Ethiopia, Mexico Agree to Strengthen Investment Cooperation

Mexico’s Ambassador to Ethiopia, Alejandro Estivil, held discussions with Mr. Zinabu Yerga, Deputy Commissioner of the Ethiopian Investment Commission, on strengthening investment cooperation and trade relations between the two countries.

During the discussion, Deputy Commissioner Zinabu Yerga stated that Ethiopia offers broad investment opportunities in manufacturing, agro-processing, agriculture, and other priority investment sectors. He also called on Mexican investors to invest in Ethiopia, according to the information from Ethiopian Investment Commission.

Ambassador Alejandro Estivil, for his part, said that there are significant opportunities to further strengthen cooperation between Mexico and Ethiopia in the areas of investment, trade, and agro-industry. He also confirmed that the Mexican Embassy would work closely with the Ethiopian Investment Commission to enhance trade and investment relations between the two countries.

In particular, the Ambassador noted that Gruma, a Mexican multinational company that manufactures corn-based food products, is interested in exploring investment opportunities in Ethiopia. He added that a delegation from the company is expected to visit Ethiopia in the coming month of Nehase (August).

Finally, both sides agreed to work closely to create favorable conditions for greater participation by Mexican investors in Ethiopia and to further strengthen bilateral cooperation.