Ethio-Russia Investment Forum held in Moscow

Addis Ababa, March 8 (WIC) - An Ethio-Russia Investment Forum has been held in Moscow this week.

Dr. Tedros Adhanom, Minister of Foreign Affairs and Alemayehu Tegenu, Minister of Water and Energy as well as high-level officials of the Ethiopian Railway Corporation and the Ethiopian Electric Corporation and representatives of over 60 governmental and private businesses engaged in leather and hides, horticulture, floriculture and grain and the oilseed trade attended the event.

Representatives of over 30 Russian businesses involved in investment in Ethiopia also participated ate the Forum.

The occasion helped to demonstrate Ethiopia’s sound macro economic policies and underline the investment opportunities available in mining, electromechanical works, railway development, hydropower energy, construction, the production of large scale machinery and agro-processing.

Speaking on the occasion, Dr. Tedros noted that the Forum would help to further boost the historic ties between the two countries.

Dr. Micahel Margelov, the President’s envoy for Africa Cooperation, said Ethiopia was the closest African country to Russia in terms of culture, social and political relations, with links dating back to the time of the great poet, Alexander Pushkin. (MoFA)