19 December 2012

Ethiopia: Trade Minister Meets French Business Delegation

The Ethiopian Minister of Trade, Diriba Kuma, met with a French business delegation representing fifteen French companies at his office today, (December 19th). The French business delegation was led by M. Dominique Lafont, head of Mouvement des Entreprises de France (MEDEF).

Welcoming the delegation, Minister Diriba said that the Ethiopian government was committed, as usual, to assist investors who are interested in investing in Ethiopia. He outlined the massive investment opportunities available in transport sector infrastructure development. He also stressed that Ethiopia needed Foreign Direct Investment to boost its development efforts.

The Minister noted that, despite good progress in the transport sector, Ethiopia was still striving to attract more investment especially for railway and road construction. He also highlighted the existing strong relations between the two countries demonstrated by growing French investment in Ethiopia.

M. Lafont said the companies in the delegation were keen to be involved in Ethiopia's efforts in the transport sector particularly in railway construction. He said that Ethiopia's policy towards integrating the region through electricity and transportation offered a bright future for the development of the region. He reiterated French business interest in the massive regional and local infrastructure projects, adding that the companies represented on the delegation had very considerable experience in Africa including Ethiopia, as well as other parts of the world in the logistics and the development of infrastructure.

The interests of the companies on the delegation cover power generation, international transport and airport engineering, and construction, as well as earth moving equipment, steel production and railways.

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