HomeNews & InsightsAndalem at Ethio-Israeli Business Summit June 2014

Andalem at Ethio-Israeli Business Summit June 2014

The Ethio-Israeli Business Summit took place in Addis Ababa on Tuesday, June 17, 2014 at the Sheraton Hotel in Addis Ababa. The Forum brought Israeli, Ethiopian businesses and high level Ethiopian government Official on the same table for discussions.

Current investment and trade between Ethiopia and Israel leaves much to be desired, especially considering the strong historical and cultural ties the two countries share. That was the key message delivered by foreign ministers at the Ethio-Israeli Business Summit held in June 17th, in Addis Ababa. The Israeli business delegation that is accompanying Foreign Minister Avigdor Liberman in his tour of five African countries, included large corporations in industries ranging from agriculture and water to life sciences and security technologies.

In is opening speech Foreign Minister Dr. Tedros Adhanom appreciated Israel's renewed focus on deepening its ties with the African continent and said that the Ethiopian government is eager to expand the two countries' economic relationship. Dr. Tedros also emphasized that the economic relationship of the two countries should reflect the historically close and very long relations of the Ethiopian and Israeli peoples. Minister Liberman on his part expressed his hope that trade and investment between Ethiopia and Israel will grow to reach its deserved level in the near future. He further added that the two countries are facing similar challenges particularly concerning security and terrorism and could draw lessons from each others' experiences. The business summit is expected to bring Ethiopian businesses and their Israeli counterparts to a close working relationship and open new opportunities for Israeli businesses to invest in the Ethiopian market.

Let us know your thoughts by posting comments and enjoy the below pictures of the event.

Last modified on Thursday, 19 June 2014 07:21

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