Addis ababa: Ethiopia, with its strategic location, is connecting major markets as its comprehensive economic reform is creating a favorable business climate and enhancing competitiveness, Deputy Prime Minister Temesgen Tiruneh said. The 4th Invest in Ethiopia High-Level Business Forum 2026, themed 'Ethiopia Ready for Business,' is taking place in Addis Ababa, aiming to drive investment, exports, and economic transformation.
According to Ethiopian News Agency, Deputy PM Temesgen opened the two-day forum by emphasizing that Invest in Ethiopia is more than just a platform; it is a moment to strengthen partnerships and take decisive steps toward a future of shared prosperity. He highlighted that Ethiopia's comprehensive, deep, and deliberate reform is fostering a favorable business climate for the private sector, enhancing its global competitiveness.
Ethiopia's strategic location, coupled with its young and dynamic workforce, positions the country as a key destination for attracting major foreign direct investments (FDIs). The Deputy PM also described the realization of the Grand Ethiopian Renaissance Dam (GERD) as a defining moment, underscoring its role in industrial transformation and as evidence of Ethiopia's capacity to deliver on long-term visions.
The Deputy PM noted that Ethiopia welcomes global competition, viewing it as a driver of progress in all spheres. Minister of Finance Ahmed Shide echoed this sentiment, affirming Ethiopia's ambition to become one of the leading investment destinations globally. He highlighted that the Homegrown Economic Reform Agenda, which places the private sector at its center, has achieved tangible results such as macroeconomic stability, a conducive business climate, and a surge in FDI.
Efforts to enhance economic integration and expand market access are underway, utilizing various platforms. Italy's Vice Minister of Foreign Affairs and International Cooperation, Maria Tripodi, commended Ethiopia's efforts and affirmed Italy's commitment to strengthening its presence in Ethiopia across various sectors.
'Invest in Ethiopia' is an annual high-level business forum organized by the Ethiopian Investment Commission (EIC) in collaboration with the Ministry of Finance and development partners. The forum aims to position Ethiopia as a leading investment hub in Africa and beyond, attracting foreign direct investment.