Liberia Keen to Learn from Ethiopia’s Investment Practices

 

Liberia wants to share from Ethiopia’s rich experience in creating conducive environment for investors, according to the country’s President Ellen Johnson Sirleaf.

President Sirleaf who is in Ethiopia for a three-day official visit to the country made the remark during a visit to Hawassa Industrial Park in Southern Ethiopia on Wednesday.

The president appreciated Ethiopia’s efforts in attracting local and domestic investors by developing industrial parks across the country.

The investment incentives provided by the government to attract investors to the industrial parks are strong, she noted.

The training given to investors to develop their leadership skill in doing business demonstrates the country’s far sighted journey in the sector, the President added.

“Liberia is country embarking on developing industrial parks; therefore, it wants to share from Ethiopia’s experience in the sector”, she said.

 

The President expressed her desire to closely work with Ethiopia, which she said its economic growth exceeds that of Liberia’s.

According to Sirleaf, Liberia is one of the top rubber producers in Africa and want to work with Ethiopia to supply the product to shoe industries in Ethiopia.

On the other hand, Liberia is keen to utilize Ethiopia’s livestock resource and their products.

Technical and vocational education, health, livestock and fishery resource are among future areas of cooperation.

The president assured that the two countries will work together to enhance trade and investment that would strengthen trade integration among African countries.

The two countries have long standing relationship and assets, she said adding that they should work to strengthen their trade and investment ties as well.

The diplomatic relation between Ethiopia and Liberia dates back to 1959. Ethiopia demonstrated its partnership to Liberia by deploying peace keeping mission to ensure peace and stability, and health professionals to curb the Ebola outbreak.

source ena