Ayman Issa, the head of the Egypt/Ethiopia Business Council has claimed that Egyptian investments in the East African country have increased from $600 million to $2 billion.The number of Egyptian companies in Ethiopia has increased from 34 to nearly 137 company, the number of companies in Egypt increased 7 companies. Issa said on Friday.
He described the Ethiopian market as promising, with a potential to attract significant investment over the past decade.
Issa’s statement comes ahead of the inauguration by ministers of Commerce and Industry of the two countries of the Egypt-Ethiopia Business Forum in Addis Ababa on November 2.
It will take place on the sidelines of the Joint Ministerial Commission between the two countries, which will be held from 1 to 3 November, he added.
The commission will meet under the chairmanship of Egyptian Foreign Minister Sameh Shoukry and his Ethiopia counterpart Dr. Tedros Adhanom.
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