Hailemariam Desalegn, the Prime Minister of Ethiopia, will host the first International Agro-Industry Investment Forum in Addis Ababa in Ethiopia from 5 till 7 October 2016.
The event is co-organized by the Government of Ethiopia and the United Nations Development Organization (UNIDO). The high-level investment forum will feature participants from the public and private sector, including representatives of the Ethiopian Government, current investors, international financial institutions, domestic enterprises, international organizations and industry associations.
Ethiopia has enjoyed one of the fastest growing non-oil producing economies in the world and is quickly becoming a prime investment destination. Growth has been driven by increased market liberalization and public investment in infrastructure projects such as roads, railways and power generation. In order to sustain the high economic growth rate, recent government reforms and incentives have unlocked investment and business opportunities, with a special focus on the industrial sector.
As part of the country’s Growth and Transformation Plan, the Government has identified the development of labour-intensive light manufacturing and industrial zones as priorities for accelerating industrialization. Ethiopia offers an environment conductive to investment thanks to its stable political climate, low labour costs, its abundant resource base, its openness to trade, its solid transport infrastructure, its large internal market and favourable business climate.
Building on the country’s recent progress, the first international agro-industry investment forum aims to mobilize additional private investment in light manufacturing, with a particular focus on food processing, textiles and garments, and leather and leather products. It will showcase specific investment opportunities and present investment profiles.
For more information and to register for the event, please click here.