Back Ethiopia Attracts over 3.7B USD FDI

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(Qeerroo Tube, August 28; 2018)  –  Ethiopia has attracted more than 3.7 billion USD Foreign Direct Investments (FDI) during the concluded fiscal year, Ethiopian Investment Commission (EIC) announced.

Dr. Belachew Mekuria, EIC Commissioner said the nation has managed to lure the stated amount of FDI, despite the multi-faceted challenges the country has faced over the year.

According to Belachew, the performance is low compared to the plan, which to attract investment worth of 4.6 billion USD due to some challenges that the nation has faced.

According to the Commissioner, China, India and Turkey are the leading countries whose investors engaged in various investment areas during the stated time, he added.

He also said the commission has also issued investment licenses to 275 foreign projects with a combined capital of over 5 billion USD in during the stated time.

Ethiopia’s investment has created job opportunities for 133, 000 citizens over the year in the newly built industrial parks and in some other investment ventures, it was indicated.

The development of industrial parks across the country in addition to incentives and conducive business environment is helping the nation to attract more investment.

Source:  ENA

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