A Business Transformation in Ethiopia
Have you ever wondered about why an increasing number of Chinese and Turkish firms are investing in manufacturing in Ethiopia? What opportunities might you derive from this trend? Did you think who are these investors and how can I create a business relationship with them? What were your thoughts when H.E Prime Minister Hailemariam Dessalegne linked an agreement with his Kenyan counterpart on a special status agreement? Did you think possible opportunity or see a threat to your business? Are you worried about the currently somewhat difficult financing environment and how your company might continue to grow by engaging banks or the increasingly aggressive private equity firms?
Running a business is never easy. It takes CEOs that are multi-talented and continuously learning to adapt to new situations. In Ethiopia, we’re entering a new era. One in which, we are increasingly required to be competitive at the global level in order to survive and thrive. We are entering a new era where Government regulations increasingly require modern management practices, and meticulous record keeping. New policy directives and trade agreements with neighboring countries are coming out rather quickly. These agreements are likely to create new opportunities for local business but also introduce elements of strong competition. On the other hand, Ethiopia is likely in a unique position in history in which it has the potential to attract billions of dollars of investment in manufacturing that can provide a boost to all types of businesses.
Unfortunately, it has not been easy for CEOs to clearly understand the business environment and its likely evolution for the coming years. There has not been a forum that regularly brought together leading CEOs from different sectors of business to share their experiences. That is until now. Precise Consult International (PCI), in partnership with ACCA Ethiopia is organizing The CEOs Breakfast Forum at the Sheraton Addis. The CEOs Breakfast Forum is a quarterly event that brings together a small number of leading CEOs, government officials, donors, and international agencies on issues of doing business in Ethiopia. The goal of the forum is to serve as a platform to inform leaders on current business trends and management practices as well as afford them a rare opportunity to network over breakfast.
We at Precise are happy to announce the first of what we hope to be regular quarterly networking events over breakfast on Thursday, March 28, 2013 from 7:30-9:00a.m at the Sheraton Addis. The focus of this forum is on Investment Prospecting: understanding the opportunities and risks in Ethiopia.
More information about the event and how to participate can be found at www.ethiopiainvestor.com.