ADDIS ABABA– Deputy Prime Minister Demeke Mekonnen, while attending the UK-Africa Investment Summit in London, said that Ethiopia’s current priority on the economic front is “to strengthen the role of the private sector, achieve sustained economic growth through export-led industrialization and make Ethiopia an African beacon of prosperity by 2030.”
According to the Embassy of Ethiopia in London, Demeke also highlighted some of the measures introduced by the incumbent government towards attaining that ambition.
“Since 2018, Ethiopia has initiated a series of political economic and social reforms. We have revised our investment laws to ensure that the domestic market is business-friendly and opened up key sectors that were previously closed to foreign investment,” he said.
“We want to create an attractive investment environment, empower the private sector, build our production capacity and create dynamic and competitive Ethiopian enterprises,” he added in his closing address.
On the occasion, the Deputy PM also called upon the UK to invest in Ethiopia. “We want UK businesses to be among the first to take advantage of this.”
The UK-Africa Investment Summit, hosted by the UK, was the first-ever. According to media reports coming out of London, the summit brought together businesses, governments and international institutions to showcase and promote the breadth and quality of investment opportunities across Africa.
The Ethiopian Herald January 22/2020
BY STAFF REPORTER
