Russian companies are advancing significant projects in Ethiopia, as disclosed by the Russian Ambassador to Addis Ababa, Evgeny Terekhin, in an exclusive interview with Izvestia.The ambassador highlighted that the investment initiatives predominantly focus on Ethiopia’s automotive, electrical engineering, and chemical sectors.The vast market in Ethiopia is alluring Russian companies to engage in projects within the country, he emphasized.
Ambassador Terekhin underscored the escalating collaboration between the two nations across various domains, articulating that Russian enterprises are poised to engage in investment ventures in Ethiopia. Additionally, he mentioned that experts in robotics will be visiting the country to exhibit their innovations. The ambassador also alluded to the potential expansion of air connectivity between Russia and Ethiopia.
In reference to specialists, there exists a recurring initiative facilitated by the Russian House known as the "New Generation"program. This program enables young Ethiopian professionals under the age of 35 from diverse fields to embark on brief trips to Russia, partake in specialized events, enhance their expertise, and establish connections with counterparts from Russia and other global regions. This endeavor seamlessly integrates elements of culture and education.He reminisced about the longstanding history of Russian-Ethiopian relations characterized by mutual esteem, a commitment to accommodating each other’s interests, and enduring traditions of camaraderie and partnership.
He acknowledged Ethiopia's successful incorporation into BRICS, noting the country's valuable contributions to the collective prowess of the association and its fresh perspective on the African continent.Evgeny accentuated the significance of Ethiopia's economic progression, citing a notable GDP growth of 8.1% in the previous fiscal year and its standing as a dynamically evolving, fifth-largest economy in Africa. He underscored that Ethiopia presents a fertile market for Russian commodities and services, given its population exceeding 120 million individuals.
Russia is eager to invest in Ethiopian industrial zones and the free trade enclave in Dire Dawa, he remarked, underscoring the ameliorated business environment in Ethiopia that positions it as an appealing destination for Russian enterprises.