Ethiopian President desire U.S. Companies to invest Ethiopia

Djibouti (HAN) March 22, 2014 – The President of fedeeral Ethiopia, Dr.Mulatu Teshome said it is Ethiopia’s desire that US companies invest in Ethiopia in various areas.

While conferring with a delegation of Corporate Council on Africa (CCA), the President said Ethiopia is interested on US companies to engage especially in manufacturing, power generation and infrastructure development.

The President briefed the delegation about investment opportunities in the country. CCA President Stephen Hayes on his part expressed US companies’ interest to invest in Ethiopia in manufacturing, power generation

and infrastructure development as well as information technology. He said the peace and stability, human power and the country’s rapidly growing economy is attracting attention of many companies.

CCA is a nonprofit, membership-based organization established in 1993 to promote business and investment between the United States and the nations of Africa.

CCA has more than 160 member companies, which represent nearly 85 percent of total U.S. private sector investments in Africa. Its members range from America’s smallest to largest corporations
The former Ethiopian Ambassador to Turkey, Dr. Mulatu Teshome Wirtu (Oromo nation) was last October, 2013 sworn in as the new President of Ethiopia. Ambassador Mulatu served in various ministerial positions before he was appointed as an Ambassador under the current administration. The President of Ethiopia is also the executive member of the Oromo Peoples’ Democratic Organization (OPDO).

Sources: Tasfaye Abera – @HAN & Geeska Afrika Online Market Reporter

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Sources: HAN & Geeska Afrika Online (1985-2014), The oldest free independent Free Press in the region, brings together top journalists from across the Horn of Africa. Including Ethiopia, Somalia, Eritrea, Sudan, Djibouti, South Sudan, Uganda, Kenya, Oromo, Amhara, Somali, Afar and Harari. Plus, we have daily translations from 150 major news organizations in the Middle East and East African regions. Contact at news@geeskaafrika.com