Ethiopia to host 2nd International Agro-Industry Investment Forum

Addis Ababa, February 2, 2018 (FBC) -The Second International Agro-industry Investment Forum will take place from 5 to 8 March 2018 in Addis Ababa, Ethiopia.

The Forum is organized by the government of Ethiopia and the United Nations Industrial Development Organization (UNIDO).

It will focus on food processing, textiles and garments, leather and leather products, as well as allied sectors such as packaging and renewable energy.

The Forum will also feature participants from the public and business sector, including current and potential investors, international and domestic enterprises, industry associations, international organizations and financial institutions, as well as representatives from the government of Ethiopia.

Ethiopia has one of the fastest growing non-oil producing economies in the world and is quickly becoming a prime investment destination.

Increased market liberalization and public investments in infrastructure projects, such as roads, railways and power generation, continue to drive economic growth.

In addition, recent government reforms and incentives have unlocked new investment and business opportunities, with a special focus on the industrial sector.

As part of the country’s Growth and Transformation Plan, the government has identified the development of labor-intensive light manufacturing and industrial parks as priorities for accelerating industrialization.

Recently established state-of-the-art industrial parks provide high quality industrial infrastructure for enterprises, with additional such parks under development.

As a result, many major international companies have opened factories in Ethiopia in sectors such as textiles and garments, leather and leather products, and food and beverages, a trend expected to continue.

Source: Agro Africa