Investment and Business Seminar held in Stockholm

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Investment and Business Seminar held in Stockholm

 

 

Ethiopian Embassy in Stockholm, in collaboration with Chamber Trade Sweden and the Swedish-Ethiopian Chamber of Commerce (SECC), organized (June 11) a seminar to promote investment and business opportunities in Ethiopia. The seminar was attended by Ethiopian textile and leather companies, the Ethiopian Women Exporters Association and a number of companies from Sweden.

 

Tadesse Haile, State Minister of Industry, led The Ethiopian business delegation and gave elaborated presentation about the current state of Ethiopia’s economy and the investment opportunities. He said Ethiopia has become a preferred destination due to the conducive investment environment, low crime rate, zero tolerance of corruption, stable exchange rate, government incentives to investors, and welcoming attitude of the people to Foreign Direct Investment. During his stay in Sweden he met with the Finance Minister of Sweden, Anders Borg, and discussed the ways to strengthen the business-to-business relations between the two countries. Mr. Borg also witnessed Ethiopia's fast economic growth and underlined the business opportunities for the Swedish companies.

 

Ambassador Woinshet Tadesse, in her welcoming speech, detailed Ethiopia’s developmental achievements in the area of education, healthcare, and poverty reduction endeavours. She also noted the mega infrastructure projects in various sectors, such as roads, railways, telecommunication and energy, are crucial for investment and sustained economic growth. Peter Stein, CEO of Stein Brothers AB, highlighted the fact that Ethiopia becomes a global manufacturing hub. He emphasized Ethiopia's present and future strong growth potential in agriculture and manufacturing sectors. Experts from the Ethiopian Textile & Garment Industry and the Leather Industry provided details about business and investment opportunities in their respective sectors. The delegation also visited the Textile University in Borås, followed by business-to-business meeting with different leather and textile company representatives.

 



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