A Hong Kong based company disclosed that it is interested to invest about 2 billion US dollars in renewable energy development in Ethiopia.
Prime Minister Hailemariam Dessalegn held discussion with Chang Tat Joel, Chairman of Lucky Chain Limited Company today.
Lucky Chain Limited is a huge company established with the vision of having a big market share in energy development in Africa.
Chairman Chang Tat Joel said Ethiopia is among the leading market destinations in the continent for the company.
He expressed his belief that the company will benefit from its investment, taking the growth prospect of the country into account.
“Ethiopia is really a very exciting and dynamic country and we believe that Ethiopia is probably going to be one of the major players in the African market”, Chang Tat Joel said.
Therefore Lucky Chain Limited wants to align with the future economic growth in the country and to make investment in the power segment, he added.
The company reportedly wants to engage in the investment as soon as possible.
Following the discussion, Media and Public Relations Delivery Unit Head with the rank of a Minister at the PM Office Zadig Abrha said many anchor international companies have been eying Ethiopia for huge investments.
According to him, this demonstrates that the activities that have been made to make the country a destination of investment is bearing fruit.
Zadig also noted that the country is becoming one of the largest recipients of FDI in recent years. (ENA)