● Bole Lemi II Special Zone dev’t, management MoU signed
President Dr. Mulatu Teshome told a visiting Japanese business delegation Wednesday that investing in Ethiopia provides high economic returns to investors owing to its huge market opportunities, feasible investment policies and wide investment inputs availability.
President Dr. Mulatu also called on the delegation to seize the existing lucrative investment opportunities to cement the exemplary bilateral relations between the two countries.
For his part, the Japan External Trade Organization Vice President Dr. Katsumi Hirano said that Japan is committed to widen its investment in Ethiopia in different areas. “The business delegation is delighted to do business here in Addis,”
The visit to the industrial parks in the country is a means to collect business information and it will be a great step to forward Japanese companies’ business presence in Ethiopia, he noted.
According to him, the companies have keen interests in High-tech, textile, electrical industries and agri-business.
“Japan is determined to strengthen business relations with Ethiopia and now the companies need information about the investment conditions and the good news will be ahead to come, ” the vice-president said.
Meanwhile, the Ethiopian Investment Commission (EIC) and Tomonius Co., Ltd. a Japanese investment company yesterday signed Memorandum of Understanding (MoU) to develop and manage a Japanese Special Zone within the Bole Lemi II Industrial Park(IP).
The signing ceremony was attended by EIC Commissioner Fitsum Arega and Japan External Trade Organization (JETRO) Vice-President Dr. Katsumi as well as a delegation of 20 Japanese companies interested in investing in Ethiopia.
The factory to be built in Bole Lemi II is the first such venture for the Japanese in Ethiopia; Tomonius Co., Ltd is working towards helping Japanese firms to maximize their global export potential and to enter Ethiopia.
The Japanese delegation has also plan to visit Bole Lemi I and II, and Hawassa Industrial Parks and the air cargo facilities in Addis Ababa.
Ethiopia and Japan have over 85 years of diplomatic relations as they signed a Treaty of Friendship and Commerce in 1930.
BY TEWODROS KASSA