Ethiopia will host the First International Agro-Industry Investment Forum, according to Ethiopian News Agency. The Forum organized by the Ethiopian government and the United Nations Industrial Development Organization (UNIDO) will be held from May 2-4, 2016.
Ethiopia’s State Minister of Finance and Economic Cooperation, Ahmed Shide, speaking at the joint briefing of the organizers said Ethiopia’s economy inclines itself to technology-driven and high-value activities like agriculture biotechnology, agro-processing, bio-farming, dairy farming, seed production and technology based farming.
According to Fitsum Arega, Director General of Ethiopian Investment Commission, the agro-processing sector brings in domestic and foreign investors to the country. He pointed out the sector’s potential advantages in low labor cost, growing domestic market and proximity to the European market.
Close to 600 high-level officials, representatives of international organizations, banks, investors, multi-national companies and industrial associations are expected to participate in the Forum.
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