Gov’t urges Addis Chamber to hammer on improving ease of doing business

Spread the News

Hassen Mohammed, State Minister of Trade and Regional Integration, urges Addis Abeba Chamber of Commerce and Sectoral Associations (ACCSSA) to hammer on improving Ethiopia’s Ease of Doing Business rank at the global level.

Ethiopia ranked 159 among 190 economies in the ease of doing business, according to the latest World Bank annual ratings. The rank of Ethiopia remained unchanged at 159 in 2019 from 159 in 2018. The rank has not shown that much improvement last year.

Hassen told AACCSA that the government is eager to provide backing in its efforts to improve ease of doing businesses through solving the predicaments to do so.

Ethiopia’s low quality and coverage of infrastructure, corruption, inconsistencies in tax assessments and excessive penalties and occasional delays in accessing foreign exchange, among others, are some of the challenges in doing businesses, according to the World Bank.

“We believe that our joint activities with ACCSSA and other implementing agencies to ease these challenges would bring positive outcomes,” Hassen said while he officially opened Addis Chamber’s 75th year’s anniversary at Ethiopian Skylight Hotel on Tuesday.

“Ministry of Trade and Regional Integration (MoTRI) is committed to stand in unison towards Addis Chamber’s effort to boost the private sector investments,” he pledges.

Mesenbet Shenkutie, President of ACCSSA shares Hassen’s opinion.

“We’ve to implement modern way of accomplishing performances to compete with the rest of the world,” she said.

“Especially, I would like to express that we can strive together with ACCSSA in maximizing the role of the private sector in utilizing the opportunities and possible future potentials of the African Continental Free Trade Area platform,” Hassen affirmed.

ACCSSA will celebrate its 75th years of anniversary until Thursday, June 30, 2022. There will be discussions with businesses regarding the activities, future plans, reform program of the Chamber, which is under implementation.

Meanwhile, the Chamber has also released its new book, which narrates its 75th year’s anniversary journey.

Similar Posts

Leave a Reply

Your email address will not be published.