The 10th US-Africa Business Summit Being Held in Ethiopia


The 10th U.S-Africa Business Summit organized by Corporate Council in Africa (CCA) is taking place in Addis Ababa, Ethiopia starting from Feb 1, 2016, The Ethiopian Herald reported.

Over 1200 business representatives, government officials, entrepreneurs, investors, decision makers and managers from Africa, US, China and Turkey are attending the summit.

The summit commenced by the key note speech of the Ethiopian Prime Minister Hailemariam Desalegn at the UNECA Conference Center.

The Prime Minister, among many things, stated that the government of Ethiopia has provided an attractive framework and stimulating incentives intended to attract foreign business and investment in the country. Companies investing in the agricultural sector can import capital goods duty free and are entitled to tax holiday privileges. He goes on stating the priority sectors that are available and those that attract foreign investment.

Paul Hinks, chairman of the CCA, on his part said that CCA is a leading U.S-based company promoting trade and investment on the African continent. He gave remarks on the public and private sector.

Patricia Haslach, US Ambassador, said that this year’s business summit is different because it provides available opportunity, privileges and discusses trade within Africa. She goes on to explain that U.S investors have a role in developing African communities and recommended that African governments implement a stable, fair and efficient regulatory framework as well as attractive investment plans.

Source: The Ethiopian Herald

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