Optimism around Ethiopia’s potential in post Covid-19 environment

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Ethiopian law firm Tameru Wondm Agegnehu Law Office in cooperation with BonelliErede recently held a webinar to discuss Ethiopia’s potential in a post Covid-19 environment. The latest in a series of such sessions organised by Gianpiero Succi, Partner of BonelliErede in charge for the firm’s development in Ethiopia and Sub-Saharan Africa, it covered important topics including bilateral relations international treaties and more.
Opening remarks were delivered by Managing Associate Michele Saponaro and Local Partners Seble Geberegiorgis and Weynalem Weldesenbet spoke at length about several points.
Wondm Agegnehu, Founding Partner of Tameru Wondm Agegnehu Law Office in cooperation
with BonelliErede, commented “With healthy economic growth over the past 15 years, and a population of 100 million people, 70% of who are under 30 and brimming with potential, it’s easy to see why more businesses are looking to the horn of Africa for their next venture. However, the nation is not without its barriers, some of which have been exasperated by the impact of Covid-19. In spite of this, the government has demonstrated a strong willingness to overcome its hurdles. Ratifying the New York Convention, and amending the code of commerce, along with opening up minority stakes in key economic sectors to FDI means that international investors have much to be optimistic about. By hosting these discussions, our goal is to create an environment where dialogue is encouraged. It is with sincere gratitude that we thank all of the attendees, especially our honourable dignitaries. Together, we can continue to put forth solutions to challenges, allowing Ethiopia to shine for decades to come.”