Addis Ababa – The Moroccan and Ethiopian business communities expressed, on Friday in Addis Ababa, their joint willingness to raise economic cooperation relations between the two countries to the level of a strategic partnership.
Ethiopian State Minister of Foreign Affairs, Regassa Kefale, said during a business forum, held in the Ethiopian capital on the sidelines of the official visit paid by King Mohammed VI to his country, that the bonds of friendship between the two countries form the solid foundation to give a boost to these relations.
“Ethiopia and Morocco are linked by very old friendship,” Kefale said, paying a tribute to Morocco for the “its unwavering solidarity towards Africa.”
For the Ethiopian official, this first Moroccan-Ethiopian Business Forum is well-timed and represents an appropriate platform to give new impetus to relations between Rabat and Addis Ababa.
Ethiopia remains committed to strengthening its cooperation relations with Morocco, a country that effectively contributes to development in Africa, he said, highlighting the efforts of his country’s government to achieve the objectives set within the framework of the national economic development plan.
The infrastructure sector remains one of the key sectors that strengthens Ethiopia’s attractiveness to foreign investors, he said, inviting the Moroccan private sector to take advantage of the major development projects launched in his country in the fields of energy, tourism, agri-food and textile.
“The visit paid by the King to Ethiopia will surely give a strong boost to bilateral relations,” he said.
The chairwoman of the Moroccan employers’ association (CGEM), Miriem Bensalah Cheqroun, said that the Moroccan-Ethiopian Business Forum aims to lay the foundation for new relations between the business communities of the two countries.
“This is a first step towards a more fruitful relationship between the two countries,” she said, calling for more efforts to revitalize bilateral economic exchanges that remain below the potential of both countries.
The CGEM official also highlighted the extensive experience developed by Moroccan banks and companies in several African countries.