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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      On April 6, 2022 EUBFE launched its maiden...
Events
As part of its strategic goal of supporting its advocacy engagement...
Advocacy
EUBFE took part in security briefing in connection with the national...
Dialogue
EUBFE delegation held meeting with the Minister of Finance- HE Ahmed...

EUBFE Addressed Participants during Investment Engagement Summit Organized by EIC

20201211 161046The EU Business Forum took part in an investor engagement summit organized by the Ethiopian Investment Commission on December 11, 2020. The summit aimed at presenting the major legal reforms undertaken during the year to improve the business climate while also conferring with investors on current challenges. The summit was opened by key note addresses from HE Lelise Neme Commissioner of Investment Commission and Mr. Erik Habers, Head of Cooperation at the EU Delegation in Ethiopia. The board chairman of EUBFE, Mr. Ben Depraetere, then addressed the audience on key accomplishments and engagement of EUBFE as well as areas of collaboration that need further strengthening.
The EIC presented key reforms in the investment climate, including the new investment law and regulation. This law created negative listing of investment areas, that clearly delineate areas of investment reserved for local and joint investment, allowing FDI to participate otherwise. Moreover, the law establishes an investment board, that for the first time allows the private sector two seats.
You may click on the following link below to find out detailed changes enacted via the new investment law.
Following presentation on major legal and economic reforms as well as on investor aftercare service a panel discussion ensued. Existing challenges European Companies face, including access to forex, tax and customs were discussed. The EIC pledged to continue to support European investors and to such effect has assigned a contact person that would look after European FDI. Moreover, it was indicated that more sustained investor-enagement will be pursued in the years to come. 

EUBFE joined members of the diplomatic community in welcoming the new president of EU Commission on her maiden trip outside Europe

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On her first trip outside Europe as head of the European Commission, Ursula von der Leyen visited Addis Ababa, on Saturday December 7 2019. On a speech she made during a reception organized by the EU Delegation to Ethiopia and the AU, Ms. Von Der Leyen underlined the important strategic alliance with Africa her leadership will pursue. She also congratulated the Ethiopian leadership for the reform they are engaged in and in particular the Prime Minister for winning this year's nobel peace prize EUBFE was represented by its co-chair Mr Timklienebenne (pictured with Von der Leyen) and its executive director Mr. Nahom F. Abraham at the evening reception.

EUBFE Held Meeting with Ministry of Finance

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EUBFE delegation held meeting with the Minister of Finance- HE Ahmed Shide. Led by the head of cooperation at the EU Delegation Mr. Erik Habers, EUBFE representatives, composed of board chair, executive director and presidents of bilateral member associations presented a summary of the major achievements of EUBFE in its advocacy engagement with a number of ministires. Moreover, the EUBFE delegation outlined keen interest to establish a sustained and structured platform with the Ministry Finance, where the concerns and challenges of member companies can be addressed. Stressing EUBFE's mission of improving the doing business climate in the country, it is currenlty engaged in producing empirical studies that aid policy interventions to this end.
HE Mr. Ahmed Shide on his part appreciated the initiative of EUBFE and outlined key econnomic reforms that led to the opening of the country's economy to FDI. He pledged to assist in resolving any bottlenecks member companies face. The meeting concluded by establishing a team from both sides that would overlook the formalisation of relationship between MoF and EUBFE that would get regular consultation gain traction.  
 
 

Ethiopian Finance Minister, Ahmed Shide held talks today with EUBFE delegation led by the Cooperation Head for EU Delegation to Ethiopia, Erik Habers, on ways of strengthening financial and economic cooperation between the two sides.

During the meeting, the two sides are ready to work for a favorable investment climate in Ethiopia through the joint forum.

EUBFE representatives have also pledged to help Ethiopia to become an ideal investment destination and regular talks will be held with the Ministry of Finance to achieve this goal.

Finance Minister Ahmed Shide said on his part Ethiopia attaches great importance to its cooperation with the European Union and other European countries.

He further stated that Ethiopia is committed to working closely with the EUBFE and having a consultative meeting at least twice a year for the benefit of both parties. 

Speaking on the ongoing economic reform that Ethiopia has embarked on, Ahmed noted that the reforms are being intensified and the government is committed to increasing the participation of the private sector in the reform process.

He stated the recent involvement of private sectors as well as foreign companies with strong experience and potential in the telecom sector of the country as a showcase of the government’s commitment in this regard.

The Minister told the delegates that essential efforts will be made by the Ministry of Finance to ease all forms of bottlenecks that faced EUBFE member companies in their day-to-day activities in Ethiopia.

EUBFE took part in briefing on investment safety organized by EIC and Ministry of Peace

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EUBFE took part in security briefing in connection with the national elections along side its member bilateral associations-the CAFE and ENLBA, as well as other prominent FDI associations. The briefing was led by Mrs. Frealem Shibabaw, state minister of law enforcement at MoF, Commissioner of EIC Ms Lelise Neme and Deputy Commissioner of EIC Temesgen Tilahun.
MoP briefed investors on the general preparation on security pre and post election. Following this session, dedicated emergency contact numbers were disseminated via EUBFE to all members to report any incidents they deem unsafe.

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