Africab Group keen to invest in Ethiopia

Addis Ababa, January 22, 2020 (FBC) –Heads of Africab Group, Indian manufacturer of wide range of electrical products in Africa, expressed their interest to invest in Ethiopia.

The head met here today with State Minister of Foreign Affairs, Dr. Aklilu Hailemichael.

Noting a number of Indian investors are engaged in many investment sectors in Ethiopia, the State Minister appreciated Africab’s interest to set foot in the Ethiopian market.

He said the company would benefit from investing in Ethiopia with unrelenting support from the Government.

Director of External Marketing at the Dare salaam branch of the company, Dr. Sheikh Yusufali Imani, said the company is interested in producing cables, transformers, switches and other related products in Ethiopia.

According to director, his company is currently engaged in manufacturing, construction and pharmaceutical sectors in Tanzania, Kenya and Zambia.

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