Over 40 Ethiopian Firms Express Interest In Partnering with Zambian Companies
More than 40 Ethiopian firms have expressed interest in partnering with Zambian companies in the areas of manufacturing and trade.
The development emerged during a Trade and Investment Promotion Forum organized by the Zambian Embassy in Addis Ababa, which attracted over 100 Zambian and Ethiopian companies.
In her address to the Forum, Zambia’s Ambassador to Ethiopia, Rose Sakala, has reaffirmed Government’s commitment to strengthening cooperation between the two nations.
“This collaboration will significantly contribute to the development of Zambia and Ethiopia in line with their shared vision of economic transformation,” Mrs. Sakala stated.
She highlighted the partnership between Ethiopian Airlines and Zambia Airways as a model that could encourage further Ethiopian investment in the country.
The Forum’s main objective was to facilitate an increase in trade and investment that would be mutually beneficial for both countries and participating companies showed particular interest in sectors such as manufacturing, processing, and production of truck parts, textiles, as well as other goods.
Other sectors where interest was expressed were in producing renewable energy, mining, tourism, real estate, and Agriculture.
There was also significant interest in trading various products such as coffee, leather goods, cassava flour, minerals, precious stones, honey, and tea.
The Embassy collaborated with various authorities from both countries, including Government ministries, Zambia Development Agency (ZDA), Ethiopian Investment Commission, Ethiopian Chamber of Commerce, Addis Ababa Chamber of Commerce, the Zambia Chamber of Commerce and Industry, and Buterla Investment Holdings.
According to a statement issued by First Secretary – Press & Tourism at the Zambian Embassy, in Addis Ababa, Ethiopia, Mrs. Inutu Mwanza, the Forum aligns with decisions made under the Zambia-Ethiopia Joint Permanent Commission of Cooperation, aimed at enhancing collaboration in various economic sectors.
It also adheres to the Agreement on Economic, Science, and Technology Cooperation between Zambia and Ethiopia, as well as a Memorandum of Understanding between the Addis Ababa Chamber of Commerce and the Zambia Chamber of Commerce and Industry.
