By our staff reporter

Addis Ababa Chamber of Commerce and Sectoral Associations underscores that the recent membership into BRICS will bring astronomical opportunity for the country.

The city chamber, which is the oldest and sturdiest private sector body well known for its strong policy recommendation, research papers and advocacy, disclosed that the membership of Ethiopia in the emerging global association as crucial for both country and region.

Mesenbat Shenkute, President of the Chamber, said that the acceptance of Ethiopia as one of the members of BRICS is a turning point for opening a new window of opportunities for the country and the region as well.

“We are optimistic that the government will make important policy revisions aimed at our business people who are widely participating in the new business block with more foreign investment set to come in,” she said during the launching of the annual grand trade fairs which are the major promotional activities that the Addis Chamber carries out regularly.

“It should also be noted that a lot of support is needed from the government side towards helping our emerging private sector in the international market,” the private sector association leader underlined, adding, “In this regard, I would like to reaffirm that Addis Chamber will do everything possible in its capacity to advance trading and investment as well as equally advancing the issues and the concerns of   the private sector.”

The Addis Chamber has long been organizing the annual grand business promotion events dedicated to promote trade and investment.

This year, the Addis Chamber has identified key and strategic business trade fairs to be staged which are presumed to boost trade ties and networking among businesses. The sectors include services, food, agriculture and manufacturing that are key sectors of the Ethiopian economy.

“Business events which will be hosted by our chamber facilitates an ideal platform to discuss and exchange ideas and solve challenges associated with technology that local service provider’s face,” Mesenbet said. 

The Addis Chamber this Ethiopian budget year trade fairs includes the 14th Addis Chamber Specialized International Agriculture and Food Trade Fair (AGRIFEX-Ethiopia), the 26th Addis Chamber International Trade Fair (ACITF) and the 6th Addis Chamber International Manufacturing & Technology Trade Fair (MATEX-Ethiopia) that shall attract thousands participants and visitors from all over the world.

The events are scheduled to be held at the end of this year, and February and May in 2024 respectively.