Ethiopia Emerges to be the First African Nation to host the World Economic Forum in 2020.

Ethiopia has been confirmed as the first country in Africa to host the World Economic Forum’s(WEF) Annual International meeting, which is usually hosted at Davos-Klosters, Switzerland.

According to the CGTN, the founder of the World Economic Forum, Prof  Klaus Schwab discussed this with the Prime Minister, Mr. Abiy Ahmed, with an agreement to the Ethiopian hosting of the next summit.

Ethiopia had requested for the second time last year to host the World Economic Forum on African soil.

The office of the prime minister said the two leaders discussed the importance of a collaborative approach among government, the private sector and civil societies in addressing key global challenges.

This marks a significant milestone for the African nation credited with remarkable economic reforms and transformation, reports Proshare magazine.

The annual Davos World Economic Forum is the gathering of over 1,000 business and political leaders across the globe, to chart fresh pathways for global economic growth.

The First time The WEF Forum to be held on the African soil.

Africa will be hosting the WEF for the first time since the inception of the summit in 1974.

Abiy attended the WEF 2019 meeting held in Davos, Switzerland, where he met several business leaders before heading to Belgium.

Abiy, who has championed reforms since taking office in April last year, called upon investors in Davos to take advantage of the huge business opportunities available in the country.

Reiterating Ethiopia’s plans to liberalize the previously state-controlled sectors of telecommunications, banking, and aviation among others, Abiy pledged to do more to make it easier to do business for anyone planning to invest in Ethiopia, CGTN reports.

“In order to enforce our up word trajectory and achieve even more rapid and sustainable growth, Ethiopia has embarked on a comprehensive reform process since last April,” he said.

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