Only 26 months ago TK was all on track to be financed and in construction later in the year 2015. Quite sobering that financiers were looking at this project then. This was the 1-2-1 conference in Cape Town attended by just about every significant PE outfit and investment bank......those that were falling over themselves to get a piece of the KEFI action. Sobering thought.
Manufacturing companies put preconditions of various kinds before investing in a given country. In this context, Ethiopia has been toiling to win the hearts of investors by providing enabling policies and infrastructure.
Many companies these days are making their way to the country. According to ASOKO Insight, corporate data and information provider company on African investment activities, there has been growing demand of foreign companies to invest in Ethiopia.
In an exclusive interview with The Ethiopian Herald, ASOKO Insight Ethiopia Director Zekarias Amsalu said the company has recently launched research and data collection office in Ethiopia due to the rising demand of investors to explore country' investment climate.
"We have been studying international investment organizations looking to move their manufacturing facility and expand their business in Africa and we found that 63 per cent of the companies are desirous of exploring Ethiopian investment opportunities."
Ahmet Aydeniz is a Turkish investor and owner of Meat Processing Company here. He said Ethiopia is one of the best places for doing business and has conducive investment climate particularly in manufacturing sector. "In terms of manufacturing input, the country is blessed with numerous natural resources and raw materials."
Datafeed and UK data supplied by NBTrader and Digital Look.
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