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Siemens planning to open technology center in Ethiopia

Siemens, one of Germany’s largest manufacturing company, unveiled on Thursday plans to open a technology center in Ethiopia.

The Company’s CEO, Joe Kaeser, disclosed the plan during a meeting with 
Getahun Mekuria, Ethiopia’s Innovation and Technology Minister, in Addis Ababa, Ethiopia.

Based on a report from state media, his visit to Ethiopia came after the Ethiopian government requested Economic Delegates from Germany to build a technology center in Ethiopia.

If it happens, it is going to the second Deutschland investment interest in Ethiopia.

Towards the end of January this year, German automaker Volkswagen signed a memorandum of understanding with Ethiopian authorities about is intended investment plan in Ethiopia in the Presence of German President Frank-Walter Steinmeier who was on official visit to Ethiopia.