Ethiopia foresees 6 bln. USD from FDI

(E P A)

The Ethiopia Investment Commission (EIC) revealed a plan to attract six billion USD from foreign direct investment (FDI) in the current fiscal year whilst attention is given to export-oriented manfacturing industries.

Speaking to the Ethiopian Press Agency (EPA), EIC’s Investment Promotion Team Leader Tariku Getachew stated that Ethiopia prioritizes agriculture and agro-processing, the manufacturing industry, tourism, mining, and the ICT sector to achieve the plan.

“The target clearly indicates the government’s efforts to make Ethiopia the top investment destination in Africa.” In the remaining five months, consolidated efforts are being done to achieve the plan, and next month, an event will be organized in which more than 500 investors from different countries will participate. “This creates a great opportunity to attract FDI and the work of making investors….

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