Japanese Business Federation ponders enhanced trade, investment prospects in Ethiopia

Addis Ababa, February 27, 2024 (FBC) – The Japanese Business Federation and twelve companies’ representatives led by Ichiro Hara, Managing Director of the federation, discussed with Semereta Sewasew, Minister of State for Finance, to explore opportunities to boost trade and investment ties with Ethiopia.

The state minister appreciated the delegation’s intention to participate in development activities in Ethiopia and urged the companies to discover the country’s investment potential.

Moreover, she wished to see more Japanese companies engaging in Ethiopia and encouraged the companies to take this opportunity to explore more investment opportunities in the country.

The delegation expressed their enthusiasm to expand existing and new trade and investment activities in Ethiopia. They inquired about the ongoing economic reforms and investment opportunities in various sectors such as mining, agriculture, and energy as well as the macroeconomic performance of Ethiopia.

The meeting was held in the presence of Shibata Hironori, Ambassador Extraordinary and Plenipotentiary of Japan to Ethiopia, and senior representatives from the Ministry of Finance and the Ministry of Foreign Ministry of Foreign Affairs of Ethiopia.