Remi Marechaux, French Ambassador to Ethiopia said that privileged French companies are showing interest to make investments in Ethiopia in the fields of energy, logistics, and telecom sector. In an interview, he also said that in the last five years the number of French investors operating in Ethiopia has now reached 55 which is double the number. The companies are mainly showing interest in energy including geothermal and hydro business development. They are also keen in the manufacturing sector as well which is important to encourage import substitution.
In this regard, he also added that several events will be organized including an event called ‘Mission-Africa’ which will happen in France in November. He also stated that a visit by the largest French investor union to Ethiopia, which is scheduled for January next year, is also part of this initiative.
Data source: All Africa news
