Tag: #ethiopianFDI

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Ethiopia Attracts $700 Million Foreign Direct Investment in First Quarter

Nation attracted 700 Million Foreign Direct Investments (FDI) during the first quarter of the on-going fiscal year, according Ethiopian Investment Commission report.

In its report to the House of Peoples’ Representatives Trade and Industry Standing Committee, the Commission said the country has achieved 70 percent of the plan which was projected to bring over a billion U.S. dollar investments during the stated period.

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Ethiopia Attracts Over 3 billion US dollars Foreign Direct Investment

Ethiopia attracted 3.1 billion US dollars Foreign Direct Investment (FDI) in the concluded Ethiopian fiscal year which ended July 7, 2019.

Ethiopian Investment Commission disclosed today that Ethiopia is the biggest FDI recipient in east Africa nations and the fifth largest FDI destination in Africa as a whole.

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Ethiopian Industrial Parks Development Corporation is working to ease challenges facing industrial parks

Parks and concerning stakeholders said easing hurdles facing the parks is important to make the industrial parks productive and competent abroad.

Economic growth in Ethiopia is progressing at an impressive rate, where industrial parks are satisfying the interest of international investors in the country’s economy. Attracting FDI is at the core of Ethiopia’s industrialization strategy, which is supported at the highest level and in particular by the Prime Minister.

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