Ethiopia: U.S. Companies Promoting Business in Ethiopia

ADDIS ABABA -- As Ethiopia explores new ways of tapping into its incredible economic potential, American Companies are promoting responsible business practices to encourage American companies to be part of the process both as investors and being exemplary for foreign investment for shared benefits, according to U.S Embassy.

Opening a half-day panel discussion at Hilton Hotel Thursday, U.S. Ambassador Michael Raynor said that the United States has consistently advocated greater space for the private businesses and investors to thrive. While Ethiopia has made tremendous progress on economic growth in recent years, the challenges ahead will require a greater role for the private sector, he said.

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