12 January 2014

Ethiopia: UK,Ethiopia Strengthen Investment

Ethiopian minister of Foreign Affairs, Tedros Adhanom (PhD) attended a business lunch on Thursday, January 9, 2014, organized by UK companies investing in Ethiopia in collaboration with the British Embassy in Addis Abeba.

TheUKcompanies, which included Pitards, JCB, Diageo and Stratex were engaged inEthiopiain leather, brewery, mining and garment businesses.

They also held a side exhibition of their products, Tedros and Greg Dorey, the British Ambassador toEthiopia, visited.

Addressing the meeting, Tedros noted thatEthiopiawith its growing market size, its youthful labor force and its conducive investment climate offers great opportunity to British investors.

He reaffirmed the readiness of his office to support their efforts.

"It is through making your investment endeavors inEthiopiacomfortable that we can lure others to come," he said.

He said the government is doing its level best to address any problems in telecom and energy supplies, foreign currency, financial services or other investment related issues.

Greg Dorey said the bilateral relations between Britian andEthiopiawere developing steadily with a growingUKinvestment inEthiopia.

He noted that moreUKinvestment was in the pipeline to take advantage of the good investment climate inEthiopia, and he underlined the immense opportunities available inEthiopiaforUKcompanies in different sectors.

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