M a r k e t N e w s

Ethiopia Largest FDI Recipient in Africa

Posted on : Friday , 1st December 2017

Federal Democratic Republic of Ethiopia President Dr. Mulatu Teshome said Ethiopia has transformed into the biggest recipient of Foreign Direct Investment (FDI) in Africa. 

The seventh International Conference on Pulses, Oilseeds and Spices was under way with the subject 'Africa the future pulses and oil seeds supply'. Speaking on the event, President Mulatu said that the most recent United Nation Conference on Trade and Development (UNCTAD) report showed that FDI flow to Ethiopia surged by 46 percent this year to accomplish gaining 3.2 billion USD irrespective of the diminishing interest in other parts of Africa. 
In addition, he included that such an economic achievement is the unmistakable sign of the government's commitment in handling vital policy reforms and public expenditure over the earlier decade that has helped shape a developing and dynamic private sector. 
The President also commented that the government would continue with its undertakings in policy and regulations correction over a broad traverse of sectors to maintain good distance from business operation impediments. Big improvements in physical infrastructure and significant investment in social infrastructure to build a strong human capital base are fundamental concentrations of the government to impel the private sector and draw in more FDI, as specified by him. 
The agricultural export performance data of the previous ten years demonstrate that oilseeds and pulses subsectors have recorded 1.7% expansion in volume, 8.14 in value and 20.1 average growth rates independently. The president noted, “The increment observed is not only in export volume and value but also in the number of destination countries.”
Bekele Bulado, Minister of Trade said that the government is eager to see the private sector hold a significant part and be the establishment of the nation's economy. 
He noticed that the nation is attempting to develop a capable marketing structure and there exists a highly gainful investment opportunity in Ethiopia. 
Different trading, import and export organisations who contributed 13 to 22 million USD to the nation's forex wage in the last fiscal year were awarded in the function.

Source : bizmap
Featured Companies
  • Fasa | Packaging machinery and solutions
  • /
  • Rasna soft drink and beverages
  • TITAN Containers A/S

Complete List  

Advertisers in previous issue:

  • Kitchen Equipment
  • Manufactures & Suppliers of all Hotel,Restaurant & Bakeries Equipment.
  • Ideo Tecnica, a company specialized in machinery for the confectionery industry and especially chocolate
  •  The company started in 1987 and is today one of the largest privately owned companies supplying containers for a multitude of applications.
  • Wide Range of Food Products.
  • Veendeep Oiltek is one of India
  • Manufacturer of prepared ethnic food and frozen seafood located in Sg. Besar, the western coastline of Selangor.
  •  More than 30000 food and non-food references delivered anywhere in the world.
  • Complete processing lines for Food Industry.
  • Postharvest international directory of suppliers. Equipments, materials & services. Fruits, vegetable & ornamentals.
  • Packing Materials & Machines, Packing  Materials & Machines manufacturer.
  • Wide Range of Kitchen Equipments.
  • VAPA Burners established in 1960, is the pioneer in manufacturing gas fired infrared burners in Lebanon.
  • Dairy Products
  • Bag Snacks registered since 1987 a constant growth, managing to position itself in Italy just below the major leaders of the sector.
  • Dairy Products,Beverages,Ice Creams;etc.
  • Sonarome has supplied customers with quality flavours and fragrances.
  • Ulker Group started its adventure with 75 tons of biscuit production in its first year, 64 years ago.
  •  International Exhibition on Food Products, Processing & packaging Machineries and Allied Industries.
  • Afronutri Ltd is an intermediary supplier of end consumer baby food   products selling directly to retails and wholesalers as well as hospitals and pharmacies.
  • Delta Food produces tomato paste and milk powder in different packaging and in different concentration.
  • Immediately following WWII, Pan American World Airways had a vision of mass civilian international business and leisure air travel and so began trailblazing its way across the skies of the Americas, Europe, Africa, Asia and the Middle East. Thus came
  •  Richfield Industries is a part of one of the fastest growing industrial and services conglomerate with projected turnover of Rs.1000 crore.
  • The company was established since 1976Group of Companies, one of Ghazi and OlayanThe company is located in the schwing and this region is very rich in fruit trees of all varieties because of its mild climate
  • Rich Holding International is a China based international trading company with an expertise in food industry.
Afrotrade International Marketing, Tel: +971-50-6285684
© 1998-2017 Afrotrade