Ethiopia has attracted $843 million foreign direct investment (FDI) in the last five months, said Investment Commission. Some of the incentives Ethiopia provides include:• Income tax exemption period: – An investor is eligible for income tax exemption period averaging 2 – 6 years, whereas Industrial Park Enterprises and Developers are entitled to income tax exemption period averaging 8 – 10 years and 15 years respectively. • Loss carry forward: – If an investor incurs a loss during the income tax exemption period they are allowed to carry the loss forward for half of the income tax exemption period after the period expires. • Export tax exemption: With the exception of hides and skins all export products are exempted from export tax. Recently in collaboration with the UN agency for African economic affairs, the Ethiopia Investment Agency has launched online investors’ guide that provides information on investment opportunities and procedures for investors.

Source: Ethiopian News January 25, 2019 10:18 UTC