State Minister Dewano Kedir met Egyptian investors who have an interest in the trade and transport sector on Thursday (February 19). The State Minister welcomed the group, noting that Egypt and Ethiopia had a long and historic relationship over many centuries, and that relations are not restricted to the Nile River but cover many fields including religious and cultural connections. He briefed the investors about Ethiopia’s investment opportunities, its peace and stability, the untapped land and the large trainable labor force. The State Minister noted Egypt’s experience and capacity in different business sectors. He stressed that Ethiopia as an agricultural-oriented state needed investors who had an interest in manufacturing, agro-processing and food-processing sectors. The Egyptian delegation underlined their strong interest to engage in transport, aiming to create strong commercial links between Egypt, Sudan and Ethiopia, and in trade in which they said the current relationship between Ethiopia and Egypt offered good prospects for investment cooperation. They also noted they had substantial experience in trading especially in construction materials. The State Minister appreciated the interest to invest in Ethiopia, and expressed Ethiopia’s readiness to provide full support.
