The Consulate General in Los Angeles in collaboration with the Ministry of Foreign Affairs of the Federal Democratic Republic of Ethiopia hosted virtual Investment Forum on Thursday March 18, 2021 to strengthen business ties between Ethiopia and the United States of America.
This forum made a successful deliberation on Home-Grown Economic Reform and the Business Environment in Ethiopia, including opportunities & incentives in the priority sectors the country provides to foreign investors.
In this investment forum more than 108 company representatives, representatives of chambers of commerce and organizations were represented.
H.E Ambassador Ababi Demissie, Director General for Foreign Direct Investment and Technology Transfer, Ministry of Foreign Affairs of the Federal Democratic Republic of Ethiopia in his opening remarks emphasized on the reasons for doing business in Ethiopia and the investment opportunities and incentives available for investors.
The Director General further underscored that this kind of investment forums are key instruments to enhance ties between Ethiopia and the United States of American companies and businesspersons.
In addition to this, presentations about investment potentials and facilities available to investors were delivered to the attendees of the virtual forum from the representatives of Ethiopian Investment Commission and the Ministry of Mines and Petroleum of the Federal Democratic Republic of Ethiopia.
H.E Ambassador Mulugeta Kelil, Consul General of the Federal Democratic Republic of Ethiopia in Los Angeles, on his closing remarks stressed that “the Consulate General of the Federal Democratic Republic of Ethiopia in Los Angeles invites all to visit and explore investment opportunities open to investors, in various priority sectors, in Ethiopia.
He also assured investors his Consulate General’s commitment to expediate the ease doing business in the areas of the investment, the participating investors of the virtual conference, and any investor is interested to do business in Ethiopia.
He also promised to organize, in the future, such kind of forums that will bring together investors to exchange valuable information and accelerate collaboration.