Ethiopia

Hailemariam Desalegn promises improvements to investment climate


Published

Prime Minister Hailemariam Desalegn met with around 800 domestic and foreign investors on Wednesday and reassured them that the government was working to improve the investment climate. Members of foreign missions and international development agencies were also present.

The official release published in the Ethiopian News Agency is as follows:

“Prime Minister Hailemariam Desalegn said the government will provide the necessary support to investors engaged in the industry sector in a bid to realize the Growth and Transformation Plan and thereby enable the country join the middle economies. The Prime Minister made the remark here on Wednesday while discussing the existing challenges in the sector with Ethiopian investors.

The government as always is committed to support the sector and solve the various challenges related to tax and customs, he said. The PM said that the government is aware of the existing problems in the sector related with transportation, logistic and power supply, land as well as port service. Hailemariam affirmed that the government will work to solve these problems step by step.

According to him, government is also aware of the illegal activities of some investors engaged in the sector who try to get illegal wealth. Hailemariam on the occasion promised to meet twice a year with the investors with a view to discuss and solve the problems existed in the sector.”

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