EUBFE Launched Its Maiden Business Climate Report and Signed MoU with Ministry of Finance
On April 6, 2022 EUBFE launched its maiden “Business Climate Report-2021” in the presence of high-level officials including H.E. State Minister of Finance H.E. Mrs. Semereta Sewasew, H.E.Mrs. Lelise Neme-EIC commissioner, H.E. Ambassador Roland Kobia-EU Ambassador to Ethiopia and H.E. Kassahun Gofe, State Minister of the Ministry of Trade and Regional Integration.
The report was developed in response to the need to bolster public-private dialogue between the FDI community and the public sector with evidence-based input that would, in turn foster constructive and sustainable partnership. The report's findings will be used as the foundation for further analyses and studies that will inform ensuing PPDs between the FDI community and the government. Preparation to this end has been completed, with relevant resources already mobilized. The EUBFE business climate report is based on a survey of more than 80 European businesses with operations in Ethiopia, conducted in mid-2021. It was commissioned and managed by EUBFE, and supported by the two bilateral member associations; the French Business Association in Ethiopia (CAFE) and Ethiopia-Netherlands Business Association (ENLBA).
The report provides an up-to-date assessment of the Ethiopian business environment and investment climate by the international business community, with clear evidence on what the active international business community think about their Ethiopian investments as of mid-2021, and how they view prospects for future investment. The cooperation of government ministries and agencies was commendable throughout the study, with pertinent data extended to the experts in a timely fashion. The key challenges identified were in the areas of tax, customs, delay in the renewal of licenses, access to foreign exchange, unpredictability of the business climate. With the support of the EU, further studies and analyses will be made on these findings to develop clear policy recommendations.
A Memorandum of Understanding (MOU) between the Ministry of Finance and EUBFE (including its member associations CAFE, and ENLBA) was also signed during the launch ceremony. The MoU will pave the way for a structured dialogue between the European FDI community and the ministry. Mrs. Semerata Sewasew signed the MoU on behalf of the Ministry of Finance.
A panel discussion was held following the MoU signing ceremony, ENLBA and CAFÉ presidents as well as the EU Ambassador and EIC deputy commissioner-Ato Temesgen Tilahun, exchanged views on the finding of the report and related issues on ways of improving the business climate. The evening concluded with a cocktail reception an informal networking session.
On April 6, 2022 EUBFE launched its maiden “Business Climate Report-2021” in the presence of high-level officials including H.E. State Minister of Finance H.E. Mrs. Semereta Sewasew, H.E.Mrs. Lelise Neme-EIC commissioner, H.E. Ambassador Roland Kobia-EU Ambassador to Ethiopia and H.E. Kassahun Gofe, State Minister of the Ministry of Trade and Regional Integration.
The report was developed in response to the need to bolster public-private dialogue between the FDI community and the public sector with evidence-based input that would, in turn foster constructive and sustainable partnership. The report's findings will be used as the foundation for further analyses and studies that will inform ensuing PPDs between the FDI community and the government. Preparation to this end has been completed, with relevant resources already mobilized. The EUBFE business climate report is based on a survey of more than 80 European businesses with operations in Ethiopia, conducted in mid-2021. It was commissioned and managed by EUBFE, and supported by the two bilateral member associations; the French Business Association in Ethiopia (CAFE) and Ethiopia-Netherlands Business Association (ENLBA).
The report provides an up-to-date assessment of the Ethiopian business environment and investment climate by the international business community, with clear evidence on what the active international business community think about their Ethiopian investments as of mid-2021, and how they view prospects for future investment. The cooperation of government ministries and agencies was commendable throughout the study, with pertinent data extended to the experts in a timely fashion. The key challenges identified were in the areas of tax, customs, delay in the renewal of licenses, access to foreign exchange, unpredictability of the business climate. With the support of the EU, further studies and analyses will be made on these findings to develop clear policy recommendations.
A Memorandum of Understanding (MOU) between the Ministry of Finance and EUBFE (including its member associations CAFE, and ENLBA) was also signed during the launch ceremony. The MoU will pave the way for a structured dialogue between the European FDI community and the ministry. Mrs. Semerata Sewasew signed the MoU on behalf of the Ministry of Finance.
A panel discussion was held following the MoU signing ceremony, ENLBA and CAFÉ presidents as well as the EU Ambassador and EIC deputy commissioner-Ato Temesgen Tilahun, exchanged views on the finding of the report and related issues on ways of improving the business climate. The evening concluded with a cocktail reception an informal networking session.
You my access the full content of the report via the link below.
EUBFE Business Climate Report-2021
