Bole Medhanealem,
In front of Kebe Cake Rehobot Apartment Building 1st Floor
Addis Ababa, Ethiopia
P.O.Box 25378/1000
The Ethiopian Investment Commission announced that it has secured 2 billion USD Foreign Direct Investments (FDI) over the past six months of this Ethiopian fiscal year.
Investment Commissioner, Lelissie Nemi told local media that the commission has been doing the online and page- to- page promotion so that foreign investors can use the convenient and wide investment options in Ethiopia.
It has also attracted many FDI and reinstated this stagnant sector following the Cessation of Hostility Agreement (CoHA).
Compared with the past similar year of six month performance, the Commissioner said this fiscal year of six month performance has an additional value by 22.5 percent while CoHA has played a pivotal role in this regard. She added that number of investors who request to invest in Ethiopia in various sectors is increasing following the peace accord.
Reference: Ethiopian Herald (February 22)
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