Source: Xinhua| 2017-12-30 00:48:10|Editor: Mu XuequanVideo Player CloseADDIS ABABA, Dec. 29 (Xinhua) -- Ethiopia's Foreign Direct Investment (FDI) inflow showed a five-fold increase in a decade, data released by Ethiopia Investment Commission (EIC) on Friday showed. FDI inflow in the Ethiopian Fiscal Year (EFY) 2007/2008 was 814.6 million U.S. dollars but that figure has increased to 4.17 billion dollars in EFY2016/17, that ended July 8. Speaking to Xinhua, Mekonen Hailu, Public Relations Director at EIC, said agriculture, manufacturing, construction, hospitality and horticulture sectors took the majority of the FDI shares. China is already Ethiopia's largest trading partner, with trade volume between the two nations reaching 6 billion dollars in 2015. However, EIC admitted unrest and drought conditions in parts of the country in 2015 and 2016 have affected FDI growth.

Source: Ethiopian News December 29, 2017 17:03 UTC