According to the latest Africa Investment Index 2018 (AII) by Quantum Global Research Lab, an independent research arm of Quantum Global, Ethiopia is ranked among the top 10 most attractive investment destination in Africa in 2017.
Morocco ranks first on the Index, followed by Egypt and Algeria in the second and third places.
Botswana ranks 4th, Cote d’Ivoire 5th, South Africa 6th, Ethiopia 7th, Zambia 8th, Kenya 9th, and Senegal 10th.
The bottom 10 African countries in attracting FDI are Botswana, Central African Republic, Liberia, Somalia, Eritrea, Equatorial Guinea, Gambia, Sierra Leone, Guinea, Sao Tome and Principe as well as Zimbabwe
According to the Ethiopian Investment Commission, Ethiopia’s manufacturing industries and export-oriented sectors are attracting a significant number of FDIs.
The extensive infrastructural development and the all-around government’s support to investors were among the major factors contributed to better FDI flow to the country.
Various companies have also expressed their interest to invest about 2 billion US dollars in the country over the coming one year.
