The High-level Ethiopia-China Investment Forum held in Beijing

On February 25,2023, the High-level Ethiopia-China Investment Forum co- organized by Ethiopian Embassy and Chinese Investment Promotion Agency (CIPA) held in Beijing. In the forum the Delegation led by H.E. Ahmed Shide, the Director General of CIPA and more than 180 CEOs, General Managers & Professionals from 62 Chinese anchor companies are participated.

Speaking on the occasion, Finance Minister Ahmed Shide welcomed and commended the participants for their prompt response to Embassy’s call to attend the high-level forum and said the presence in the forum signifies continued commitment and devotion to further strengthen the fraternal relationship that exists between Ethiopia and China.

Stating that over the years of steadily growing relationship, China and Ethiopia have become friends in need and friends indeed, he said, currently China as a development partner of Ethiopia, has been making a significant contribution for Ethiopia’s stellar economic and social growth.

According to H.E. Ahmed Shide, the physical, economic and social infrastructure projects undertaken by Chinese public and private enterprises are not only making a real difference in the livelihood of Ethiopians but also building Ethiopia as a competitive and attractive destination for foreign direct investment.

Mr. Liu Dianxun, Director General of CIPA on his part emphasized, Ethiopia and China have undertaken fruitful cooperation in fields of economy, trade, investment, infrastructure, public health, so on and so forth. At the end of 2022, the FDI stock by Chinese enterprises in Ethiopia has reached US$3.3 billion, which ranked first in Africa.

H.E. Lelise Nami, Commissioner of Ethiopian Investment Commission has briefed in detail to audience on investment potential and opportunities in Ethiopia and commitment of the government. She called upon the companies to make Ethiopia as a primary investment destination.

At the forum, the panel discussion is conducted by including the head of Ethiopian delegation H.E Ahmed Shide, Minister of Finance, H.E Mamo Miheretu, the Governor of National Bank, H.E Dr Eyob Tekalegn, V-Minister of Finance, H.E. Lelise Nami, Investment Commissioner and H.E Dr. Brook Taye, Director General of Capital Market Authority. The panel was moderated by H.E. Ambassador Dawano Kedir, Deputy Head of Mission and who is currently Chargé d’affaire of Ethiopian Embassy

The points raised in the panel were focusing on among others, Ethiopia’s economic performance and future economic projections, the undergoing reforms by the government of Ethiopia to prompt economic growth, homegrown economic reform, the new opened investment priority sectors, and the Ethiopian Capital Market.

Officials from Higher Government Institutions like MOFCOM, CIPA and CCOIC, and 180 CEOs, General Managers and Professionals from 62 anchor companies in the areas of Pharmaceuticals, Construction, Cement, Mining, Steel, Textile, Energy, Telecom, Chemical and others were attended in the forum.

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