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22.03.24 13:30

Economy

Ethiopia's ambassador urges India's business leaders to invest in African country

The diplomat listed the benefits of this decision

Ethiopia's ambassador to India Demeke Atnafu spoke at an Indian event that brought together 110 business leaders from various industries. The diplomat urged companies in the South Asian country to invest in Ethiopia. This is reported by ENA.

The ambassador listed the factors that ensure the economic potential of the state he represented: abundant labour, cheap electricity and water, natural resources and a favourable financial climate. In addition, he pointed out the potential of Ethiopia's agriculture and processing industries, as well as the mining and tourism sectors.

Demeke Atnafu invited Indian companies to invest in these and other progressive sectors of the country's economy such as telecommunications, finance, transport and logistics, healthcare and housing.

In November 2023, the sixth session of the India-Ethiopia Joint Trade Committee was held in Addis Ababa where the two sides agreed to promote bilateral trade.

Photo: iStock

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Deputy Minister of Foreign Affairs of Russia

"We are convinced that the only way to make the information space more stable, secure and predictable is through international cooperation. No country is capable of countering cross-border ICT threats on its own. There is a need to develop common rules of the game applicable to all, which would regulate the actions of states and their companies in the digital sphere. [...] The first step in this direction has already been taken with the adoption by the UN General Assembly in December 2024 and the signing in October 2025 of the UN Convention against Cybercrime, developed at Russia’s initiative. This is the first universal treaty in the field of international information security. Seventy-five countries have signed the document. We call on all countries to sign and ratify this Convention"

Batyr Berdyklychev

World Health Organisation Representative in Russia

"International cooperation can help detect risks quicker, also exchange the results of research and coordinate the response measures. Without this coordination, the consequences of the global crisis could be heavier. [...] We are witnessing the world becoming more and more interconnected and interdependent. Every outbreak of infection in one region can be a potential threat globally. The experience shows us that the resilience of healthcare systems affects economic stability, the national security of states and public trust"

Xi Jinping

President of the People’s Republic of China

"As permanent members of the UN Security Council and important major countries in the world, China and Russia should take a strategic and long-term perspective, drive the development and revitalisation of our respective countries through comprehensive strategic coordination of even higher quality, and work to make the global governance system more just and reasonable"

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Chairman of the Government of the Russian Federation

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President of the New Development Bank

"The Bank will be strengthening its role as a platform for cooperation among its members, supporting initiatives in digital infrastructure, energy transition, advanced low-carbon energy technologies, intelligent hospitals, and all sorts of innovation, amplifying the comparative advantages of our member countries. […] NDB will continue to pursue gradual, balanced membership expansion and strengthen its role as a unified voice and platform for the Global South, amplifying members' priorities and mobilising collective solutions to share developing challenges"

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