<\/p>\n

Ethiopia has attracted more than 3.7 billion USD Foreign Direct Investments (FDI) during the concluded fiscal year, according to the Investment Commission (EIC).<\/p>\n

In a press conference he gave on 28 August, Dr Belachew Mekuria, EIC Commissioner, said the nation has managed to lure the stated amount of FDI, despite the multi-faceted challenges the country has faced over the year.<\/p>\n

According to Belachew, the performance is low compared to the plan, which was to attract investment worth of 4.6 billion USD due to some challenges that the nation has faced.<\/p>\n

Lack of foreign currency and unrest observed in some parts of the country has negatively contributed to the reduction of the FDI inflow, he stated.<\/p>\n

According to the Commissioner, China, India and Turkey are the leading countries whose investors engaged in various investment areas during the stated time.<\/p>\n

Through the efforts exerted to stabilize the situation, the government has managed to maintain existing investments and simultaneously managed to attract new companies into the country, he noted.<\/p>\n

The commission has also issued investment licenses to 275 foreign projects with a combined capital of over 5 billion USD in during the stated time, he added.<\/p>\n

Ethiopia\u2019s investment has created job opportunities for 133, 000 citizens over the year in the newly built industrial parks and some other investment ventures, it was indicated.<\/p>\n

The Horn of African country has given due attention to industrial development and attract more foreign direct investment to realise development.<\/p>\n

The development of industrial parks across the country in addition to incentives and the conducive business environment is helping the nation to attract more investment.<\/p>\n

Ethiopia is working to realise its ambition of becoming an industrial hub in the region and structural transformation by scaling up the performance of the manufacturing sector.<\/p>\n

The recent reforms to partially privatise major public enterprises could be taken as a significant step forward to realise its ambitious target.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Ethiopia has attracted more than 3.7 billion USD Foreign Direct Investments (FDI) during the concluded fiscal year, according to the Investment Commission (EIC). In a press conference he gave on 28 August, Dr Belachew Mekuria, EIC Commissioner, said the nation has managed to lure the stated amount of FDI, despite the multi-faceted challenges the country …<\/p>\n","protected":false},"author":16,"featured_media":7960,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-11897","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-embassy-news"],"jetpack_featured_media_url":"https:\/\/ethiopianembassy.be\/wp-content\/uploads\/Ethiopian-Investment-Commission.jpg","_links":{"self":[{"href":"https:\/\/ethiopianembassy.be\/index.php?rest_route=\/wp\/v2\/posts\/11897","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ethiopianembassy.be\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ethiopianembassy.be\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ethiopianembassy.be\/index.php?rest_route=\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/ethiopianembassy.be\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11897"}],"version-history":[{"count":1,"href":"https:\/\/ethiopianembassy.be\/index.php?rest_route=\/wp\/v2\/posts\/11897\/revisions"}],"predecessor-version":[{"id":11898,"href":"https:\/\/ethiopianembassy.be\/index.php?rest_route=\/wp\/v2\/posts\/11897\/revisions\/11898"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ethiopianembassy.be\/index.php?rest_route=\/wp\/v2\/media\/7960"}],"wp:attachment":[{"href":"https:\/\/ethiopianembassy.be\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11897"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ethiopianembassy.be\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11897"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ethiopianembassy.be\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11897"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}