Investment cooperation between Azerbaijan and Ethiopia is expanding
Representatives of the Export and Investment Promotion Agency of the Republic of Azerbaijan (AZPROMO) participated in the “Invest in Ethiopia 2026” business forum held in Addis Ababa, Ethiopia, organized by the Ethiopian Investment Commission and the Ministry of Finance.
According to Startup.az, the event showcased Ethiopia’s investment opportunities, featured panel sessions with the participation of government officials and private sector representatives, and included the signing of documents related to investment projects.
As part of the visit to Ethiopia, an AZPROMO delegation led by Executive Director Yusif Abdullayev held a series of meetings with various institutions.
During a meeting with Zeleke Temesgen, head of the Ethiopian Investment Commission (EIC), discussions focused on the implementation of the Memorandum of Understanding signed between AZPROMO and EIC during the official visit of Ethiopian Prime Minister Abiy Ahmed Ali to Azerbaijan in February this year. The parties also reviewed prospects for strengthening cooperation and exploring joint initiatives.
In a meeting with Aynalem Abayne Mamo, Vice President of the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA), the importance of establishing direct connections between business communities of the two countries and exploring bilateral trade potential was emphasized. Views were exchanged on the development of trade relations with Ethiopia.
During the meeting with Ethiopia’s Minister of Mines, Habtamu Tegene Destaye, opportunities for cooperation in the mining sector were discussed.
In addition, during a meeting with Bruk Taye, CEO of Ethiopian Investment Holdings sovereign fund, information was presented about Azerbaijan’s investment potential, and discussions were held on prospects for mutual cooperation, investment partnerships, and the implementation of joint initiatives.