Africa has decided to host The World Economic Forum (WEF) in 2020 in Ethiopia, as the Eastern African nation hopes to attract more investment.
The announcement was made following a meeting between Prof Klaus Schwab, Founder and Executive Chairman of WEF and Ethiopia’s prime minister, Abiy Ahmed.
The office of the prime minister said the two leaders discussed the importance of a collaborative approach among government, civil societies and private sector in addressing key global challenges.
Abiy previously attended the WEF 2019 meeting held in Davos, Switzerland, where he met several business leaders before heading to Belgium.
Abiy courts investors
Abiy, who has advocated reforms since taking office in April last year, called upon investors in Davos to take advantage of the huge business opportunities available in the country.
Reiterating Ethiopia’s plans to liberalise the previously state-controlled sectors of aviation, banking and telecommunications, among others, Abiy pledged to do more to make it easier to do business for anyone planning to invest in Ethiopia.
“In order to enforce our up word trajectory and achieve even more rapid and sustainable growth, Ethiopia has embarked on a comprehensive reform process since last April,” he said.