A symposium on the theme of “Doing Business in Ethiopia” was held in Johannesburg, South Africa on Thursday last week (October 30). Organized by Mail and Guardian in collaboration with the Ethiopian Embassy, the South African Department of Trade and Industry, NOMPAK, KPMG, Standard Bank and the Chamber of Commerce of Johannesburg the forum expanded on the investment opportunities available in Ethiopia for South African Investors.
State Minister of Industry, Tadese Haile, gave a key note speech to brief participants on the progress Ethiopia has registered over the last decade and the enormous progress made in the areas of infrastructure, health and education.
Ms Lerato Xlewoa Mlumbi-Perer, from South Africa’s Department of Trade and Industry noted that Ethiopia was one of the countries with favorable investment opportunities for South African Companies. She said the country’s “strategic location, better accessibility for skilled resources, huge market potential and favorable investment opportunities” made Ethiopia one of the best investment destinations for South African investors. She also suggested that both countries should synergize their developmental strategies in order to provide closer economic ties.
Other speakers at the symposium stressed the need for strong economic ties among African countries in order to encourage development for a better Africa. The event was attended by representatives of more than 30 companies as wells as a number of media organizations.
[MinistryofForeignAffairs]