Shiferaw Menbacho on what makes SA attractive to Ethiopian investors

Ethiopia's Prime Minister recently visited South Africa and discussed various issues, with the dispute over the Grand Renaissance Dam with Egypt taking center stage. In an interview with CNBC Africa, Ethiopia's Ambassador to South Africa, Shiferaw Menbacho, shed light on the discussions and the potential for economic cooperation between the two nations. One key theme that emerged from the interview was the call for African solutions to African challenges, emphasizing the need for continental leadership in addressing disputes like the one concerning the dam. Ambassador Menbacho emphasized the importance of African sovereignty and the correcting of colonial-era rules surrounding the Nile River. The request for South African President Ramaphosa to mediate talks between Ethiopia and Egypt reflects the desire for African-led resolutions to regional issues. The interview also touched on efforts to strengthen economic and bilateral ties between Ethiopia and South Africa, particularly in areas like tourism and healthcare. Ambassador Menbacho highlighted the potential for collaboration in these sectors and the exchange of expertise between the two countries. The interview also addressed the telecom sector in Ethiopia, which is undergoing privatization, presenting opportunities for international companies to invest. Ambassador Menbacho encouraged telecom giants like MTN and Vodacom to participate in Ethiopia's telecom market and bring new technology and value to the sector. The discussion then turned to concerns around increasing investments in South Africa, with a focus on recent xenophobic attacks. President Ramaphosa reassured foreign nationals, including Ethiopians, of their safety in South Africa. Ambassador Menbacho acknowledged the president's stance and highlighted efforts to address concerns of the Ethiopian community in South Africa through the establishment of a joint committee. Overall, the interview underscored the potential for deepening diplomatic ties and economic cooperation between Ethiopia and South Africa, while also addressing key concerns around safety and investment.