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Foreign Affairs State minister, Ambassador Berhane Gebrekristos, said Ethiopia wants more investment from the United States.
Ambassador Berhane, who is in the United States for a working visit, said more is expected from US investors to invest in Ethiopia and Africa.
Ethiopia and the United States have been enjoying warm and well-cemented government-to-government and people-to-people relations.
The strong bonds of partnership and friendship have continued in the war on terror and ensuring stability in Africa, and the Horn of Africa in particular, he said.
Ethiopia needs to further strengthen ‘this continued relations by attracting US investors to a Nation with untapped potential coupled with abundant, low-cost and disciplined manpower,’ he said.
Regarding the current situation in Ethiopia, Ambassador Berhane said the country is registering an amazing and rapid economic growth and it is one of the world’s fastest growing economies.
He said poverty has declined to 29 percent in 2010 from 53 percent seven years ago.
In order to ensure the sustainability of ongoing fast economic growth, the government has attached due attention to the expansion of infrastructure and services, he said.
According to Ambassador Berhane, the government envisages constructing 64,000km of rural road and raising Ethiopia’s power generation capacity to 10,000 MW by the end of 2015. Ethiopia is currently producing 2,200 MW of power.
As part of a plan to raise the Nation’s sugar production capacity to 2.2 million tons by 2015 from 330,000 tons, the construction of sugar factories is underway in various parts of the country, he added.
As far as education is concerned, currently, there are 105 colleges and universities across the country, of which 31 are government universities. Over 20 million children are enrolled in school across the country.
Ambassador Berhane finally called on the Ethiopian Diaspora to contribute their share for the growth of their country of origin.
(Walta Information Center)