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The EU Business Forum was officially launched on March 29, 2017 at the Sheraton Hotel. The event was attended by officials from the Ethiopian Investment Commission, the European Union Ethiopia Delegation as well as EU business communities.

The EU Business Forum was recently formally registered in Ethiopia becoming the main representation for the EU Business Communities in the country.

“The commission welcomes the recent formal registration of EUBF as the leader representation of the EU business community. This forms a solid formation a structure for an investment policy dialogue,” Said Fitsum Arega, Commissioner of the Ethiopian Investment Commission. He further stated that as the number of foreign business association increases, it encourages the formation of a wider network making discussions on policy even more fruitful.

The EUBFE was set-up in response to the need for both a platform for networking and information exchange between EU businesses and a systematic dialogue with the Ethiopian authorities. In line with Ethiopia’s second phase Growth and Transformation Plan (GTP) that has aggressive social and economic growth targets, it is stated that the EUBFE aims to assist this growth through the active investments of member state companies and individuals.

Speaking about solving some of  the challenges to doing business in Ethiopia Chantal Hebberecht, the Head of the European Union Delegation to Ethiopia pointed out that there is a need for more discussions between the government and the business community.

“In such challenging business environment, pulling forces and maintaining constrictive dialogue is key and I want to underline the feedback from the government has been generally very positive. However, it is fair to say not each and every problem has been solved to date,” she said.

She further underlined that the EUBF is established in line with the vision of the European Union, to maximize the synergies and strengthen collective impact both politically and economically.