Mr. Dewano Kedir, State Minister for Foreign Affairs, met with the representatives of a South African business delegation led by Sandra Pires, Head of Stakeholder Relations at NEPAD Business Foundation on Thursday (May 05).
Welcoming the delegation, the State Minister noted that Ethiopia and South Africa were cooperative partners in many fields within the spirit mutual benefit and win-win progress, and said their close partnership and the engagement of South African investors in Ethiopia would uplift existing relations to a higher level.
He explained that Ethiopia offered demographic advantages, extensive and untapped market opportunities, an adequate labor force, favorable legal and regulatory frameworks, a committed leadership and affordable and reliable energy, adding that the country had in effect become a champion of political and macro-economic stability.
As a regional hub of manufacturing, he said, Ethiopia attached cardinal importance to South African business community participation in key areas of light manufacturing including the textile, leather and construction sectors and agro-processing.
He suggested South African investors could engage in and benefit from establishing industrial zones, as well as in the construction, infrastructure and other value adding sectors. Sandra Pires stated that members of the business delegation were willing to work in the spheres of infrastructure, construction, agriculture, mining, capacity building and training; and the State Minister assured the delegation that Ethiopia would be supportive of and work together with South African investors to ensure the success of planned business projects.