Ethiopia invited Russian companies to participate in the development of the gold mining industry and the production of fertilizers on its territory. The country hopes for active cooperation and is ready to support investments in these areas.
As the Ambassador of Ethiopia to Russia noted, Russian companies have experience in gold mining in Ethiopia since Soviet times. This is one of the key areas where the country counts on the participation of Russian investors. Ethiopia is ready to offer both joint projects with local businesses and the opportunity to create new enterprises from scratch.
Ethiopia has abundant natural resources, and gold mining is a promising industry for foreign investors. Russian companies with experience in this area can find new opportunities for development in the African market.
In addition to gold mining, Ethiopia is interested in attracting Russian investment in fertilizer production. The country is actively developing the agricultural sector and has begun industrialization. One of the government’s goals is to start producing fertilizers, which Ethiopia currently imports in large quantities.
“We annually import a lot of mineral fertilizers, such as urea. One of the government’s goals is to establish our own production of these fertilizers,” said the ambassador. Foreign investors willing to set up production facilities in Ethiopia will receive full government support.
Apart from gold mining and fertilizer production, Ethiopia offers investors opportunities in other sectors such as agriculture, forestry, information technology, tourism and mining. The country is actively working to expand economic ties and improve the investment climate.
Ethiopia provides Russian companies with many opportunities for business development in key industries. The country actively supports foreign investment and creates favorable conditions for their implementation. Russian entrepreneurs can count on government assistance in implementing their projects in Ethiopia, which opens up new prospects for successful business on the African continent.
Source: zolteh.ru
Photo: Roscosmos Media/TASS
