US based PepsiCo eyes Ethiopia investmentPepsiCo Inc., an American multinational food, snack, and beverage corporation, has expressed its interest to invest in Ethiopia.

Ambassador of Ethiopia to South Africa, Dr. Shiferaw Teklemariam, held a discussion with the senior management staff of the African branch of the NewYork headquartered corporation.

PepsiCo considers Ethiopia as a strategic nation for its investment and products, they said, further expressing interest to invest in edible oil as well as food and juice processing plant.

Ambassador Dr. Shiferaw for his part said Ethiopia attaches due attention to the agro-processing industry, adding the Government of Ethiopia would give full support for the planned projects of PepsiCo.

The ambassador extended an invitation to heads of the companies to visit Ethiopia to assess the conducive investment climate, meet with government officials and the private sector.

Heads of the corporation accepted the invitation and pledged to visit Ethiopia and meet with stakeholders soon, Africa Business Networking reported citing FBC.

See More at https://africabusinessnetworking.com/us-based-pepsico.../

 

Pharma webinarAd UNIDO 1The Ethiopian Investment Commission, in partnership with UNIDO-Investment and Trade Promotion Office(ITPO)- South Korea Office, has organized a virtual event that aims at promoting the Country’s business opportunities to selected south Korean Pharmaceutical companies. The event will bring together government regulatory and procurement agencies, business leaders, professionals, policymakers, and health practitioners. The event will take place from November 2-6,2020.  To join the webinar, please click on the Zoom meeting link 10 minutes earlier at 8:50 am (GMT +3): https://zoom.us/webinar/register/WN_wfH9FmBMQTW0F_vD_E_arA No passwords are required and there will be no waiting room. 

Companies who would like to participate in the subsequent B2B or B2G meetings from the 3rd-6th November 2020 are kindly requested to complete the below application form: 

https://forms.office.com/Pages/ResponsePage.aspx?id=DQSIkWdsW0yxEjajBLZtrQAAAAAAAAAAAAMAACedY2pUNDNTQzdLMUVKT1dHOFFESFVZTUoxN0RHNC4u

 

State Minister calls for more UAE investment in EthiopiaState Minister of Foreign Affairs Tsion Teklu today received the Ambassador of United Arab Emirates (UAE) to Ethiopia, Mohammed Salem.

The two discussed bilateral issues of mutual interest with a particular emphasis on investment opportunities and challenges for UAE investors in Ethiopia.

State Minister Tsion said the two countries should scale up their relationship with investments that encourage social responsibility, technology transfer, job creation, and capacity building.

She said the newly enacted investment regulation, as part of the sweeping socioeconomic reforms in Ethiopia, would be a plus to attract foreign investors.

The two underscored that cooperation between stakeholders from both countries to deal with matters of investment relations is indispensable to create a suitable business environment in the country.

Ambassador Mohammed Salem expressed his hope that the Ethiopian investment and business environment would be even more attractive with due attention given to weed out bottlenecks to investment.

Read More at https://www.fanabc.com/english/state-minister-calls-for-more-uae-investment-in-ethiopia/

 

 

Ethiopia generates over 46mln export revenue from industrial parksIndustrial parks in Ethiopia have exported worth over 46 million USD products during the first quarter of the current Ethiopian fiscal year, Ethiopian Investment Commission (EIC) said.   

EIC Commissioner, Lelise Neme told the media recently that despite the challenges of Covid-19 the East African country earned about 46.1 million U.S. dollars in exports from both the public and private industrial parks that are operational across the country.

Ethiopia is exporting mainly apparel, textile, shoes, leather, and leather products from its industrial parks.

The stated amount of export earning has accounted for 71 percent of the target in the stated period, according to the Commissioner.  

“For us, the revenue generated during the quarter was not bad as we have been confronting the challenges posed by COVID-19 which is currently affecting the sector even at the international level’’, she said.

Ethiopia was also able to ease the impact of COVID-19 on the investment sector by facilitating ways for the companies to engage in other types of products vital to prevent COVID-19, she said.

See More at https://africabusinessnetworking.com/ethiopia-generates-over-46mln-export-revenue-from-industrial-parks/

 

Ethiopia Secures 500 Mil USD from FDI in Three MonthsEthiopia has secured 500 million USD from Foreign Direct Investment (FDI) in the past three months, Commissioner Lelise Neme told journalists.

The foreign companies are mainly engaged in the manufacturing, agriculture, and service sectors, the Commissioner said.

She further stated that the commission has been striving hard to attract more FDI to the country despite the challenges of Covid-19 and instability in some parts of the country.

Ethiopia was also able to ease the impact of COVID-19 on the investment sector by facilitating ways for the companies to engage in other types of products vital to prevent COVID-19, she said.

Several manufacturing companies have now producing face-masks, gloves, and COVDI-19 testing kits that helped the sector to shoulder the impact of the pandemic.

Furthermore, the Investment Commission is working to intensify investments in the newly inaugurated industrial parks.

See More at https://www.ena.et/en/?p=17726