June 05, 2025
A delegation of ten Belgian companies visited Ethiopia from June 1 to 4 to explore potential economic opportunities. The group, which included representatives from sectors such as agriculture, renewable energy, and information technology, expressed interest in identifying areas for investment and collaboration.
During their stay, the delegation attended a business forum that was jointly organized by Chamber of Commerce, Industry and Agriculture for Belgium, Luxembourg, Africa, the Caribbean and the Pacific (CBL-ACP), Ethiopian Embassy in Brussels, Belgian Embassy in Addis Ababa and Addis Ababa Chamber of Commerce. The Forum created an environment for the delegation to get all the necessary information about the business climate in the country. It has also provided an opportunity to conduct a B2B meeting with Ethiopian companies which aspires to build a joint-venture.
In his keynote speech during the opening of the business forum the Finance Minister Ahmed Shide stated that Ethiopia, with the population of more than 120 million people, is undertaking comprehensive macroeconomic reforms that are essential to attract global investment. The Minister also encouraged the Belgian business delegation to benefit from the enormous potential of Ethiopia’s fastest growing economy.
The Commissioner for Ethiopian Investment Commission, Zeleke Temesgen, for his part, shaded light on the promising investment landscape in the country. He emphasized Ethiopia’s young and dynamic workforce, abundant natural resources, and strategic location as a gateway to the African market.
Belgium’s Ambassador to Ethiopia, Verstichel Annelies, underscored the importance of the visit in enhancing the 120 years of diplomatic and trade relations between Belgium and Ethiopia. With both nations sharing a commitment to sustainable economic growth, this delegation is viewed as a stepping stone towards more robust partnerships.
During their stay, the Belgian delegation also engaged in discussions with Ethiopian government officials, industry leaders, and local entrepreneurs. They explored various sectors identified as ripe for investment, including agriculture, renewable energy, and technology. They have also visited some of the industrial parks. The discussions and the visits offered them an opportunity to witness Ethiopia’s commitment to becoming a manufacturing hub in Africa, especially through its ambitious Home-Grown Economic Reform Agenda.
The visit by the Belgian business delegation is a testament to Ethiopia’s increasing role as an attractive investment destination in Africa. As bilateral relations deepen and opportunities for collaboration expand, both nations stand to benefit from a partnership rooted in growth and innovation.