Virtual Investment Forum Held for Businesses in Los Angeles

March 19/2021(ENA)  The Consulate General in Los Angeles, USA, held virtual investment forum on ways of strengthening business ties between Ethiopia and the United States of America.

According to Ministry of Foreign Affairs, the forum made a successful deliberation on Home-Grown Economic Reform and the Business Environment in Ethiopia, including opportunities and 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.

In his opening remarks at the forum, Foreign Direct Investment and Technology Transfer Director-General at  Ministry of Foreign Affairs Ambassador Ababi Demissie  emphasized on the reasons for doing business in Ethiopia and the investment opportunities and incentives available for investors.

He said this kind of investment forums are key instruments to enhance ties between Ethiopia and American companies and businesspeople.

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 Ministry of Mines and Petroleum.

Ambassador Mulugeta Kelil, Consul General 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 expedite ease of doing business in areas of investment.