Prime Minister Abiy Encourages Investors from BRICS Nations to Seize Opportunities in Ethiopia

Addis Ababa October 18/2024 (ENA) Prime Minister Abiy Ahmed, in session of the BRICS Business Forum, has encouraged investors from the bloc to seize the opportunities available in Ethiopia.

In his video message at the plenary session of the forum in Moscow, the premier called on those investors from BRICS countries to engage in Ethiopia  particularly, in sectors such as manufacturing, agriculture, renewable energy, mining, ICT and tourism.

These industries hold enormous potential for growth and innovation, the Prime Minister pointed out.

“By investing in these areas, these countries can benefit from Ethiopia’s strategic positions as a gateway to the African continent, while contributing to our shared development of objectives,” Abiy elaborated.

He further stated that Ethiopia is firmly committed to the implementation of the 2025 strategy for BRICS economic partnership, which seeks to promote sustainable development across its economic, social and environmental dimensions in an integrated and balanced manner.

This strategy aligns with Ethiopia's own development goals, particularly as we move towards industrialization, food security and environmental resilience, the premier indicated.

 Noting that the global economy continues to face challenges such as growing inequality, rising prices and unemployment, Abiy stressed the need for collaboration.  

He underscored that: “It is essential that the BRICS business community collaborates to develop strategies that mitigate this spillover effect.”

To this effect, PM Abiy reaffirmed his country’s commitment, adding that “Ethiopia stands ready to contribute to this effort.”

Finally, Prime Minister Abiy urged the BRICS member countries to  embrace the opportunity with a spirit of unity, determination and shared sense of purpose.

 “Together, BRICS member states can achieve remarkable progress and build a future market by shared prosperity, sustainable development and economic resilience for our people.”