Ethiopia is a preferred destination for investment, said Ethiopian Ambassador to India.
The ambassador, Demeke Atnafu remarked that as he addressed the CII Gujarat State Annual Session on Opportunities in Africa, by presenting business and investment opportunities in Ethiopia.
Amb. Atnafu expounded the denominators for the conducive investment climate of Ethiopia, mentioning conducive economic climate, favorable market, abundant young and educated labor force, rich and diverse natural resources, cheapest electricity and water rate as well as sheds at nominal rate at industrial parks.
The ambassador also explained in detail ample opportunities existing in agriculture and agro-processing, manufacturing, mining, ICT and tourism sectors and invited companies to invest in these and other emerging sectors such as telecom, finance, transport and logistics, health and housing development.
The session was attended by more than 110 business leaders from diverse industry sectors, FBC reported.