Addis Ababa, April 1, 2022(Walta) – Representatives from the Chinese company had a virtual discussion yesterday with Ethiopian Investment Commission Commissioner, Lelise Neme, Directorate General of the Middle East and Asia-Pacific countries at the Ministry of Foreign Affairs of Ethiopia, Ambassador Gebeyhu Ganga, Deputy Chief of Ethiopia’s mission in Beijing, Ambassador Dawano Kedir as well as representatives from the Ministry of Agriculture and Land Bank and Development Corporation.
Zhejiang YaoHeng Photoelectric Technology is currently engaged in the production of energy-saving light bulbs in Ethiopia, planning to expand its investment in the agricultural sector.
Investment Commission Commissioner, Liselise Neme reiterated that the government of Ethiopia provided incentives to foreign investors, further appreciating the company’s decision to engage in the agro-industry sector.
During the meeting, representatives of the Ministry of Agriculture and the Land Bank and Development Corporation spoke in detail about incentives available for the company.
Ambassador Gebeyehu Ganga and Ambassador Dewano Kedir, on their part, lauded the company’s decision to explore investment opportunities in the Agro-processing sector, reiterated the government‘s commitment to providing the necessary support, and called on company officials to visit Ethiopia soon.