Addis Ababa — Some 75 Investors with close to 3.8 billion Birr registered capital have obtained licenses to operate in Gondar city and the surroundings during the past five months, according to the city administration. However, the flow of investment has dramatically increased in recent years as the city administration worked together with the community and security forces to solve the problem. In recent years, however, peace has prevailed and contributed significantly to the investment flow," Bayu stated. In addition, the city administration has been exerting efforts to promote the local potential and exploit it, according to the head. The city administration is reportedly working in collaboration with the federal and the Amhara Regional State to make Gondar a major investment destination.

Source: Ethiopian News January 05, 2021 16:18 UTC