Investing in Ethiopia Ideal as Country Is Gateway to Rest of Africa: Investment Commissioner

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Investing in Ethiopia Ideal as Country Is Gateway to Rest of Africa: Investment Commissioner
Investing in Ethiopia Ideal as Country Is Gateway to Rest of Africa: Investment Commissioner

Africa-Press – Ethiopia. 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 Ambassador 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.

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