MOSCOW, February 6. /TASS/. Ethiopia invites Russian companies to develop a business from scratch in gold mining, Ambassador of Ethiopia to Moscow Genet Teshome Jirru said in an interview with TASS.
"As for gold mining, Russia has extensive experience on Ethiopian soil since Soviet times. So, this is one of the areas where we expect the participation of the Russian side both in cooperation with our existing entrepreneurs and in the development of business from scratch," he noted.
The ambassador added that Ethiopia is also open to Russian capital in other areas, such as fertilizer production. According to him, this area is very important for the agricultural country that is currently engaged in industrialization. "At the same time, Ethiopia imports a large volume of fertilizers every year. One of the tasks of our government is to start producing the fertilizers that we import in large quantities from abroad. These are mainly mineral raw materials such as urea," the diplomat explained.
He stressed that if foreign investors decide to set up the corresponding production facilities in Ethiopia, "it will be highly welcomed and will receive full support from the state". "So, we invite Russian businessmen to consider investing in this sector. However, Ethiopia has many other opportunities: agricultural production, forestry, information and communications technology, tourism, and mining," the ambassador concluded.