President Taye Calls on Companies in USA to Invest in Ethiopian Agricultural Sector

Addis Ababa, June 23, 2025 (ENA) -- President Taye Atske Selassie urged American companies to invest in various areas of the Ethiopian agricultural sector, with the goal of fostering mutually beneficial commercial partnerships.

President Taye Atske Selassie took part in a panel discussion entitled "Strengthening U.S.-Africa Collaboration in the Agri-food Sectors" during the U.S.-Africa Business Summit underway in Luanda, Angola.

He was accompanied on the panel by Eswatini Prime Minister Russell Dlamini, Côte d'Ivoire's Prime Minister Bert Beugré Mambé, and three other leaders from companies based in the U.S., Europe, and Africa.

 

During the event, President Taye commended the U.S. government's commitment to enhancing investments in Africa.

He pointed out that Africa has the potential to emerge as the U.S.'s preferred investment hub.

However, he emphasized that this would require African governments to guarantee adequate arable land, a vibrant workforce, and appropriate policies.

Moreover, the president stated that African nations must establish a resilient food system, strong trade connectivity, and sustainable investments in value addition to draw U.S. investment.

In this context, the president asserted that Ethiopia could emerge as the favored U.S. investment destination due to its rich agricultural potential.

 

Ethiopian agriculture has showcased its capabilities in a relatively short timeframe, achieving significant outcomes, citing wheat production as a prime example, he underlined.

President Taye asserted that Ethiopia possesses ample arable land and human resources, thus he urged the American private sector to invest in the nation's agricultural industry, particularly in cotton, wheat, and avocados.

Finally, he encouraged American companies to focus on long-term investment strategies rather than short-term ones, as the former would yield greater benefits for both parties.

A high-level Ethiopian delegation, led by President Taye Atske Selassie is participating at the U.S.-Africa summit in Luanda.

 

Organized by the Corporate Council on Africa (CCA) in collaboration with the Angolan government, the summit will cover opportunities for expanding U.S.-Africa trade, investment, and business relations.

The summit has brought together over 1,500 delegates, including African leaders, ministers, senior U.S. and African government officials, and business leaders.