“Time To Invest and Grow In Ethiopia: The Land of Attractive Investment Opportunities” is the theme for Invest Ethiopia 2023 investment forum officially launched on 26th April at Addis Ababa.
More Than 30 Indian Corporates Participating In Invest Ethiopia 2023 Forum
More than 600 business leaders and investors from various corners of the World attended the opening of the Invest Ethiopia forum. Until Friday 28th various panels, events, and exhibitions are organized, showcasing different investment opportunities available in the country to thousands of visiting corporates, investors, and businesses. Success stories shall be shared by investors engaged in various parts of Ethiopia, this shall give motivation to many more investors.
Ethiopia is now “open for business and the Government is committed to steadfastly increase investment attraction and retention,” said Finance Minister Ahmed Shide during the opening address. He mentioned that the government took a wide range of economic reforms and liberalization programs in the past four years in a bid to attract foreign direct investment (FDI).
A comprehensive privatization and liberalization program has also been carried out in the same period, Ahmed said.
These initiatives are aimed at encouraging private sector participation in the Ethiopian economy and creating a more conducive environment for investors.
Ethiopian Authorities encourage foreign investors to engage in nearly a dozen sectors that they see as priority areas. The sectors include agriculture, mining, energy, tourism, health, transport and logistics, manufacturing, lCT, and Special Economic Zones or SEZs. On the opening day ministers in charge of each sector briefed investors attending the opening day.
Chief of the Ethiopian Investment Commission Lelise Neme urged the investors “to explore and take advantage of the enormous potential Ethiopia offers.”
Invest Ethiopia is an annual event organized by the EIC for the second time in a row, after its inaugural event last year. The forum convenes government officials, policymakers, and new and existing investors to discuss attractive investment opportunities in Ethiopia and policy reform agendas and explore partnership opportunities.
Authorities expect this event to spur the FDI flow that is showing an improvement this year as the country continues to emerge from various challenges of internal conflict and external pressures.