Ethiopia attracted USD 3 billion in Foreign Direct Investment (FDI) during the first 10 months of the current fiscal year. This figure is expected to put the Ethiopian Investment Commission on track to meet its annual target of USD 3.5 billion. Commissioner Hanna Arayaselassie highlighted the creation of 75,000 jobs in industrial parks fueled by foreign investment. Ethiopia currently leads Eastern Africa in FDI inflow, but the EIC sees even greater potential. The government claims that it actively supports foreign firms with incentives, infrastructure upgrades, and a reliable energy supply.

Source: Ethiopian News May 30, 2024 01:48 UTC