Zambia’s Ambassador to Ethiopia His Excellency Emmanuel Mwamba has appointed the new Board of the Zambia-Ethiopia Business Forum.
The new board has been drawn from various sectors in Zambia and Ethiopia.
Mr. Mwamba thanked the the Zambia Chamber of Commerce and Industry (ZACCI), who helped propose distinguished names drawn from Zambia.
He said the Zambia-Ethiopia Business Forum should ensure that business, trade and investments between Zambia and Ethiopia were significantly enhanced.
He said the new members should exploit the business and trade opportunities that exist between the two countries.
Members of the Board, include:
- His Excellency Mr. Emmanuel Mwamba, Zambia’s Ambassador to Ethiopia and Permanent Representative to the African Union and the Economic Commission for Africa – as Patron;
- Mr. Sisay Tesfaye, Founder and Group Chairman of Sisay Investment Group of Ethiopia – as Interim Chairman of the Board;
iii. Mr. Fred Musonda – President, Chingola Chamber of Commerce and Industry – member;
- Mrs. Christabel Ngongola – Reinke – President, Kabwe Chamber of Commerce and Industry – member;
- Mr. Emmanuel Munsanje – President, Luapula Chamber of Commerce and Industry – member;
- Mr. John Samaras – President, Ndola Chamber of Commerce and Industry;
vii. Mr. Mukumbi Kafuta – President, North-Western Chamber of Commerce and Industry – member;
viii. Pastor Zerubbabel Mengistu, Senior Pastor and Co-Founder of BEZA International Church of Ethiopia – member;
- Mr. Joseph Chinyemba, First Secretary (Economic/Trade), Zambia Embassy in Addis Ababa, Ethiopia – member of the Secretariat.
Others include two members from the Ethiopian private sector, recommended by the Addis Ababa Chamber of Commerce and Sectoral Associations; and
xii. One (1) representative of the Association of Zambians living in Ethiopia
Mr. Mwamba reiterated that the establishment of the Zambia-Ethiopia Business Forum was an initiative which would aggressively scale-up levels of trade and investments between Zambia and Ethiopia, both of which are members of the Common Market for Eastern and Southern Africa (COMESA).
Mr. Mwamba noted that despite significant potential, levels of bilateral trade and investments between the two countries has remained low as the investment and trade opportunities existing in both countries remain unexploited by the private sector of both countries.
He noted that the Business Forum would create a platform where the private sector of the two countries would be frequently engaged and mobilized to undertake business investment missions to both Zambia and Ethiopia, to explore investment opportunities existing in both countries.
He further noted that with the operational launch of the African Continental Free Trade Area (AfCFTA) arrangement, it was necessary that the African private sector began to engage each other more in order to enhance intra-African trade and investment.
He called on business entities interested in trade between the two countries and wishes to join the Forum to get in touch with the Embassy.
The Zambia-Ethiopia Business Forum was established in May, 2019.
It is envisaged that there is significant potential for increased investments and trade between Zambia and Ethiopia especially in agro-processed products such as sugar and other manufactured products, leather products, copper wire, copper cathodes/sheets, textile and many others.
This is according to a statement issued by Embassy of the Republic of Zambia Addis Ababa, Ethiopia First Secretary – Economic/Trade Joseph Chinyemba.