pertinent questions.
During the interactive dialogue they showed an active interest in investment
ventures in Ethiopia and the Ambassador gave them a detailed explanation
and government support that is in place to encourage foreign investment
of the motivational opportunities that abound. Ambassador Girma, thanked
the audience for the candid and open dialogue and promised further engagement
with the business community.
Mr. Scott Eisner, Executive Director of Africa Business Initiative from
the U.S. Chamber of Commerce on his part thanked the Ethiopian Special Envoy
for his timely and topical appraisal of the prevailing investment climate
in Ethiopia and pledged for the continuation of similar consultative forums
in the future.
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