FRANCE TO SUPPORT FRENCH COMPANIES INVESTING IN ETHIOPIA

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The French Minister of State for Foreign Trade and Promotion of Tourism, Matthias Fekl, has recently stated that the France government will give all the necessary support for French companies interested in investing in Ethiopia, while speaking at the closing session of Ethio-French Business Forum today.
“We will give all the necessary support for French companies which have interest to invest in Ethiopia. They will be encouraged to sustain the historical relationship of the two countries by obeying the policies, rules and regulations of the country”, Feki said.
The Minister stressed that the French “are highly mobilized to enhance the fast economic growth of Ethiopia to a higher level”.
Ethiopian Minister of Industry, Ahmed Abitew said, on his part, Ethiopia is achieving the goal of transforming its economy from agricultural led to industry.
Since the ratification of the bilateral investment promotion and protection agreement in July 2004, French companies have been mainly concentrated in brewing, distribution of petroleum products, horticulture and hotel industry, according to the minister.
Ahmed added that Ethiopia is building 10 industrial parks that would be completed within five years. So it would be beneficial for both countries if we make French companies invest in the manufacturing sector, he stated.

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