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State Minister of Foreign Affairs Dawano Kedir said that Ethiopia is open to Foreign Direct Investment (FDI) during a visit by a South African business delegation.

The South African company LontohCoal shipped 27,500 tonnes of Coal to Ethiopia on Wednesday. The shipment will be arrive through Port Djibouti for Huang Shan Cement and CH Clinker.

The two Chinese companies are subsidiaries of the Guangdong Chuanhui Group which signed the two year agreement for 480,000 tonnes of coal every year with LontohCoal.

The Coal was expected to arrive in September but was held up due to transportation difficulties.

A business delegation from South Africa visited Ethiopia this month according to Yayheyrad Abate Deputy Director of the Addis Ababa Chamber of Commerce and Sectoral Associations.

The delegation is part of a series of bilateral agreements to enhance relations he said. The areas of agricultural, education, human resources and tourism were discussed as potential areas of cooperation he noted.

The Johannesburg Chamber of Commerce was represented by the delegation along with companies from the construction sector and a supplier of crushing equipment and an agricultural company.

The Journey, South African based tourism consulting and marketing firm has concluded an agreement with Ethiopian Ministry of Culture and Tourism under the ‘Ethiopia Sustainable Tourism Development Program’ to set up a national tourism marketing strategy and tourism brand for Ethiopia.

South African mining firm by the name Altus Strategies PLC, has been given the license to explore gold in Ethiopia. The company, experienced with exploring gold, silver, copper and other natural resources in Ethiopia, Morocco, Liberia and Cameroon, will now undertake the exploration work in Daro, Tigray State.