Ethiopian President Mulatu Wirtu said on Tuesday
his country was not yet ready for foreign investments in its telecoms and
banking sectors, but interested in developing its manufacturing sector.
his country was not yet ready for foreign investments in its telecoms and
banking sectors, but interested in developing its manufacturing sector.
Wirtu made the
call during a joint news conference with his Polish counterpart Andrzej Duda in
Warsaw.
call during a joint news conference with his Polish counterpart Andrzej Duda in
Warsaw.
The country,
which has one of the last state telecoms monopolies on the continent, has let
foreign companies including fashion chain H&M set up factories in a push to
change the economic focus from agriculture to manufacturing.
which has one of the last state telecoms monopolies on the continent, has let
foreign companies including fashion chain H&M set up factories in a push to
change the economic focus from agriculture to manufacturing.
“Ethiopia is
not ready yet for accepting investments in telecoms and finance.
not ready yet for accepting investments in telecoms and finance.
“Our priority
is manufacturing sector. Ethiopia opens door broadly for investments in
manufacturing sectors such as textiles, skin products, pharmaceuticals, food
processing, and agriculture,” Wirtu said.
is manufacturing sector. Ethiopia opens door broadly for investments in
manufacturing sectors such as textiles, skin products, pharmaceuticals, food
processing, and agriculture,” Wirtu said.
