Israel Supports Ethiopia's Economic Reform

The Israeli ambassador to Ethiopia Raphael Morav said, Wednesday, that Ethiopia’s economic reform attracted Israeli investors’ attention.

ENA quoted Morav saying this during a webinar, jointly organized by Ethiopia’s Embassy in Israel and Israel-Africa Chamber of Commerce. He noted that  Israel supports the ongoing economic reform.

Morav pointed that “Ethiopia has enormous investment potentials,” stating that the country has been taking economic reform measures during the last two and half years, in order to create conducive environment for foreign investors.

In the same context, he asserted that Israel recognized the law enforcement measures Ethiopia has carried out to maintain law and order.

“The measure, which Ethiopia has taken, is legitimate for every country is obliged to maintain its sovereignty”, he said.

This came when Chairperson of the Foreign Relations and Peace Affairs Standing Committee of the House of Peoples Representatives, Dr. Negeri Lencho briefed the ambassador of Israel and Korea to Ethiopia on the current developments in the country.

On her part, Foreign Affairs State Minister Tsion Teklu promised Israeli businessmen, who are investing in the country, that the government will “provide the necessary support.”

Teklu added that the government “Has been taking political and economic reform measures to help freedom and prosperity flourish and to create all-inclusive private sector-led economic development in the country.”

She also pointed out that the government's commitment to achieving economic reform was reflected in the opening of the telecom and logistics sectors for the private sector.

Also, Ethiopia’s Ambassador to Israel Reta Alemu said the high-level official visits and bilateral treaties have contributed a lot to the understanding and friendship between the two countries.

Alemu asserted that the government is committed to enhancing interaction in sectors, promoting the mutual benefits of the two countries.

Ethiopian Investment Commission Deputy Commissioner Temesgen Tilahun, Africa and Latin America Economic Affairs Director at Ministry of Foreign Affairs of Israel Mihal Gur-Aryeh, members of Israeli Chamber of Commerce, and representatives of companies engaged in agriculture, manufacturing and technology attended the webinar.