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 The
American millionaire Victor Ozeri said Ethiopia
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Dr.Abdullahi Mohamed (Deputy Editor Geeka Afrika
Online)
Djibouti (HAN) September 15th, 2007
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IGAD2020:
Regional Security Note:
Victor Ozeri is Founder and President of Interasian
Resources Group LLC. Mr. Ozeri began his career by
moving to The People’s Republic of China in 1981 where
he lived for 10 years. During his time in Asia, Mr.
Ozeri was instrumental in assisting the provincial
governments of The People’s Republic of China in
creating the first joint venture handbag factories
catering to American consumers.
Full Comment: writte- Geeska Afrika Online at:
news@geeskaafrika.com or han@geeskaafrika.com
2007
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The
American millionaire Victor Ozeri said Ethiopia
Djibouti (HAN) September
15th, 2007 - The American millionaire Victor Ozeri said
Ethiopia could become the next China if the current economic
growth trends continue with all the tremendous potentials just
starting to be exploited.
The millionaire who owns five companies in USA and Asia, with 20
factories in China producing 38 million handbags annually, said
what he sees in Ethiopia now is what he had seen in China 20-25
years ago.
Ozeri, who is also building a garment factory in partnership
with an Ethiopian woman investor, stated that the country's
economy is about to explode and Ethiopia is the place that the
world has to come to next.
The American investor who specializes in handbag manufacturing
also said he would establish handbag manufacturing company in
Ethiopia in addition to the significant amount of investment he
is putting into the garment factory as he has observed a stable
government and encouraging investment atmosphere.
Though there are lots of incentives to attract investors to
Ethiopia, naming the AGOA opportunity which he said is a
tremendous saving to be earned from investing in Ethiopia, a lot
remains to be done in promoting the available incentives to the
world, according to Ozeri.
The Ethiopian investor partnering with Victor Ozeri, Lily Betru,
on her part said the garment factory to go operational in 4-6
months time would create jobs to about one thousand Ethiopians.
According to her, the factory would solely manufacture garment
for export.
Ozeri who is famous for being the first person from his sector
to go to communist China in 1981and who considers himself to
have contributed to China's economic boom also runs charitable
organizations in Ethiopia and New York.
Currently his NGO helps 120 girls to attend private schools
while being provided shelter and food in a facility he built, it
was learnt.
Diplomatic Note: The AU mission ... will not
interfere in the internal affairs of the Somali people but
support the transitional federal government to train enough
security forces to handle Somalia, said Geofrey Mugunya, head of
the AU Peace and Security Council. Sources: HAN
News Agencies
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