Govt, Reps of 50 German Companies Discuss Investment Opportunities in Ethiopia

ADDIS ABABA – More than 50 German Companies and government officials of Ethiopia met on Friday to discuss opportunities for trade and investment for German companies in the East African nation.

The virtual meeting was organized by Afrika Verein (German Africa Business Association) in cooperation with the embassy of Ethiopia in Berlin and the Ministry of Foreign Affair (MoFA).

State Minister of Foreign affairs, Ambassador Redwan Hussien said the forum provides an opportunity to widen the diplomatic relationship between Ethiopia and Germany with expanded business-to-business relations. 

Redwan also highlighted key legal and economic measures in the ongoing reform process in the country that are helping to promote the business opportunities in Ethiopia and assisting companies who are keen to invest in his country.

Appreciating existing German Companies in Ethiopia, the State Minister expressed his belief that other would follow the footsteps of them and increase the flow of FDI from Germany.

Ambassador Redwan, finally, called upon the German Government to give more support to German companies interested to do business in Ethiopia through facilitating credits lines and other financial mechanisms. 

During the meeting, Aschalew Tadesse, Promotion Director at the Ethiopian Investment Commission, tabled various investment opportunities that the German investors would find attractive in the east African nation.

Managing Director of the Afrika-Verein der deutschen Wirtschaft, Claudia Voss has called on German companies to exploit investment opportunities in Ethiopia.

Afrika-Verein der deutschen Wirtschaft has at least 250 German companies as its members.

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