Ethiopia sticks out for its bountiful resources that could help the country unleash its potential towards socioeconomic pickup and also attract investors from wide and far to the same effect. This could not be gainsaid.
For instance, a multitude of Ethiopia’s rivers from every corner of the country make confluences to roar past its borders to share the boon to neighboring countries too. Water is a precious resource investors set their eyes on while contemplating a lucrative investment venture.
Electricity is the blood that gallops down the veins of industries. This salient prerequisite of investment is one box Ethiopia could boast outright ticking while sweet talking investors to make this development -enthused nation their destination. Among such tapped resources of the country mentioning GERD is but enumerating such potentials investors sniff while making a head on dive into an investment venture.
Higher learning institutions have mushroomed in Ethiopia, which is noted for a huge population size in Africa. As such when it comes to a relatively less expensive manpower that could be easily skilled investors are not expected to think twice in venturing to invest in Ethiopia.
In aviation technology Ethiopia takes the lead. Ethiopian almost connects every corner of the globe Therefore, investors must not harbor fear of timely air transport pertaining to investment related transaction. Some countries not in the Ethiopian destination list have come to the extent of allowing a temporary landing permission by way of promoting trade and investment. Also, the rail and road infrastructural facilities that connect Ethiopia to neighboring countries as well make it the nerve center for import and export trade.
As witnessed in the recent exhibition staged by the Ministry of Mines and Petroleum of Ethiopia has numerous minerals in its bosom. Minerals like coal, crude oil, plater gold, iron and cement that lure investors specializing in the industry sector. That is one reason why foreign investors attest Ethiopia is a gifted land.
Ethiopia has brought into life many industrial parks which attracted foreign investors. This by itself testifies Ethiopia is a real investment hub. Aside from its longstanding tranquility that at rare occasions face lapses, Ethiopia stands out for the role it has been playing in collective security say in Sudan, Somalia, Rwanda and Congo. Of course, that is in the not distant past. With such favorable history in its back pack the magnetic pull of Ethiopia to investors is observably irresistible.
Including tax holidays Ethiopia has also introduced the right investment policy mix subject to amendment based on feedbacks. Its officials are ever on the toe to cater to the right demand of investors. Ethiopians’ cordiality could top things of. Ethiopia’s ambassadors in Europe, Asia, Africa and USA as well as its diaspora members are, round the clock convincing investors around the globe to go for lucrative investment ventures in Ethiopia. Owing to such concerted effort the push for FDI is being attended by an influx of tourists. For instance this week the Pakistan and Japan investors were warmly greeted by officials eagerly awaiting them late into the night.
To materialize its vision of affluence Ethiopia is observably heading on the right track of development putting FDI top on the agenda. Taking stock of its past performance strengthening strong sides and redirecting ways ahead as per the situations demand is exigent. Hence, we Ethiopians have to maintain the momentum of its FDI scouting convergence of interest.
Also conserving our resources like water that helps generate hydropower is crucial. Thus, we have to conserve such resources actively engaging in environment protection activities. Above all, as witnessed, our ambassadors must press ahead with the task of promoting Ethiopia’s investment potentials clicking with foreign media outlets in their environs.
The Ethiopian March 12/ 2023
