What Happened: Ethiopia held investment forums across multiple countries this week that saw participation by various multinational corporations, such as Orange and Citibank, among others, the Addis Standard reported May 17.
Why It Matters: Ethiopia's government is attempting to attract new foreign investment as it is pursuing ambitious domestic reforms, and the attendance by big multinational companies underscores significant interest by global players in Ethiopia.
Background: Ethiopia is currently undergoing a shift from a government-dominated economy toward more private sector growth, which is already attracting significant interest from Western companies.
- Ethiopia Comes to a Crossroads on Economic Reform (April 3, 2019)
- France: Macron Looks to Drum Up Business in the Horn of Africa (March 11, 2019)
- 2018: The Year Abiy Ahmed Started to Put Ethiopia's House in Order (Dec. 31, 2018)