Maersk has already established its footprint in Kenya and looks to expanding more in East Africa with operations in Ethiopia
Ethiopia is taking over East Africa as the region’s top preferred investment hub.
The 8th largest economy in Africa registered a foreign direct investment decline of 10 per cent to $3.6 billion in 2017 as compared to the previous year, according to a United Nations report.
However, since the onset of the New Year 2018, the economy continues to attract more investments.
The world’s largest container shipping company A.P. Moller – Maersk has announced its interest to invest in the Horn of Africa country.
The Danish company, like other foreign firms, has identified business investment opportunities in the nation. The business conglomerate is seeking to expand its world-class services in the logistics sector to Ethiopia.
Read more on The Exhange.
- Advertisment -
