22nd WEF will give recognition to Ethiopia’s rapid dev't

Addis Ababa, March 1 (WIC) – The Ministry of Foreign Affairs (MoFA) said the 22nd World Economic Forum (WEF) to be held in Addis Ababa from May 9-11 is a good opportunity to promote Ethiopia’s trade and investment alternatives.

A delegation led by Director of Africa World Economic Forum, Elsie Kanwa, is currently in Addis Ababa to evaluate the preparation for the Forum.

“The conference would help promote Ethiopia’s investment and trade opportunities and create an opportunity for local investors to have network with investors form other countries,” Prof. Mekonnen Hadis, Advisor to Deputy PM and Foreign Affairs Minister Hailemariam Desalegn, said during a conference on Wednesday at Sheraton Addis.

The advisor added that the conference will also give recognition to Ethiopia as one of the countries registering rapid economic growth in the world.

A national Committee drawn from various sectors and led by the Ministry of Foreign Affairs was established to successfully host the conference, he said.

Director of Africa World Economic Forum Elsie Kanwa on her part said that the delegation is discussing the preparation process with various bodies.

“We are trying to give all African countries a chance to host the conference in the future and move around the objectives to give it a pan African sense. The reason why we chose Ethiopia at this time is because the country leads African economic development which is now recognized by the rest of the world,” she said.

The conference on May will have an agenda on Africa’s role in the world economy and strengthening the contents influence in general. In addition, it will be discussing on accelerating investment in the continent and scale up innovation so that the economic development will have a realistic effect on the lives of the people.

Around 700 people, influential on the world economy will participate on the conference.