Ethiopian Officials, Hungary-based Int’l Firm Discuss on Ways to Investing in Energy Sector with Joint Venture

Addis Ababa March 5/2023/ENA/ Foreign Affairs State Minister Ambassador Mesganu Arga, along with Minister of Planning and Development Fitsum Assefa held a business meeting with the co-founder of a Hungarian-based international firm, Equilibrium Capital, Peter Nagy, in Doha, Qatar. 

The meeting, organized by the Ethiopian Embassy in Doha, focused on the potential of the firm's Invest in Ethiopia's energy sector through a joint venture. 

Equilibrium Capital is a firm engaged in the provision of sustainable financing, including in energy infrastructure. 

The Ethiopian higher officials briefed the co-founder of the firm about the investment opportunities in Ethiopia, particularly the potentials in the generation of renewable energy and the transmission and provision of electricity services. 

They also highlighted the priority given by the Ethiopian Government to equity capital following the opening up of the banking and financial sectors for foreign investors, which is under implementation as part of the Ethiopian Home-Grown Economic Reform.