and Business Seminar held in Stockholm
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.
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.
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.