Gov’t identified economic gaps to create attractive investment opportunities in Ethiopia: Amb. Seleshi

Addis Ababa, October 10, 2022 (FBC) – Ethiopian Ambassador to the USA, Seleshi Bekele, held discussions with Ethio-Americans and USA investors who live in California on the wide range of investment opportunities available in Ethiopia and the current economic and political conditions of our country.

Ambassador Seleshi stated that the government has identified many gaps in the economy to make things easier for investors who are interested to engage investment in Ethiopia.

Among them, he cited, the shifting of long time state-controlled companies to the private sector, allowing foreign investors to enter and invest in sectors such as finance, telecom, energy and the like.

Ambassador Seleshi said that efforts are being made to replace imported food supplies with domestic capacity and to convert them into export income.

The country’s large labor force, favorable climate, market average geography, wide land supply, rapidly growing renewable energy and similar infrastructure will play a significant role in the success of the investors, Amb. Seleshi noted.

He also stated that the investment done by Ethiopian diaspora from USA is beyond the investment participation to ensure the country’s prosperity during this challenging period.

Participants, on their part, raised questions related to foreign exchange supply, current peace and security situation, and government policy plans in Ethiopia.

As the government is working to move the country towards a better path of change in a short period of time, it was forced to go to war to maintain the unity of the country to resist the invasion by the terrorist TPLF, Amb.SelEshi said.

He also reiterated the government’s commitment to peace to resolve the conflict as soon as possible.

Seleshi also said that the Embassy will coordinate with the relevant institutions at in Ethiopia and provide the necessary support to the investors to commence their investment.

Investors engaged in agriculture development, water and energy, telecom, health, coffee cultivation, logistics, finance, research and other sectors participated in the discussion