Ethiopia gets business academy

26 March 2014

World Bulletin / News Desk

The Ethiopian Chamber of Commerce and Sectorial Associations on Tuesday launched a business center of excellence, the first of its kind in the Horn of Africa country.

Dubbed the “Chamber Academy”, the business center was launched in cooperation with the Center for International Private Enterprises (CIPE), an affiliate organization of the US Chamber of Commerce.

“The opening of the Academy would stimulate the Ethiopian private sector,” ECCSA President Mulu Solomon told the opening session.

“It would be vital to bolster the capacity of the private sector through training for business people and staff of relevant organizations,” she said.

“The private sector in Ethiopia should extricate itself from traditional ways of thinking and practices and should be led by modern theories and practice of doing business,” Mulu said.

Professor Mohammed Habib, a senior legal professional and instructor at the Addis Ababa University, said international partnership would be vital to disseminate up-to-date business knowledge.

“The center of excellence just launched would stimulate the activities of the private sector and ensures its steady growth,” Habib told Anadolu Agency.

“The Academy is topical in the Ethiopian context where the private sector has been growing as a major driving force of economic development and growth.”

The academy aims to strengthen leadership and management skills of the ECCSA and member organizations and building institution capacity, according to a press release issued on the launch.

It also aims to enhance communication, cooperation and networking among business institutions.

Tuesday’s opening ceremony was attended by a host of foreign ambassadors, representatives of government and international development organizations, ECCSA partners and other stakeholders.

ECCSA has been operating and helping the Ethiopian business community for more than 60 years.

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