The Ethiopian Foreign Minister Dr. Tedros Adhanom met with Stephen Hayes, the President and CEO of the US Corporate Council on Africa on to discuss the upcoming US-Africa Business Summit.
This will be hosted by Ethiopia in November this year. Mr. Hayes said the Summit was being held in Addis Ababa because the country had registered impressive economic growth and the business opportunities were attracting investment from many countries, adding “We want to build on this.” The Summit is expected to attract some 600 US business people and more from Africa and the rest of the world. Turkey, Japan, Holland and Dubai have also showed interest in participating.
Dr. Tedros said the US should replicate its successful and strong political, social, security and development partnerships in Africa on the business and investment front. He suggested this summit would be an eye-opener for many US businesses.
Mr. Hayes agreed and said the Corporate Council would do its level best to get a large US business turn out at the Summit at which a number of senior US decision makers would also be present. Dr. Tedros assured Mr. Hayes that Ethiopia would use its experience of hosting summits to persuade as many heads of states and businesses as possible to be present.