An Ethiopia-Japan Business Forum focused on the mining and energy sectors was held in Tokyo, Japan.
Speaking at the forum, Dagato Kumbi, Deputy Commissioner of the Ethiopian Investment Commission, explained that Ethiopia’s significant mineral reserves, supportive government policies for the sector, and other favorable conditions combine to make Ethiopia a convenient and preferred investment destination for the mining sector.
At the forum, the Deputy Commissioner also provided the participants with an explanation regarding the investment opportunities Ethiopia possesses in the mining sector.
Ethiopia’s Ambassador to Japan, Daba Debele, gave a presentation at the forum about the reform works undertaken within the framework of the homegrown economic reform to improve the investment and business climate.
For his part, Minister of Mines Engineer Habtamu Tegegne invited Japanese investors to expand their involvement in the sector by utilizing the vast and largely untapped resources available in Ethiopia’s mining sector.
Hiroshi Kubota(PhD), Vice President of the Japan Organization for Metals and Energy Security, stated that Japanese investors are interested in participating in Ethiopia’s mining sectors and that they intend to strengthen this interest by working in cooperation with the Ethiopian Investment Commission.
The forum was attended by representatives from over 80 Japanese companies engaged in the mining and energy sectors, as well as representatives from the Japan International Cooperation Agency (JICA) and the Japan External Trade Organization (JETRO).
Ethiopia possesses internationally sought-after minerals such as gold, potash, lithium, copper, and minerals used for green energy. It is believed that the ongoing nationwide homegrown economic reforms will significantly help increase the revenue obtained from the sector as Ethiopian Investment Commission reported it
