Friday, June 24, 2016

Ethiopia resolute to boost investment ties with China, says Hailemariam

Addis Ababa, June 22, 2016 (WIC) – Prime Minister Hailemariam Desalegn said Ethiopia will do all it can to boost its investment ties with China.
The Premier received yesterday a delegation represented from Chinese textile and light manufacturing associations and discussed investment opportunities available in Ethiopia.
The Premier said Ethiopia will provide the necessary support for investors who are keen to engage in labor intensive light manufacturing industry  and work in conformity with the investment policy of the country.
Ethiopia has favorable investment policies and strategies and is also offering the necessary support for investors through building key infrastructures and industrial parks, the Premier told members of the delegation.
Chinese investors will be successful if they invest in labor intensive projects, he said.
Given Ethiopia’s untapped investment potential, the number of investors coming from China or other countries is not sufficient, said Fitsum Arega, Ethiopian Investment Commissioner, who also attended the discussion.
Head of the delegation, Helen Hai, said Ethiopia’s fast economic growth and government’s commitment are catching the attention of all investors.
After stating their satisfaction with the briefing they were given on Ethiopia’s investment opportunities, members of the delegation expressed their interest to engage in textile and apparel as well as in light manufacturing sector.
Ethiopia aspires to become the leading manufacturing industry hub in Africa in ten years time. (FBC)

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