Source: Xinhua| 2017-09-07 21:36:36|Editor: Zhou XinVideo Player CloseADDIS ABABA, Sept. 7 (Xinhua) -- Ethiopia has attracted 3.8 billion U.S. dollars in foreign direct investment (FDI) in the Ethiopian Fiscal Year (EFY) 2016/17, that ended July 8, an official said Thursday. Mekonen Hailu, Public Relations Director at Ethiopian Investment Commission (EIC), told Xinhua the flow of FDI in the country showed a 20 percent increase from EFY 2015/16. "In the 2016/17 fiscal year 381 projects have become operational and the investment projects have created 71,000 temporary and permanent jobs to Ethiopians," he added. The investment projects are mainly engaged in agriculture, manufacturing, health, education, mining and construction. "The Ethiopian government is giving tremendous incentives and necessary support for local and foreign investors, to make sure FDI inflows continue on a growth trajectory" said Hailu.

Source: Ethiopian News September 07, 2017 13:52 UTC