What happened: Ethiopia held investment forums this week in several countries where various multinationals participated, such as Orange and Citibank, including the Addis Standard on 17 May.
Why it matters: The Ethiopian government is trying to attract new foreign investment because it is pursuing ambitious domestic reforms, and the rise by large multinational companies underlines the great interest of world players in Ethiopia.
Background: Ethiopia is currently undergoing a shift from a government-dominated economy to more private sector growth, which is already attracting considerable interest from Western companies.
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