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  • Egyptian investments in Ethiopia at $2b – Official Posted on 25 October 2014

    yman Issa, the head of the Egypt/Ethiopia Business Council has claimed that Egyptian investments in the East African country have increased from $600 million to $2 billion.The number of Egyptian companies in Ethiopia has increased from 34 to nearly 137 company, the number of companies in Egypt increased 7 companies. Issa said on Friday.

    He described the Ethiopian market as promising, with a potential to attract significant investment over the past decade.

    Issa’s statement comes ahead of the inauguration by ministers of Commerce and Industry of the two countries of the Egypt-Ethiopia Business Forum in Addis Ababa on November 2.

    It will take place on the sidelines of the Joint Ministerial Commission between the two countries, which will be held from 1 to 3 November, he added.

    The commission will meet under the chairmanship of Egyptian Foreign Minister Sameh Shoukry and his Ethiopia counterpart Dr. Tedros Adhanom.

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