February 21st, 2023
Via New Business Ethiopia, a report on Ethiopian efforts to attract UAE investors:
The Government of Ethiopia says it is working to attract institutional investors from the United Arab Emirates (UAE) to explore investment opportunities in the east African country with about 120 million population.
“As Ethiopia looks to unlock its vast resources and assets through investment, we are inspired by UAE’s success in building institutions that bring the best of global good practices for rigor and accountability. As such the strategic investment arm of the Government of Ethiopia, the Ethiopian Investment Holdings, is working closely with multiple institutional investors of the UAE to explore opportunities in Ethiopia across renewable energy, real estate and agriculture to name a few,” said Abiy Ahmed, Prime Minister of Ethiopia.
He made the comment in his message issued in relation to the ‘Abu Dhabi Sustainably Week’ UAE is hosting.
“…This bilateral engagement has the potential to serve as a model for catalytic partnerships between developing and developed countries for mutual betterment. Our partnership rooted in trust, respect and a mutual growth aspiration, is bearing many fruits, I have no doubt that it will continue and expand,” Abiy said.
It is recalled that Ethiopian Investment Holdings is recently established taking over the highly profitable state organizations such as, Ethiopian Airlines, Ethio Telecom, Ethiopian Shipping and Logistics Services Enterprise, and Commercial Bank of Ethiopia among others.
Focusing primarily on The New Seven Sisters - the largely state owned petroleum companies from the emerging world that have become key players in the oil & gas industry as identified by Carola Hoyos, Chief Energy Correspondent for The Financial Times - but spanning other nascent opportunities around the globe that may hold potential in the years ahead, Wildcats & Black Sheep is a place for the adventurous to contemplate & evaluate the emerging markets of tomorrow.