Ethiopia-US Business, Investment Forum Held in Washington

Date:

Addis Ababa, April 18, 2024(Addis Walta) On the sidelines of the 2024 Spring Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG), an Ethiopia-US Business and Investment Forum was organized by the Ethiopian Embassy in Washington, D.C., in collaboration with Wafa Marketing & Promotion.

The forum attracted approximately 150 investors from Ethiopia and the United States, providing a platform to elucidate and deliberate on Ethiopia’s investment prospects and business environment.

According to the Embassy, the event also served as a valuable networking opportunity for the investors in attendance.

The forum highlighted Ethiopia’s status as a leading trade and investment hub, ranking among the top 5 in Africa for Foreign Direct Investment (FDI). Recent technology collaborations with industry giants such as Google, Meta, Databricks, and Palantir underscore the nation’s favorable business environment.

It was indicated during the forum that promising advancements and growth in aviation, IT, AI, as well as workforce development, coupled with abundant opportunities across sectors including textiles, mining, finance, and telecom, position Ethiopia as a key priority for Foreign Direct Investment.

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