St Kitts and Nevis crowned as best destination to invest in according to 2023 CBI (CITIZENSHIP BY INVESTMENT) Index

Basseterre, Sept. 15, 2023 (GLOBE NEWSWIRE) — St Kitts and Nevis has been recognised as the best CBI destination in the 2023 edition of the CBI Index, trumping 11 other countries with active citizenship by investment (CBI) programmes.

The country, which has made several sweeping changes to its CBI Programme in the last year, took top honours, scoring 77 points in a race between nations such as Dominica, Saint Lucia, Grenada, Antigua & Barbuda, Malta, Vanuatu, Turkey, Egypt, Austria, Cambodia, and Jordan.

The 2023 CBI Index noted that St Kitts and Nevis has been the most proactive CBI nation in the Caribbean when it comes to responding to security concerns raised by Western nations. The country ‘stands out for taking immediate and decisive action based on the ‘Six Principles’ framework. Moreover, it underscores a political will to take a proactive leadership role in the long-term sustainability of the industry through good governance, enhanced due diligence, and regional harmonisation with international partners.’

Now in its seventh year, the CBI Index utilises its established nine-pillar index architecture to provide investors with a data-driven framework with which to measure the performance and appeal of global CBI programmes. The nine pillars include Standard of Living, Freedom of Movement, Minimum Investment Outlay, Mandatory Travel or Residence, Citizenship Timeline, Ease of Processing, Due Diligence, Family and Certainty of Product.

St Kitts and Nevis scored full marks in Mandatory Travel or Residence, Ease of Processing, Due Diligence and Certainty of Product pillars.

The Mandatory Travel or Residence pillar examines the travel or residence conditions imposed on applicants both before and after the granting of citizenship. St Kitts and Nevis does not have travel or minimum residency requirements for its programme, making it straightforward for busy entrepreneurs and global citizens to attain citizenship in the country.

The Ease of Processing pillar measures the end-to-end complexity of the CBI application process. The overall effortlessness of the application process is a particularly vital component, and the promise of a smooth, hassle-free process can generate readiness to engage with a programme.

The Due Diligence pillar measures a programme’s integrity. St Kitts and Nevis retains its top position from the previous year due to the Citizenship by Investment Unit’s changes made as part of a rapid implementation of the ‘Six Principles,’ which include mandatory interviews and measures to stop financial irregularities in the real estate option to safeguard the Programme’s reputation.

The Certainty of Product pillar encompasses a range of factors that measure a programme’s certainty across five different dimensions including longevity, popularity and renown, stability, reputation, and adaptability. As the only country to attain a perfect score in this category, St Kitts and Nevis’ performance reflects not only its swift response to the recent unprecedented international pressure imposed on all Caribbean CBI programmes, but its continuous proactive approach to instituting industry leading changes.

“I am thrilled to once again to have the St Kitts and Nevis CBI Programme recognised as the best in the industry,” said Michael Martin, Head of the St Kitts and Nevis Citizenship by Investment Unit.

“This recognition by the CBI Index is another confirmation of why St Kitts and Nevis should be the first choice for any global investor. For four decades we have crafted solid, innovative and sustainable investment solutions, giving investors the confidence to attain their goals in the global arena.”

St Kitts and Nevis continues to provide an exemplary model to the investment migration industry. The country made bold changes to its Programme at the end of 2022 and further changes in July, the latter changes convincingly addressed security concerns raised by the United Kingdom, the European Union and previously the United States.

The country hosted four of the Caribbean’s CBI nations, along with a delegation from the United States, who all agreed on 6 Principles to be followed by the Caribbean nations. While many of the security measures were already in place as part of St Kitts and Nevis’ due diligence processes, the country was one of the first to institute mandatory interviews with applicants aged 16 years and older.

St Kitts and Nevis has also tightened regulations around how Authorised Agents and International Marketing Agents operate, requiring them to have their businesses registered under the laws of St Kitts and Nevis and limiting how they may advertise the St Kitts and CBI Programme internationally.

Other legislative changes include increased minimum investment thresholds, revised dependant eligibility, and the closing of loopholes for real estate investment options.

St Kitts and Nevis has shown the most commitment to upholding the integrity and reputation its CBI programme in the international arena.

The CBI Index is a rating system designed to assess the performance and appeal of active CBI programmes across a diverse range of indicators and measures. Its purpose is to bring value to the CBI industry by providing a data-driven and practical tool for appraising programmes and facilitating the decision-making process for individuals considering them.

The CBI Index stands as one of the most recognised and reputable rating tools in the investment migration industry and has a reputation for providing valuable industry insights and knowledge.

Secretary of St Kitts and Nevis Citizenship by Investment Programme
Government of St. Kitts and Nevis
00 (1-869) 467-1474
communications@skn-ciu.com

GlobeNewswire Distribution ID 8923046

La Réunion annuelle sur l’investissement s’offre une nouvelle identité pour devenir le Congrès AIM et prépare sa 13e édition qui se déroulera à Abou Dabi en mai 2024

ABOU DABI, Émirats arabes unis, 15 sept. 2023 (GLOBE NEWSWIRE) — Sous la nouvelle étiquette de « Congrès AIM », le comité d’organisation de l’une des plus grandes plateformes d’investissement au monde accueillera cette année encore des dirigeants régionaux et internationaux, des décideurs d’élite et des pionniers à l’occasion de la 13e édition de la réunion annuelle qui se tiendra du 7 au 9 mai 2024 au centre national des expositions d’Abou Dabi.

La conférence se déroulera sur le thème « S’adapter à un paysage de l’investissement en pleine mutation en exploitant le nouveau potentiel du développement économique mondial ». Le Congrès AIM 2024 bénéficie du soutien du ministère de l’industrie et des technologies avancées, et compte le département du développement économique d’Abou Dabi (ADDED) comme partenaire principal.

Les Émirats arabes unis accueilleront une nouvelle fois les participants au cœur de leur belle capitale, et comptent bien faire un succès inédit de cet événement qui a attiré l’année dernière pas moins de 10 313 participants et 693 intervenants de 175 pays.

Son Excellence Dr. Thani bin Ahmed Al Zeyoudi, le Ministre d’État au Commerce extérieur des Émirats arabes unis s’est montré très enthousiaste envers le Congrès AIM 2024, en déclarant que « Depuis plus de dix ans, le Congrès AIM démontre son ferme engagement en faveur de la promotion d’une coopération économique mondiale et de la mobilisation du potentiel de certains pays émergents. Dans un périmètre mondial de l’investissement en pleine évolution, il apparaît capital de faire preuve d’adaptation pour explorer de nouveaux axes de croissance. Le rassemblement du Congrès AIM demeure un événement majeur en 2024, et réunit les principaux acteurs économiques du monde autour d’un dialogue constructif ouvrant la voie à des investissements à fort impact qui contribueront à bâtir un meilleur avenir pour chacun ».

Son Excellence Ahmed Jasim Al Zaabi, le Président de l’ADDED déclare pour sa part que « En capitalisant sur le remarquable succès de l’édition 2023 du Congrès AIM, nous relevons la barre pour répondre aux attentes de la communauté mondiale de l’investissement tout entière. En tant que capitale fédérale, Abou Dabi est la ville idéale pour mener le débat mondial sur les perspectives de l’investissement et ses dynamiques dans un monde en profonde mutation. Notre approche envers les flux d’investissement s’aligne sur notre engagement sans faille pour consacrer le développement humain, la durabilité et les technologies avancées au cœur de programmes socio-économiques à l’échelle nationale et internationale, tout en respectant le calendrier d’application des normes ESG et en favorisant des synergies à travers des initiatives de coopération internationale – pour que chacun d’entre nous ait de meilleures conditions de vie ».

Dawood Al Shezawi, le Président de la fondation AIM Global, a quant à lui souligné que « Renommer la Réunion annuelle sur l’investissement en Congrès AIM se fait sur fond de recul continu de la croissance économique mondiale dans une société en proie à de multiples enjeux ». Il ajoute que « Ce congrès se veut un événement majeur pour le monde de l’investissement et donne aux décideurs d’élite et aux dirigeants prestigieux du monde entier une occasion unique de se concentrer, ensemble, sur les défis les plus urgents, comme repenser le commerce mondial, rectifier les contours du paysage de l’investissement pour – in fine – créer un impact socio-économique durable dans plusieurs régions du monde ».

Le Congrès AIM repose sur cinq piliers : les investissements directs à l’étranger, les portefeuilles d’investissement étrangers, les start-ups, les PMEs et les villes du futur. La réunion consacrera ces sujets essentiels, et en encadrera les activités.

Pour en savoir plus :
Shreya Verma – +971 521133926
shreya.verma@aimcongress.com

GlobeNewswire Distribution ID 1000839622

Encontro anual de investimentos anuncia nova identidade enquanto AIM Congress, em preparação para a 13.ª edição em Abu Dhabi, em maio de 2024

ABU DHABI, Emirados Árabes Unidos, Sept. 15, 2023 (GLOBE NEWSWIRE) — Sob a sua nova identidade enquanto “AIM Congress“, a comissão organizadora da plataforma de investimentos líder a nível mundial junta, mais uma vez, os líderes, pensadores e inovadores regionais e internacionais na 13.a edição do evento que irá ocorrer de 7 a 9 de maio de 2024 no Abu Dhabi National Exhibition Centre.

Tendo como base o tema “Adaptação a uma perspetiva de investimento em mudança: impulsionamento de novo potencial para o desenvolvimento económico mundial“, o AIM Congress 2024 é apoiado pelo Ministério da Indústria e da Tecnologia Avançada e pelo Departamento de Desenvolvimento Económico de Abu Dhabi (ADDED) enquanto principal parceiro.

Tendo novamente, lugar na vibrante capital dos EAU, o AIM Congress 2024 planeia superar o sucesso alcançado com a sua edição do ano passado, a qual atraiu 10 313 participantes e 693 oradores de 175 países.

Sua Excelência, o Dr. Thani bin Ahmed Al Zeyoudi, Ministro do Comércio Externo dos EAU, expressou o seu entusiasmo pelo AIM Congress 2024, afirmando que “Durante mais de uma década, o AIM Congress tem sido firme no seu compromisso de promover a cooperação económica global e impulsionar os mercados especialmente emergentes dos países. No âmbito do panorama em mudança do investimento global, é extremamente importante que os países se adaptem e explorem novas possibilidades de crescimento. Na edição de 2024, o AIM Congress continuará a ser o palco principal para o encontro dos agentes económicos mais proeminentes a nível mundial, facilitando o diálogo e o caminho para investimentos impactantes que impulsionam um futuro melhor e mais brilhante para todas as pessoas.”

Sua Excelência, Ahmed Jasim Al Zaabi, Presidente do ADDED, declarou que “Tendo por base o enorme sucesso da edição anterior do AIM, estamos a elevar o nível do evento para atingirmos as expectativas da comunidade global de investimentos. Enquanto capital do capital, Abu Dhabi é palco para conversações globais sobre o panorama e a dinâmica dos investimentos, numa era caracterizada por grandes mudanças. A nossa abordagem aos investimentos internos e estrangeiros é orientada pelo nosso compromisso inabalável em colocar o desenvolvimento humano, a sustentabilidade e a tecnologia avançada no núcleo dos planos socioeconómicos aos níveis local e internacional, em apoiar as agendas ESG e em reforçar as sinergias através da cooperação internacional para a melhoria da vida de todas as pessoas.”

A este respeito, Dawood Al Shezawi, Presidente da fundação global do AIM, comentou: “Face aos diversos desafios que o nosso mundo enfrenta atualmente, e considerando o declínio contínuo do desenvolvimento económico global, emerge o anúncio da nova identidade do AIM enquanto AIM Congress, posicionando-se como o palco principal para o investimento e fornecendo a plataforma ideal para que os líderes e responsáveis pela tomada de decisões proeminentes de todo o mundo possam abordar coletivamente os problemas mais urgentes, reformar o panorama comercial e de investimentos global e, por fim, impulsionar impactos positivos e duradouros a nível económico e social em diversas regiões em todo o mundo.”

O AIM Congress tem por base os seus cinco principais pilares — IDE, IEC, empresas em fase de arranque, PME e futuras cidades — que sustentam os objetivos do evento e fornecem um fluxo de trabalho para as respetivas atividades.

Para obter mais detalhes
Shreya Verma – +971 521133926
shreya.verma@aimcongress.com

GlobeNewswire Distribution ID 1000839622

Japan’s pioneering early warning system offers blueprint for climate adaptation efforts

If you’re like most people, you probably saw the images and videos circulating recently of houses burned to the ground in deadliest wildfires in Hawaii, mass evacuations due to hundreds of bushfires in Greece, cars being washed away in heavy flooding in Spain and deadly heatwaves in Algeria. And you may be wondering if these are a one-off event, or if it’s a result of climate change.

While the attribution results are likely still a month or two away, it is clear that natural disasters like this are the result of climate change.

Natural disasters have increased by a factor of five in the past 50 years, and this trend is increasing. In the last year, natural disasters caused damages of around $270 billion, making increased disasters risks one of the most significant impacts of climate change.

Climate change is increasing the frequency of disasters that wreak havoc on infrastructures, dismantle supply chains, and heap financial and social burdens upon us.

In past two decades, more than 3,000 major disasters occurred affecting 4.2 billion people and incurring $2.97 trillion economic losses. Since 1980, the United States sustained at least 360 climate related disasters which cost around $2.5 trillion in total.

What are early warning systems and what can they do?

While each disaster and its impact may be unique, there is a game-changing solution that can be implemented anywhere in the world: early warning systems.

These systems, which provide critical information and timely alerts to authorities and communities, have been around for years. But now with the need for countries to begin seriously investing in adapting to climate change, their importance is growing.

With just one day’s notice, early warning systems can curtail damages by a staggering 30%. The UN and other global initiatives have recognized the importance of a robust early warning system as “low-hanging fruit of adaptation efforts”, which provides tangible adaptation measures and accurate estimates of financing needs.

Unfortunately, the reality is grim: presently, one in three people remain unprotected by any kind of early warning system.

To address this gap, the UN Secretary-General has launched the Early Warning System for All (EWS4All) initiative, which will establish a comprehensive global early warning system by 2027.

But such an ambitious initiative requires substantial technological advancements, strong coordination mechanisms to disseminate and communicate information and people-centric disaster risk management, robust response and preparedness system.

How has Japan harnessed the power of early warning systems?

Until now, the country that has been able to realize the potential of early warning systems the fullest and become a global leader in innovating, developing, and implementing an effective early warning system is Japan.

The country pioneered the three dimensions of successful early warning system implementation: technology, institutions and community engagement at different scales and levels.

Technological advancements for timely detection and hazard forecasting have been revolutionized utilizing supercomputers, weather satellites and radar, and weather forecasting systems (Automated Meteorological Data Acquisition system) that automatically sends hydro-met data from 1,300 stations to the Japan Meteorological Agency. The smartphone application was also created to help citizens to make informed decisions.

In 2015, for the first time in the world, Japan demonstrated that it is possible to predict a typhoon occurrence two weeks in advance. Recently, use of “Fugaku” – the second fastest supercomputer with 3D prediction models has precisely predicted the occurrence of guerrilla rainstorms.

Increased use of internet of things (indigenously developed high quality sensors) and artificial intelligence is revolutionizing the accuracy of localized events for hydro-met services, earthquakes and tsunami events. The Japanese national research institutions, universities and private companies are actively pursuing technological research and development.

Strong coordination mechanisms between the Japan Meteorological Agency, local and regional institutions (such as local and prefectural departments) helps to provide timely, clear and authoritative warnings at local scale. This Emergency Warning System empowers the smooth coordination between authorities and communities by ensuring rapid evacuations and quickly mobilizing resources for dissemination of information to relevant departments.

The notable example is the satellite-based system “J-Alert”, Japan’s nationwide early warning system, which allowed authorities to quickly broadcast warnings to the local media and communities’ centres.

The Japanese approach of developing a people-centric early warning system encouraged local participation by implementing BOSAI (disaster preparedness and response) programmes at local, regional and nation levels to develop resilient communities. The innovative Japan Bosai Platform is a cross-industry platform utilizing public-private-academic partnerships (with over 100 members from diverse industries) to support disaster risk reduction in Japan.

The political recognition of early warning system implementation as a concrete adaptive measure is acknowledged under the enacted Climate Change Adaptation Act in 2018, which is reflected in establishment of 54 local climate change adaptation centres (LCCAC) across Japan and involving the private sector in spearheading groundbreaking advances and implementation.

In comparison to the 1950-60s, such approaches led to a 97% reduction in deaths and a 21% reduction in total economic damages (as a share of GDP) from natural disasters in 2020 in Japan. The country is extending its support to developing countries.

However, the universal applicability of these technologies and practices remains uncertain due to variability in regional contexts such as location, socio-economic conditions, and institutional capacities. Yet, other countries can achieve the similar level of results if they follow the key principles from Japan’s experiences.

Six key principles have been central to Japan’s success

Political recognition of early warning systems as a tangible adaptive measure.

Fostering advanced technological developments through partnerships with the private sector, research centres, and universities.

Establishing timely, clear, and authoritative warning systems.

Early stakeholder engagement and strong coordination mechanisms are in place.

Providing support to develop local capacity and implementing frequent community training programmes.

Finally, emphasizing the importance of developing strategies for systematic and timely evaluation of early warning system effectiveness.

Japan’s pioneering early warning system implementation model showcases the tangible benefits of adaptation efforts, with resolute political commitment, technological advancement and active community engagement.

Japan’s holistic approach to early warning systems stands as shining example of best practices for EWS4All Initiative that not only saves lives but also offers hope for a resilient future.

Source: World Economic forum

The 4 steps businesses can take to demystify the just energy transition

Imagine the energy system of the future. What comes to mind? You may think of solar and wind energy, widespread electrification, smart-grid technology, upgraded transmission lines, long-duration energy storage or electric vehicles. You may also be hoping for a world where everyone has access to and can afford clean energy, a world where energy workers are employed in green and decent jobs, where homes are well insulated and energy efficient, where we breath cleaner air and where youth feel confident about what the future holds.

Our world must transform rapidly. We can’t design the energy system of tomorrow without fully considering and carefully managing the effects of change on people today. We must phase out fossil fuels and massively scale up renewables to build an energy system that is clean, flexible, reliable, secure and sustainable. And, we must change in ways that ensure that the benefits and burdens of our decarbonization efforts are shared equitably in society. This is how we bring everyone on board the energy transition and halve emissions by 2030.

Government has an important role to play. So does business. And, while companies around the world are driving economic transformation, creating jobs and investing in clean energy solutions, the role of business in building a fairer and more inclusive economy is still not well understood. Yet, companies can be actors of positive societal change towards net zero when they are strategic and intentional about how they engage with affected stakeholders.

How it’s done

Let’s take an example. In 2015, Enel, the Italian energy utility company, pledged to be carbon neutral by 2050. Shortly after, it launched its Future-e project to shut down and repurpose 23 fossil-fuel power plants in Italy by 2030. Through a process of direct and proactive involvement of workers, communities and local government, the company developed a sound understanding of the context in which it was operating and co-designed sustainable solutions for the decommissioned plants’ reconversion with those that would be affected. Enel agreed with trade unions on just transition agreements, ensuring workers will be retained, retrained and redeployed.

4 steps to jumpstart the just energy transition

Enel’s Future-e project is not an isolated example. Many companies are taking action to manage the impacts of their low-carbon transition on their workforce, customers, local communities and society at large. This is, after all, at the core of good corporate governance and what companies have always done: looking at the future and trying to adapt to ensure long-term resilience and profitability. But not all companies have grasped the value of a holistic and integrated approach to just energy transition planning. At the We Mean Business Coalition we have laid down four steps to help companies get started:

1. Set your company’s ambition

Make your commitment to a just transition to net zero understood and approved at the most senior level of your company. Communicate your commitment internally and externally as a first step to embedding a just energy transition into your company’s strategy and operations.

Build a sound understanding of the societal context in which your company operates, including how your climate transition action plan may contribute to the economic development of regions where your company has business operations, and commit to co-developing solutions with affected stakeholders.

For example, 27 major companies from across the energy and industrial sectors have signed The B Team Just Transition and Decent Jobs pledge, committing to build decent green jobs in every country they operate in and supporting the just energy transition of the global economy.

2. Deliver through action

Participate in social dialogue to ensure workers are well informed and consulted about your company’s transition plans and initiatives on an ongoing basis. They can then benefit from opportunities brought by your company’s net-zero transition, such as access to new skills, training programmes and job opportunities.

Identify and consult external stakeholders to listen to and capture the needs of groups who may be affected by your company’s transition plan.

Develop and implement a time-bound plan with interim milestones to advance a just energy transition. Establish good corporate governance by defining clear roles and responsibilities for a just energy transition in your company and train employees in relevant functions.

Prepare your workforce through reskilling, upskilling and support for redeployment.

For example, in Spain the closure of Iberdrola’s last two coal plants was coupled with significant investments by the company in renewable energy projects to revitalize industrial activity in affected regions. Under the Exiom-Iberdrola Alliance, the first photovoltaic module manufacturing plant in Spain and one of the first ones on an industrial scale in Europe, should be operational in 2023, creating more than 100 direct jobs, enhancing the security of supply for the renewable energy value chain and acting as a driver for local industrial development.

3. Advocate

Ensure that your commitment to a just transition is upheld internally, including by your executive leadership. Publish your commitment and review your processes for advocacy and lobbying to ensure your company engages responsibly with policymakers to create a pro-climate policy environment that is aligned with the objectives of a just energy transition.

Publicly advocate mobilizing your network and your employer and business membership organizations. Make use of the collective reach of advocacy organizations, such as the We Mean Business Coalition, to support enabling policies at national and international levels.

Enel is a vocal supporter of a just transition towards a renewable energy future. In its just transition plan, the company outlines the four key policy areas it promotes through advocacy activities: safeguarding industrial competitiveness, safeguarding employment, managing impacts on utility bills and customer empowerment.

4. Be accountable

Investors and other stakeholders increasingly expect companies to disclose the actions they take to achieve a just energy transition in climate transition action plans. Explain how your company’s transition plan contributes to the economic development of regions where it is operating and to other development issues, such as inequality, gender and energy access. You may also choose to develop and publish a dedicated ‘just transition plan’ to ensure greater transparency, accountability and to facilitate peer learning.

Following the publication of its Just Transition Strategy in late 2020, SSE recently shared a progress report, taking stock of actions and reporting against the company’s just transition commitments. The report was welcomed by investors and viewed as a good example of how companies can ensure greater corporate accountability for a just transition.

Get started!

A just energy transition is good for people and the planet and it’s also good for business. To help companies on this journey, BSR, the B Team and the We Mean Business Coalition have recently published the Just Transition Resource Platform. Please use this toolkit’s step-by-step guidance to get your company started on its just transition journey.

Source: World Economic forum

Deputy PM & FM Demeke Arrives in Havana

The Deputy Prime Minister and Foreign Minister of Ethiopia, Demeke Mekonnen, and his entourage arrived in Havana, Cuba today.

Upon arrival at Jose Marti International Airport, the deputy prime minister and foreign minister was warmly welcomed by officials from the Ministry of Foreign Affairs of Cuba and Ethiopian Ambassador to Cuba, Genet Teshome.

Demeke is anticipated to lead the Ethiopian delegation at the Heads of State and Government Summit of the Group of 77 + China taking place in Cuba from 15 to 16 September 2023.

The summit will deliberate on Current Development Challenges: The Role of Science, Technology and Innovations.

Source: Ethiopian News Agency

Ethiopia, Argentina Trade Relation Growing Steadily, Says Ambassador Grippo

The bilateral trade relation between Ethiopia and Argentina has been growing steadily, according to Ambassador Gustavo Teodoro Grippo of Argentina.

In an exclusive interview with ENA, the ambassador said that the bilateral relationship between Ethiopia and Argentina is positive in all senses.

Since the reopening of the Embassy of Argentina to Ethiopia in 2013, the bilateral trade relationship between the countries has grown steadily, he added.

“When I just arrived ten years ago, the trade was only 1 million USD per year. Now it has reached 1 billion USD.”

Ambassador Grippo elaborated that this is only in the commercial aspect. “In the political aspect too, the countries have good relationship. We have developed a good strategy in our relationship with Ethiopia. We have to continue opening markets and continue working on this path.”

According to him, the government is working with Argentine producers and exporters to closely monitor and meet the needs of Ethiopian markets with a view to fully tapping on the immense potential of the bilateral relations for growth.

The ambassador also added that the joint work of the Ethiopian Biotechnology Institute and the Argentine Institute for Agricultural Technology has been very fruitful over the last year.

“Not only have we concluded a joint project on the development of bioinoculants for sustainable agriculture, but also working on a project for the improvement of Begait beef and dairy production.”

Ambassador Grippo expressed his belief that cooperation in these fields is highly relevant for Ethiopia, given the relevance that both agriculture and cattle raising have for its economy.

Commenting on the importance of Ethiopian Airlines in boosting tourism and commercial ties between the countries, he described Ethiopian as one of the most important airlines with many destinations across the globe.

Since 2018 Ethiopian Airlines has been directly flying to Argentina with a stopover in Sao Paulo.

“The CEO of Ethiopian Airlines told me that in the future, perhaps this year, (Ethiopian) will start traveling to Argentina without a stopover and directly to Buenos Aires,” Ambassador Grippo revealed.

He further noted that the airline now “offers wonderful infrastructure such as Skylight Hotel for example. This hotel is amazing. You have everything to promote tourism for Argentina, to start flying here to visit this wonderful country.

This is my task to promote tourism to Argentina and the Ethiopian government’s task is to promote tourism to Argentina.”

Source: Ethiopian News Agency