Home Business Ethiopia: Extra French Firms Eager to Put money into Ethiopia in Varied Sectors – French Ambassador-Autopresse.eu

Ethiopia: Extra French Firms Eager to Put money into Ethiopia in Varied Sectors – French Ambassador-Autopresse.eu

Ethiopia: Extra French Firms Eager to Put money into Ethiopia in Varied Sectors – French Ambassador

2020-10-17 16:32:34

Addis Ababa — Outstanding French firms are exhibiting curiosity to spend money on Ethiopia within the space of power, logistics, and telecom sector, French Ambassador to Ethiopia, Remi Marechaux stated.

In an unique interview with ENA, Ambassador Remi Marechaux stated the variety of French traders working in Ethiopia has now reached 55 which is twice the quantity some 5 years in the past.

The businesses are primarily engaged in power together with geothermal and hydro enterprise improvement in addition to manufacturing sector which is vital to encourage import substitution, the Ambassador stated.

French firms are additionally very a lot eager to spend money on the sector of logistics, power, transport and telecom sector in Ethiopia, he acknowledged.

The Embassy is working to draw extra traders to Ethiopia by way of numerous mechanisms, the ambassador identified.

On this regard, he added that a number of occasions might be organized together with an occasion referred to as ‘Mission-Africa’ which is able to occur in France on November.

A go to by the most important French investor union to Ethiopia, which is scheduled for January subsequent yr, can be a part of this initiative, ambassador Remi Marechaux stated.

The Ambassador additionally expressed his hope that extra French firms would come to Ethiopia because the potential for funding within the nation is big.

Concerning the bilateral relations, Remi identified that for the reason that go to of President Emmanuel Macron final yr, the 2 nations have been having fun with a powerful relation which is accompanied by change of visits.