Lelise Neme, Chief Commissioner of the Ethiopia Investment Commission (EIC), said the FDI inflow exceeded that of the same period last year by 18.3 percent. "Ethiopia also attracted 118 investors, most of them Chinese investors, in the manufacturing, service and agricultural sector during the first nine months of 2021/2022," Neme said. The EIC chief further disclosed Ethiopia earned 156.7 million U.S. dollars in export revenues from industrial park products during the first nine months of the 2021/2022 fiscal year. The industrial parks' export revenues exceeded revenues from that of the same period last year by 27 million U.S. dollars. In recent years, Ethiopia has embarked on an industrial parks' construction and commissioning activities, as part of a broad economic strategy to make the country a light manufacturing hub in Africa by 2025.

Source: Ethiopian News May 10, 2022 22:54 UTC