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· Ethiopian Investment Commission has reported that the country has recorded Foreign Direct Investment (FDI) inflow of 2.5 billion USD, highest in two years.
· Ethiopian Investment Commissioner Lelissie Nemi remarked that the trend was encouraging when compared to other African countries.
Ethiopian Investment Commission has reported that the country has recorded Foreign Direct Investment (FDI) inflow of 2.5 billion USD, highest in two years. Ethiopian Investment Commissioner Lelissie Nemi remarked that the trend was encouraging when compared to other African countries.
Addressing the evaluation workshop, the commissioner observed that the factors that contributed to the surge in the FDI flow included actual operation of most of the industrial parks, promotions and the one-stop service. She added that the investment legal framework which creates enabling environment for local and foreign investors and ease of doing business in the country also helped to attract investors. The economic reforms introduced by the government during the last two years she said, also played a significant role in boosting the FDI flow. However, security threats, lack of land provision, energy supply, and foreign currency were among the hurdles that affected investment. Lelissie stated that Ethiopian Investment Commission is committed to create conducive business environment this fiscal year to increase FDI inflow, create more jobs and improve investment-related services, etc.
To achieve these targets, the organisation will work on investment promotion, transfer of technology and strong monitoring and evaluation strategy as well as enhancing institutional capacity
