European Union Business Forum Ethiopia

The EU Business Forum in Ethiopia aims to facilitate operations for EU companies doing business in Ethiopia.
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Latest News & Events

Events
The new commissioner of the Ethiopian Investment Commission (EIC) held...
News
EUBFE conducted a survey to assess the early impacts of the COVID-19...
Events
    EUBFE’s general assembly held on February 27, 2020 saw...
Events
The end of the year and the fourth  thematic networking event of EUBF...

EUBFE Released Early COVID-19 Early Impact Assessment

EUBFE - Logo
EUBFE conducted a survey to assess the early impacts of the COVID-19 pandemic on its member companies in Ethiopia. Key findings of the survey indicate that eventhough the on set of the virus was late in Ethiopia, witht the first case reported in mid-march, its impact was sharp and significant to many. Moreover, data indicated that at this early level estimation, many companies expect to recover from its impact in around a year's time. Concerns over safety and security were also flagged. To read the full report please follow the link below.

EUBFE took part in the annual summit of EU Chambers in Brussels

As a member of global alliance of EU Chambers called European Business Organizations Worldwide Network (EBOWWN), the EUBFE attended a general assembly meeting at the EU Commission from June 17-19, 2019.

In his opening remark, Mr. Eric Mamer, Director of DG for Internal Market, Industry, Entrepreneurship and SMEs (DG GROW) of the European Commission highlighted the key contributions European Chambers make to expanding EU companies’ reach to third markets. Moreover, the US-China trade war has also brought into about a potential paradigm shift on global trade focus on developing EU industrial policy that would support the internationalization of EU companies. Free Trade Agreements with various EU partners is also gaining traction as a result.

The three-day intensive meeting saw election of new board members for EBOWWN, bilateral meetings with DG for International Cooperation and Development (DG DEVCO), DG for Energy (DG ENER), European External Action Service (EEAS) as well as Business Europe and Eurochambers. The discussion focused on EU’s position on internalization of EU businesses, funding plans on the new MFF in this connection as well as possibilities for cooperation on sustainable energy investments with Africa. Two visits at the EU parliament also saw delegates from EBOWWN discussing with representatives of parliamentarians and commissioners on the state of affairs of the ever-expanding network of EU chambers and how to cooperate further for maximum impact for companies who’ve invested outside the EU. EBOIMG 2714IMG 2732

EUBFE Held Consultative E-Meeting with the new EIC Commissioner

EIC

The new commissioner of the Ethiopian Investment Commission (EIC) held consultative meeting with the board of the EUBFE and the EU Delegation
Hosted by HE Ambassador Johan Borgstam, head of the EU delegation to Ethiopia, the meeting was the first since HE Ms. Lelise Neme took helms at the commission
Following round of introductions and congratulatory messages on the appointment of HE Lelise from HE Ambassador Borgstam and Mr. Depraetere-Chair of EUBFE, representatives of the EU delegation and the EUBFE made power point presentations on the previous and current engagements of their respective institutions with the EIC.

On the discussion that ensued, EUBFE members indicated that despite the robust relationship established with the EIC and the tangible results registered, in particular via the public-private-dialogue (PPD) platform, a number of concerns of European FDI community remain unresolved. In addition to a more recent concern that is investment security, work permit renewal, logistical bottlenecks, foreign exchange shortage and uneven application of regulations and laws were pointed out. In response, HE Lelise pointed out that multi-regional forum, led by regional presidents and investment commissioners, has been established to oversee any concerns that might arise by investors and EIC will be happy to invite EUBFE to attend an upcoming meeting. Moreover, Commissioner Lelise promised to dedicate personnel and time to look into the challenges raised by EUBFE. In conclusion, EUBFE invited HE to an introductory meeting with members of EUBFE.

EUBFE held its first thematic networking event of 2020 on the sidelines of its general assembly

 

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EUBFE’s general assembly held on February 27, 2020 saw approval of external audit report of FY 2019 as well as review and approval of annual plan for 2020. Major strategic focus for the year 2020 include expansion of membership base, enhance engagement and advocacy work as well as add new services and ventures. The EU Delegation in Ethiopia has pledged some 300 thousand euros worth of technical assistance towards improving EUBFE and this was officially announced at the general assembly. This is believed to be an important contribution towards realizing the key strategic goals set by the board of management of EUBFE.

Following the general assembly, a thematic networking event that focused on the implementation of the new customs legislation took place. It was hosted in partnership with EUBFE’s member association, the Ethiopian Netherlands Business Association (ENLBA). A panel composed of distinguished guests that include Mr. Gaim Yibrah (Director of the Strategic Partnership Directorate- Customs Commission), Mrs. Elisabeth Getahun (President of freight Forwarders and Shipping Association) Mr. Getachew Zewdu (Representative of Clearing Agents), Mr. Hayo Hamster (President of ENLBA) as well as Mr. Ben Depraetere (Chair of EUBFE) led the discussion on the application of the new customs legislation 1160/19 and the challenges associated with it. Particular concern was the reduction of maximum allowable deadline of goods in customs warehouses to 15 days in dry ports and 10 at airport and the fine of 20% of customs value sanction who fail to remove their imports within these day limits. Mr. Gaim responded to questions and concerns on behalf of Customs Commission and took away some suggestions for further scrutiny.

 

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