Economic policy reforms designed to liberalize Ethiopia's economic structures and foreign exchange system are expected to stimulate Foreign Direct Investment (FDI) inflows, according to Investment Commissioner. Speaking at the second Ethio-China Friendship Cooperation Forum, Commissioner Hanna Aryasellassie highlighted that Ethiopia's macroeconomic policy reforms are designed to attract FDI. Ethiopia, which has seen rapid growth in FDI, has opened up several sectors including energy and telecommunications. Accordingly, Commissioner Hanna invited Chinese firms to invest in Ethiopia utilizing the new macroeconomic policies and government incentives. Mentioning Ethiopia's significant achievements in attracting FDI, the Commissioner has reaffirmed her government's commitment to explore investment opportunities with Chinese government and companies.

Source: Ethiopian News August 02, 2024 11:16 UTC