Ethiopia Signs Host Country Agreement with AeTrade Group

Addis Ababa December 19/2024 (ENA)—Ethiopia has signed today a host country agreement with AeTrade Group, an African Diaspora-led social enterprise aimed at establishing the regional headquarters for East Africa in Addis Ababa, Ethiopia.

During the signing ceremony, State Minister of Foreign Affairs, Ambassador Mesganu Arga, emphasized that the agreement is crucial for facilitating the African Continental Free Trade Area (AfCFTA), creating job opportunities, stimulating start-ups, and strengthening the digital economy.

The State Minister also highlighted the Ethiopian government's commitment to supporting AeTrade Group in operationalizing its regional headquarters in Addis Ababa.

AeTrade Group CEO Mulualem Syoum reaffirmed his organization's dedication to investing in the development of a new African market, with the goal of creating sustainable job opportunities on a larger scale.

 “As Ethiopia has signed and ratified the AfCFTA, we are fully prepared to assist Ethiopian companies in benefiting from this important policy decision,” he added.

The African E-Trade Group (AeTrade) is a multi-stakeholder group of African professionals and business people with a vision to develop and implement an e-empowerment program that will enhance intra-and inter-African trade.