Ethiopia hosts first Transport Investment Summit
The first-ever Ethiopian Transport Investment Summit was held in Ethiopia from 24th – 25th March to promote the sector’s untapped investment opportunities and create a networking platform for potential foreign and local investors.
Organised by the Ministry of Transport, the Summit brought together key players and experts in the sector, senior government officials, diplomats, and investors from around the world to discuss the promising future of the Ethiopian transport sector.
Opening the Summit, H.E. President Sahle-Work Zewde reaffirmed the government’s commitment to welcoming investors that are keen to invest in the transport industry. She further added that modernising the transport sector will be significant in materialising Ethiopia’s ambition to become a middle-income economy.
H.E. Dagmawit Moges, Ethiopia’s Minister of Transport, said the government has been undertaking broad activities to expand road infrastructure and modernize the logistics sector, and expressed the government’s readiness to collaborate with the private sector to achieve the transport and logistics sector’s ten-year perspective plan (2020 – 2030).
She said that “as the country seeks to increase infrastructure assets, and renovate the services, the amalgamation of state of art technological inputs, and enjoying a latecomer advantage of accessing all contemporary transport-related inventions and mechanisms could only happen, through opening up of the sector to the private investors both foreign and domestic.”
During the Summit, more than 40 new projects that are open for investment under the public-private partnership program were presented to attendees, including logistics, road development, ports, railway, aviation, among others.
Various panel discussions were also held on the sidelines of the summit.
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