(ADDIS ABABA (Ethiopia), July 7 (Bernama) -- Ethiopia's Prime Minister Meles Zenawi said Thursday that his government is seeking to attract more investments from South Korean businesses in a bid to create jobs for youth and industrialise the nation's agriculture-based economy.
In an exclusive interview with South Korea's Yonhap News Agency days before President Lee Myung-bak arrives here for the first-ever visit to Addis Ababa by a South Korean president, Zenawi said the visit is "very important not only for Ethiopia, but also for the whole of the continent."
"We would like to see more South Korean private investment in agriculture, in manufacturing, (and) in mining," the prime minister said, noting that Ethiopia is trying to benchmark South Korea, which was poorer in the 1960s than many African nations but transformed itself into one of the world's most dynamic economies.
"We tried to learn from the experience from South Korea. So for me, South Korea is not just an old friend of Ethiopia, it is also an example for us and for Africa of how to fight poverty and develop in a successful fashion," Zenawi said.
"I think there are many opportunities for investment," Zenawi said.
"We can benefit from Korean expertise and technology and investment by Korean companies" in the areas of electricity, renewable energy resources and information technology," he said. Read more »
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"We would like to see more South Korean private investment in agriculture, in manufacturing, (and) in mining," the prime minister said, noting that Ethiopia is trying to benchmark South Korea, which was poorer in the 1960s than many African nations but transformed itself into one of the world's most dynamic economies.
"We tried to learn from the experience from South Korea. So for me, South Korea is not just an old friend of Ethiopia, it is also an example for us and for Africa of how to fight poverty and develop in a successful fashion," Zenawi said.
"I think there are many opportunities for investment," Zenawi said.
"We can benefit from Korean expertise and technology and investment by Korean companies" in the areas of electricity, renewable energy resources and information technology," he said. Read more »
Related topics:
Lee returns home from African trip
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