Prominent French companies are showing interest to invest in Ethiopia in the area of energy, logistics, and telecom sector, French Ambassador to Ethiopia, Remi Marechaux said. In an exclusive interview with ENA, Ambassador Remi Marechaux said the number of French investors operating in Ethiopia has now reached 55 which is twice the number some five years ago.
The companies are mainly engaged in energy including geothermal and hydro business development as well as manufacturing sector which is important to encourage import substitution, the Ambassador said. French companies are also very much keen to invest in the field of logistics, energy, transport and telecom sector in Ethiopia, he stated.
The Embassy is working to attract more investors to Ethiopia through various mechanisms, the ambassador pointed out. In this regard, he added that several events will be organized including an event called ‘Mission-Africa’ which will happen in France on November. A visit by the largest French investor union to Ethiopia, which is scheduled for January next year, is also part of this initiative, ambassador Remi Marechaux said.
Ethiopian Herald held an exclusive interview with Marcel Cabral, Siemens Gamesa Area Director Africa (excl. South Africa) regarding the renewable energy potential and prospects of Horn of Africa in general and Ethiopian in particular. Siemens Gamesa is a leader in the renewable energy industry, working to provide offshore and onshore wind turbines and services. Here follows the interview:
Below is the outcome of the interview as reported by the Ethiopian Herald.
Herald: How do you see the potential for renewable energy development of Africa in general, and East Africa and Ethiopia in particular?
Marcel Cabral : Sun and wind are abundant renewable resources on the continent. Besides, fast growing economies and high population growth are increasing the energy demand in Africa. As a result, more than ever, Africa offers significant opportunities in the field of renewable energies.
In a country of approximately 100 million people, roughly 44% of Ethiopians have access to electricity. Ethiopia’s National Electrification Program 2.0 aims to fill this electricity access gap: by ensuring 100% access by 2025.
To reach this ambitious target, the government is engaging in an array of innovative partnerships with development organizations and the private sector, helping make sure that no one is left behind in the push for universal access to electricity.