Ethiopia’s Untapped Investment Opportunities Revealed for Firms, Institutions at Global Investment Forum
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Loading... - Agyei Gyan
- 27 Jan 2023
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The two-day “Invest Origins”, which is designed to draw high-caliber, diverse investment into Ethiopia’s expanding market by sharing information on landholdings ready for project co-designing and incubation to full maturity, among others, has continued by revealing the untapped investment opportunities in the country.
Opening the forum, Health Minister Dr. Lia Tadesse said pharmaceutical medical manufacturing is one of the investment opportunities in Ethiopia.
The government is committed to enhancing economic growth as the country places an investment opportunity for health as well.
According to the minister, studies by the African Development Bank have shown that 70 percent of the needed medicine in Africa is imported from other continents.
Manufacturing is therefore the focus area of not only the continent but also the country, she noted, adding that as a country more than 90 percent of the needed medicine supplies of Ethiopia are imported.
Land Bank and Development Corporation CEO, Lensa Mekonnen said that identifying investment portfolios has been one of the priorities of the corporation, alongside working on designing how to engage with investors.
“We will discuss with private actors on forming the kind of partnership with them. Our next job is to bring investment and work on the ground as now is the time of action.”
The forum is targeted to be used as a stepping stone to engage companies with financial capacity into actual operation, she stated.
Capital Market Authority Director General, Brook Taye said on his part that there is a huge untapped potential in Ethiopia. Read More…
