Angela Merkel Asked More Openness While Desalegn Seeks More Investment

Angela Merkel Asked More Openness While Desalegn Seeks More Investment Angela Merkel

Prime Minister Hailemariam Desalegn asked Germany’s chancellor to increase her country’s investment in Ethiopia. Merkel visited Ethiopia last Tuesday at the conclusion of a three-legged Africa tour, which also included Mali and Niger.

Currently, some 35 German companies are active in Ethiopia in the fields of agriculture, pharmaceuticals, logistics, floriculture and transport but compared to Turkey and China Germany’s investment in Ethiopia is very small. Germany’s exports to Ethiopia increased by 77 percent between 2013 and 2015, with the current trade volume leaping to over 300 million Euros per year.

“Ms. Chancellor we are doing good jobs in expanding our industries that are bringing development to my country and we need your country’s investment in here. As you are doing a big job in training vocational students which are key to the manufacturing work we also need you investors to do something here that benefits them and us,’’ the PM said.

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Hailemariam Desalegn, Ethiopian News, Angela Merkel