Africa Economy Ethiopia FDI Finance

Ethiopia attracts US$1.1B FDI in 5 months

The Ethiopian Investment Commission has indicated that the country has attracted US$1.1B foreign direct investment during the first five months of the year.

The commissioner of Ethiopian Investment Agency, Lelise Neme, told the state broadcaster ETV, that the projects are registered in manufacturing, agriculture and hospitality sectors.

The Commissioner stated that the spread of coronavirus pandemic has been a challenge in attracting FDI as initially planned. The plan of the Commission for the five months period was to attract worth US$1.5B FDI.

Also read: Ethiopia approves law to introduce Capital Market

New Business Ethiopia

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