imported 2024-03-17 17:43:07
Fitsum Arega, Director General of Ethiopian Investment Agency
Ethiopian Investment Agency confirms horticulture (flowers), agriculture and manufacturing (textiles, leather) attract majority of FDI flows into Ethiopia. The Agency is currently working hard to transform itself into a one-stop investment center for investors.
Getachew Regassa, Secretary General of Addis Ababa Chamber of Commerce and Sectoral Associations
“Ethiopia has shown serious growth in the last 10 years. Just last year we had a 9.7% GDP growth. There is also a lot of development of infrastructure going on and a vibrant business interaction in the city. The results of the economic growth that we are seeing are stimulating the business, trade and service industry,” notes Mr Getachew Regassa.
Khaled Al Bakory, CEO of Privatization and Investment Board (PIB)
Most of companies from all over the world are concentrating on investments in the oil sector of Libya. However, the country has, according to Al Bakory, other attractive investment opportunities, particularly in the health and transportation sector. The aim of Privatization & Investment Board of Libya has been to attract variety of investment projects, including tourism and transportation.
Prince Charles Dedjoe, Executive Chairman of Chadeco Group, talks about the current position of his company, saying that his strategy is to find a partner or investor. He also talks about opening his own bank, Chadeco Bank.
Top Investment Institutions in Ethiopia
Addis Ababa Chamber of Commerce and Sectoral Associations
Addis Ababa Chamber of Commerce and Sectoral Associations (AACCSA) is one of the well-organized institutions that in one way or another work on promoting the investments and improving the overall investment climate in Ethiopia.
Ethiopian Privatization Agency
This Agency is an autonomous government office which is entrusted with the tasks of privatizing, supervising, guiding, supporting and controlling state-owned enterprises to render them competitive and profitable and thereby enabling them to play significant roles in the implementation of the country’s Growth and development Strategy.
Ethiopian Investment Agency (EIA)
The Ethiopian Investment Agency (EIA) is a government agency established in 1992 to promote private investment, primarily foreign direct investment. The overall activities of the Agency is supervised and followed up by an Investment Board, which is chaired by the Minister of Industry. The EIA is headed by a director general who is also a member of the Board and two deputy director generals.
Mr. John Taylor talks about the oil industry in Ghana and presents Cirrus Oil Services, a wholly Ghanaian owned company, licensed as a bulk oil distributor in 2007. Cirrus has become a market leader in the storage and distribution of premium petroleum products in Ghana, such as Gasoil, Gasoline and Aviation Fuel.
Khaled Amr Algonsel, Managing Director of LAFICO (Libyan Foreign Investment Company)
LAFICO channels their investment into many countries around the world and it is diversified in many sectors, such as holding companies, real estate companies, agriculture, mining, and even services. LAFICO has invested in over 30 countries around the world; around 9% is located in North Africa, 9% in England, and the rest dispersed around the world. LAFICO is bound to cooperate with international firms who will help the them to restructure their portfolio and to exit some unsuccessful investments. LAFICO has been a profitable company ever since it was established and the aim is to continue this trend.
Jamal A El-Ghirani, Investment General Manager of Misurata Free Zone
Misurata seems to be the most stable place and the most secure city at the moment. Misurata Free Zone as a company employs approximately 1,223 people. There are many investors on the ground in the free zone. The bottom line is that the free zone is trying to and has created a lot of job opportunities for Libyan youth; within 20 years there should be up to 80,000 job opportunities. The Misurata Free Zone receives business delegations all the time; ambassadors from foreign governments visit the zone on a frequent basis.
Dr. Elhusain Benahmida, Chairman and General Manager of Misurata Free Zone
Misurata Free Zone is a company with a capital of 600 million Libyan Dinars. The economical area is divided into two sections stretching over an area of 3,500 hectares.
Bashir M. Elmadani, Managing Director of Libyan African Investment Company (LAICO)
LAICO at the present is well-known in Africa, because we are participating in over 21 countries in Africa. Our investments are mainly in the real estate and tourism sectors. The total of our current investments is approximately US $1.2 billion.
