The Ethiopian Embassy in Ankara, in partnership with the Bursa Chamber of Commerce and Industry, hosted an investment forum in Bursa City. The forum aimed to promote investment opportunities and incentives in Ethiopia to foreign companies. Investors from Bursa City and its suburbs in the manufacturing, construction, energy, agriculture, and export sectors attended the event.
An investment forum called Invest Origins which is organized by Land Bank and Development Corporation (LBDC) will be held in Addis Ababa between January 26 and 27 at the Ethiopian Science Museum. The forum is aimed at attracting investors to invest in the country in areas of housing, health, education, hospitality, and ICT.
An amendment for the Ethiopian Investment Proclamation was sent to the House of Peoples’ representative s for discussion, Capital reported.
A Boeing 737 aircraft that was owned by Ethiopian Airlines is sold to become a hotel and restaurant in Burayu town, some 15 km west of Addis Ababa.
Melaku Alebel, Minister of Industry, called investors to enter Bulbula Integrated Agro Industrial Park and take advantage of the favorable opportunity created by the park, which would ease the problem of raw material supply and infrastructure. The Minister stated this during a program which was prepared to promote the park.
During the promotional program, it was stated that the construction of the park which is located in Oromia region was fully completed. The park is waiting for investors to start production.
The program saw the participation of the President of Oromia Regional State, Shimels Abdissa, the Minister of Ministry of Industry, Melaku Alebel and other senior officials.
Melaku Alebel said that integrated agro industrial parks would have a significant contribution to earning foreign currency by adding value to domestically produced products.
