Golden Africa Ready to Invest in Ethiopia


Golden Africa Ready to Invest in Ethiopia
Golden Africa Ready to Invest in Ethiopia

The Golden Africa management company is willing to invest in Ethiopia and thus contribute to its economic development, reveals Wednesday a statement from the Ethiopian Ministry of Commerce and Industries.

The manager of the company, Fouad Hayel, who headed the delegation that met Tuesday with the head of Ethiopian Trade and Industry, Fetlework Gebregziabher, said so.

Golden Africa is a member of Hayel Saeed Anam, a Malaysian-based group operating as a holding company with oil and gas, mining, real estate, banking, construction, trading, services and manufacturing industries.

We are considering a first investment to produce and trade edible oil, and we will be assessing other options that would be profitable for both sides, the executive said, according to the official letter.

In this regard, Gebregziabher stated that Ethiopia imports edible oil to satisfy 90 percent of the demand, which should increase in the coming years along with the growth of the economy.

On the other hand, Hayel stressed the partnership is interested in participating in the Ethiopian economy because of the country’s stability and peace, and its vicinity to the port of Djibouti, as well as having a significant workforce.


Like it? Share with your friends!

What's Your Reaction?

hate hate
1
hate
confused confused
0
confused
fail fail
1
fail
fun fun
0
fun
geeky geeky
0
geeky
love love
1
love
lol lol
0
lol
omg omg
1
omg
win win
0
win
Solomon Yimer

0 Comments

Your email address will not be published. Required fields are marked *

Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Countdown
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format