Published on 24.05.2019 at 16h21 by APA NewsThe Ethiopian Investment Commission (EIC) has launched an online services platform where investors can apply for new investment permit and its renewal.The platform also enables online administration of investment incentives, said Abebe Abebayehu, Ethiopian Investment Commissioner said on Friday on twitter. The Commission has also launched a Chinese web-portal that is intended to provide up-to-date information to Chinese investors, he added. Ethiopia has attracted a total FDI of $3.75 billion, last Ethiopian fiscal calendar ended July 7, 2018. In a related development, registering a total capital of 7.3 billion birr ($261 million), some 69 investment projects have begun operation, Mekonnen Hailu, Communications head at EIC. Generous investment incentives, the big market with over 100 million people and its strategic location for other markets, many foreign investors prefer to investnn Ethiopia.
Source: Ethiopian News May 24, 2019 15:06 UTC