Addis Ababa October 17/2020 (ENA) Distinguished French corporations are displaying curiosity to put money into Ethiopia within the space of power, logistics, and telecom sector, French Ambassador to Ethiopia, Remi Marechaux stated.
In an unique interview with ENA, Ambassador Remi Marechaux stated the variety of French traders working in Ethiopia has now reached 55 which is twice the quantity some 5 years in the past.
The businesses are primarily engaged in power together with geothermal and hydro enterprise growth in addition to manufacturing sector which is vital to encourage import substitution, the Ambassador stated.
French corporations are additionally very a lot eager to put money into the sector of logistics, power, transport and telecom sector in Ethiopia, he said.
The Embassy is working to draw extra traders to Ethiopia by varied mechanisms, the ambassador identified.
On this regard, he added that a number of occasions will likely be organized together with an occasion known as ‘Mission-Africa’ which can occur in France on November.
A go to by the biggest French investor union to Ethiopia, which is scheduled for January subsequent yr, can be a part of this initiative, ambassador Remi Marechaux stated.
The Ambassador additionally expressed his hope that extra French corporations would come to Ethiopia because the potential for funding within the nation is big.
Concerning the bilateral relations, Remi identified that because the go to of President Emmanuel Macron final yr, the 2 nations have been having fun with a robust relation which is accompanied by trade of visits.
Noting French’s keenness to proceed working to strengthen the lengthy standing ties between the 2 nations in growth and cultural cooperation amongst different issues, the ambassador expressed his authorities’s readiness to play an vital function within the on-going reform in Ethiopia.
“When Emmanuel Macron visited Ethiopia he had several meetings with Prime Minister Abiy and jointly decided on the priorities that French could engage to support Ethiopia,” he said.
One of many priorities on this regard in response to the ambassador is to offer growth help by the French Improvement Company that manages a portfolio of extra 500 million euro venture.
In response to him, new tasks for 2021 will even be developed quickly to help small and medium enterprise with a 70 million euro concessional mortgage.
Alternatively, France has a very long time cultural cooperation with Ethiopia and intends to proceed this within the coming years to work within the subject of patrimony, tradition and heritages, Ambassador Remi stated.
“Worldwide, France is the first destination of tourist and it’s not because of the wild life and beach, it is because of its preserved cultural heritage and patrimony and Ethiopia in this field has major assets and France will be pleased to cooperate with Ethiopia through exchange of expertise.”