The Japan External Trade Organization opened an office in the Ethiopian capital Addis Ababa on Wednesday to tap the market of Africa's second most populous nation.
At the opening ceremony, Ethiopian Prime Minister Hailemariam Desalegn called on Japanese companies to invest in the country.
According to the World Bank and the United Nations, Ethiopia chalked up annual economic growth of 8-12 percent in 2006-2015. The country is regarded as a promising market, with its population projected to grow to more than 188 million in 2050 from over 100 million now.
"There are many Japanese companies that are interested in doing business in Ethiopia. We want to help those firms (invest in Ethiopia) with our network with the local government and companies we will build," said Takao Seki, head of JETRO's Addis Ababa office. Read more here
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