Ethiopia secures over 1bln USD in Foreign Direct Investment in four months

Addis Ababa, December 22, 2021 (FBC) – Ethiopia has secured over over 1 billion USD in Foreign Direct Investment in the first four months of the current fiscal year.

The achaivement gained amidst the challenges the country is facing shows that most investors have trust in the business environment, Ethiopian Investment Commissioner Lelise Neme said.

The commissioner told ENA that “despite the conflict some 54 foreign investors have invested  1.07 billion USD in the manufacturing and service sectors during the past four months of the fiscal year.”

Of those, 33 of the investors will engage in manufacturing and the 21 in the services sector, it was learned.

“This performance has shown over 23 percent increase when compared to the same period of  the last fiscal year. The growth in this regard shows the realization foreign investors have developed about the advantageous of investing in Ethiopia,” Lelise observed.

The commission is encouraged by the significant increase in investment and the way the investors see the opportunity and the huge investment potential in Ethiopia, she noted.