- Despite the thirteen-month-long conflict in Ethiopia, the country has managed to attract over 1 billion USD Foreign Direct Investment (FDI) in the first four months of the Ethiopian fiscal year according to the Ethiopian Investment Commissioner Lelise Neme.
- She stated that about 54 foreign investors have invested 1.07 billion USD in the manufacturing and service sectors during the period reaffirming Ethiopia’s potential as an investment destination.
Despite the thirteen-month-long conflict in Ethiopia, the country has managed to attract over 1 billion USD Foreign Direct Investment (FDI) in the first four months of the Ethiopian fiscal year according to the Ethiopian Investment Commissioner Lelise Neme. She stated that about 54 foreign investors have invested 1.07 billion USD in the manufacturing and service sectors during the period reaffirming Ethiopia’s potential as an investment destination. About 33 of the investors will engage in manufacturing and 21 in the services sector. The said FDI inflow registered a 23 percent increase compared to the same period of the last fiscal year.
She added that the widespread economic reforms launched in the country have contributed to the Ease of Doing Business and revision of the investment law has created favorable investment conditions in Ethiopia. The commission she said is looking into the issues of investors in the country.
