Ethiopian, Swedish MPs to strengthen cooperation

Ethiopia and Sweden to Strengthen Cooperation

Ethiopian and Swedish parliamentarians have pledged to work closely to further strengthen cooperation between the two countries.

The visiting Swedish MPs yesterday met with members of the Foreign Affairs Standing Committee of the House of People's Representatives.

Committee Chairperson Tesfaye Daba reaffirmed commitment to further strengthen the longstanding relations between the two countries.

Sweden has been providing significant support to Ethiopia, he said ,adding the involvement of Swedish investors in the agriculture sector will contribute towards modernizing the sector.

.Wafa Organizes a Successful Inauguration of Hawassa Industrial Park

Wafa Organizes a Successful Inauguration of Hawassa Industrial Park

Wafa Marketing and Promotion has successfully carried out the inaugural ceremony of the Hawassa Industrial Park (HIP) in collaboration with the Ministry of Industry, the Ethiopian Investment Commission and the Industrial Parks Development Corporation.

The park constructed in the heart of Hawassa city has a total area of 1.3 million square kilometer and the first phase was developed at a cost of 270 million. The HIP which is dubbed eco industrial park is unique in the country in its zero liquid discharge with the facility for the purpose constructed on 32,700 square meters of area.

The inauguration of the park was graced by the presence of Prime Minster Hailemariam Dessalegn and high ranking federal and regional government officials. 

Trade and Investment Forum Succeeds in Canada

WAFA Organizes a Trade and Investment Forum in Canada and USA 

H.E. Demeke Mekonnen

  • The Forum is independently focused on the promotion of Amhara region’s investment and trade potentials.

  • H.E. Demeke Mekonnen, Deputy Prime Minister, FDRE, will lead the Forum in Canada.

  • The one in US is to be led by H.E. Gedu Andargachew, President of the Amhara Regional State.

WAFA Marketing and Promotion Plc (WAFA) organized Trade and Investment Forums in the United States of America (USA) Los Angenes and Canada, Toronto in collaboration with Amhara National Regional State. Canadian Embassy in Ethiopia, the Ethiopian Embassy in Canada and Mine Africa, a consulting firm, from the Canadian Side have also partnered for the success of the forum in Canada.

Similarly, for the forum in USA (LA) WAFA collaborated with the Ethiopian Consulate in Los Angeles and DELFE & Company, a consulting firm based in Los Angeles.

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Ethio-UK Trade and Investment Forum took place in London

WAFA Marketing and Promotion and Ethiopian Chamber of Commerce and Sectoral Association in collaboration with the Ministry of Foreign Affairs, Ethiopian Embassy in London, and Developing Markets Associates, organized

a Trade and Investment Forum in London on 21st October 2015. The forum brought together close to 60 Ethiopian companies from different sectors selected in their business excellence and more than 150 British companies as well as high ranking government officials of both countries. The companies are drawn from the various sectors including but not limited to: agro-processing, construction, energy, mining, textile and garment, leather, and hospitality.

Bilateral trade and investment between the two countries have shown a tremendous improvement during the past decade. For instance, UK’s import from Ethiopia was only $29 million in the year 2005, while this has surged to $41 million in the year 2014, which is a more than 42 percent increase during the past ten years. Similarly, Ethiopia’s import from UK has grown from $64 million to $167.6 million during the same period, more than two fold . In addition, UK’s FDI in Ethiopia has currently reached $731.7 million, with a recent huge investment from Diageo that involved a $225 deal for the acquisition of the second largest brewery company in Ethiopia. UK’s total 326 investment projects in Ethiopia have created over 200 thousand jobs.

The business forum provided comprehensive Information on the latest trade, Investment and Tourism opportunities in Ethiopia that could be suitable to the UK firms. The B2B matching served as a mutual practical platform for businesses of both nations in a number of key sectors, as it is customary to envision from such forums, Wafa and its partners hope to see new ventures to emerge,

collaborations enhanced, existing market consolidated, new ones created. Now it is apparent to all concerned in global investment that Ethiopia is among the highly favorable destination of FDI with strong return on investment (ROI) and a much coveted potential for business extension not only internationally but also domestically as characterized by the salient market, econom

y, and demographic features. We kindly advice for any viewer to forward an inquiry, if you may have any.

 

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WAFA Organizes the 2015 World Energy Council’s Executive Assembly and Its Parallel Events

WAFA Marketing and Promotion Plc. in cooperation with Ministry of Water, Irrigation and Energy (MoWIE), has embarked upon preparations to organize the 2015 World Energy Council’s Executive Assembly and its parallel Events, after it won in a bid by the Ministry to organize the event. To get the honor of organizing this grand international event, WAFA had to pass through a neck- and -neck bid with potential shortlisted bidders.

Following MoWIE’s winner announcement to organize the event, WAFA has started preparation to make the event an outstanding one. The event will take place from October 26-30, 2015 at United Nations Economic commission for Africa (UNECA’s) conference center.

The previous World Energy Council’s Executive Assembly was held in October 2014, in Cartagena, Colombia with broad support from WEC members and the more than 700 attending representatives from governments and the private sector.

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